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Business & Investment

Rwanda has a rank of 46 out of 189 economies worldwide. Rwanda’s ranking has improved rapidly over time.

Rwanda was ranked:

  1. Top global reformer in the World bank Doing business report.
  2. The easiest place to do business in the East African region and 02nd in Africa. 
  3. With a b+ outlook by Fitch Ratings, citing strong Economic Growth.
  4. Third least corrupt country in Africa, and 48th Globally, by Transparency Iternational's Corruption Perception Index, 2017.

Examples of significant transformational changes include:

  • The Rwanda Natural Resources Authority implemented a systematic land registration program, and now 90% of properties in the country are registered
  • The implementation of an electronic single-window system in 2013 at the Rusumo border post with Tanzania (the post used to access the port of Dar es Salaam). Connected to such institutions as the Rwanda Bureau of Standards and the Rwanda Development Board, the system allows traders to receive verifications and approvals electronically.

1. Ministry of Trade and Industry 

The Government of Rwanda has set out an ambitious agenda to become a lower middle income country, operating as a service based hub by the year 2020. Achieving this goals means exploiting the opportunities made available with regional integration along with creating a dynamic and competitive private sector, for which institutional capacity can flourish.  


2. Rwanda Development Board

The Rwanda Development Board was set up by bringing together all the government agencies responsible for the entire investor experience under one roof. This includes key agencies responsible for business registration, investment promotion, environmental clearances, privatization and specialist agencies which support the priority sectors of ICT and tourism as well as SMEs and human capacity development in the private sector.


3. The Office of the Registrar General (ORG)

The Office of the Registrar General (ORG) was established in 2008 to continue the functions of the Rwanda Commercial Registration Agency. ORG is housed in the RDB as a division under the Investment Promotion and Implementation Department.

The Office of the Registrar General is tasked with facilitating investment through developing and maintaining a world class efficient business register and promoting a business friendly regulatory framework. In particular the Office of the Registrar General has the responsibility to initiate, implement and follow up the activities relating to registering and striking from the register; businesses, secured transactions and intellectual property rights.


4. Capital Market Authority

Capital Market Authority (CMA) was established by the Prime Minister’s Order of 28 March 2007 to initially guide the development of a Capital Market in Rwanda. It was previously referred to as the Capital Market Advisory Council (CMAC) till the 9th of June 2015. CMAC was operating as the Capital Market Regulator, pending the creating of CMA as provided in the Law N°11/2011 of 18/05/2011 published on 9th June 2011.

CMAC facilitated the creation of the Rwanda Stock Exchange (RSE) as a Stock Exchange and admitted 10 members of the RSE awaiting licensing powers provided in the newly published CMA law. One of the statutory objectives of the Capital Market Authority, CMA is to promote and develop the capital markets industry in Rwanda.

CMA is also tasked to help Rwanda become a competitive financial center through mobilization of long term capital. This will be achieved through nurturing wealth by facilitating the development of an orderly, fair, transparent and efficient Capital Market.


5. Private Sector Federation

Private sector representation started in Rwanda prior to 1994, in the form of the Rwanda Chamber of Commerce. A government driven institution, the Chamber of Commerce exhibited three important limitations: lack of autonomy, weak representation, and lack of relevant services. As a result, Industrialists, Banks, Insurers, Transporters, and Women created stand-alone associations to serve their needs.


6. Rwanda Bankers Association (RBA)

The Rwanda Bankers’ Association was established and acts as a forum for the banking sector. Any Banks licensed by the National Bank of Rwanda pursuant to Chapter II, Article 5 of the Law is eligible for Membership of the Association. The National Bank of Rwanda will not be eligible for membership but a representative may be invited to any meeting should it be felt that their presence would be of benefit.


7. Rwanda Development Bank (BRD)

The Rwanda Development Bank, “BRD” a Public Company Limited by Shares, with a share capital of RWF 7,000,021,000, registered at the Officer of the Registrar General, whose company code n° 1000003547, its incorporation certificate issued on 7/7/2011 and a banking license n°003 issued by the National Bank of Rwanda on August 11, 2009. BRD was incorporated on August 5, 1967.








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