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Browsing: Investing in Rwanda
Africa Financial Services Investment Conference (AFSIC), the Africa investment forum for the year 2021 will be held at Park Plaza Westminster Bridge London, Greater London from Oct 11 – Oct 12.
AFSIC which is believed to be the largest Africa investment event takes place annually outside Africa and has become one of the most important conduits of investment into Africa.
Africa investment opportunities
The event which is now in its 8th year is entirely focused on highlighting Africa’s most interesting investment opportunities.
The event will bring together Africa’s business leaders and Africa’s most important investors and dealmakers and will showcase investment opportunities from across the whole of Africa.
Agenda
AFSIC 2021 features a brand new agenda format ordered by industry focus. People will be able to listen to African business leaders and investors deliver exceptional keynotes and interactive panels and attend excellent interactive networking sessions.
ENERGICOTEL (ECTL) PLC, a member of EPC Africa Group, an independent power producer and an engineering consulting company has debut on Rwanda Stock Exchange (RSE).
The firm had in June announced in a statement that it had received regulatory approval to issue and list a Corporate Bond on the RSE.
On Monday August 16, 2021, RSE started trading Energicotel’s first-ever corporate bond.
This is the third corporate bond to be listed since the establishment of the RSE after the ones by the International Finance Corporation (IFC) and local lender BCR—which was acquired by I&M bank
Corporate bond
The launch of the listing of the Rwf 6.5 billion ($6.4 million) long-term fixed rate corporate bond was presided over by the Minister of Infrastructure, Claver Gatete.
Several government officials, particularly from the finance sector, as well as investors also attended the bell-ringing ceremony.
Energicotel operate three hydropower plants in Rwanda, with a …
Have you ever considered investing in Rwanda? Then you should try it in the year 2021.
The investment-friendly climate in Rwanda backed by laws that favour investors is one of the reasons to invest in Rwanda. Or is it?
Well, the country’s robust governance and Anti-corruption system of government offer investors security for their investment.
Access to markets
Rwanda is a hub for rapidly integrating East Africa and offers investors access to markets with over 10 million people.
The sustained high economic growth with an average annual GDP growth rate highly favours domestic and foreign investors with a stable inflation and exchange rate.
Top business climate
World Bank Group ranked Rwanda among the top business climate reformers in 2011 and 2012. Subsequently, Rwanda was ranked 46 out of 189 economies in the World Bank Doing Business report 2015, in terms of convenience of doing business.
It ranked 3 in sub-Saharan …
The East African country is in a booming phase. Innovations in the financial sector have played a significant role in catapulting Rwanda’s economy. Economic growth has ballooned at an average of 7.2% per year.
Mobile banking, communication networks development and growth-oriented policies have seen the country’s financial sector fostering growth in the economy. Rwanda is one of the fastest-growing nations in Africa. Significant progress has been made, considering the political landscape the country was coming from, post the horrific 1994 genocide. …
Rwanda is eyeing an economic boost from its inaugural $40 million bond, which was issued at the UK-Africa Investment Summit 2020.
The World Bank issued the Rwandan franc-denominated paper to finance government projects in the 2019-2020 financial year budget. The bond offers investors an annual coupon of 9.25 per cent which will mature on January 20, 2023.
“The World Bank has a big portfolio of investors, which the country will be banking on,” said Celestin Rwabukumba, the chief executive officer of Rwanda Stock Exchange.
The bond is the seventh in sub-Saharan African that the World Bank has issued. It is expected to increase confidence and help attract foreign private investment that the country needs to achieve sustainable long term economic growth.
Also Read: Rwanda launches campaign to collect 1M smartphones
“Capacity building in local capital markets is a critical component of international development finance. This transaction highlights the potential to …