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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: info@rdb.rw

Investment-related queries: investorfeedback@rdb.rw

Online Business Registration: http://org.rdb.rw/busregonline