Rwanda seeks investments for major projects

KIGALI, March 26 (Xinhua) -- Rwanda is looking for massive foreign and local investments for the multi-million dollar projects lined up to spur economy growth, said Rwanda Development Board (RDB) on Tuesday in Kigali, capital of Rwanda.

"Rwanda is safe and open for business and we have many investment opportunities in several sectors of the economy," RDB's chief investment officer Guy Baron said at a panel session dubbed "Invest in Rwanda" on the 7th Africa CEO Forum.

"The country offers conducive environment for investors to do business," Baron said.

He highlighted some major multi-million dollar projects in Rwanda that requires heavy investments, including Kigali Innovation City at the value of 315 million U.S. dollars, and Kigali City Duty Free Mall of 100 million dollars.

"Rwanda is at the crossroads of the continent and has great fundamentals. The country has been on several occasions ranked high by the World Bank's doing business report," he said.

Rwanda continues business reforms to boost investment and private sector growth, according to Emmanuel Hategeka, deputy CEO of RDB.

Rwanda registered investments worth about 2 billion dollars in 2018, according to RDB.

The latest doing business report ranks the landlocked country the 29th out of 190 countries in ease of doing business.