The Hub’s investment team spent much of January in Rwanda to support investment linkages and to build the capacity of Rwanda’s investment promotion agency. Both activities will lead to downstream investment closures. On January 17, the Hub signed an MOU with the Rwanda Development Board (RDB) as part of the Hub’s mandate to boost trade and investment within East Africa and with the United States. To date, the Hub has supported the closure of $57 million in investments in East Africa. The Hub’s pipeline of potential investments includes $19.5 million deals in Rwanda.
On January 17, the same day of the MOU signing with RDB, the Hub began a seven-day training workshop for RDB staff members on attracting foreign direct investment and following investment promotion agency best practices. The workshop and subsequent activities under the MoU will enhance Rwanda’s ability to attract trade and private capital, and support Rwanda’s sustainable economic growth.
"The training is very useful. It is aligned with our daily activities. We are learning things that we did not know and other things that we knew which we are being taught how to do much better. For example, we went through the country profiling exercise and we are going to move to sector profiling. Today we did practical exercises regarding major information that we should post on our website to make sure that once investors visit the website they do get all background information about the country and sectors. The other good thing is that we will go with the resources which will help us to keep reviewing the content after the training and also cascade the information to rest of team members who did not get a chance to follow the training," said Domique Savio Nshimiyimana, an Aftercare Analyst from the Department of Investment Promotion and Facilitation at RDB.
On January 19, the Hub sponsored with RDB to host the Business Excellence Awards, which celebrated the efforts by both corporate and small- and medium-sized enterprises promote a sustainable and prosperous Rwanda. The winner of the young entrepreneur award will participate in the Hub’s Export and Investment Readiness Program, designed to increase regional exports and investments through tailored business support.