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Why Rwanda
Rwanda is one of the fastest growing economies in Africa. Rwanda serves as an ideal location for piloting products and solutions for the African market, presenting diverse business opportunities across various sectors such as energy and circular economy. Rwanda hosted The World Circular Economy Forum in December 2022, and there is interest towards Finnish circular economy solutions. Agribusiness and Forestry provide opportunities for Finnish companies. There is interest in Rwanda towards Finnish companies in the forest industry and agribusiness, especially wood harvesting, process technology, equipment, packaging, education, cold chains and value addition. The government aims to replace traditional subsistence farming with fully monetized and technology-intensive commercial agriculture and agro-processing.

Mining is the second largest export sector in the Rwandan economy. It is one of world's biggest producers of the 3Ts (tin, tungsten and tantalum) and has ample other minerals. The country has become a key regional mining location due to its stability and investor-friendliness. Rwanda’s application of geological mapping, airborne surveys, and geochemistry create opportunities for Finnish companies and Finnish know-how. In December 2023, Rwanda and the European Investment Bank (EIB) signed an agreement enabling a strategic alliance to enhance investment in critical raw material value chains in the country.

There is also interest for business cooperation in the field of Digitalization and ICT, Meteorology. Rwanda has an ambitious plan to digitalize its economy and society rapidly and has an interest to build connections with Finnish companies. Education is another sector, where Finland and Rwanda have interacted recently. Rwanda is looking for innovative EduTech solutions and is seeking to enhance the capacity of its vocational and higher education establishments.
Source: Ministry for Foreign Affairs of Finland, Business Finland