Tag Archives: Rwanda

Rwanda, Inc. Authors Editorial in FORBES

The Markets Endorse Rwanda’s Path To Economic Growth

By Andrea Redmond & Patricia Crisafulli

300px-President_Paul_Kagame_of_Rwanda_by_David_Shankbone1
President Paul Kagame of Rwanda at the 2010 Tribeca Film Festival.
(Photo credit: Wikipedia)[/caption]

Amid the rhetoric, pro and con, around Rwanda, the impartial voice of the marketplace has spoken, with a ringing endorsement of its economic turnaround and prospects for continued growth.

Last week, Rwanda’s debut on the global bond market raised $400 million with an offering that was heavily over-subscribed by nearly eight times. Final yield on the 10-year bonds of 6.875% was less than reported expectations in the low-7% area, due to strong buyer interest. Proceeds will go to repayment of bank loans, infrastructure such as a hydropower project, expansion of the national airline RwandAir, and the completion of a convention center in the capital of Kigali.

The successful bond issue triggered a flurry of enthusiastic postings on Twitter from Rwandan government officials (very savvy users of social media). Finance Minister Claver Gatete hailed a “great day for Rwanda after the investors have shown confidence in our economy….” President Paul Kagame tweeted his congratulations to those who worked to bring the bond offering to a successful conclusion, adding “Let’s continue forward.”

Amazon Best Business Book

As seen on Amazon.com:

RWANDA, INC. by Patricia Crisafulli and Andrea Redmond hits No. 9 on the Amazon Best Business Book list for November, and will officially be on sale on November 13th.

Rwanda, Inc. Endorsed By Former President Bill Clinton!

As seen on Amazon.com:

Rwanda, Inc.: How a Devastated Nation Became an Economic Model for the Developing World
by Patricia Crisafulli and Andrea Redmond

“In Rwanda, Inc., Crisafulli and Redmond recount the rise of an unyielding people and their chief executive, President Paul Kagame. The Rwandans, rallying around their national pride, have built