Rwanda: Dubai World Slashes Local Investments

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Dubai World, a major holding company owned by the United Arab Emirates, has scaled down its investments in Rwanda, preferring to concentrate on two projects out of a handful it had picked on.

Almost two years ago, the Middle-East giant announced it was to invest up to $230 million (approx.Rwf130bn) mainly in the hospitality industry.

The company promised to invest into Akagera National Park, home to the 'big five' wildlife species and re-develop Akagera Game Lodge.