Prospection visit to Rwanda, opportunities identified

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Rwanda has been at the heart of all the investors’ attention and of the different rankings in recent years. “GDP per capita has increased fivefold over the past 20 years. At the same time, in recent years, the poverty rate has fallen by about 25% and inequalities have been reduced,”says the World Bank. “Some people call it a triple in terms of development,” explains Yoichiro Shihara, an economist at the World Bank. Rwanda now aims to become a middle-income country by 2020. How? Moving from a still essentially agricultural economy to a service economy. This does not mean that Rwanda has gone out of poverty. Despite its success and an average annual growth of about 8% from 2001 to 2012, it continues to face challenges that match its ambitions. It plans to raise GDP to US $ 1,000 per capita by 2018 (against US $ 693 in 2013) and to reduce the poverty rate to below 30 per cent compared to 45 per cent currently. Above all, if Rwanda has been reducing inequality for some years, it remains the most unequal country in the region, according to the International Development Corporation’s 2013 report on the state of East Africa.

Thus, Kundi Africa Corp. has chosen to organize a prospection mission in the country of the thousand hills. This visit made possible to evaluate the potential in the service, hospitality and energy sectors. The tourism potential of the country also requires special attention. Several prominent contacts have been made and Kundi Africa Corp will organize an investment mission to Rwanda in May 2017.