London, September 15, 2024 — Joseph Kabakeza, Trade and Investment representative at the Rwandan High Commission in London, took the stage at the UK-Africa Trade Summit to highlight Rwanda’s rapid economic growth and business-friendly environment. He emphasized the country’s reputation as one of Africa’s fastest-growing economies, its zero tolerance for corruption, and its commitment to creating a safe, transparent, and efficient environment for business.

Streamlined Business Environment and IT Leadership

Kabakeza showcased Rwanda’s streamlined business registration process, which allows businesses to register within six hours through the Rwanda Development Board. “Rwanda is a regional platform for IT and an IT-ready state,” Kabakeza noted, underscoring the country's ambition to become a leading hub for technology and business in the region.

Key Sectors for Investment

He outlined several sectors ripe for investment, including:

• Light manufacturing
• Mining
• Agriculture
• ICT
• Finance
• Tourism
• Housing
• Infrastructure development

“There are plenty of opportunities for investment, and I’m happy to discuss the details with anyone interested,” Kabakeza said, inviting attendees to explore the diverse investment avenues available in Rwanda.

Strengthening Regional Integration

Kabakeza also highlighted Rwanda’s growing role in regional economic integration, praising the leadership of Uganda’s President Yoweri Museveni in strengthening ties through regional blocs like the East African Community (EAC) and COMESA. These initiatives have created new market opportunities across East Africa, making Rwanda an even more attractive business destination.

Strategic Connectivity

Rwanda’s strategic connectivity was another key point in Kabakeza’s presentation. He proudly mentioned the direct flights from London to Kigali via RwandAir, encouraging attendees to visit Rwanda and experience its potential firsthand. In a lighthearted moment, he added, “As we wait for Uganda Airlines to start, don’t hesitate to use RwandAir. We fly every day.”

A Transparent, Stable Environment for Investors

Kabakeza emphasized Rwanda’s commitment to regional cooperation and its stable, transparent environment for investors. With its ease of doing business, vibrant sectors, and strong commitment to regional integration, Rwanda is well-positioned to welcome global investors seeking growth opportunities in East Africa.

The presentation was well-received, with many attendees expressing interest in exploring Rwanda’s potential as a key player in regional trade and investment.

Why Rwanda:

Fast-growing

• 2nd fastest-growing economy in Africa (7.5% p.a. since 2007)
• Most improved nation in human development globally
• Young and growing population (~70% under 30)

Low Risk

• 5th safest country to walk at night worldwide
• Lowest debt ratio in the region; stable credit ratings
• Stable currency

Business-friendly & Modern

• 2nd in Africa for ease of doing business
• 1st for government transparency in Africa
• Most women in Parliament and a gender-balanced Cabinet globally (61% and 50%, respectively)

A Regional Platform

• Strong potential as an African hub; highly connected African airline
• 2nd for MICE (Meetings, Incentives, Conferences, Exhibitions) in Africa
• Growing bilingual, educated workforce (~50,000 tertiary graduates/year)

IT Ready

• 1st in the EAC for network readiness
• 95% 4G LTE network coverage; 7,000 km of fiber