outward bound

Paul Kagame and Rwanda Inc. target foreign opportunity

in depth

This article is part of the dossier:

How Kagame does business in Africa

By Romain Gras

Premium badge Reserved for subscribers

Posted on May 10, 2023 09:41

Having become an essential economic player in Rwanda, the holding company, owned by the ruling party, is now expanding across the continent, driven by the diplomatic efforts deployed by Kigali. A deep dive into the heart of a group created in the aftermath of the genocide and whose operation remains very secretive.

This is part 1 of a 3-part investigative series

As indispensable as it is secretive, Crystal Ventures (CVL) has always had a special status since its creation as Tri-Star Investments in 1995. Owned by the Rwandan Patriotic Front (RPF), the party of Paul Kagame, this private conglomerate initially played a central role in the reconstruction of the national economy after the genocide against the Tutsi.

28 years later, CVL is omnipresent in the country, from roads built by the NPD-Cotraco company to Inyange fruit juices that fill store shelves. The holding company claims to employ more than 12,000 employees and to have carried out no fewer than 23,000 projects.

Tentacular presence

Its influence in sectors such as construction, consumer goods and services, like that of the RPF in politics, makes it a central player in the Rwandan economic landscape. According to its critics, its tentacular

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime