Investments in Rwanda are increasingly African led and have become crutial in weaning the country away from the western capital.
Case in point is Nigeria which according to new data released in 2025 is now the largest African investor in Rwanda.
For example in 2024, Nigeria injected in Rwanda approximately U$300 million, while Eritrea invested about U$150 million and Ethiopia with roughly U$100 million.
These figures are more than statistics; they signal a powerful shift in how Rwanda is perceived across the continent.
Traditionally reliant on global and Western investment flows, Rwanda is now attracting substantial capital from fellow African nations, reflecting growing trust in its economic governance, political stability, and pro-business environment.
Nigeria’s leading position highlights Rwanda’s appeal to Africa’s largest economy and private sector, particularly in areas such as finance, real estate, services, and technology.
Investments from Eritrea and Ethiopia further underscore Rwanda’s role as a neutral, well-regulated gateway for regional and continental business expansion.
For Rwanda, this trend strengthens its vision of becoming a pan-African business and investment hub.
African-led investment brings not only capital, but also regional integration, shared market understanding, and long-term partnerships aligned with Africa’s development priorities.
It also supports Rwanda’s industrialization goals, job creation, and economic resilience by diversifying sources of foreign direct investment.
Ultimately, the growing flow of African investment into Rwanda reflects a broader continental confidence: Rwanda is not just open for business,it is becoming a preferred destination for African investors looking to grow, innovate, and compete globally from the heart of Africa.
By Andrew Shyaka
