In total, RDB registered 612 new investment projects during the year. The report shows that three main sectors including manufacturing, financial services and insurance, and real estate, accounted for 77.9% of the total investment value.
Manufacturing alone attracted $1.35 billion, while the financial services and insurance sector brought in $811.2 million. Real estate-related activities received $377.7 million in new investments.
The report indicates that Asia was the leading source of foreign investments in Rwanda in 2024, contributing $907 million across 100 projects, representing 37.4% of all investments.
Africa followed with $579.3 million in 188 projects, while the Americas contributed $485.6 million through 39 projects. Europe invested $404.1 million in 52 projects.
The Middle East contributed $41.5 million across 11 projects, and Oceania invested $8.3 million in three projects. Domestic investment amounted to $782.8 million across 191 projects, accounting for 24.4% of the total investments made in 2024.
Among foreign countries, China led the way, investing $460 million in 58 projects. It was followed closely by India, which invested $445.1 million in 35 projects, and the United States, which committed $441.3 million across 31 projects.
Nigeria was Africa's top investor, contributing $313 million through 22 projects. The United Kingdom followed with $144.6 million in 14 projects, the Netherlands with $103.9 million, and Ireland with more than $93.6 million, though invested in just three projects.
Eritrea also made a notable contribution of $93.6 million across 65 projects, followed by Ethiopia, which invested over $57.6 million in 16 projects.
Several major projects were registered in 2024. These included Bio Usawa Biotechnology Ltd, which will construct a plant to manufacture treatments for serious eye diseases.
Nation Cement Holding Ltd acquired 99.94% of shares in CIMERWA. Ramba Investment Africa Holdings Ltd and Parklane Group Ltd made significant entries in the construction and real estate sectors.
Other notable investments included TTEC CX Solutions Rwanda Ltd, which supports digital skills development across industries, Basigo Rwanda Ltd in public transportation, Rio Tinto Exploration Rwanda Ltd, which is helping drive Rwanda's mineral exploration efforts, and Bestred Technology Development Rwanda Co., Ltd in the technology sector.
IGIHE
Source : https://en.igihe.com/news/article/nine-countries-that-made-major-investments-in-rwanda-in-2024
