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5 smart Business ideas and opportunities in Rwanda 2019
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Rwanda is rising high towards its 2020 vision to become the Singapore of Africa. What you invest now will make returns more than ten times in just a few years to come!
Recent World Bank Group’s annual report on the ease of doing business ranked Rwanda the easiest place to do business in East and Central Africa, the 2nd in Africa, and the 56th globally.
Rwanda has the fewest procedures and fastest processes to register and start a business. It takes only Six hours to have your companied registerd in rwanda!!!
Rwanda is fast developing economically, technologically and mentally, and there is a huge need for innovative products. New companies are investing in different sectors due to her potential and the country is full of opportunities for both locals and foreigners.
Are you interested in starting a business in Rwanda? If YES,In this video, I’ll share with you 5 smart business ideas and oppotunities that will make you a millionaire in rwanda in 2019
1 – Food Processing
More than 50% of imported goods are food products. Rwanda imports rice, sugar, dairy products, juice and jams, wheat flour, etc. Due to the increased number of population, especially in urban areas the demand in food products is steadily increasing.
This increased demand presents many opportunities in the area of food production and processing. Business opportunities are in the areas of products making, dairy processing, fruit processing, maize and sorghum milling, cassava processing, etc.
2 – Construction and Real Estate
Rwanda is currently growing its potential for real estate investment and is attracting international estate developers.
Statistics from the National Bank of Rwanda show that an estimated 25,000 new houses have to be built annually in for the country to meet the demand for urban housing. The City of Kigali is promoting the construction of housing projects to address the backlog, as well as expand the city.
Real estate investors have the opportunity to acquire expropriated land and develop residential housing for low to middle income earners.
3 – Small Scale Manufacturing Industry
Rwanda’s manufacturing sector has a ready domestic and regional market, as demand for products continues to increase rapidly.
Investment opportunities include: production of plastics bottles, paper mill and printing, general paper packaging, manufacture of wood and metal products, and the establishment of a pharmaceutical plant.
4 -Tourism and Hospitality
Rwanda’s tourism is experiencing a boom because of the government’s deliberate policy to develop the sector.
Tourism is currently among the top foreign exchange earners, bringing in $42.3 million and more ANUALLY.
Its hotels have a capacity of 1,153 rooms with three-quarters of them located in the capital Kigali. The current capacity in hotels and accommodation could be increased to host various categories of tourists including high-end business travellers and eco-tourists.
Business opportunities are in hotels, retaurants, tourist attractions, cultural events, etc.
5 – Internet and Commputer Services
The country is moving from agricultural subsistence towards using ICT to build a knowledge based economy.
The government is proving high speed broadband internet connectivity carried by fibre-optic cables in all schools in the next two years.
Rwanda which has two fibre -optic rings around Kigali, and a cable being laid across the country envisions being the information-technology hub for the resource rich nations of Eastern and Central Africa.
Business opportunities are in internet and computer services, especially in internet cafés, call centers, computer consulting, hardware reselling,etc.
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