Rwanda: Why Rwanda Is Attracting Increased Investments

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For e-mobility company BasiGo, Rwanda is an ideal place for its investment. The firm has a commitment to delivering 200 electric buses to Rwanda by 2025, with an outlay of $40 million, company executives say.

The development is towards having cleaner and greener streets in the country as the company intends to contribute to the creation of a sustainable, and inclusive public transport ecosystem in Rwanda, the firm indicated.

In 2021, it enacted what Orishaba described as one of the most favourable e-mobility policies in sub-Saharan Africa. On the other hand, investors committed to invest $128.4 million in financial and insurance activities, and $103.8 million in electricity, gas, steam and air conditioning supply services.The sectors that the programme targets are some of the sectors that attracted the most investments last year.

"It was an excellent platform to attract potential investors," RDB said in a statement, adding that the Rwanda-Dubai trade mission organised on December 4, 2023, and the Rwanda-Dubai business forum that took place in 2022 contributed to enticing investors from Dubai.

 

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