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40 British companies to explore business opportunities in Rwanda

Staff writer |
Rwanda will next week host representatives from about 40 British companies that have picked interest in investing in the country.

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According to William Gelling, the British high Commissioner to Rwanda, the potential investors represent companies dealing in sectors including energy, construction, mining, agriculture, transport and financial services.

The trip is coordinated by the Eastern Africa Association, a private sector organisation comprising prominent, mainly British based companies with business interests in East Africa. The visit is scheduled for March 11-14.

Last year, a UK-Rwanda Investment Forum was held in London where President Paul Kagame urged the business communities of the two countries to make the most of the excellent relationship they share to drive fruitful and longstanding investment opportunities.

Rwanda’s ambition of becoming an ideal investment destination received a boost after Parliament, last week, passed a bill that will see investors in priority sectors benefit from generous incentives including tax holidays.

The Rwanda Development Board is expected to pitch investment opportunities that are available in the country.

According John Small, the CEO of Eastern Africa Association, beyond being ranked third on the continent for ease of doing business, Rwanda being an active member of the East African Community would make it possible to access the rest of the region.

“Rwanda’s economy has been growing by over 8 per cent over the last decade and the MO Ibrahim index ranks Rwanda as the most consistent country in Africa in form of good governance improvements over the last decade. Its economy is still virgin with numerous opportunities,” Small said ahead of the visit.

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