{"id":71155,"date":"2024-04-25T17:02:48","date_gmt":"2024-04-25T17:02:48","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/india-uae-top-rwandas-list-of-foreign-investment-in-2023"},"modified":"2024-04-25T17:51:19","modified_gmt":"2024-04-25T17:51:19","slug":"india-uae-top-rwandas-list-of-foreign-investment-in-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023","title":{"rendered":"India, UAE top Rwanda\u2019s list of foreign investment in 2023"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda Development Board (RDB) attracted and registered 513 projects worth $2.47 billion (approximately Rwf3.1 trillion) in investments in 2023, which represent a 50 per cent increase compared to $1.6 billion recorded in 2022.<\/p>\n

According to RDB\u2019s latest annual report, majority of the recorded investments came from India and United Arab Emirates (UAE).<\/p>\n

The registered investments are expected to generate more 40,198 jobs, with majority of employments beingcreated in manufacturing, agriculture, forestry, fishing, and real estate activities.<\/p>\n

The report indicated that 83.4 per cent of all investments or $2.1 billion, were directed to Kigali City, with the Eastern Province coming next, attracting 10.6 per cent ($262.9 million).<\/p>\n

The increase in investment commitments is attributed in large part to the Manufacture and Build to Recover Program (MBRP), a government initiative launched in 2022 to incentivize investors in the manufacturing, agro-processing and construction sectors.<\/p>\n

The programme aimed to reduce the cost of establishing industries; support existing firms looking to expand, and encourage investments in the planning and early implementation stages \u2013 to contribute to the country\u2019s effort to recover from the Covid-19 impact.<\/p>\n

Source of investments<\/p>\n

Investors from India, the top source of Rwanda\u2019s foreign investment, invested $175.2 million lastrepresenting 7.1 per cent of the total, while those from UAE invested some $138.2 million, which accounts for 5.6 per cent.<\/p>\n

Investments from Germany, Mozambique, and Nigeria were $131.5 million, $117.9 million, and $115.2 million, respectively.<\/p>\n

Chinese investors committed $79.1 million, while those from Eritrea and Mauritius committed $68.7 million and $65.3 million, respectively.<\/p>\n

Domestic investors made investment commitments worth $959.5 million, representing 38.8 per cent of the total investments recorded in 2023.<\/p>\n

Top sectors<\/p>\n

According to the report, the top sectors that attracted significant investments in the country in 2023 were real estate with slightly more than $350 million, manufacturing with $300 million, and arts entertainment, and recreation with over $270 million.<\/p>\n

Accommodation and food service activities attracted more than $223.6 million.<\/p>\n

Others were construction with $208.6 million, agriculture, forestry and fishing with slightly over $206 million, and administrative and support service activities with $173.2 million.<\/p>\n

On the other hand, agro-processing attracted $137 million, financial and insurance activities with $128.4 million, and electricity, gas, steam and air conditioning supply with $103.8 million.<\/p>\n

While the overall performance of 2023 was better than that of the previous year, it falls short of $3.74 billion that was registered in 2021, as per data from the report.<\/p>\n

The previous dip in investments to $1.6 billion in 2022, was attributed to a major economic impact of the Covid-19 pandemic in that year.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwanda Development Board (RDB) attracted and registered 513 projects worth $2.47 billion (approximately Rwf3.1 trillion) in investments in 2023, which represent a 50 per cent increase compared to $1.6 billion recorded in 2022. According to RDB\u2019s latest annual report, majority of the recorded investments came from India and United Arab Emirates (UAE). […]<\/p>\n","protected":false},"author":84,"featured_media":71154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,772],"tags":[760,763,758],"class_list":["post-71155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nIndia, UAE top Rwanda\u2019s list of foreign investment in 2023 - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda Development Board (RDB) attracted and registered 513 projects worth $2.47 billion (approximately Rwf3.1 trillion) ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India, UAE top Rwanda\u2019s list of foreign investment in 2023\" \/>\n<meta property=\"og:description\" content=\"Rwanda Development Board (RDB) attracted and registered 513 projects worth $2.47 billion (approximately Rwf3.1 trillion) ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T17:02:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-25T17:51:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/04\/sm_1714054350.565821.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"India, UAE top Rwanda\u2019s list of foreign investment in 2023\",\"datePublished\":\"2024-04-25T17:02:48+00:00\",\"dateModified\":\"2024-04-25T17:51:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023\"},\"wordCount\":407,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/04\/sm_1714054350.565821.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/india-uae-top-rwandas-list-of-foreign-investment-in-2023\",\"name\":\"India, UAE top Rwanda\u2019s list of foreign investment in 2023 - 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