Why investors are betting on Rwanda


26 April 2013

For many African countries money for development comes from their own resources or from international aid donors.

Rwanda has taken a different route. This week, it went to the international financial markets to raise funds and it was an unmitigated success.

Rwanda launched a $400m (£260m) 10-year bond sale which was heavily oversubscribed, attracting investor offers of more than $3bn.

The bond issue will enable Rwanda to repay government loans, complete a conference centre in the capital, Kigali, and finance a hydro-electric power project which – if everything works to plan – should enable the country to reduce its energy imports.

To find out more, BBC Africa’s Komla Dumor spoke to the governor of the Central Bank of Rwanda, John Rwangombwa.

 

Source: www.bbc.co.uk

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