ABOUT RWANDA

Construction and real estate sectors are key sectors and potential drivers of economic growth in Rwanda, mainly due to the high demand for residential and commercial buildings for the business community.

Country  Profile:
The total population in Rwanda was last recorded at 12.3 million people in 2015.
The Gross Domestic Product (GDP) in Rwanda was worth 7.89 billion US dollars in 2014.

Rwanda Economic Outlook:
Rwanda registers 7.8% economic growth in 2014!
Rwanda is one of the fastest growing economies in Central Africa and has achieved impressive development progress since 1994.
The Rwandan Government is seeking to become regional leader in development. In 2012, Rwanda completed the first modern Special Economic Zone (SEZ) in Kigali. The SEZ seeks to attract investment in all sectors, but specifically in agribusiness, information and communications technologies, trade and logistics, mining, and construction.
Rwanda’s main import commodities are foodstuffs, machinery and equipment, steel, petroleum products, cement, construction materials and hygiene products.
Rwanda has made substantial progress in stabilizing and rehabilitating its economy to pre-1994 levels. GDP has rebounded with an average annual growth of 7%-8% since 2003 and inflation has been reduced to single digits.

Construction Sector:
Construction and real estate sectors are key sectors and potential drivers of economic growth in Rwanda, mainly due to the high demand for residential and commercial buildings for the business community.
Total Housing needs in Kigali alone reaches 458,265 units (2013-2022).
Rwanda understands the importance of infrastructure in the development of a competitive private sector. To this end the government continues to invest heavily in infrastructure. Almost a tenth of Rwanda’s annual budget is committed to transport and other infrastructure. To develop a vibrant private sector, Rwanda is investing in Roads, Rail and water transport infrastructure with the intent of dramatically reducing the cost of transport to businesses and individuals.
Due to the rapid growth of the construction sector in Rwanda as demonstrated by growth in construction spending: USD 300 Million (2008) to over USD 500 Million (2011) there has been a corresponding increase of demand for construction materials.
Steel products including – iron bars (rebars), roofing sheets and hollow sections, ridges and gutters
Float construction glass
Clay products including – roofing tiles, floor ceramic tiles, bricks and paving blocks
Electrical Cables sector profiles
Electrical Cables investment opportunity


Major Profitable Investment Areas:

1)    Construction and Building Materials
2)    Housing and Commercial Retails (furniture, housewares)
3)    Pharmaceutical Drugs
4)    Agriculture & Technologies
5)    Packaged  food products
6)    Textile, Ready-made clothes, shoes
7)    Hygiene & Cosmetic
8)    Fertilizers