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Rwanda ranks among top African destinations for private investment in third quarter of 2024

By IGIHE
On 26 November 2024 at 11:18

Rwanda has emerged as one of the leading destinations for private investment in Africa, securing a prominent position in the latest Stears Private Capital in Africa Report for the third quarter of 2024.

The report, which analyzes private market transactions across the continent, highlights the continued vibrancy of Africa’s private capital landscape.

In Q3 2024, a total of 73 private market deals were recorded, with 39 of them disclosing a combined value of $2.27 billion.

Rwanda stood out in East Africa, contributing to 37% of the region’s private market transactions, making it the second-most active country in the region after Kenya.

Overall, Rwanda emerged 5th on the continent with 15% share of total African deals while Southern Africa accounted for the largest share of private market activity in Q3 2024.

Rwanda was recently ranked as the safest investment destination in East Africa in the ninth edition of the Africa Risk-Reward Index 2024, thanks to the country’s strong security and investment-friendly policies.

Key initiatives include the development of industrial parks, advancements in technology, and the expansion of infrastructure.

The view of Kigali, the capital of Rwanda. Rwanda has emerged among top African destinations for private investment in third quarter of 2024.

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