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.