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East Africa

Rwanda

Sovereign risk B+RWF

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Small but exceptionally investment-friendly economy. Recognized for regulatory clarity and consistent delivery of concessions.

GDP

$13B

Currency

RWF

Risk

B+

Open now

2

PPP pipeline

3

Bankable

0

0 tenders

Economy · Économie

National colours

Live exchange rate

1 USD =… RWF

1 EUR =… RWF

Reference rateopen.er-api.com

Unemployment

14.9%

2024 · NISR

Human Development (HDI)

0.548Medium

World rank #165 · UNDP 2023

HDR profile National HDR

Economic zones

EACCOMESAAUAfCFTA

Memberships & trade blocs for Rwanda

Public debt

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IMF program status

PCI + RSFActive

Rwanda — IMF engagement

IMF country page

Approved

Dec 2022

Envelope

Non-financial PCI + RSF $319M

Last review

5th review 2025

Policy Coordination Instrument — no financing, strong policy signal.

Source: IMF — Country Lending

Key sectors

Where deal flow is concentrated in Rwanda today.

Urban & Social

Housing, health, education

2

Digital Infrastructure

Data centers, fiber, sovereign cloud

1

Risk notes

Sovereign credit ratings

Long-term foreign-currency issuer ratings from the three major international agencies.

Stable · Aug 2025

Stable · Jul 2025

Sources:S&P Global Ratings Moody's Ratings Fitch Ratings

Bloomfield rating (regional scale)

African regional credit rating agency (WAEMU / CEMAC national scale).

Not currently rated by Bloomfield Investment Corporation.

Politicalmedium

Stable transitions of power, standard election cycles.

Macro / FXmedium

Manageable inflation with occasional currency pressure.

Regulatorylow

Established procurement code and PPP framework.

Executionmedium

Delivery track record varies by sector and sponsor.

National strategic plans

Official strategic plans and reference documents — download directly from source.

Vision 2050 & NST2

Government of Rwanda

Opportunities in Rwanda

3 live · $0.38Bn notional

Kigali Affordable Housing PPP — Phase I (5,000 units)

Land + off-take backed PPP to deliver 5,000 workforce housing units across four Kigali secondary centers.

Expected IRR 13–15%

National Fiber Backbone Expansion — Rwanda

Concession for the expansion and open-access operation of Rwanda's national fiber backbone, adding 3,200 km.

Digital Infrastructure

Kigali Secondary Health Network PPP

Design-build-operate PPP for a network of 6 secondary hospitals under a 20-year availability payment.