Invest in Remarkable Rwanda - WTC Mumbai1 Rwanda at a glance Population size 12.1 million Official...
Transcript of Invest in Remarkable Rwanda - WTC Mumbai1 Rwanda at a glance Population size 12.1 million Official...
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Invest in Remarkable
RwandaBe part of something
special
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Rwanda at a glance Population size
12.1 million
Official languages
Kinyarwanda, French, English, Swahili
Literacy/Employment
70.5% / 83.3%
Currency/exchange rate
Rwanda Francs (RWF)
~RWF 847/USD
Govt. & Parliament
Presidential republic
Bicameral parliament
GDP per capita
USD 729 per capita
GDP (6 yr growth)
USD 8.1bn (7.3% p.a.)
Ratings
B+, “stable” - Fitch
B, “stable” - S&P
Sources: World Atlas, World Bank, Fitch, S&P - all 2016 except: population and Fitch rating 2017, exchange rate 2018
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Rwanda, incredible success story of Africa
2nd
Sources: UN (UN-HDI), World Bank, WEF, Global and Africa Competitiveness Report, ICCA, Global Gender Gap report, Gallup, ICCA, RDB, BSC (majority 2017)
fastest growing economy in Africa
2ndin Africa for doing business
6 hrsto register business (fastest in East Africa)
1stin Africa for govt. transparency
5thsafest country to walk at night in the world
3rd
in the world for women in parliament
4thin the world for gender equality
1st
African MICE destination
95%network coverage by 4G fibre
2ndin the world for ICT promotion
1stin Africa for network readiness
1stmost improved nation in the world
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Economic Transformation from predominant agriculture to services and industry
Services now
account for
about half of
all economic
activity – yet
agriculture
still a key
sector
14%17%
44%48%
30%
0
100
20
40
80
60
38%
4%
%
2005 2016
Agriculture
Industry
Services
Subsidies5%
Source: RDB
Breakdown of Rwanda's GDP by sector (%)
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Rwanda has privileged access to markets via four diverse free trade agreements
EAC free trade agreement
East African Community
COMESA free trade agreement
Common Market for Eastern and Southern Africa
Regional agreements Intercontinental agreements
Everything but Arms agreement
European Union
AGOA free trade agreement
United States of America
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... and can be accessed duty free with a logistics advantage vs. other regional capitals
Full duty free access1 to proximity markets thanks to free trade agreements
• EAC membership (Uganda, Tanzania, Burundi)
• COMESA membership (DRC)
Kigali
Kinshasa
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) Source: Press Search
Rwanda
DRC
Uganda
Tanzania
Rwanda's preferred access
Burundi
Dar-Es-Salaam
Kampala
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Rwanda's immediate proximity market counts 60 Mn+ people...
1. 8 westernmost regions: Kagera, Kigoma, Mwanza, Shinyanga, Tabora, Rukwa, Mbeya, Singida 2. 7 southernmost districts: Rakai, Mbarara, Kabale, Kisoro, Rukungiri, Bushenyi, Masaka
Source: The World Bank; Interviews with Local Champions; Press Search
60211
11
16
20
0
20
40
60
TotalSouthern
Uganda2
Western
Tanzania1
Mn people
Eastern DRC BurundiRwanda
Rwanda's proximity market population, 2016 (Mn people)
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Rwanda is increasingly connected globally and within Africa; enabling exports and travel for business and leisure
Amsterdam
Brussels
London
Dubai
Addis Ababa
Doha
EntebbeAbidjanAccra
Cotonou
Johannesburg
BujumburaBrazzaville
Nairobi
Dar Es SalaamKilimanjaro
Mombasa
New YorkBeijing
Mumbai
Existing direct connections to Kigali
Planned direct connections to Kigali
Source: Rwanda Civil Aviation Authority, Expedia
Cape Town
Harare
Lusaka
Kamembe
Libreville
Douala
LagosAbuja Guangzhou
CyanguguJuba
Istanbul
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All 3
0.40M
English
0.59M0.97M
French
0.54M0.75M
Kinyarwanda
1.60M
4.47M
0.26M
Urban population only
Total for Rwanda
Number of people fluent at language (aged 16 and above)
Population increasingly fluent and/or bi-lingual in Western language
Rwandans under 30 years old twice as likely
to have fluency than those over 65 years old
English as instruction language (from lower
primary onwards) was introduced in 2008
Western languages more prominent
Note: "All 3" means Kinyarwanda, French & English
Source: Rwanda Population and Housing Census
In 2012, Mentor Program introduced to
support use of English in the classroom
In 2014, RTEP was established to send
Rwandan teachers to the US for training
Government of Rwanda is taking action
to further improve language education
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Identifying talent: Readily available skills base of ~47,000 graduating students per year
Polytech
20k
VCT
7k
18k47k
Total
2k
GraduateUndergrad
Top tier universities
have established
branches in Rwanda
Note: VCT = vocational training (up to three 3 years); Graduate includes advanced degrees, masters, PhD
Source: Rwanda Ministry of Education; UN
Breakdown of total
ICT: ~2,500
Sciences: ~1,200
Engineering: ~2,600
Business & Law: ~2,200
Agri: ~2,700
Health: ~7,700
Education: ~7,400
Arts: ~1,200
Social sciences: ~19,400
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Rwanda, ready platform for businessA resourced, connected platform
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Enabling business environment for foreign investment
7-year corporate income tax
holiday for large projects in
strategic sectors i.e energy,
exports, tourism, health,
manufacturing and ICT
Minimum required
investment of USD 50 Mn
Tax holidays
0% corporate income tax for
international companies
planning to set up regional
headquarters in Rwanda
Minimum required
investment of USD 10 Mn
15% corporate income tax
for:
• Strategic economic
sectors i.e. energy,
transport, affordable
housing, ICT, financial
services
• Businesses that export
more than 50% of annual
turnover of goods and
services
Preferential corporate income tax rates
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Other fiscal incentives
• Accelerated depreciation of 50%
in the first year of asset use for
key priority sectors i.e. tourism,
energy, construction,
manufacturing, agro-processing,
transport etc.
• Exemption of capital gains tax
on sale or transfer of shares.
• Repatriation of capital and
assets.
• Fast tracking of VAT refunds
• Customs duty exemption for
special economic zone users
Other
incentives
(fiscal &
non-fiscal)
Non-fiscal incentives
• Quick business and investment
online registration
• Assistance with tax-related
services and exemptions
• Assistance to access utilities
(water & electricity)
• Assistance with obtaining visas
and work permits
• One stop center that provides
notary services
• Provision of Aftercare services to
fast track project
implementation
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Housing/real estateManufacturing
TourismBPO and ICTAgriculture and agro-processing
A wide range of investment opportunities in Rwanda's economic sectors
Mining and quarrying Energy/water Infrastructure
Knowledge Finance
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Brownfield opportunities
Knowledge
Manufacturing
Establishing training center in
Hospitality
Establishing training center in
ICT( Coding, software
development)
Construction Materials
A center to provide employable skills
ready for growing market in Rwanda
and the region.
A center specifically on training in IT
programming
Invest in establishing plants to
produce ceramic tiles, sanitary ware,
float Glass, and wood processing.
Sector Project name Short description
Note: more details available upon request
Mining Value Addition Invest in processing plants to smelt
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
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Brownfield opportunities
Honey
Horticulture
Aquaculture
Rutsiro honey production &
processing
Bella flowers project
Kigali wholesale market
Kigembe fish farm
Honey production and processing
facility (potential acquisition)
Existing flower farm: phase 1 (20ha)
in operation and expansion on going
on phase 2 (20ha)
7ha already identified and dedicated
to project
Existing fish farming operations with
potential for expansion
Sector Project name Short description
Note: more details available upon request
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Get started today
For more information, please contact RDB at
Rwanda Development Board (RDB)
KN 5 Rd, KG 9 Ave
P.O. Box 6239, Kigali, Rwanda
Tel (Local): 1415
Tel (International): +250 727775170
General Information: [email protected]
Investment-related queries: [email protected]
Online Business Registration: http://org.rdb.rw/busregonline