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Govt launches business friendly investment code

Published on July 03, 2015

Rwanda Development Board (RDB) has unveiled a new investment code that elucidates potential investment opportunities in the country as well as the key areas the government is marketing to investors. 

The new investment code, launched in Kigali, yesterday, to replace one enacted in 2005 that was limited in scope, is strategic and premised on the ideal that once investors are informed of, among others, what is in it for them, then they will be attracted to the ventures.

The new code aims bring in $1.12 billion worth of foreign direct investments (FDIs) by the end of the year.

Figures from RDB put the country’s actual FDIs at $257 million in 2013 and $521 million projected investments in 2014. Read more. Source | Newtimes