Rwanda to Earn $860 Million from Tourism by 2016 Filed in: tourism, rwanda
The Rwanda Development Board (RDB) recently announced its plan to increase the country’s tourism revenues to $860 million from last year’s $293 million. According to Ventures Africa, Rwanda has enjoyed a spike in tourism in the past decade so much so that the industry is one of the...
Investment in Africa Continues to Gain Traction in the US Filed in: fdi, investment, africa
As an example of how Americans are increasingly seeing the opportunities present south of the Sahara, Minnesota’s Star Tribune newspaper recently reported on the continued engagement of the state’s business sector with the region. “As a giant middle class gradually rises across Africa...
Rwanda Named Most Competitive Economy in East African Region Filed in: rwanda, economic development
This year’s Global Competiveness Index named Rwanda the most competitive economy in the East African region. Kenya claimed the number two spot. The index, released annually by the World Economic Forum, ranks the world’s economies based on twelve “pillars of competitiveness.” These pillars include:...
World Bank cuts Rwanda’s 2014 Growth Forecast Filed in: economy, rwanda
Reuters reported on Thursday that the World Bank cut Rwanda’s 2014 growth forecast from 7.2 percent to 5.2 percent. The cut is due to slow spending on energy and transport as well as a slowdown on private sector credit. “Investment in energy and transport would spur the private sector and...
After the US-Africa’s Leaders’ Summit Filed in: rwanda, economy
The U.S. – Africa Leaders Summit held in Washington, D.C. at the beginning of August, resulted in around $33 billion of pledges from American businesses. However, as the Wall Street Journal notes, the success of the summit won’t be measured in a dollar amount “but by...
Bloomberg: Rwanda Plans $1 Billion Bond Filed in: investment, rwanda
Building on the success of the $400 million bond issued last April, Rwanda is planning to sell its second international bond of up to $1 billion to fund the construction of an airport and power plants. Read article here.