Rwanda investments hit $2bn in 2018

By: Collins Mwai | The New Times
Published on: 2019-01-08
Visits: 255

Total investments into the country have been valued at $2.006B surpassing the $2B target.

This is a growth from $1.675B recorded in 2017 up and $1.16B registered in 2016.

Data from the Rwanda Development Board shows that the largest investments were in manufacturing, mining, agriculture and agro-processing.

26 per cent were export-oriented projects.

In 2018, the largest share of investments came from domestic investors as opposed to previous years when Foreign Direct Investments have dominated. 49 per cent of total investments were domestic while 47 per cent were foreign.

Some of the largest investors in 2018, with over $ 70 million injections include Emerald Park ltd; Millennial Construction Ltd; Rwanda Innovation Fund; Jali Transport; and Mara Phones.

Other major investments were Andela Software Development’s Rwanda based Pan African Hub; a first Coltan/Tantalum refinery by PRG from Macedonia; new local production of a global beer brand - Heineken in Rwanda by Bralirwa.

OCP from Morocco also set up a large scale fertilizer blending plant, a steel rolling mill by MasterSteel from Rwanda; a mosquito bed nets production plant by Vision Garments from Rwanda and a steel manufacturing plant by AARSAL STEEL from India.

In the same period, Luna Smelter also set up a mineral smelting company, hospitality development around Lake Kivu by GEMS of Rubavu and mobility solutions development by Volkswagen also set up in the country. 


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