Africa-HackCollab-RDB

Transcript

1. 0 Invest in Remarkable Rwanda Telephone: +250 727775170 General inquiries: info@rdb.rw Business registration: http://org.rdb.rw/busregonline
2. 1 Rwanda Development Board Business enabling • Incentives • Technical & Financial support to start-ups • Notary, • One stop center • Networking • Immigration Services • Bank Services • Certification services Business/Company registration • Registration Services Aftercare services • Support to established Companies/Businesses
3. 2 Our message about Rwanda.... ... low risk ... business friendly and modern ... a regional platform ... fast growing ... home to rich natural advantages Safe and secure – 5th safest country to walk at night worldwide Stable – lowest debt ratio in region; stable credit ratings High level of governance - #1 govt. transparency in Africa Free trade agreements with ~50 countries Preferential access to immediate proximity market of 60m Strong African hub potential; highly connected African airline 3rd MICE ranking in Africa; +18 ranks in 3 years 2nd fastest growing economy in Africa; 2nd FDI/GDP in region Most improved nation in human development in the world 2nd for doing business in Africa; 6hr business registration Growing bilingual and educated workforce (~47,000 grad./yr) Modern – 95% network coverage; 4th in global gender equality Rich raw material availability; 17+ agri-inputs Highest gorilla population in Virunga Massif; 1.2m tourists
4. 3 Rwanda at a glance Population size 12.1 million Official languages Kinyarwanda, French, English, Swahili Literacy/Employment 70.5% / 83.3% Currency/exchange rate Rwanda Francs (RWF) ~RWF 847/USD Govt. & Parliament Presidential republic Bicameral parliament GDP per capita USD 703 per capita GDP (6 yr growth) USD 8.1bn (7.3% p.a.) Ratings B+, “stable” - Fitch B, “stable” - S&P Sources: World Atlas, World Bank, Fitch, S&P - all 2016 except: population and Fitch rating 2017, exchange rate 2018
5. 4 Rwanda, incredible success story of Africa 2nd Sources: UN (UN-HDI), World Bank, WEF, Global and Africa Competitiveness Report, ICCA, Global Gender Gap report, Gallup, ICCA, RDB, BSC (majority 2017) fastest growing economy in Africa 2nd in Africa for doing business 6 hrs to register business (fastest in East Africa) 1st in Africa for govt. transparency 5th safest country to walk at night in the world 1.2m tourist arrivals in 2016 alone 3rd in the world for women in parliament 4th in the world for gender equality 1st African MICE destination 95% network coverage by 4G fibre 2nd in the world for ICT promotion 1st in Africa for network readiness 1st most improved nation in the world
6. 5 Rwanda has privileged access to markets via four diverse free trade agreements Regional platform EAC free trade agreement East African Community COMESA free trade agreement Common Market for Eastern and Southern Africa Regional agreements Intercontinental agreements Everything but Arms agreement European Union AGOA free trade agreement United States of America
7. 6 Rwanda has an enabling foreign investment environment #2 in Africa for Ease of Doing Business1 and Global Competitiveness2 #4 least corrupted Country in Africa 33% total effective tax, lowest in East African Community region Preferential corp. income tax rate (15% if 50% exported) Accelerated first year depreciation rate 50%3 Exempt capital gains & 0% tax if HQ in Rwanda Duty-free imports of machinery & inputs4 Highly digitalized and efficient administration (6 hours to register a business) Free business registration One-stop center for investors with dedicated investment acceleration team No restrictions to foreign ownership No restrictions on capital flows 1. World Bank; 2. WEF; 3. Subject to investing USD50k in business assets; 4. In accordance with EAC customs reg. Source: RDB Investors Presentation Business friendly regulation Multiple incentives – largely for exporters Efficient, supported processes Commitment to foreign ownership Business friendly and modern
8. 7 Rwanda's regional proximity market counts ~60 Mn people... 1. 8 westernmost regions: Kagera, Kigoma, Mwanza, Shinyanga, Tabora, Rukwa, Mbeya, Singida 2. 7 southernmost districts: Rakai, Mbarara, Kabale, Kisoro, Rukungiri, Bushenyi, Masaka Source: The World Bank; Interviews with Local Champions; Press Search 60 2 11 11 16 20 0 20 40 60 ​Total ​Southern Uganda2 ​Western Tanzania1 ​Mn people ​Eastern DRC ​Burundi ​Rwanda Rwanda's proximity market population, 2016 (Mn people) Regional platform
9. 8 ... and Rwanda is uniquely positioned to serve this market with a logistics advantage 1. Some exemptions to the duty free rule can be applied on a case by case basis by member Countries on sensitive goods (e.g.: wheat flour) Source: Press Search Rwanda DRC Uganda Tanzania Rwanda's preferred access Burundi Kigali Kinshasa Dar-Es-Salaam Kampala Regional platform
10. 9 Rwanda is increasingly connected globally and within Africa; enabling exports and travel for business and leisure Amsterdam Brussels London Dubai Addis Ababa Doha Entebbe Abidjan Accra Cotonou Johannesburg Bujumbura Brazzaville Nairobi Dar Es Salaam Kilimanjaro Mombasa New York Beijing Mumbai Existing direct connections to Kigali Planned direct connections to Kigali Source: Rwanda Civil Aviation Authority, Expedia Cape Town Harare Lusaka Kamembe Libreville Douala Lagos Abuja Guangzhou Cyangugu Juba Istanbul Regional platform
11. 10 ​All 3 ​0.40M ​English ​0.59M ​0.97M ​French ​0.54M ​0.75M ​Kinyarwanda ​1.60M ​4.47M ​0.26M ​Urban population only ​Total for Rwanda Number of people fluent at language (aged 16 and above) Population increasingly fluent and/or bi-lingual in Western language Rwandans under 30 years old twice as likely to have fluency than those over 65 years old English as instruction language (from lower primary onwards) was introduced in 2008 Western languages more prominent Note: "All 3" means Kinyarwanda, French & English Source: Rwanda Population and Housing Census In 2012, Mentor Program introduced to support use of English in the classroom In 2014, RTEP was established to send Rwandan teachers to the US for training Government of Rwanda is taking action to further improve language education Business friendly and modern
12. 11 Readily available talent base of ~47,000 graduating students per year ​Polytech ​20k ​VCT ​7k ​18k ​47k ​Total ​2k ​Graduate ​Undergrad Top tier universities have established branches in Rwanda Note: VCT = vocational training (up to three 3 years); Graduate includes advanced degrees, masters, PhD Source: Rwanda Ministry of Education; UN Breakdown of total ICT: ~2,500 Sciences: ~1,200 Engineering: ~2,600 Business & Law: ~2,200 Agri: ~2,700 Health: ~7,700 Education: ~7,400 Arts: ~1,200 Social sciences: ~19,400 Business friendly and modern
13. 12 Highly-serviced land offering incentives & subsidies EPZ1 status (export >80% outside EAC) Kigali Special Economic Zone (KSEZ) lays a platform for businesses to flourish ... • 0% corp. income tax • No import duty on inputs & equipment • Free trade conditions • Min. govt. processes Incentives and subsidies • Subsidized plot rate • 30% down payment • 2 year grace period with 10% int. (PII = 1 year with 15% int.) Expedited and serviced land • Phase I – 98 ha • Phase II – 178 ha • Phase III - ~153 ha (in plan) • Roads, water, elec... 1. Export Processing Zone Business friendly and modern
14. 13 ... providing premium positioning and connectivity, especially for manufacturing and industry Power, water and sanitation ICT infrastructure like fiber optic plus wires networks 4G and 3G Onsite and offsite roads links to airports and main roads Firefighting network Sewage network Security Key services offered in the SEZs ... ... to a variety of industries & companies Heavy and light manufacturing industries Large scale users industrial plants Commercial wholesalers Chemical, pharmacy and plastics Warehousing Tourism and service industry ICT Logistics Business friendly and modern
15. 14 Additional nine SEZs have been mapped and land dedicated for development Nyagatare • 50 Ha park, fully expropriated • Feasibility and engineering study complete Kicukiro SME Park • 43.2 Ha park, • Feasibility and engineering • study complete • Construction works for murram roads started Rwamagana • 80 Ha park • Feasibility and engineering study complete • Expropriation completed on 50Ha • Ring road completed Bugesera • 330 Ha park, fully expropriated • Feasibility and engineering study complete • Construction of phase I, 100 ha is at 40% Musanze • 164 Ha park, not yet expropriated • Not yet expropriated • Engineering studies completed Nyabihu • 44 Ha park, fully expropriated • Feasibility and engineering study complete • Zoning and demarcation complete Muhanga • 63 Ha park, not yet expropriated • Feasibility and engineering study complete • Not yet expropriated Rusizi • 45 Ha park, fully expropriated • Feasibility and engineering study complete • Zoning and demarcation complete Huye • 50 ha park, fully expropriated • Feasibility and engineering study complete • Zoning and demarcation complete Musanze Nyagatare Nyabihu Muhanga Kigali special economic zone Rwamagana Bugesera Huye Rusizi Most advanced Business friendly and modern
16. 15 ICT & Technology sector
17. 16 Ambition To grow Rwanda's ICT & Technology industry as a key pillar of the economy and become a regional hub for top- tier capacity building
18. 17 ICT & Tech industry key strategic priority for Gov't of Rwanda • Average growth rate of 16% per year vs. 7% for rest of the economy • Primary target for foreign direct investment, reaching approx. $75M in 2015 • Priority sector in achieving Vision 2020 and key contributor to the eradication of poverty in the country ICT expenditures are growing at double- digit rates in both Rwanda, and the African continent ​ICT growth in Africa ​16% ​11% ​ICT growth in Rwanda Average growth of ICT expenditures (2011-2015) Source: EDPRS II; ICT Sector Profile – 2015, Ministry of Youth and ICT
19. 18 Rwandan GDP has grown at the robust annual average of 9%, since 2003 During that time, the ICT sector has grown twice as fast, reaching $282 million by 2015 The Rwandan ICT sector is expected to be worth $646 million by 2020 Continued double-digit growth expected for ICT in Rwanda $240M $482M $125M ​$282M ​$12M ​2020 ​+18% p.a. ​$39M ​$30M ​$646M ​2015 Forecasted growth in ICT demand in Rwanda (2015-2020) Source: NASSCOM 2015, Africa - The Next Frontier for Technology, Transformation and Innovation ​IT services ​Hardware ​Software
20. 19 Current capacity of Rwandan Technology institutes insufficient to meet demand 13,000 ICT profiles required to meet market demand 10,000 ICT students graduating from tech institutes 3,000 Expected gap in available ICT profiles Strong demand for ICT profiles in Rwanda, across wide range of skill areas Number of ICT profiles required in Rwanda over next 5 years 535 739 770 813 ​519 ​Operating system specialists ​Telco specialists ​Network eng. ​Network & info. security ​Database admin ​Multi- ​media specialists ​1,330 ​Others ​2,441 ​Website & graphic designers ​1,136 ​Network & system admin ​Online work skills ​1,424 ​Software developers ​1,453 ​1,800 Source: EDPRS II, RDB Over next 5 years…
21. 20 Modern ICT environment; world class communications infrastructure 1. Multi Protocol Label Switching 2. Wide Area Network Source: Broadband Systems Corporation (BSC) Rwanda national fiber optic backbone Rwanda is connected to global broadband through 3 main fiber optic cable routes out of the country • Kigali à Gatuna, Rwanda à Mombasa, Kenya • Kigali à Kagitumba, Rwanda à Mombasa, Kenya • Kigali à Rusumo, Rwanda à Dar es Salaam, Tanzania Rwanda is equipped with BPO industry standard technology to provide fast, reliable communication • Redundancy: routes have 2+ lines and Ring Topology • Routes to Kagitumba and Rusumo are both underground and overhead (along power lines) • MPLS1: connect WANs2 between onshore/offshore Global connection via Seacom submarine cables Kigali East North South West Rusumo Kagitumba Gatuna Uganda Tanzania Burundi DRC Key components meet international requirements 95% national coverage Business friendly and modern
22. 21 "Kigali Innovation City" is to become Rwanda’s tech innovation hub Site covers 61.3ha, and is located 3km from Kigali International Airport and within the Kigali Special Economic Zone Approx. 60% of the site has been allocated to 4 academic institutions, focusing on ICT and Technology Remaining area to be allocated to technology companies and research centers GoR is developing ICT & Technology park
23. 22 2016: • First closing ($100 million) of the Rwanda Innovation Fund 2018: • Completion of Carnegie Mellon Uni. campus, incl. innovation labs shared by tech companies 2018-2022: • Completion of office buildings to house startups, fast-growing SMEs, and local operations of multinational companies • Completion of support facilities such as shopping centers, apartments and hotels • Entrepreneurial development including incubator and capacity building programs • High quality urban environment – clean and safe, state-of-the-art infrastructure Place where indigenous Rwandan technology companies can innovate and serve the whole market of the African continent Prime location in Africa for multinational technology companies to domicile their subsidiaries Ecosystem which is anchored by world-renowned higher learning institutions supplying a critical mass of world class engineers, mathematicians and scientists Including Carnegie Mellon University, AIMS, and ALU Profile – Kigali Innovation City (KIC) Current status & key milestones KIC as innovation hub to accelerate development of Rwanda's ICT sector Backup Technology companies Higher learning institutions Many-companies-in-one concept, where notable academies of multinational technology companies can set up activities Academies can either support their domiciled subsidiary or support domiciled strategic partners Investment fund that aims to financially support technology companies through all stages of growth The Government of Rwanda is co- investing in this fund alongside private investors Industry Skills Academy Rwanda Innovation Fund Four pillars make up the community of Kigali Innovation City Source: RDB, expert interviews, BCG analysis
24. 23 Envisaged layout and design of Kigali Innovation City SMART RWANDA CENTRE & RWANDA INNOVATION FUND BUILDINGS CARNEGIE MELLON UNIVERSITY CAMPUS CORPORATE CENTER Backup
25. 24 Agriculture is a cornerstone of Rwanda's economy with a strong ambition and commitment for growth 31% Of Rwanda's GDP is agricultural value added 70% Of active Rwandese population is employed in agriculture 159M USD of additional yearly export revenue by 2024 300K Additional jobs related to agriculture in next 5y Government of Rwanda committed to invest ~USD 3Bn by 2024 to support growth of the sector
26. 25 Rwanda is promoting nine agriculture subsectors with great growth prospects & opportunities Horticulture Irrigation & mechanization Meat (non- poultry) Seeds & fertilizers Pasteurized milk, other value-added products, cold chain management Broiler farming, hatchery, egg production, meat processing & packaging Pig & cattle farming, breeding, meat processing & packaging Grain farming, feed production – input for the livestock processing sectors Production and processing of high value products such as essential oils and dried fruit Production of fingerlings, fish farming, processing & packaging Aggregation, trading and distribution of crops Seed and fertilizer production and processing Irrigation and mechanization projects to modernize agriculture Dairy Crop Sourcing Feed Poultry Aquaculture
27. 26 Five investor-ready projects Kigali Wholesaler Market – fresh produce market of Rwanda Kigembe Fish Farm – leading mass producer of fish and fingerlings Rwanda Farmers Coffee Company – State of the art roasting company Bella Flowers – leading modern rose exporter Gabiro Irrigation - Irrigated land for commercial use Further investment opportunities Gako Beef Project Rutsiro honey produ.& processing Agrigo Poultry Project Pork Processing opportunity Macadamia processing 1 Pineapple processing 2 3 4 5 6 Fish cage development 7 Coffee production on Kivu Belt Burera Dairy processing plant Nyamagabe district tea estate A dehydration facility for fruits & veg Seed processing plant 8 10 Irrigation projects 9 10 11 12 13 18 specific projects/opportunities will be showcased to interested investors
28. 27 Housing/real estate Manufacturing Tourism BPO and ICT Agriculture and agro- processing ... across wide range of economic sectors in this remarkable nation Mining and quarrying Energy/water Infrastructure Knowledge Finance
29. 28 THANK YOU & A WARM WELCOME TO RWANDA