The Advanced Capital high level Investment group based in South Africa revealed plans of building a substantial investment portfolio in different disciplines across the country.
The announcement was made by Mrs. SindiI Mabaso Kayana, the Chairperson of Advanced Capital Rwanda who led the delegation of the South African Officials on 24th, September 2013.
According to Kayana, Advanced Capital will provide employment opportunities to the nationals and contribute in industrial business development towards economic growth and sustainability.
The aim of the visit to the Ministry of Infrastructure was to present their areas of specialization as far as investment is concerned and the business disciplines of interest in Rwanda respectively.
The Advance Capital-Rwanda has a vision of building a substantial investment portfolio in Rwanda in different disciplines in transport sector, such as Aviation, Railway.
This includes Bridge construction and other essential services in project management, contract management, and training services.
“This will be applied in different management and engineering services to enhance capacity building to local professionals in different sectors in Rwanda,” said Kayana.
Advance Capital subsidiaries offer an all-encompassing services ranging from mining, fire suppression technologies, vehicle and fixed fire suppression systems.
Others are engineering, electoral panel manufacturing, hydraulic solutions, drilling and blasting as well as planet hire.
Capital Advanced also aims to build sustainable businesses in Rwanda by unlocking substantial value through a powerful combination of financial and intellectual capital.
This in turn will enhance the most advanced investment and asset Management Company that will build sustainable business that delivers superior returns on a consistent basis.
A recent World Bank report ranked Rwanda the second most-reformed economy in the world over the last five years and the third (first in the East African Community) easiest country to set up a business in Africa.
Rwanda is the third-best place to do business in sub-Suhara Africa, ranked 52nd out of 185 countries globally, according to the recent World Bank report.
During the last quarter of this year, RDB registered investments worth $1.2b (about Rwf800b), of these, 22 were foreign investments worth $406.9m and nine were joint ventures worth $338.1m.