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Invest in Rwanda, A Country With Unconventional Vision And Leadership

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Advertorial by Rwanda Development Board

Since the 1994 Genocide against the Tutsi, Gross Domestic Product (GDP) of Rwanda has risen from $752million to $9.5 billion in 2018, and the GDP per capita has grown from $125.5 to $787 during the same period. Due to Rwanda’s internationally recognized universal access to healthcare policy called ‘Mutelle de Sante’ life expectancy has risen from 29 years in 1994 to 67 years in 2016. Inflation has fallen from 101% in 1995 to 1.1% in 2018 and Rwanda has jumped over 100 places in the World Bank Doing Business Index, today ranking 38th globally and 2nd in Africa.

 Furthermore, with the 9 Year Basic Education policy, Rwanda has seen the average expected years of schooling rise from 6.2 years in 1995 to 11.2 years in 2017. These numbers, both the increases and decreases, are not merely statistics on paper, they reveal a people who have taken the reins of destiny into their own hands. Following the defeat of the genocidal forces by the Rwanda Patriotic Army rebels led by now president, Paul Kagame, many highly qualified development experts believed that the fabric of Rwandan society was irrevocably torn asunder. Over one million people had been killed in less than 100 days, over 3 million had fled the country to refugee camps in Tanzania, Burundi and the DRC (then Zaire), the national treasury was looted and there weren’t even pens and paper in government departments.

 Speaking to members of the Australian chapter of the YPO (Young Presidents Organization) in May last year President Kagame was asked this question, “experts say that a turnaround from a cataclysmic event such as genocide is supposed to take a century or at least a generation, how was Rwanda able to do so in only twenty years”? President Kagame mentioned the main aspects of the Rwandan turnaround; thinking big, having a vision, refusing to get stuck in the status quo, believing in, and having faith in the vision and, lastly, making sure that the journey is inclusive by bringing people in and creating possibilities for them to make their contribution.

 Rwanda does not have the usual ingredients for economic transformation. It does not have a wealth of natural resources such as oil or diamonds, it is landlocked, it has one of the highest population densities in the world. However, Rwanda has a will to build a better, more prosperous nation.

 What Rwanda did was put together a development plan called ‘Vision 2020’. This plan envisioned a Rwanda that was middle-income and knowledge-based. With a GDP growth rate which was dominated by double digits over the last 10 years, we are reaping the fruits of the ambitious plan.

 One of the fruits is the emerging MICE (meetings, incentives, conferences and events) sector. Who could have imagined that 25 years after the Genocide against the Tutsi, Rwanda would become home to one of the most iconic and most expensive buildings in Africa, the KCC (Kigali Convention Center)? The KCC, a venue that includes a five-star hotel and conference facilities that can host over 5,000 delegates, will this year host, among other world class events, the Commonwealth Heads of Government Meeting (CHOGM). To date, KCC has hosted the African Union Heads of State summit, the Transform Africa summit as well as a myriad of regional and international events and conferences.

 The KCC has not been the only such ‘out of the box’ investment that the Government of Rwanda has made to create value where no one expected. A decade or so ago, the Government insisted on building the country’s very first five-star hotel, the present-day Kigali Serena hotel. Our development partners baulked at the investment, saying that there was no need for such a high-end facility. The Government, believing in its vision, went ahead and built the hotel thereby creating the anchor accommodation facility that opened Rwanda to the opportunity of becoming a regional destination for business travel and MICE. The country now has five 5-star hotels and more are opening up this year. Furthermore, high end accommodation establishments have opened their branches across different parts of Rwanda. To create the ecosystem that a vibrant MICE sector needed, the national carrier Rwandair was established, investments in skills and capacity building were made and the private sector was encouraged and supported to invest in the sector.

 Because the Government refused to take a laissez-faire attitude to the development of the MICE and the overall tourism sector, investments that we have registered in the sector as the Rwanda Development Board have totaled $1.5 billion since the year 2000. Hotel rooms have increased from 623 in 2003 to 14, 866 in 2018, tourism revenues have jumped from $131 million in 2006 to over $300 million with MICE tourism revenue numbers growing from inconsequential numbers in 2000 to $55 million in 2018. We expect that all the numbers will grow by at least 10% per year and projections show that the tourism sector will be worth $800 million by the end of 2024.

 This might seem ambitious, but we believe in our vision and we are actively working towards fulfilling it. That is why we partnered with different partners, including but not limited to Arsenal FC and Paris Saint Germain, English and French football teams respectively, to market Rwanda as a destination for tourism, MICE and investment. That is why Rwandair is increasing both its fleet as well as its destinations in Africa, North America, Europe and Asia and that is why we are currently building a new international airport in Bugesera, on the outskirts of Kigali, in partnership with Qatar. In addition, we have taken an active role in building an Africa that freely trades with itself through the African Continental Free Trade Area (ACTFA) and internally we have reformed both our business environment and visa regimes.

The business community has followed our lead. Last year, we registered over $2.4 billion in investments on the back of over 8% GDP growth. Leading global businesses such as Volkswagen, Motorola Solutions, Andela and Radisson today provide jobs to young Rwandans graduating from global institutions of learning that are based in Rwanda such as Carnegie Mellon University. In addition to the recent opening of the first smartphone factory by Mara Phones; companies including Volkswagen (in partnership with Siemens), Ampersand, and Safiride are also rolling out environment friendly transport solutions through electric vehicles and motorcycles on the street of Kigali and other parts of Rwanda.

 When we tell businesses that Rwanda is the right place to invest in, we are confident that they will find the right environment to thrive. Why? Because we built that environment.

Mr. Zephanie Niyonkuru is the Deputy Chief Executive Officer, the Rwanda Development Board. The Rwanda Development Board is a one stop shop for investors, bringing business registration, investment promotion, tourism, ICT development, SMEs, human capacity development, privatization and specialist agencies under one institution.

Zephanie Niyonkuru

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How Inverroche Is Pioneering South Africa’s Craft Gin

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Inverroche is a progressive craft distillery that pioneered craft gin in South Africa, creating uniquely South African spirits using rare hand-harvested wild African Fynbos botanicals. A true proudly South African product, Inverroche is built on family and prides itself in creating a niche product which looks as good as it tastes.

Lorna Scott

Founded by Lorna Scott and her family in Still Bay, this petite distillery has grown from a small home industry to a pioneering craft distillery and leader in the world of craft Gins. Inverroche is located in Still Bay in the Cape Floristic region which hosts one of the highest known concentration of plant species known as Fynbos. Famous for its large and diverse variety of botanical species – the South African heritage is intertwined beautifully into the Inverroche brand.

Fynbos has long been used by indigenous people for medicinal and culinary purposes but is now under threat due to agricultural development and invasive alien plants. Lorna felt that one way of preserving fynbos would be to find a commercial use for it and to create a global brand telling the story of these historically significant plants which contributed to the emergence and survival of modern humans. BY doing this she created an abundance of jobs for the local community and this is portrayed by the in excess of 70% local female workforce employed by the distillery.

The Inverroche distillery lies at the confluence of the Goukou River and the Indian Ocean near the coastal resort of Still bay in the Western Cape. Vineyards, olive groves and Fynbos surround the distillery itself, with ancient Milkwood trees marking the boundaries of the estate. The name Inverroche was an amalgamation of French and Celtic words, combined to celebrate the unique geography surrounding the distillery (‘Inver’ refers to the confluence of waters, ‘Roche’ is the French translation of the word rock).

The distillery’s three gins were launched on 16th December 2011, which incidentally, is also the first time that they opened their doors to the public. From selling a few bottles on that first day to now being the leading South African Luxury Gin in both South Africa and abroad.

Each variant of Inverroche (Classic / Verdant & Amber) is carefully created with fynbos from the various areas (Limestone rich lowlands / mountainous terrain / coastal region ) which make them truly unique spirits.

Try the below Gin & Tonic serve with the Inverroche Amber Recipe

Drink Serve Recipe

NAME: AMBER G&T

50ML INVERROCHE AMBER

200ML INDIAN TONIC WATER

3 DASH BITTERS

GARNISH WITH FIG JAM AND SESEAME SEEDS

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Charmaine Mabuza Honoured With FORBES WOMAN AFRICA Social Impact Award

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Brand Voice by Zamani Holdings and ITHUBA

Group CEO of Zamani Holdings, Charmaine Mabuza was honoured with the Social Impact Award at the 2020 FORBES WOMAN AFRICA Leading Women Summit held in Durban ICC recently.

This award recognizes Mabuza for her measurable philanthropy that has positively impacted the lives of many South Africans for the past 21 years. 

At the top of her philanthropical projects is the Eric and Charmaine Mabuza Scholarship Foundation which she founded with her husband, Advocate Eric Mabuza in 1999. The Scholarship Foundation started in Mpumalanga, where the Mabuza’s business hub is centered. Speaking to Ukhozi FM in an interview, Charmaine Mabuza said that together with her husband, they funded this foundation straight from their pockets. “Both my husband and I come from humble beginnings and we know what it’s like to not have means to study further, especially when you believe that education is your way out of poverty. So when we started making good profits from our small businesses at the time, we decided to dedicate a portion of our personal income to funding tertiary education fees of previously disadvantaged children”, said Mabuza.

Powered by Zamani Holdings, the Scholarship Foundation later expanded its reach to the rest of South Africa, supporting over 160 students countrywide, many of which have qualified as Doctors, Chartered Accountants, Engineers, Quantity Surveyors and many more. The 2020 Scholarship Foundation programme launched on 13 January, with an intake of 21 students.

Zamani holdings has empowered the rest its group of companies to roll out CSI initiatives that truly transform the lives of ordinary South Africans. At the forefront of these initiatives is ITHUBA, the South African National Lottery Operator and Zamani’s flagship company.

In July 2017, ITHUBA launched the ITHUBA Female Retailer Development programme, specially designed to empower women who own spaza shops and informal supermarkets, who currently sell National Lottery products, from all around the country. This included women from previously marginalized communities in the rural outskirts.

In collaboration with reputable institutions such as Regenesys and the University of Johannesburg, this programme has upskilled over 100 women in retail business. The latest group of 14 women graduated in October 2019 at the University of Johannesburg’s Kingsway campus, each being awarded a qualification in Advanced Entrepreneurship and Social Innovation.

Zamani’s Social Responsibility initiatives include:

  • ITHUBA Graduate Programme: An annual skills development programme for graduates within the Marketing, Finance, IT, PR, HR and Logistics fields, with intake of 13 students in 2020.
  • Youth Enterprise Development:  Eradicating youth unemployment through developing upcoming entrepreneurs and helping them build sustainable, profit making business. 
  • Housing project: A project that builds houses for employees in the lower income brackets, who have been in the employment of the company for 10 years and more.
  • A media campaign to condemn femicide and violence against women.

“I firmly believe that education is key to eradicating poverty and injustice. This is why all of our initiatives are based on imparting knowledge and skills. Through education we empower, through education we liberate” said Mabuza.

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FOCUS ON NIGERIA: The Next Level For Africa

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“Foreign companies, especially oil prospects and development companies, have been in Nigeria for about two generations – 40 years and above and so on. So, they know the environment. They stayed that long. They continue to invest because they know the potential Nigeria has in oil and gas and the capacity of the people to learn and work hard.” H.E. Muhammadu Buhari, President of Nigeria

With the recent re-election of President Muhammadu Buhari, Nigeria has secured an additional four years with an administration that is dedicated to the nation in its efforts to continue its path toward bringing Africa to the next level. With the largest population on the continent, domestic demand in Nigeria continues to rise while resources and favourable demographics are attracting the strong flow of FDI. As one of the leading markets in the continent, investment possibilities in the country cannot be overlooked. Improved macroeconomics, which are supported by recovering oil prices and production, has ensured that Nigeria maintains the title of the largest economy in Africa. This title is largely aided by Nigeria’s powerhouse of GDP generation: oil and gas.

Nigeria has seen strong and steady growth in the oil and gas sector over the past sixty years when petroleum was officially discovered. To bring the reality of the oil and gas industry into perspective, the first quarter of 2018 reported that sales of crude oil made up 76.3% of Nigeria’s export earnings, bringing in about US$11.7 billion. In the same time span, processed oil products (e.g. condensates and lubricants) earned an additional US$1.75 billion, which accounted for an additional 11.4% of the total export earnings. In regard to contributing to the immense success of the industry, Segun Adebutu, CEO of Petrolex says, “As integrated energy conglomerate with strategic investments across the energy value chain, we are committed to building communities, transforming lives and driving economic growth and development in Nigeria.”

Driving economic growth and development is ultimately the central goal of His Excellency President Buhari’s administration. H.E. President Buhari says, “The administration is committed to responsibly managing our oil wealth endowments.” The administration’s commitment is further brought to life through a focus on infrastructure development. Nigeria currently has several on-going and upcoming gas projects in the works for the rapid development of the country’s energy sector. One such project is the 614km Ajaokuta-Kaduna-Kano (AKK) pipeline. The AKK pipeline is a continuation of infrastructure built for the domestic gas market. “The AKK pipeline is part of the Gas Master Plan,” says Emeka Okwuosa, CEO of Oilserv. “It is going to move 1.5 billion scf of gas a day and provide resources for power generation and other energy requirements. It is not only a development of the north; it is such for the entire country. So, this single project can transform the whole of Nigeria in terms of industrial capacity.”

The implementation of the AKK pipeline will only further Nigeria’s potential in the industry, specifically by monetising the incredible opportunity in the gas market. Focus on this type of infrastructure is testament to how the current administration is embracing the Gas Master Plan, which is poised to help Nigeria become the gas hub of West Africa while improving the socio-economic development of the nation. Recently, State Minister of Petroleum Resources, Hon. Chief Timipre Marlin Sylva has declared 2020 as “the Year of Gas”, and this proves to be true as the country makes moves to capitalise on gas and improve its local energy distribution. With an extensive roadmap in place, the gas revolution is on the right track to usher in Buhari’s vision for a next-level Nigeria.

Reflecting this dedication to the next level of the sector, Chief Tunde J. Afolabi, Chairman & CEO of Amni, speaks of the potential of gas in the country: “Given that Nigeria has three to four times more gas than oil, companies such as ours should focus more on gas; in our discovery of gas reserves we should look to harness and monetise the gas as we go along. The government is making a requirement that when looking for oil, companies must find a solution for the gas before they are allowed to produce oil.” This mentality will inevitably evolve the prosperous sector toward new avenues and make even greater use of the natural resource. 

While the oil and gas industry continues to sustain further growth in forthcoming years, FDI remains crucial for the sector and new investments keep being launched to make sure it continues sustained growth and development. Tein T.S. Jack-Rich, Founder and President of Belemaoil, says “Nigeria has been pretty predominant in the oil business. Nigeria has great potential. We have the demographics to decide the right economic framework.”  Investment opportunities range from upstream oil and gas production, such as deposits or drill wells, or in downstream production that focuses on the post-production of crude oil and natural gas activities, such as seen in refineries plant production, or sales. Within any level of exploration, extraction or production, the partnering opportunities are immense.

Under the guidance of H.E. President Buhari’s administration and the Gas Master Plan, the oil and gas sector is destined to spur economic growth and drive industrialisation with linkages to other key sectors such as construction, ICT, power, railways and agriculture. H.E. President Buhari is confident in the future of Nigeria, saying, “We have laid the foundations for a strong, stable and prosperous country for the majority of our people.” As such, the upcoming years are sure to prove that the “Year of Gas” is, in reality, a new era for the industry, which will further signal a new age for Nigerians by creating jobs, facilitating investment, and offering greater access to electricity. While it is known that oil is a constant, Nigeria is showing that gas will continue to play an increasingly important role to ensure that the nation progresses forward towards the next level.

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