Edouard Ngirente, the Prime Minister of Rwanda, hard sold his country to global investors and also from within Africa to consider Rwanda as an excellent tourism destination. The venue was the Kigali Convention Center. He spoke at the Africa Hotel Investment Forum. The latter is an important event spanning three days.
Focus on hospitality sector
The Africa Hotel Investment Forum gathers stakeholders from the hospitality sector. These include investors, industry experts, public officials, and local operators. Existing and future opportunities are discussed in full during these events. The Rwandan PM particularly pushed tourism for global investors. He pointed out that the African country has business-friendly laws. It is profitable and secure as well. Ngirente assured investors that putting money in the country will be profitable for them. He said that the country is economically stable as well. The PM pointed out that Rwanda came second in Africa in the 2017-2018 Global Competitiveness report conducted by the World Economic Forum.
The Rwandan PM noted that the growth targets of the tourism sector need strategies which incentivize the investments done by private sector operators. He said that the hotel industry in Africa is one of the quickest growing sectors. The industry contributed about eight percent to the African GDP. It is anticipated to rise around 4.9 percent every year until 2025. Strategies in the tourism sector must be put in their places. Such strategies must support all tourism sector investments.
The strategy pursued by Rwanda until now involved developing tourism infrastructure all over the country. Investments were done in a number of world class facilities. The result is increased job creation in the country. The PM said that Rwanda has made a considerable progress in tourism. It was achieved through tourism infrastructure development. More routes were also assigned to RwandAir, the country's national airline. A number of international brands have also invested in the country. The result is a rising employment figure.
Clare Akamanzi, the chief executive of Rwanda Development Board or RDB, said that there will be a hotel growth in the country as many hoteliers have shown interest in investing in the African country. A few opportunities will be made through the partnerships linked with the local operators. The RDB prepared investor guide said the list of hotels/villas include Rubavu District's Hotel Strip and Hot Springs Eco Resort, Residential Villas and Vacation Village in Karongui District and Gicumb District's Vacation Village.