The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Rwanda  
Rank: 99 · Score: 29.9  

Basic facts, 2017        
Population (millions) 11.9   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 8.4   M&A volume (quartile) Bottom
GDP per capita (US$) 706.4   Venture capital investments (quartile) Bottom
GDP growth (per cent) 6.2   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 99 21, 20, 24, 25, 26 29.9
1 Economic Activity 94 22, 37, 35, 32, 31 63.0
2 Depth of Capital Market 104 19, 16, 21, 22, 21 10.5
3 Taxation 103 57, 51, 50, 18, 22 79.9
4 Investor Protection and Corporate Governance 62 50, 53, 54, 49, 63 60.3
5 Human and Social Environment 29 88, 86, 89, 91, 96 62.5
6 Entrepreneurial Opportunities 112 17, 13, 15, 15, 13 28.6


 
Historic performance, 2014-2018   Key driver performance, 2018

   

VCPE Rank  
VC Rank  
PE Rank
Rwanda  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Envorinment
Entrepreneurial Culture
and Deal Opportunites
Ghana 79.4 24.5 86.5 64.7 44.2 33.2
Namibia 36.2 26.1 90.5 73.2 52.8 29.0
Malawi 52.4 17.2 84.2 54.0 38.7 31.1
Rwanda 63.0 10.5 79.9 60.3 62.5 28.6
Algeria 71.0 7.8 93.1 41.3 32.7 48.0
Ethiopia 87.4 6.9 88.3 31.5 37.7 28.7
Madagascar 64.1 6.9 80.0 42.8 27.8 34.6
Last updated: 3 Feb 2018