Analysis of the telecom Industries Business Potential between the Rwanda and Gujarat / India
Overview of investment in Rwanda
1. Economy
There is a Sustained high growth in real GDP 2007 – 2011 and has stable inflation and exchange rate. Previous 3 year GDP growth rate is one of the highest among major African economies and neighboring countries.
2. Robust governance
• A clear vision for growth through private investment set out by President Kagame (Vision 2020).
• Rwanda is politically stable with well-functioning institutions, rule of law and zero tolerance for corruption.
• A global report on graft by anti-corruption watchdog Transparency International has ranked Rwanda the least corrupt country in East Africa, 4th least corrupt country in Africa and 49th in the world.
3. Investor friendly climate
• Rwanda is the 2nd best global reformer in 2012.’
• It is the most competitive place to do business in East Africa and 3rd in Africa according to WEF Global Competitiveness Report 2012.
• It is the 2nd most reformed country in the world.’
• It is the third most competitive place to do business in Africa’
• It is 1st Most competitive place to do business in EAC region’
• It is the 8th easiest place to start a business
• The registering process timing for the business is very short i.e. 6hrs compared to the other African countries.
• It is19th easiest place to pay taxes worldwide.
• ‘B’ ‘country credit rating upgraded to a with a positive outlook by Standard & Poor’s and Fitch ratings in 2012.’
Rwanda’s Fitch rating is supported by solid economic policies and a track record of structural reforms, macroeconomic stability and low government debt (22.8% of GDP).
4. Access to markets
Local market of over 11 million people with a ra...
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...ent with Karnataka State Electronics Development Corporation Limited (KEONICS) to develop the ICT sector. The agreement emphasises the common desire to promote bilateral trade and industrial relationship between the state of Karnataka and Rwanda.
Williams Nkurunziza, Rwanda’s High Commissioner to India, signed the agreement with Hari Kumar Jha, Managing Director of KEONICS. According to the statement from the High Commission in New Delhi, KEONICS will soon expand its operations to Rwanda to provide expertise in ICT and electronics on mutually acceptable terms.
The company sets to provide advice and capacity building in the fields of IT education, consultancy, infrastructure, engineering and service like e-governance solutions among others. KEONICS is regarded as the pioneer of the IT revolution that has made Bangalore a global household name in ICT development.
A Thousand Hills to Heaven, published this past November, gives a current perspective on Rwandan culture, politics, and economics. The book’s title is a connection between the nation’s nickname, “the land of a thousand hills,” and Heaven, Josh Ruxin’s restaurant. Heaven sits atop one of the thousand hills and represents economic and emotional progress for the country. The book is relevant to the international development community because every United Nations member state is racing to complete the Millennium Development Goals (MDG’s), signed in 2000. The MDG’s are a UN enterprise that challenge the global community towards eight different development targets. Rwanda, though one of the most impoverished nations in the UN, is one of the closest to completing several of the goals by 2015. A recent UN report said, “Rwanda is very likely to meet – and possibly even surpass – the MDG targets for child and matern...
Sierra Leone has made significant growth over the past decade in terms of post-conflict recovery and is now firmly on the path towards the further alliance of peace and democracy and long-term sustainable development. The post-conflict economic performance of Sierra Leone has been strong. Statics from United Nations Development Programme show that the Growth in Gross Domestic Product picked up from 4.5% in 2010 to 5.3% in 2011, with positive contributions from all sectors of the economy (UNDP, 2012).
"News." Africa Continues to Grow Strongly but Poverty and Inequality Remain Persistently High. N.p., n.d. Web. 26 Nov. 2013.
Sibomana, A. 1999. Hope for Rwanda: Conversations with Laure Guilbert and Harve Deguine. Pluto Press, London, UK, 205 pp.
The Group is now one of the largest manufacturing conglomerates in sub-Saharan Africa and is pursuing further backward integration alongside an expansion program in existing and new sectors.
The Indian Express. India ranked 94th in Corruption Perception Index ratings says Transparency International. The Indian Express. December 5 2012. Web. Available at: http://archive.indianexpress.com/news/india-ranked-94th-in-corruption-perception-index-ratings-says-transparency-international/1040857/
The history of Rwanda is very interesting. Rwanda is located in East Africa, in East africa people were not treated as equal. Today eastern africa is way different from how it is now. Back int the 1996s the africans faced many problems. Some of the problems include how the Tutsi people were treated and also how the Hutu people. Genocide was a big problem in Rwanda.
Genocide, destruction, poor infrastructure, Rwanda a recovering country that cannot shed it’s bad reputation. Before Belgium colonized Rwanda there were Hutu’s and Twa’s, later on in the 1300’s the Tutsi’s migrated over. When these ethnic groups met they created a common culture and language, they were equals. However the ethnic divisions perpetuated by Belgium resulted in a Genocide that tarnished Rwanda’s global image. People can note that Belgiums reign created chaos and terror, in addition politic issues regarding government power and the treatment of it’s people shaped modern day Rwanda.
experiencing growth rates in GDP per head at around 6% to 7% compared to the 2%
Rwanda is striving to provide quality education to all children. The political will and the state commitment to provide education to all citizens regardless of their different needs is also clarified by the national constitution of June 2003, emphasizing both rights of education for all and special provision to learners with disabilities and other educational disadvantages:
The Grand Coalition Government officially launched the Vision in July 2008. The agreement of the Vision 2030 built on the successful implementation of the 'Economic Recovery Strategy for Wealth and Employment Creation’, saw the country's economy back on the path to rapid growth since 2002, when GDP grew from a low 0.6% and rose gradually to 6.1% in 2006. The Kenya Vision 2030 is the national long-term development blueprint that aims to convert Kenya into a newly industrializing, middle-income country providing a high quality of life to all its citizens by 2030 in a clean and secure environment. (Vision) The Vision encompasses three key pillars: Economic; Social; and Political. In today’s world, technology is so important because it connects the world, and it can help you create and implement a vision very efficiently if you know how to use it. Kenyans are becoming more and more technologically advanced every year. Technology is a key backbone to all three the pillars in The Kenya Vision 2030. The Economic Pillar aims to achieve an average economic growth rate of 10 per cent per annum and sustaining the same until 2030. The Social Pillar seeks to engender just, cohesive and equitable social development in a clean and secure environment, while the Political Pillar aims to realize an issue-based, people-centered, result-oriented and accountable democratic system. The three pillars are anchored on the foundations of macroeconomic stability; infrastructural development; Science, Technology and Innovation (STI); Land Reforms; Human Resources Development; Security and Public Sector Reforms. The Kenya Vision 2030 is to be implemented in successive five year Medium-Term Plans (MTP), with the first such plan covering the period 2008...
What makes economic growth so interesting is that it enables a country to do so much more than they are financially capable of to date, through economic growth a country can also help to lower the countries deficit. To date The Bahamas government have invested millions of dollars into the economy such as new roads and highways, schools, hospitals, hotels etc. If an economy makes an investment it is to improve and encourage growth within their economy. In my opinion economic growth is beneficial to any economy although there are a number of hurdles that must be crossed to really feel and see the economic growth. This research paper is to enable a better understanding of the economic growth and how The Bahamas has grown and investments that they have made to sustain the economies developments.
Artadi, Elsa V., and Xavier Sala-i-Martin. The Economic Tragedy of the XXth Century: Growth in Africa. Cambridge, MA: National Bureau of Economic Research, 2003. Print.
According to Collier & Dollar, (2001) economic growth is normally dependent on the nature and quality of economic policies that a country implements. In South Africa, soon after apartheid the government have tried to wrestle with the multiple objectives which are namely to reduce poverty, increase employment, increase international trade as well as increasing the rate of economic growth. According to Mohr et al, (2015) the macroeconomic objectives are used to assess the performance of the economy. The five macroeconomic objectives that will be discussed in this assignment are firstly the economic growth, full employment, price stability, balance of payments and equitable distribution of income. The assignment will then evaluate each of the objectives of macroeconomic growth and asses where South Africa as a country is performing on each of these respective points.
In Africa 2010 the economy Africa had a huge economic impact,especially a great impact in the industry effects. The National Associations of Automobile manuf...