US investors flee Rwanda, raise portfolio in Kenya, Uganda, Tanzania

US investors are rapidly pulling back from Rwanda even as they ramp up investments in neighbouring East African economies.

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For the third consecutive year, investors from the United States have cut their portfolios in Rwanda, dealing a blow to the country’s bid to position itself as a prime destination for international capital.

In 2024, American investors reduced their holdings in Rwanda by $73 million, a 23 percent drop from $95 million in 2023, marking the lowest level since 2013.