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Things to Know About the Business for Takeover Rwanda
Rwanda is a nation in Central and East Africa. It is one of Africa’s smallest mainland countries. Burundi borders it to the south, Tanzania to the east, the Democratic Republic of Congo to the west, and Uganda to the northeast. The capital city is Kigali.
The Republic of Rwanda people speaks Bantu language referred to as Kinyarwanda. It’s mainly divided into two main groups: the Hutu and the Tutsi. However, there’s a small third group, the Pygmy Twa. A smaller section of the population speaks French (10 percent) and another section English. Its estimated population is around 7.1 million inhabitants.
After the establishment of the Vision 2020 in 2000-a long term- development strategy, the Rwandese economy is on its ascendancy at 7 percent per annum receiving a reputation as one of Africa’s fastest-growing economies. Following the devastation genocide in 1994, the economy took a nose-dive, but the government investment in soft and hard infrastructure has uplifted doing business in Rwanda tremendously. With the Rwanda Development Board (RDB) inception in 2009 to assist in overseeing the country’s business regulations, foreign investments, and tourism promotion was a move in the right direction. Again, the promotion of good governance, which involves transparency and accountability in deploying scarce resources to prime sectors boosted investor confidence.
Doing business in Rwanda has become an admiration to many not only on creating a business-friendly environment but diversifying its economy from dependence on agriculture to service and manufacturing sector.
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