Rwanda plans to triple revenues from sporting events

On 15 February 2023 at 07:04

The Ministry of Sports (MINISPORTS) has announced plans to triple revenues generated from sporting events in 2021.

It was disclosed on 10th February 2023 as the Minister of Sports, Aurore Munyangaju Mimosa hosted various leaders of sports associations, the Rwanda Olympic Committee and sports journalists.

Apart from discussions sports development policy, participants were also taken through the sector’s contribution to national economy .

Minister Munyangaju said that Rwanda earned over US$6 billion during difficult times of COVID-19 pandemic noting that the amount is expected to triple in 2023.

"The US$6 million was generated during COVID-19. If we were able to earn that amount, we expect increased revenues this year that can increase threefold," she said.

Minister Munyangaju disclosed that they are working with Rwanda Convention Bureau (RCB) to release figures for revenues generated in 2022.

The Permanent Secretary in the Ministry of Sports, Zephanie Niyonkuru emphasized that tourism plays an important role in generating revenues noting that the amount recorded in the previous years is expected to increase.

“We talked about US$6 million in 2021 but that’s from purchases. We expect sports-based tourism to be an integral part of our tourism. This sector can help us earn more through various activities,” he said.

In August 2022, the Ministry of Sports announced that Rwanda earned Rwf30 billion from sporting activities out ofRwf6.7 billion investment in the last fiscal year (2021/2022).

Events that Rwanda will host this year include the FIFA Congress scheduled on March 16 during which the President of this world football governing body will be elected.

The country will also host the finals of the Basketball Africa League which will be held at the Kigali Arena for the third time at the end of May.

The Kigali International Marathon is planned in June while the Afrobasket 2023, which will bring together women’s teams is due in July.

Events scheduled for August include the FEASSSA Games, the Giants of Africa Festival, and the second edition of Ironman race.

Minister Munyangaju disclosed that they are working with RCB to release figures for revenues generated in 2022.
The Giants of Africa Festival is due to take place in Rwanda in August this year.