Over the past two decades, Rwanda has emerged as one of Africa’s fastest-growing economies, achieving remarkable progress under President Paul Kagame‘s visionary leadership. Rwanda’s success spans multiple sectors, including technology, agriculture, and infrastructure. The government’s emphasis on good governance, anti-corruption initiatives, and business-friendly policies has attracted substantial foreign investment, driving impressive GDP growth.
Rwanda’s strategic investments in ICT have positioned it as “Africa’s Silicon Valley.” The Kigali Innovation City exemplifies the nation’s ambition to become a regional technology hub. Moreover, significant efforts in poverty reduction and education have notably improved the standard of living for many Rwandans. Despite ongoing challenges, Rwanda’s resilient and innovative approach has established it as a model for sustainable development in Africa.
In an exclusive conversation with The Interview World at the Commonwealth Champions Conference organized by ASSOCHAM, Mukangira Jacqueline, High Commissioner of the Republic of Rwanda in India, highlighted how Rwanda is leveraging its Commonwealth membership to boost trade and investment among member nations.
Furthermore, she underscored key developments that have shaped the trade and investment relationship between India and Rwanda over the past decade, shared insights into Rwanda’s leadership in gender equality, and elaborated on opportunities across various sectors. She also envisions how Rwanda-India relations will evolve over the next decade. Here are the key takeaways from her insightful interview.
Q: How is Rwanda leveraging its position within the Commonwealth to enhance trade and investment opportunities among member nations?
A: Rwanda is the safest country in Africa, with a strong and unwavering commitment to eradicating corruption. Our zero-tolerance policy ensures a stable and transparent environment that fosters trust and security for both citizens and investors. Rwanda is brimming with diverse investment opportunities across multiple sectors, including agriculture, agro-processing, infrastructure, manufacturing, real estate, financial services, tourism, education, and healthcare. These sectors also present lucrative prospects for investors seeking to tap into a rapidly growing economy.
For Indian citizens holding valid passports, visiting Rwanda is now more convenient than ever. There is no longer a need to visit our High Commission in Shantiniketan to obtain a visa. Travelers can simply book their flights and enjoy the benefit of a one-month free visa on arrival. This visa-on-arrival policy is extended to all Commonwealth member states, La Francophonie member states, and African nations, further simplifying access to our vibrant country.
Q: Can you elaborate on the key milestones and developments that have shaped the trade and investment relationship between India and Rwanda over the past decade?
A: Rwanda proudly hosts over 100 Indian companies, flourishing across a range of sectors. Their success highlights the exceptional business environment we offer. We are eager to attract even more Indian investors to our country. Furthermore, Rwanda provides an inviting climate for business, characterized by safety and a robust stance against corruption. With our unwavering commitment to maintaining a corruption-free environment, investors can confidently establish and grow their enterprises here. Rwanda’s stability, coupled with its conducive investment climate, makes it an ideal destination for businesses seeking both security and integrity in their operations.
Q: What strategies and policies have contributed to Rwanda’s high ranking in gender equality?
A: Rwanda has emerged as the global leader in gender equality and women’s empowerment. The Rwandan parliament boasts an impressive 63.75% female representation, the highest proportion worldwide. In Rwanda, women truly reign supreme. Indeed, women are the sovereigns here.
Q: What key sectors in Rwanda present the most promising opportunities for Indian businesses?
A: As mentioned earlier, my country presents a wealth of investment opportunities across diverse sectors. Key areas include agriculture and agro-processing, infrastructure, manufacturing, real estate, financial services, education, health, tourism, mining, and cybersecurity. Each sector comes with its own set of incentives, tailored to attract specific investments.
In our country, investors are highly valued. We warmly invite investors to visit Rwanda and explore the abundant opportunities available.
Q: What is your long-term vision for strengthening and evolving the India-Rwanda partnership over the next decade?
A: Rwanda and India share a robust bilateral relationship, characterized by extensive collaboration across numerous bilateral and multilateral platforms. Both nations have engaged in high-level visits, underscoring our commitment to strengthening ties. Notably, Prime Minister Modi visited Rwanda in July 2018, marking a significant moment in our diplomatic history.
President Paul Kagame of Rwanda has visited India five times, further cementing our partnership. Our cooperation spans diverse sectors, including agriculture, irrigation, defense and security, education, and health. We are committed to elevating our bilateral relations to new heights, advancing our mutual interests and fostering deeper collaboration.
