According to statistics provided by the Rwanda Development Board (RDB), the nation’s investment and tourist development organization, the nation attracted investments totaling $1.6 billion in 2022. Of these, 49 projects totaling $182.4 million, or 11.2%, were funded by China. India placed second with a portfolio of investments totaling $151 million, or 9.2%, and 36 projects.
Despite spending millions of dollars on investment and tourism marketing in Western Europe, India, and China continues to be the top two foreign investors in Rwanda’s economy.
Kenya, with an investment of $92.6 million or 2.5%, became the second investor. Only 2.2% of the total investment value, a $35.8 million investment was made in Kenya in 2022.
