Rwanda registered US$2.62 billion of investment across 799 projects in 2025

Rwanda registered US$2.62 billion of investment across 799 projects in 2025, expected to create more than 38,000 jobs, according to the Rwanda Development Board's 2025 annual report. A UNDP Rwanda article published on 23 October 2026 noted that real estate, manufacturing and mining attracted the largest shares.

Actual inflows are measured separately in the Foreign Private Capital census run by the National Bank of Rwanda, RDB and the National Institute of Statistics of Rwanda (NISR). Its latest edition, covering 2024, found that foreign private capital inflows rose 23.9% to US$1,098.5 million. Foreign direct investment increased 21.8% to US$872.9 million, other investment 33.7% and portfolio investment 12.8%.

The financial sector received the largest inflows, US$299.1 million or 27.2% of the total, followed by manufacturing with US$267.1 million (24.3%) and construction and real estate with US$150.5 million (13.7%). Higher contributions came from Kenya, China, the United States, Germany, the Netherlands, the United Arab Emirates, the IFC, South Africa, the United Kingdom and Belgium, offsetting lower inflows from Mauritius, India and France.

Private sector external debt inflows rose 28.5% to US$543.6 million, and the turnover of companies in the census grew 10.5% to US$3,982.6 million. The census covered 424 enterprises, 380 of which responded.

The UNDP article said the next test is whether the gains reach small businesses, farmers and young people outside Kigali, and pointed to the 2021 Investment Code and the Kigali International Financial Centre as reforms supporting investment.