Rwanda’s tour and travel business continues to shine

One of the world’s leading finance magazines called the Euro money not so long ago identified Rwanda’s first ever Eurobond as ‘2013 Deal of the Year’ and its only those that didn’t see the Phoenix rise from the ashes can be surprised at the achievement. The 400 million US Dollar bond issue was not just subscribed to at a fast pace but got such accolades from Europe’s leading financial pundits.

Tourism and aviation are two of the main beneficiaries of the funds raised, and the presence of Rwanda’s Minister for Finance Claver Gatete yesterday at the Kigali International Airport, witnessing the arrival of RwandAir’s latest acquisition, a brand new Bombardier Q400 NextGen was a sign of continued support that the government will give and has given to this venture which is considered to be a strategic investment.

There have been questions being asked if Kigali does need another 5 star hotel and so with the 350 million, they will set up a Kigali international convention center, adjoining a 5 star hotel and this will answer many in Rwanda’s tourism industry protected by the fact that Rwanda is considered as an A-grade gorilla tracking destination. Gorilla tourism has been very instrumental  in the growth Rwanda’s tourism industry but it needs more survive  the future, there should be some diversification, ensure sustainable  growth as well.  

The World Bank in fact has recognized all the developments and named Rwanda as the country where it was easiest in Africa to start a business and ranked number 32 of 189 in the world for ease of doing business after investing in the country. Regional powerhouse Kenya, in comparison, only came in as number 129, putting into some perspective the remarkable rise Rwanda experienced over the past years.

 Gorilla tracking news