Rwanda Development Board (RDB) has awarded 11 outstanding individuals and private companies during its 6th edition of the Business Excellence Awards, with the I&M Bank scooping the prestigious award of the night, ’Investor of the Year’.
The Business Excellence Awards took place on the night of January 18, 2019 amidst pomp and spectacle.
The categories that were awarded this year were; Investor of the Year, Emerging Investor of the Year, Exporter of the Year, Emerging Exporter of the Year, Innovator of the Year, Woman Entrepreneur of the Year, Young Entrepreneur of the Year, Made-in-Rwanda Enterprise of the Year, Emerging Made-in-Rwanda Enterprise of the Year, the Service Provider of the Year and the SME of the Year.
The Investor of the Year Award was given to the I&M Bank Rwanda, while the Emerging Investor Award was given to Afriprecast, a factory that manufactures precast concrete products.
The Exporter of the Year Award was given to the Africa Improved Foods. Last Year, the Food processing company scooped the 2017 Investor Award. The Emerging Exporter of the Year was awarded to Garden Fresh Ltd, a horticulture exporter in Rwanda, which grows and sells fresh vegetables and fruits to international buyers in the UK and Europe.
The Small & Medium Enterprise of the Year is Pascal Technology Limited, a Rwandan software company that provides ICT Solutions to developing countries in Africa, while the Service Provider Award was allocated to Legacy Clinics.
Officiating the event, Rwanda Development Board CEO, Clare Akamanzi noted the importance of the awards, to celebrate the contribution of the private sector, especially when good results have been registered. Ms. Akamanzi highlighted the milestones reached in 2018.
“RDB for the first time registered investments worth US$ 2.006 billion, an increase of 20% when compared to those registered in 2017. Of the total investments registered in 2018, an estimated 26% represents export-oriented projects,” Akamanzi remarked.
“Correspondingly there was a major highlight in the Doing Business performance where we hit our Vision 2020 target of being in the top 30 globally. The World Bank ranked Rwanda 29th globally in its 2019 Ease of Doing Business Report, and 2nd in Africa,” she added.
All these great results, she said, were made possible through strong partnerships.
The Minister of Infrastructure who was also the Guest of Honor at the Business Excellence Awards, Amb. Claver Gatete applauded the results of the Excellence Awards and observed that “when these awards keep getting bigger and better it is a sign that the private sector is growing”.