“We are removing all barriers to private investment,” said John Rwangombwa, Governor of the National Bank of Rwanda, noting that his country had reduced the time it took to register a new business from two weeks to just minutes or hours by using an online, one-stop platform.
Rwanda’s competitiveness and ease-of-doing-business rankings had risen as a result, he noted.
“This creates an environment that attracts investors to bring in capital mainly through FDI (foreign direct investment) and also through IPOs (initial public offerings),” he said. “The main function of government should be to create an enabling environment.”
Due to the improved business climate, Rwangombwa remarked, “private investors are willing to co-invest with government in infrastructure”.
