EAC’s landlocked country reveals ease of doing business in Business

20Mar 2017
The Guardian Reporter
The Guardian
EAC’s landlocked country reveals ease of doing business in Business

Close to 100 Kenyan business tycoons honoured an invitation by the Rwandan High Commission to Kenya with their presence in Nairobi when they attended the business forum on Wednesday.

Rwandan High Commission to Kenya was in the country with an aim of presenting business and investment opportunities available in Rwanda.

Speaking at the forum, Rwanda’s High Commissioner to Kenya, James Kimonyo, said that the event is an opportunity to showcase what Rwanda has done to create an attractive environment which made the country a favourable investment destination in the region.

“Despite the dark past Rwanda went through, we have moved on and are ready to proudly be part of the community of nations that every investor wants to come to,” he said.

He added that the visionary and transformational leadership of President Paul Kagame has continued to ensure stability of the country, business reforms that attract investors from near and far to invest significantly in the country.

“Rwanda seeks economic development and long-term transformation by unleashing the potential of her citizens to be more productive and through beneficial partnerships with the private sector.” Kimonyo said.

Whilst acknowledging that Rwanda was a landlocked nation, Ambassador Kimonyo said that the Government is heavily investing in air transport and that the construction of the new state of the art International Airport is currently underway in Bugesera District.

In her presentation, Glory Kayijuka Mbabazi, the Second Counsellor at the High Commission outlined various business opportunities in the country including in the mining sector, manufacturing, packaging as well as tourism.

The manufacturing sector in Rwanda has been experiencing steady growth and growing at annual rate of 7 per cent with a target to increase industrial contribution to GDP to 26 per cent by 2020.

“Rwanda provides healthcare for all and this has created huge demand for pharmaceuticals and herein lays a great opportunity to invest,” she said.

Speaking about the experience of KCB Group as one of leading investors in Rwanda, David Kitheka, the head of investor relations at the bank said that the government efforts to make ICT a basic need in Rwanda made it easy for them to reach as many Rwandans as possible with different banking services.

“The ICT infrastructure in Rwanda made it easier for us to penetrate the unbanked population. In fact our first agency banking was rolled out in Rwanda with much success,” Kitheka said.

With headquarters in Kenya, KCB (Kenya Commercial Bank) is one of the biggest commercial banks in the region.