China, India leading foreign investors in Rwanda

Modern city centre of Kigali, capital of Rwanda

China and India lead foreign investors in Rwanda in 2022, the country’s Development Board (RDB) said in an annual report.

The report explains that Rwanda attracted investments worth $1.6 billion in 2022 and that $182.4 million (11.2%) of the amount came from China, in 49 projects. India ranked second with an investment portfolio of $151 million, or 9.2%, with 36 projects.

According to the report, the majority of the investments came from the Asian continent with a total of $330.4 million that were injected in 84 initiatives, outpacing Europe ($226 million and 31 projects).

Behind Europe, Africa emerged in 2022 as the third continental investor in Rwanda. A total investment of $189.3 million (11.6%) and 78 projects in the country came from the continent.

South Africa ($41.6 million, or 2.5%) and Kenya ($35.8 million, 2.2%) are leading the way.

About Khalid Al Mouahidi 4385 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network