Rwanda has an open regime to FDI, and the Government has embarked upon an ambitious programme to modernize the investment framework. The aim is to provide a framework that both promotes investment and protects national interest.
Although progress realized so far is impressive given the situation inherited in 1994, much remains to be done to upgrade the entire framework. A number of recommendations are offered to transform Rwanda into a centre of excellence in soft infrastructure and governance and to set up a skills attraction and dissemination programme. These two elements would be central to the strategy of turning Rwanda into an attractive business location and for correcting the image of the country abroad.
The strategy to enhance the role of FDI in achieving national development goals. Medium- and long-term constraints to FDI attraction are highlighted and likely foreign investors are identified, together with their probable market focus. The strategy proposes to mitigate the impact of hard infrastructure constraints by turning the country into a centre of excellence in soft infrastructure and governance in Africa by 2010.
It also highlights that Rwanda would most benefit from attracting skilled individual foreign investors to bridge the skills gap and ensure a transfer a competence, and proposes to establish a business talent scheme. In addition to "horizontal" measures to promote business development, the strategy suggests a number of sectoral policy packages to improve investment conditions and advance the process of economic transformation and wealth creation.
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