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� A clear vision for growth through private investment set out by President Kagame (Vision 2020)

� Politically stable with well functioning institutions, rule of law and zero tolerance for corruption

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5 reasons for investing in Rwanda

Source: RDB

Robust governance

� 8.8% average year-on-year GDP growth since 2005, stable inflation and exchange rate

� 3 year GDP growth rate highest among major African economies and neighbouring countries

Sustained high growth

� Potential opportunities for investment abound, particularly in the following sectors:

� Infrastructure: Opportunities in rail, air transportation to further develop Rwanda as an EAC hub

� Agriculture: Backbone of economy. Potential for growth through productivity and value addition

� Energy: Power generation, off grid generation and significant methane gas opportunities

� Tourism: Unique assets creating booming sector; growth potential in birding & business/conference tourism

� Information and Communication Technology: Priority sector for Vision 2020, new ICT park to be developed

� Other attractive sectors include real estate and construction, financial services and mining

Untapped investment

opportunities

� Market of over 10 million people with a rapidly growing middle class

� A hub for rapidly integrating East Africa: located centrally bordering 3 countries in East Africa, part of EAC Common Market and Customs Union with market potential of over 125 million people

Access to markets

� Top global reformer of business regulations in World Bank Doing Business Survey 2010 and 2nd in 2011

� Most competitive place to do business in East Africa and 6th in Africa (WEF Global Competitiveness Report)

� Country credit rating upgraded to B by Fitch

� Among top 3 African countries in terms of internet connectivity (Ookla)

� Increasingly attractive destination for investments – USD500 million in 2009 represents 14x increase

� New special economic zone developed and more zones planned for the Districts

Investor friendly climate

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A government committed to making it easier to do business

Source: World Bank ‘Doing Business’ Rankings 2010 & 2011, World Economic Forum Global Competitiveness Report; ( *) Based on average ranking; SADC: Southern African Development Community; EAC: East African Community; ECOWAS: Economic Community of West African States

One of the fastest reforming countries in World Ban k’s Doing Business rankingsBusiness regulations now easier in Rwanda than the average economy in Eastern Europe, Asia,

Middle East, Latin America and Africa

� Rose record 76 places in World Bank’s global survey in 2009/10 and a further 12 places in 2010/11

� Ranks 10 globally in starting a business and is the 2nd best global performing economy by reform pace over last 5 years

� Debuted as the most competitive place to do busines s in East Africa and 6th in Africa in the World Economic Forum’s Global Competitiveness Report

� In 2009 passed 4 new laws, including new commercial and insolvency laws; made administrative changes that make it possible to start a business, employ workers, register property, and be protected as an investor

� In 2010, focused on easing trade by introducing single border posts with neighbouring countries, reducing costs and time to obtain construction permits, increasing access to credit and introducing a new private credit bureau that is about to begin operations

� Best in East Africa, 4th in Sub-Sahara and 58th worldwide

#1 economy

OECD high income

Eastern Europe & Central Asia

East Asia & Pacific

Latin America & CaribbeanMiddle East & North Africa

South Asia

Sub-Saharan Africa 137

117

96

87

72

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108: SADC*

117 : EAC*

151: ECOWAS*

173: ECCAS*

Average ranking on Ease of Doing Business 2011

58 Rwanda

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The Rwanda Development Board is proof that Rwanda is open for business

Source: RDB

RDB is the government agency charged with fast-tracking economic development in Rwanda. Independent, influential and built with global expertise, we are a government agency with a private sector mindset. Bringing the entire investor experience under one roof, RDB is here to show that Rwanda is open for business

Information hub for investors – Investment Promotion team�Your guide to investing in Rwanda. Single point of contact for guidance on laws, policies, incentives, investment climate and trends, investment opportunities, costs of setting up a business, process for finding land and sector specific information�Can be contacted via email, phone, in person and investment meetings in Rwanda

Your link to the right people�Advocates on your behalf for special considerations to Cabinet depending on project size and strategic importance�Helps you find local joint venture partners and connects you to local service providers �Coordinates public private partnerships between the government and the investors�Reports directly to the Office of the President

One Stop Centre for starting a business�You can register your business in 2 easy steps and receive your certificate in 24 hours at the RDB’s One Stop Centre�OSC provides trading license, sector specific certifications and licenses, environment clearance and investment certificates�Delegated officers from government agencies provide quick services at the OSC - work permits and visas, tax exemption and tax payment, land and construction permit, utilities (water, electricity), notary services

Facilitator for business implementation – Aftercare team�Your single point of contact after you register your business and begin to operationalize—helping identify solutions for issues you may be facing, coordinating and introducing you to government stakeholders and finding local partners�Provides business development services for export based companies and small-medium businesses

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Opportunities for investment

Source: RDB

� Priority investment sectors:� Infrastructure� Agriculture� Energy� Tourism� Information and Communications Technology� Real estate and construction� Financial services� Mining� General manufacturing � Education� Health

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Sector profile: InfrastructureRail, air, logistics investment opportunities abound to develop Rwanda as an EAC hub

Roads

� Roads represent 90% of transportation in the country

� Over 14,000 km (8,700 miles) of roads, ~20% of which is paved

� Regional hub for road transport as it connects important regional players, from the east coast of Africa to the west coast

Source: RDB

� There are no railroad systems available, but a new railway line is in the pipeline:

� 2 branches of the railway line are:

� Isaka-Kigali railway project to link to the port of Dar Es Salaam

� Rwanda-Burundi via Congo to link the southern Africa Cape Gauge railway network

� Cost of USD 4 billion and is currently fundraising

Rail

� The Kigali International Airport has an annual capacity of 4.4 million passengers

� Rwandair is the national air carrier with flights to number of regional destinations (Nairobi, Entebbe, Arusha, Mombasa, Dubai and Johannesburg)

� Other international airlines include Kenya Airways, Ethiopian Airlines, Brussels Airlines, KLM, China Postal Airlines, and African Star Airways

� A new world class airport planned 40 km outside of Kigali at a cost of USD 635 m

Air

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Sector profile: EnergyNew generation and methane gas can open access beyond Rwanda to neighbouring markets

Overview

Source: RDB, Ministry of Finance

� 80% of energy from wood combustion and electricity coverage levels low at 10%

Generation

� 85 MW of electricity generation (50% hydro-electric, 50% diesel) today

� GOR has set ambitious targets to increase energy production (1000MW by 2017) and is diversifying sources of energy

� 3 regional hydro power projects identified. Rusizi III with an output of 145MW has completed feasibility study

� 333 potential sites identified (50KW-1MW) for micro-hydro

Methane Gas

� 50-55 billion m3 of methane gas in Lake Kivu:

� 1st Gas Concession and Power Purchase Agreement signed with Contour Global –100MW KivuWatt power plant under construction expected to produce 4MW/hour for ~$324M

� Further opportunities such as a 2nd

concession at Lake Kivu and conversion of gas to liquid and gas to fertilizer

Power grid

� Power grid coverage is planned to expand to 67% of the region by 2012 through a USD 311 million capital budget roll-out plan

� Transmission and distribution networks to expand from 3,300km to 5,000km by 2012

� Targeting 90% electricity from renewable source

� 246,000 ha of forests for carbon credit potential

� Recent agreement with US/UK based company funded by leading UK PE firm to produce biodiesel by planting 10,000 ha of Jatropha plants ($35M investment in 2 years) to address 15-20% of domestic diesel demand

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Renewable energy

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Investment opportunities in Energy

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Target: From 85 MW to 1000 MW

•Geothermal Up to 300 MW

•Potential also in: •Solar energy •Wind energy •Bio-mass energy •Bio-diesel

•Methane gas extractionUp to 300 MW

•Hydro-power generation

Up to 295 MW including over 300 micro-hydro sites

•Peat potential Up to 100 MW

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� www.rdb.rw� For further information please contact

Investment Promotion Department in the Rwanda Development Board � ipd@rdb.rw� Tel: + 250 788 312 898

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Key contacts