7 February 2013

Rwanda Launches Electronic Investment Guide

The iguide, an electronic directory containing all up-to-date information a potential investor would need to do business in Rwanda has gone online - a development that aims to make the country's investment climate even more friendly.

Put together by the Rwanda Development Board (RDB) with support from the United Nations Conference on Trade and Development (UNCTAD), www.theiguides.org/rwanda has information such how to register a company, acquire land, labor laws, tax regime and other production factors among others. It also contains investment opportunities available in the country. The information is complete with relevant institutions to be contacted, legal documents as well as officials responsible.

"This is another indication that Rwanda is very open to business," said Tony Nsanganira, the chief operations officer of RDB during the launch in Kigali on February 7.

Rwanda is ranked the 52nd best country to business in the world, according to the World Bank's Doing Business Report 2013. Together with Mauritius, South Africa, Tunisia and Botswana, Rwanda is one of the only six African countries to make it to the top 60 out of the 185 countries surveyed by the World Bank.

The launch of the iguide is expected to make it even easier for any potential investor to set up in the country as it eliminates the need to move from one website to another in search of information. "It is a one-stop place for investment information about Rwanda," said Lamin M. Manneh, the UN resident coordinator.

He hailed Rwanda for continued innovations aimed at making the country the best place for business to operate. "It is because of this that Rwanda is pushing ahead of other countries in Africa in attracting investments," he said.

Lamin said that with such innovations, Rwanda's "ambitious" economic target of becoming a middle income country by 2020 is achievable.

"In order to achieve the targets, it requires high quality investments, support and targeted innovations such as iguide," he said.

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