The economy of Rwanda continues to grow and this year Rwanda has moved up four places this year to 62nd position from 66th position last year, according to the World Economic Forum Global Competitiveness Index (GCI). This makes Rwanda the most competitive country in the East African Community and third most competitive country in the sub-Saharan African region after Mauritius which ranks 1st and South Africa which ranks 2nd. The World Economic Forum analyzed of 144 countries the competitiveness based on:
· Factor driven requirements (institutions, infrastructure, macroeconomic environment, health and primary education);
· Efficiency enhancers (higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness & market size)
· Innovation and sophistication factors (business sophistication & Innovation).
Following the World Bank Report of 2014 Rwanda is the most improved economy worldwide since 2005 (sustained growth rate of 7%-8% since 2003) and the World Bank Doing Business Report ranked Rwanda as 32nd out of 189 countries (1st in East African Community and 3rd in Sub Sahara region).
Trade Mission 11-13 November 2014
Next month Dutch Minister Ploumen (International Trade & Development Cooperation) and Minister Dijksma (Economic Affairs / Agriculture) are heading a delegation of Dutch investors on a trade mission to Rwanda, where the following promising sectors in Rwanda have been defined:
· Agribusiness (including dairy, potatoes, flowers and seeds, and the processing industry)
· Renewable energy
· Infrastructure, construction (among others airports). With the construction of a new airport in 2017, Rwanda should be a regional player in the field of aviation and logistics. The investments sums up to € 650 million. This offers opportunities for Dutch businesses.
More information on Business& Investment opportunities in Rwanda: http://www.netherlands.embassy.gov.rw/index.php?id=256
Trade Mission 11-13 November:
