Short-medium term priorities (2020 – 2030)

Rwanda will continue to develop its SEZs and industrial parks to develop light industry and service sector agglomerations. This will involve increasing incentives for green growth for example aiming for “zero waste”, switching to lower-impact materials, and using onsite renewable energy generation for agro-processing and manufacturing to serve the local market and exports to neighbouring counties.

Long term ambitions (2030 – 2050)

In the longer term, innovation centres will foster high-tech service sector agglomerations providing high-skill jobs adapted to a fast-evolving world-economy and resilient to physical and transition climate change risks. This will include building a regional leading financial services sector and exploring sophisticated financial instruments (including labelled bonds), while creating an ecosystem for a cutting-edge knowledge economy, initially building data analytics capabilities to support key industries and over time investing in skills for advanced technologies such as block chain, artificial intelligence etc

Financing and unlocking implementation

The majority of finance for green industries will be mobilised from domestic and international investors, with policy, regulatory, and some financial incentives from public funding. In particular, through PPPs to provide enabling public sector investment in key industrial parks and to encourage location of high-value businesses to innovation and agglomeration sites. While the need for public funding is limited to around US$ 46 million in the next 5 to 10 years, this should be aiming to form partnerships with private sector operators to mobilise up to US$ 10 billion in investment over the coming decades.