Rwandan project investments 'could create 11,000 jobs'

8 February 2010

Some 11,000 people in Rwanda could benefit from new employment opportunities after it was reported that the country's investment projects last year could create many jobs.

This is according to the Rwanda Development Board (RDB), which studied the money being spent on developments in the 2009 Investment Performance Report.

Of these projects, 39 of them were purely Foreign Direct Investment, the New Times explains.

The total value of the 58 operational projects registered last year is estimated to be Rwf 564 billion (approximately £6.34 billion).

Furthermore, it is thought that more money could have been invested in developments had there not been a global financial crisis for the most of last year.

Local business and foreign companies forged joint ventures that made up 9.4 per cent of all investment, it was found. One of the major deals reported was a USA eco-fuel project.

The RDB notes that it exists to "spearhead Rwanda's progress towards building a mature, knowledge-based economy".

Category: General