Rwanda relies on land to attract investors
(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.