Kagame To Attract $2 Billion Investments In 2018

By David Himbara

According to the Kagame government, Rwanda will hit a US$2 Billion dollar mark of foreign investment in a single year — in 2018. The government says Rwanda drew US$1.6 Billion in 2017. The CEO of Rwanda Development Board, Clare Akamanzi, revealed these extraordinary figures in an interview with the French newspaper Jeune Afrique.

These numbers show extreme delusional grandeur — this government has no shame whatsoever

UNCTAD which monitors foreign investments shows foreign investment flows into Rwanda amounted to US$119 Million in 2011; US$255 Million in 2012; US$258 Million in 2013; US$459 Million in 2014; US$380 Million in 2015; and US$410 Million in 2016.

UNCTAD data from 2011 to 2016


According to UNCTAD data, the entire stock of foreign investment in Rwanda grew from US$55 Million in 2000 to US$2.2 Billion in 2016.

UNCTAD data from 2000 to 2016


In reality, the Kagame government attracted US$2.2 Billion of foreign investments in 16 years — between 2000 and 2016. Now, the same government would have us believe that it will attract US$2 Billion of foreign investments in a single year — in 2018. This is pure madness.