The most thing that attracted foreign investors to come in Rwanda is security, so in Rwanda we have enough security and you can do your business anytime, anywhere without any problems."Comparing the government budget in 1995, when the country was dependent on donors’ funding, with that for the 2023-2024 fiscal year, Rurangwa said the budget has increased by 90 folds to 5.03 trillion Rwandan francs (about 4.76 billion U.S. dollars) with 63 percent of it financed by domestic revenues.

According to the World Bank, Rwanda’s growth averaged 7.2 percent a year over the decade to 2019, while the per capita gross domestic product (GDP) grew at 5 percent. Rurangwa said, this gives the government confidence to map out its development path to become a middle-income country by 2035.

The country’s economy was largely dependent on agriculture before the liberation. However, the manufacturing sector has been playing a bigger role in the past years, and the service sector has been on the fast track of development, contributing 47 percent to the country’s GDP in 2022.Rurangwa said Rwanda’s efforts in facilitating businesses, fighting corruption and maintaining security in the country make it attractive for investment.

According to the Rwanda Development Board, Rwanda attracted two billion U.S. dollars of foreign investments per year on average in the last three years, up from 300 million dollars in 2010.