He made the remarks on August 27, 2025, in Singapore, where he attended the 5th Singaporeâ€"Africa Ministerial Exchange Visit (SAMEV).
Through the Rwanda Development Board (RDB), Rwanda also organized an investment forum aimed at attracting investors and showcasing the country's advantages as an investment destination.
Minister Nduhungirehe emphasized that Rwanda serves as a gateway to the African market.
'By investing in Rwanda, you are not only investing in our market. You are also connecting your business to the 3.4 trillion-dollar large African market, and its 1.3 billion consumers,' Amb. Nduhungirehe said.
He further explained that Rwanda continues to position itself as a hub for investment in Africa, focusing on innovation and technology-driven growth.
Minister Nduhungirehe reaffirmed Rwanda's long-term development goals: to achieve Upper Middle-Income Country status by 2035 and to become a High-Income Country by 2050.
By 2035, Rwanda aims to be ranked among the top 10 countries in the world for ease of doing business, and among the top 20 countries with the most resilient economies. By 2050, the country aspires to be in the world's top 10 performing economies.
To meet these ambitions, Rwanda has set a target for its economy to grow at an average annual rate of at least 12% of GDP between 2018 and 2035, and 10% between 2036 and 2050.
An RDB report shows Rwanda registered new investments worth $3.2 billion (about 4.5 trillion Rwandan francs) in 2024, up from $2.4 billion in 2023. Of this, manufacturing, finance and insurance, and real estate constituted 77.9%.
The Kigali International Financial Center (KIFC), a project designed to transform the country into a globally competitive financial hub has been vital to these endeavors.
Since its launch in 2020, the KIFC has attracted 180 investors, of which 70% are African with 30% coming from other regions of the world.
IGIHE
