Rwanda Be part of something special 0 Rwanda at a glance - - PowerPoint PPT Presentation

Invest in Remarkable Rwanda

Be 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

2nd

in Africa for doing business

6 hrs

to register business (fastest in East Africa)

1st

in Africa for govt. transparency

5th

safest country to walk at night in the world

3rd

in the world for women in parliament

4th

in the world for gender equality

1st

African MICE destination

95%

network coverage by 4G fibre

2nd

in the world for ICT promotion

1st

in Africa for network readiness

1st

most 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% 100 20 40 80 60 38% 4%

%

2005 2016 Agriculture Industry Services Subsidies 5%

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.

• ther 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

60 2 11 11 16 20 20 40 60 Total Southern Uganda2 Western Tanzania1 Mn people Eastern DRC Burundi Rwanda

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

Entebbe Abidjan Accra Cotonou

Johannesburg

Bujumbura Brazzaville Nairobi Dar Es Salaam Kilimanjaro Mombasa

New York Beijing Mumbai

Existing direct connections to Kigali Planned direct connections to Kigali

Source: Rwanda Civil Aviation Authority, Expedia

Cape Town

Harare Lusaka Kamembe Libreville Douala Lagos Abuja

Guangzhou

Cyangugu Juba

Istanbul

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All 3 0.40M English 0.59M 0.97M French 0.54M 0.75M 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 18k 47k Total 2k Graduate Undergrad

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 business

A 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
• n 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
• nline 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 estate Manufacturing Tourism BPO and ICT Agriculture 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

• n 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