The tiny landlocked nation of Rwanda is scripting a big story in India’s investment narrative, particularly among Gujarat’s vibrant business diaspora. Ambassador Jacqueline Mukangira credits this surge to deliberate policy overhauls that prioritize investor confidence and quick returns.
In an exclusive briefing, Mukangira dissected Rwanda’s appeal: a legal framework guaranteeing property rights, efficient dispute resolution courts, and incentives like 10-year tax holidays for pioneers in priority sectors. Gujarati investors, with their global footprint in over 100 countries, have zeroed in on Rwanda’s mineral-rich soils and burgeoning middle class.
Notable successes include Gujarati-led ventures in horticulture, yielding 30% ROI, and manufacturing hubs employing thousands locally. ‘We’ve cut bureaucracy to the bone, focusing on results,’ the ambassador affirmed, citing Rwanda’s climb to 38th in World Bank’s Doing Business rankings.
Infrastructure leaps – from Bugesera International Airport to fiber-optic nationwide coverage – underpin this boom. India-Rwanda relations, fortified by PM Modi’s visits, pave the way for more. Mukangira highlighted scholarships for Rwandan students in Gujarat universities, building people-to-people bridges.
Looking ahead, Rwanda aims for $10 billion FDI by 2025, with Gujaratis pivotal. Potential in fintech, e-commerce, and green energy abounds. This isn’t fleeting interest; it’s a strategic alliance reshaping Africa’s economic map with Gujarati ingenuity.