Invest in Remarkable Rwanda Be part of something special 0
Rwanda at a glance Population size Govt. & Parliament 12.1 million Presidential republic Bicameral parliament Official languages GDP per capita Kinyarwanda, USD 729 per capita French, English, Swahili GDP (6 yr growth) Literacy/Employment USD 8.1bn (7.3% p.a.) 70.5% / 83.3% Ratings Currency/exchange rate B+, “stable” - Fitch Rwanda Francs (RWF) ~RWF 847/USD B, “stable” - S&P 1 Sources: World Atlas, World Bank, Fitch, S&P - all 2016 except: population and Fitch rating 2017, exchange rate 2018
Rwanda, incredible success story of Africa 2nd 1st fastest growing economy in Africa most improved nation in the world 1st 2nd in Africa for network readiness in Africa for doing business 2nd 6 hrs in the world for ICT promotion to register business (fastest in East Africa) 1st 95% in Africa for govt. transparency network coverage by 4G fibre 5th 1st safest country to walk at night in the world in the world for women in parliament 4th 3rd in the world for gender equality African MICE destination 2 Sources: UN (UN-HDI), World Bank, WEF, Global and Africa Competitiveness Report, ICCA, Global Gender Gap report, Gallup, ICCA, RDB, BSC (majority 2017)
Economic Transformation from predominant agriculture to services and industry Breakdown of Rwanda's GDP by sector (%) Services now % account for 100 4% 5% Subsidies about half of 80 44% all economic 48% Services 60 activity – yet 14% agriculture 40 17% Industry still a key 20 38% 30% Agriculture sector 0 2005 2016 3 Source: RDB
Rwanda has privileged access to markets via four diverse free trade agreements Regional agreements Intercontinental agreements Everything but Arms agreement EAC free trade agreement European Union East African Community COMESA free trade agreement Common Market for Eastern and Southern Africa AGOA free trade agreement United States of America 4
... and can be accessed duty free with a logistics advantage vs. other regional capitals Rwanda Kampala Burundi Kigali DRC Uganda Kinshasa Tanzania Dar-Es-Salaam Rwanda's preferred access Full duty free access 1 to proximity markets thanks to free trade agreements • EAC membership (Uganda, Tanzania, Burundi) • COMESA membership (DRC) 1. Some exemptions to the duty free rule can be applied on a case by case basis by member Countries on sensitive goods (e.g.: wheat flour) 5 Source: Press Search
Rwanda's immediate proximity market counts 60 Mn+ people... Rwanda's proximity market population, 2016 (Mn people) Mn people 2 60 11 60 11 40 16 20 20 0 Eastern DRC Western Rwanda Burundi Southern Total Tanzania 1 Uganda 2 1. 8 westernmost regions: Kagera, Kigoma, Mwanza, Shinyanga, Tabora, Rukwa, Mbeya, Singida 2. 7 southernmost districts: Rakai, Mbarara, Kabale, Kisoro, Rukungiri, Bushenyi, Masaka 6 Source: The World Bank; Interviews with Local Champions; Press Search
Rwanda is increasingly connected globally and within Africa; enabling exports and travel for business and leisure Amsterdam London Brussels Istanbul New York Beijing Doha Abuja Dubai Guangzhou Lagos Mumbai Cotonou Addis Ababa Juba Cyangugu Abidjan Entebbe Accra Douala Nairobi Mombasa Libreville Dar Es Salaam Kilimanjaro Brazzaville Lusaka Bujumbura Harare Kamembe Johannesburg Existing direct connections to Kigali Cape Town Planned direct connections to Kigali 7 Source: Rwanda Civil Aviation Authority, Expedia
Population increasingly fluent and/or bi-lingual in Western language Western languages more prominent Number of people fluent at language (aged 16 and above) Rwandans under 30 years old twice as likely to have fluency than those over 65 years old 4.47M Total for Rwanda English as instruction language (from lower Urban population only primary onwards) was introduced in 2008 Government of Rwanda is taking action 1.60M to further improve language education 0.97M In 2012, Mentor Program introduced to 0.75M 0.59M 0.54M 0.40M support use of English in the classroom 0.26M In 2014, RTEP was established to send Kinyarwanda French English All 3 Rwandan teachers to the US for training Note: "All 3" means Kinyarwanda, French & English 8 Source: Rwanda Population and Housing Census
Identifying talent: Readily available skills base of ~47,000 graduating students per year Top tier universities have established Breakdown of total branches in Rwanda 2k 47k ICT: ~2,500 18k Sciences: ~1,200 Engineering: ~2,600 7k Business & Law: ~2,200 20k Agri: ~2,700 Health: ~7,700 Education: ~7,400 Arts: ~1,200 VCT Polytech Undergrad Graduate Total Social sciences: ~19,400 Note: VCT = vocational training (up to three 3 years); Graduate includes advanced degrees, masters, PhD 9 Source: Rwanda Ministry of Education; UN
Rwanda, ready platform for business A resourced, connected platform 10
Enabling business environment for foreign investment Preferential corporate income tax rates Tax holidays 7-year corporate income tax 0% corporate income tax for 15% corporate income tax holiday for large projects in international companies for: strategic sectors i.e energy, planning to set up regional • Strategic economic exports, tourism, health, headquarters in Rwanda sectors i.e. energy, manufacturing and ICT transport, affordable housing, ICT , financial Minimum required Minimum required services investment of USD 50 Mn investment of USD 10 Mn • Businesses that export more than 50% of annual turnover of goods and services 11
Other fiscal incentives Non-fiscal incentives • Accelerated depreciation of 50% • Quick business and investment in the first year of asset use for online registration key priority sectors i.e. tourism, • Assistance with tax-related energy, construction, services and exemptions Other manufacturing, agro-processing, • Assistance to access utilities incentives transport etc. (water & electricity) • Exemption of capital gains tax • Assistance with obtaining visas (fiscal & on sale or transfer of shares. and work permits non-fiscal) • Repatriation of capital and • One stop center that provides assets. notary services • Fast tracking of VAT refunds • Provision of Aftercare services to • Customs duty exemption for fast track project special economic zone users implementation 12
A wide range of investment opportunities in Rwanda's economic sectors Agriculture and agro- BPO and ICT Knowledge Finance Tourism processing Manufacturing Mining and quarrying Energy/water Infrastructure Housing/real estate 13
Brownfield opportunities Sector Project name Short description Establishing training center in A center to provide employable skills Knowledge ready for growing market in Rwanda Hospitality and the region. Establishing training center in A center specifically on training in IT ICT( Coding, software programming development) Invest in establishing plants to Construction Materials produce ceramic tiles, sanitary ware, float Glass, and wood processing. Invest in processing plants to smelt Mining Value Addition Manufacturing cassiterite into tin, refining wolframite and tantalite into tungsten and tantalum. Assembly of consumer electronics Invest in assembly plants of electronics eg. Phones, home appliances etc 14 Note: more details available upon request
Brownfield opportunities Sector Project name Short description Rutsiro honey production & Honey production and processing Honey facility (potential acquisition) processing Existing flower farm: phase 1 (20ha) Bella flowers project in operation and expansion on going on phase 2 (20ha) Horticulture 7ha already identified and dedicated Kigali wholesale market to project Existing fish farming operations with Aquaculture Kigembe fish farm potential for expansion 15 Note: more details available upon request
For more information, please contact RDB at Rwanda Development Board (RDB) KN 5 Rd, KG 9 Ave P .O. Box 6239, Kigali, Rwanda Get started today Tel (Local): 1415 Tel (International): +250 727775170 General Information: info@rdb.rw Investment-related queries: investorfeedback@rdb.rw Online Business Registration: http://org.rdb.rw/busregonline 16
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