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Asian Countries Lead Foreign Investment in Rwanda, Development Board Says
Asian Countries Lead Foreign Investment in Rwanda, Development Board Says
Sputnik Africa
Data on leading investors in the country was prepared as part of the Rwanda Development Board's (RDB) annual report, a government institution whose mandate is... 16.05.2023, Sputnik Africa
2023-05-16T17:31+0200
2023-05-16T17:31+0200
2023-08-03T10:48+0200
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China and India remained the major foreign investors in Rwanda's economy for 2022, the Rwanda Development Board's (RDB) annual report has shown.According to the institution, Rwanda attracted investments worth $1.6 billion in 2022. Of this, $182.4 million (11.2%) came from China in 49 projects in the East African countryIndia ranked second with an investment portfolio of $151 million, or 9.2%, with 36 projects, RDB pointed out.Asia, whose total investment in Rwanda was $330.4 million in 84 initiatives, outpaced Europe ($226 million and 31 projects).Rwanda's third continental investor in 2022 was Africa, with a total investment of $189.3 million (11.6%) and 78 projects in the country. Kenyan investment dropped from second place in 2021 with $92.6 million (2.5%) invested in Rwanda.According to the World Bank, Rwanda's economy has shown resilience despite a difficult economic environment in 2022, with real GDP growing by 8.2% in 2022.Apart from that, Rwanda was one of two countries in Sub-Saharan Africa to meet all the Millennium Development Goals for health: Under-five mortality, maternal mortality, and total fertility all dropped between 2000 and 2020, the World Bank noted.
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who is the largest investor in rwanda? rwanda's top investors
who is the largest investor in rwanda? rwanda's top investors
Asian Countries Lead Foreign Investment in Rwanda, Development Board Says
17:31 16.05.2023 (Updated: 10:48 03.08.2023) Data on leading investors in the country was prepared as part of the Rwanda Development Board's (RDB) annual report, a government institution whose mandate is to accelerate the country's economic development by enabling private sector growth.
China and India remained the major foreign investors in Rwanda's economy for 2022, the Rwanda Development Board's (RDB) annual report has
shown.According to the institution, Rwanda attracted investments worth $1.6 billion in 2022. Of this, $182.4 million (11.2%)
came from China in 49 projects in the East African country
India ranked second with an investment portfolio of $151 million, or 9.2%, with 36 projects, RDB pointed out.
Asia, whose total investment in Rwanda was $330.4 million in 84 initiatives, outpaced Europe ($226 million and 31 projects).
Rwanda's third continental investor in 2022 was Africa, with a total investment of $189.3 million (11.6%) and 78 projects in the country.
South Africa ($41.6 million, or 2.5%) and Kenya ($35.8 million, 2.2%) were Rwanda's biggest foreign investors on the continent.
Kenyan investment
dropped from second place in 2021 with $92.6 million (2.5%) invested in Rwanda.
The annual report also revealed that for the first time, local investors are leading Rwanda in private investment, accounting for about $504.8 million (33.1%) of total investment with 123 projects.
According to the World Bank, Rwanda's economy has shown resilience despite a difficult economic environment in 2022, with real GDP growing by 8.2% in 2022.
Apart from that, Rwanda was one of two countries in Sub-Saharan Africa to meet all the Millennium Development Goals for health: Under-five mortality, maternal mortality, and total fertility all dropped between 2000 and 2020, the
World Bank noted.
