{"id":71349,"date":"2024-04-27T06:47:53","date_gmt":"2024-04-27T06:47:53","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors"},"modified":"2024-04-27T13:02:39","modified_gmt":"2024-04-27T13:02:39","slug":"as-investment-commitments-rise-beware-of-overpromising-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors","title":{"rendered":"As investment commitments rise, beware of overpromising investors"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>Rwanda attracted investment commitments worth $2.5 billion in 2023, a 50 per cent increase compared to $1.6 billion recorded in 2022, the latest annual report from the Rwanda Development Board (RDB) shows.<\/p>\n<p>The commitments were made mainly by investors from India, United Arab Emirates (UAE), Germany, Mozambique, Nigeria, China, Eritrea, Mauritius, as well as domestic investors.<\/p>\n<p>These investment commitments could transform almost every field of the economy \u2013 from real estate, manufacturing, the creative industry, to the hospitality, financial services, and agro-processing sectors.<\/p>\n<p>These trends are proof that Rwanda remains a preferable destination for foreign investors even as countries struggle to shore up their economies in the face of the post-COVID19 pandemic effects, twin wars in Ukraine and Palestine, and rising inflationary pressures.<\/p>\n<p>However, as Rwanda continues to attract investors, authorities should be aware of overpromising and under delivering investors. The investors make promises that are sometimes empty or they know too well that they won\u2019t deliver.<\/p>\n<p>There are several examples of such investors.<\/p>\n<p>AB Minerals Corporation, a Canadian mining firm, promised to build Africa\u2019s first coltan separation plant in Rwanda in 2016. The company failed to start the project and disappeared.<\/p>\n<p>Kenyan-owned firm DN International tricked people into putting down payments for a residential housing project. They were empty promises. Apex Biotech, another Bangladeshi-owned firm, said it would set up Rwanda\u2019s first plant for drugs. Those plans never came to life.<\/p>\n<p>It is one thing to entice investors, but it is another thing to make sure that they invest as promised. That means exercising ultimate due diligence and enforcing checks and balances.<\/p>\n<p>Investors usually overpromise because they anticipate they will benefit from a host of incentives that the government put in place. They will overstate their projections and inflate their metrics and use any tactic to win these benefits.<\/p>\n<p>There is nothing wrong with making projections about a product or project, but lack of transparency about your assumptions, business model, and path to execution is where the problem is.<\/p>\n<p>Authorities should know this better because failure to do that amounts to wasting taxpayers\u2019 money, which investors use every tactic to benefit from in the form of incentives.<\/p>\n<p><b>Source: The New Times<\/b><\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. Rwanda attracted investment commitments worth $2.5 billion in 2023, a 50 per cent increase compared to $1.6 billion recorded in 2022, the latest annual report from the Rwanda Development Board (RDB) shows. The commitments were made mainly by investors from India, United Arab Emirates (UAE), Germany, Mozambique, Nigeria, China, Eritrea, Mauritius, as [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":71348,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,761],"tags":[760,763,758],"class_list":["post-71349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>As investment commitments rise, beware of overpromising investors - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda attracted investment commitments worth $2.5 billion in 2023, a 50 per cent increase compared to $1.6 billion reco ...\" \/>\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\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As investment commitments rise, beware of overpromising investors\" \/>\n<meta property=\"og:description\" content=\"Rwanda attracted investment commitments worth $2.5 billion in 2023, a 50 per cent increase compared to $1.6 billion reco ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-27T06:47:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-27T13:02:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/04\/sm_1714189511.476065.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=\"2 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\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"As investment commitments rise, beware of overpromising investors\",\"datePublished\":\"2024-04-27T06:47:53+00:00\",\"dateModified\":\"2024-04-27T13:02:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors\"},\"wordCount\":378,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/04\/sm_1714189511.476065.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/as-investment-commitments-rise-beware-of-overpromising-investors\",\"name\":\"As investment commitments rise, beware of overpromising investors - 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