Donation Amount. Min £2

 

KIGALI, Feb. 11 (Xinhua) -- Rwanda recorded a decline of 47.1 percent of investments in 2020, from 2.46 billion U.S. dollars in 2019 to 1.3 billion dollars, Rwanda Development Board (RDB) said in a statement on Thursday.

RDB attributed the decline to the COVID-19 pandemic that affected the global economy. According to the statement, real estate and construction and manufacturing accounted for 48 percent and 20 percent respectively of investments in 2020, and other sectors that attracted significant investments included agriculture, information communication technology (ICT), energy, mining and financial services.

Foreign direct investments contributed 51 percent of the total investments registered in 2020, while joint ventures and local investments contributed 29 percent and 20 percent, respectively, it said.

"The year 2020 was challenging for investment and business in general. Despite the global economic slowdown resulting from the COVID-19 pandemic, Rwanda registered significant investments in key sectors of our economy," said RDB CEO Claire Akamanzi in the statement.

The government of Rwanda is committed to supporting businesses recover through initiatives like the economic recovery fund.

However, the investment arm of the Rwandan government last week said 24 more companies from China were registered in Rwanda last year, bringing in investments totaling 300 million U.S. dollars. - Xinhua

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

Gachagua’s advice to Samidoh as he joins engagement forum with Kenyans in the US

Gachagua’s advice to...

DCP Party leader Rigathi Gachagua and Musician Samidoh Muchoki Former Deputy President Rigathi Gach...

‘I felt I was being gaslit’ – the landlord who helped Rayner Winn and Moth

‘I felt I was being...

‘I felt I was being gaslit’ – the landlord who helped Rayner Winn and Moth In 2018, the illustrated...

Karua: I am not going for anything less than the presidency

Karua: I am not goin...

People’s Liberation Party leader Martha Karua addressing Kenyans in the diaspora at Seattle, USA on...

Chinese firm to upgrade key road linking central and northern Uganda

Chinese firm to upgr...

Ugandan President Yoweri Museveni has launched the upgrade of an 87.6-kilometer road, including the...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.