FOREIGN PRIVATE CAPITAL IN RWANDA Year 2017 40 Major policy implications are, but not limited to sustaining stable macro- economic environment, increasing and maximizing the gains from private capital flows thus contributing to job creation and economic growth. In addition, the measures being undertaken in the area of cost reduction of doing business are key in encouraging new investments and re-investment of earnings needs to be strengthened. The country needs to continue sustaining the achievements registered in the attraction and retention of private investments. As way forward, the results of this census should be used to guide policy makers on investment sectorial performance and as an evaluation tool of current interventions as well as the design of new policies and programs focusing on priority investment issues.
FOREIGN PRIVATE CAPITAL IN RWANDA Year 2017 41 REFERENCES Aswath D. (2007), Return on Capital (ROC), Return on Invested Capital (ROIC) and Return on Equity (ROE): Measurement and Implications, Stern School of Business. Business Monitor International (2011), Emerging markets monitor, World Bank, Washington,USA. Competitiveness Report (2014). Based on average ranking; United Nations Publications, Switzerland. Caves, R.E. (1982), “Multinational Enterprises and Economic Analysis”, Cambridge University Press, Cambridge and New York International Monetary Fund (2009). Balance of payments, manual sixth edition, Washington, USA. International Monetary Fund (2012). World economic outlook, Washington, USA. National Bank of Rwanda (2012). Annual report 2011, Kigali, Rwanda. National Bank of Rwanda (2013). Annual report 2012, Kigali, Rwanda. National Bank of Rwanda (2012). Foreign Private Investment and Investor’s perception 2011 report, Kigali, Rwanda. The World Bank (2011). Doing business 2012 The World Bank (2012). Doing business 2013 World Bank (2015). Doing Business’ Rankings 2013 & 2014, World Economic Forum Global 11. World Bank (2016). Doing Business’ Rankings 2014- 2015, World Economic Forum Global 11.
FOREIGN PRIVATE CAPITAL IN RWANDA Year 2017 42 ANNEXES Annex 1: Rwanda Working Group on Foreign Private Investment Monitoring and Analysis Reviewers
- Prof. KIGABO Thomas, Chief Economist and DG Monetary Policy
Directorate 2. KAMALI Wilson, Director statistics 3. NUWAGIRA Wilberforce, Manager, Balance of payments statistics Steering Committee
- NGANGURE Winnie, Head Aftercare and Facilitation, RDB
- MANZI Sebastien, Director of Economic Statistics Unit, NISR.
- KAMALI Wilson, Director Statistics Department, BNR.
- NTAGENGERWA Theoneste, Director Internal Audit, PSF Coordinator
- NTIRUSHWAMABOKO Dominique, BNR Technical team No Names Institution 1 MUGENZI Celestin BNR 2 NUWAGIRA Wilberforce BNR 3 BAHATI N. Emmanuel BNR 4 MFITUWAMPAYE Eristarique BNR 5 NDAGIJIMANA Denys BNR 6 MUVUNYI Yves BNR 7 BIMENYIMANA R. Washington RDB 8 MUHORAKEYE Josephine RDB 9 UWINEZA Pacifique PSF 10 NIYONSENGA J. Pierre PSF 11 MPAYIMANA Fabien NISR 12 TWAGIRAYEZU Theophile BNR
FOREIGN PRIVATE CAPITAL IN RWANDA Year 2017 43 13 MBABAZI Jovia BNR 14 BUGINGO Ronald RDB 15 HABIYAKARE John Eric BNR 16 NDARIHORANYE Augustin BNR 17 SHARANGABO David RDB 18 BEZA Hoziane Amen BNR 19 MUYUMBU Innocent RDB 20 MUKANTAGORAMA Rose BNR 21 GASAZA M. Tite BNR 22 NDWANIYE Desire BNR 23 MUTONI Cedric BNR
FOREIGN PRIVATE CAPITAL IN RWANDA Year 2017 44 NOTES
NATIONAL BANK OF RWANDA KN 6 AV. 4 P.O. Box: 531 Kigali, Rwanda Tel: (+250) 788 199 000 | Email: [email protected] Swiftcode: BNRWRWRW Twitter: @CentralBankRw | Website: www.bnr.rw