Norwegian investors hail Rwanda’s business environment

Friday 20th, January 2012 / 10:54 Written by


Chief Executive Officer of the Rwanda Development Board, John Gara - Copyright:

During a transnational seminar Norwegian investores have described Rwanda’s investment climate as excellent for doing business comparing to many other African countries in only 17 years after the genocide.

The Rwanda Development Board (RDB) had organized the seminar aiming at displaying the various business opportunities in the country under the theme ‘Develop and expand your Business – Networking and Financing Possibilities’.
The meeting was also organised in cooperation with Norfund (Norwegian Investment Fund for Developing Countries) and the Royal Norwegian Embassy.
The Head of Investment Promotion and Information at RDB, Vivian Kayitesi, made a presentation on various untapped investment opportunities, including ICT, agro-processing, infrastructure, tourism, energy, mining, real estate and construction.
John Gara, Chief Executive Officer of RDB, said it was essential to provide adequate and first hand information to investors to help them understand specific areas of interest.

Gara added the seminar was partly organised to facilitate local investors in private sector to interact with their Norwegian counterparts and share ideas on how to spur business. He advised them to access funds from the Norwegian Investment Fund for Developing Countries.
Bjorn H. Eriksen, the Director of Norwegian Agency for Development Cooperation, highlighted various sectors such as energy, agro-business, communication and environmental sector that need to explore:

There so many business opportunities in this country and its quite good that they have simplified the ways of investing here.”

Speaking to reporters, Thorbjoen Gaustads Aether, the Norwegian Ambassador, observed that the country’s investment climate was conducive, and hence hoping to explore business opportunities in Rwanda.


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