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Rwanda relies on land to attract investors

Wednesday, 31 January 2018 08:13

(Ecofin Agency) - Rwandan authorities are working on a policy to facilitate land access in order to attract investors in special economic zones, Kigali in particular. The information was announced byVincent Munyeshyaka (photo), minister of trade and industry, as reported by Panor Actu.

“Investors looking to set up factories in special economic zones, will now have easier access to land, under a new policy which limits unnecessary increases in land costs, the ministry of trade and industry indicated. The new policy allows investors to acquire a long-term lease and take part to negotiation for land price,” explained the minister.

He stresses that the main objective is to curb and, subsequently, prevent land speculation. “You realize that prices are changing with negotiations and infrastructures built on the plot. Therefore, we want to stop land speculation,” he said.

In addition to Kigali’s special economic zone, the country has eight industrial parks in its districts.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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