Rwanda has, for the last two decades, redefined itself as one of the top business, technology and tourism hubs of East Africa. It has consistently become a reference in Africa for good governance, political stability, well-functioning institutions, minimal corruption levels and ICT promotion.
The World Economic Forum’s Global Competitiveness Report released in September 2017 ranked Rwanda the most competitive economy in East Africa, and second in the continent. The country has maintained an average GDP growth rate of 7% since 2004 and has been rated by Fitch Ratings with a B+ outlook, citing strong economic growth.
According to a recent report published by the World Economic Forum, Rwanda is ranked as the safest place in Africa and the 9th safest country in the world, ahead of countries such as Portugal, Sweden and New Zealand.
Rwanda is fast emerging as East Africa’s convention capital. With state-of-the-art facilities, flexible meeting options and a convenient location, the award-winning Kigali Convention Centre continues to be a magnet for global and regional events. It has recently been chosen to host the next Commonwealth Heads of Government Summit in 2020.
Rwanda tops its East African peers as the country with the most conducive environment for enabling its citizens to obtain access to financial services. The country has also recently enabled such transfers, ahead of a planned crossborder interoperable mobile money system that would connect EAC member states. Legislation for start-ups in Kigali is also strong and supportive, prompting significant growth in the FinTech sector.