China and India dominate investment in Rwanda despite wooing Europe
The Chinese medical team donates a consignment of supplies to Rwanda on January 2022. Data shows China in 2021 and 2022 topped the number of registered foreign investments in Rwanda. PHOTO | XINHUA via AFP
China and India remain leading investors in the Rwandan economy despite the country investing millions of dollars in investment and tourism promotion in Western Europe.
Figures by the Rwanda Development Board (RDB), the country’s investment and tourism promotion agency, show that in 2022, the country attracted investments worth $1.6 billion. Of this, $182.4 million or 11.2 percent represented in 49 projects came from China.
