Ngirente assures entrepreneurs on hospitality investments

On 11 October 2017 at 02:05

The Prime Minister, Dr. Eduard Ngirente has called upon hospitality entrepreneurs from African countries to use the many opportunities available in Rwanda as Africa’s leading destination to invest in the country as the business environment is conducive and will be assured of good returns to investment

Ngirente made the call this morning while addressing participants in the Africa Hotel Investment Forum (AHIF) taking place in Kigali.

He said that Rwanda has made great strides towards boosting tourism sector and organizing meetings, incentives, conference and exhibitions (MICE).

Ngirente said that hotels contribute 8% to the Gross Domestic Product on the African continent, arguing that that for Africa to achieve its growth targets, more strategies need to be put in place to support investments in tourism sector.

He highlighted that hospitality in Rwanda has developed following initiatives that have been ushered in by the government, taking the sector to another level.

“Under President Kagame’s leadership, tourism has developed; we owe its growth to infrastructure development and partnerships with high profile international hotel brands that have come to Rwanda” he said.

The Premiere said that the country has committed to double tourism revenues from the 2017 target of USD404 million to USD800 million by 2024. The 2017/ 2018 Global Competitiveness report that was released by World Economic Forum ranked Rwanda in second position in Africa among the fastest developing countries.

“In this forumRwanda is delighted to showcase some exciting new investment opportunities in the growing tourism sector. I wish to assure all investors that investing in Rwanda is profitable due to its security and business friendly laws,” he said.The 2017 AHIF started on 10th and is slated to close today.

Prime Minister, Dr. Edouard Ngirente