Rwanda’s energy sector presents vast investment opportunities for the private sector as the country seeks to become a middle-income economy by 2035.

Through the Rwanda Development Board (RDB), various incentives have been put in place to encourage investments in the sector as per the new Investment Code, published on February 5, 2021.

In addition, RDB is working with relevant stakeholders and partners such as Energy Private Developers, Rwanda Energy Group, the Ministry of Infrastructure, and Rwanda Utilities Regulatory Authority (RURA) to achieve the country’s universal electrification target by 2024.

Driven by its fast-growing industrial sector, Rwanda has a growing demand for on-grid electricity. With sufficient energy supply, the country’s manufacturing and clean energy sectors will grow significantly and contribute to Rwanda’s green economy.

Other than on-grid electrification projects, there are vast opportunities in the off-grid sector. The Government aims to enable households, especially those in rural areas to access electricity through off-grid electricity solutions such as solar energy.

Currently, 15.9% of Rwandan households have access to off-grid electricity, and the Government targets to grow the access level to 48%, presenting untapped opportunities for investors.

RDB continues to encourage and facilitate private sector investors in various ways including connecting them to local and foreign financiers and investment banks that provide affordable loans for investments in the energy sector.

For further information/assistance, please contact us at info@rdb.rw