Reports in the African media say that Rwanda Convention Bureau (RCB) has joined global association of the exhibition industry, UFI. If confirmed, the East African country would become a member of an association that now represents around 50,000 exhibition industry employees globally and works closely with its 53 national and regional association members.
The RCB would have access to vital industry information through complementary publications and also to UFI’s studies and research programmes.
Rwanda’s capital Kigali claims to be the second-highest ranked meetings and exhibitions destination in Africa. The country is also well ranked in the Doing Business 2020 report published by the World Bank, ranking 38th out of 190 economies in terms of ease of doing business (the highest ranked country in Africa).
Investment inflows increased from US$382m in 2018 to US$420m in 2019, with funds mainly targeting mining, construction and real estate, infrastructure and information and communication technologies sectors.
The country has largely been politically stable since the 1994 genocide and the International Monetary Fund (IMF) and the World Bank have helped Rwanda make important economic reforms and sustain its economic growth over the last decade.
Rwanda was in the middle of an economic boom prior to the Covid-19 pandemic and economic growth exceeded 10% in 2019. The strong growth had been expected to continue in 2020.