Rwanda looks to long term with range of power technologies
Issue 259
- 26 Jul 2013
| 6 minute read
Rwanda’s post-war economic transformation has been held up as a model for development in Africa, despite controversy over President Paul Kagame’s support for rebels in Democratic Republic of Congo, which saw several donors suspend aid in 2012. Economic growth averages 7%/yr and there has been significant progress in key areas such as healthcare and education. A debut bond issue in April raised $400m and was nearly eight times oversubscribed. Foreign Policy magazine’s 2013 Baseline Profitability Index rated Rwanda as the fifth best investment destination in the world.
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