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Rwanda emerged in the top 50 countries of the World Bank’s Doing Business report for the first time. Globally, Rwanda is 41st on the “ease of doing business” ranking, compared to the 56th position in last year’s report. In addition, the country has made 52 reforms over the last decade, bringing significant improvements to the environments of business and investment. Notable reforms include that of improving the building permit process, by increasing quality control during construction, with the introduction of risk-based inspections.
Rwanda has made the task of registering goods easier by using online services that facilitate the registration of property transfers. The country has an effective land registry that takes seven days to transfer the property, and it costs 0.1% of the property value. On this indicator, Rwanda is now ranked 2nd in the world.
Rwanda has also strengthened the protection of minority investors by facilitating the prosecution of directors. This has clarified ownership and control structures, and demanded greater corporate transparency. Tax policy reforms have also facilitated the payment of taxes by establishing an online system for filing and paying taxes.
Additionally, the report also states that Rwanda has facilitated the execution of contracts. This has been achieved by making judgments in commercial cases, rendered at all levels, accessible to the general public through publication on the judicial website.
Real estate industry experiences shortage on bricks. They have a huge demand on affordable housing, but delay this process considerably a because they have no material to work with. It might be impossible to believe, however true.
Food industry experiences growth as in most countries in the world, but the market slows down because of the shortfall of packaging. Food is rather cheap in Rwanda, but it lacks simply a small business on biodegradable packagings to keep cost fair.
GSM termination consultation and Telecommunication business is a good opportunity not just in Rwanda, but it is really profitable. You may think that it demands huge investments and big team… One of it’s parts as GSM termination can be managed by one or few specialists and do not need big investments into equipment.
Coffee production deserves a special place among business opportunities in Rwanda. Most of the local coffee produced is being sold to neighborhood countries and then exported without any sign of origin country. The reason is there is no entrepreneur to invest in Rwanda local coffee branding and exporting.
Tourism sector becomes a sizable part of Rwandan economy lately. It doesn’t require a couple of millions of dollars investment – there are too many expensive hotels in Rwanda business of recreation lately. But A mini-van and a map would work great if you decide to take your foreign group to gorilla tour, volcanic mountains or deep natural forests.
Rwanda is like an African business heaven with its’ shortened business procedures and moving economic activities to a competitive sector, working on sound fiscal and monetary policies and boosting the tourism.