Rwanda invites Russian firms to invest in local fertiliser production

Rwanda's ambassador to Russia, Joseph Nzabamwita, has invited Russian companies to invest in fertiliser factories in his country, TASS reported after a forum on the North Caucasus.

The ambassador said Rwanda was interested in buying mineral fertilisers but would prefer investment in manufacturing facilities within the country. In his assessment, local production would make the process more efficient and economically attractive for companies from Russia's regions.

He also invited Russian businesses to invest in Rwanda's mining industry, identifying industrial development as another area for bilateral cooperation.

Nzabamwita had encouraged Russian investment in September, when he pointed to tax incentives available to foreign businesses. Those included a seven-year tax holiday for investors committing more than $50 million, according to his earlier remarks.