Clare Akamanzi, COO, Rwanda Development Board (RDB): New Investment Codes Set To Boost Economic Growth (Video)

New Investment Codes Set To Rwanda’s Boost Economic Growth
Bloomberg’s Eleni Giokos speaks to Clare Akamanzi, the Chief Operating Officer of the Rwanda Development Board (RDB), about the plans for new investment codes. The new investment codes will introduce derivatives trading to Rwanda’s capital market and help identify new key sectors of Rwanda’s economy.

Key sectors of Rwanda’s economy include financial services, which the development board hopes can help supplement Rwanda’s healthy tourism sector.

Rwanda is targeting a 20% increase in foreign direct investment (FDI) year-on-year. Tourism is a key foreign exchange earner for Rwanda; and Rwanda is targeting a 15% increase in tourism year-on-year. Rwanda is building special economic zones across the country to boost its industrial sector. The industrial sector is the fastest growing sector in Rwanda. Rwanda aims to establish a special economic zone in each of its provinces.