Rwanda: Investment Climate Statement 2015

The Government of Rwanda (GoR) understands that private sector development is critical if Rwanda is to achieve its aim of reaching middle-income status by 2020, and reducing the country's reliance on foreign aid. Over the past decade, the GoR has undertaken a series of pro-investment policy reforms intended to improve the investment climate, expand trade in products and services, and increase levels of foreign direct investment.Rwanda enjoys strong economic growth-which averaged 7 percent annually from 2010 to 2014-high rankings in the World Bank's Doing Business report (#46 out of 189 countries in 2015, third best in Africa behind Mauritius and South Africa), and a reputation for low corruption. The country presents a number of opportunities for U.S. and foreign direct investment, including in clean and renewable energy, infrastructure, agriculture, tourism, mining, and information and communications technology.