Beed management private limited (“beed”), Nepal's premier management consulting and financial advisory services firm has won a global bid to work on a consulting contract with the Government of Rwanda.
Beed will be preparing a business plan for a cable car project on Mount Karisimbi along with undertaking a visioning and planning exercise for an Ecotourism Project.
The project involves establishing a cable car project on the highest peak in Rwanda Mount Karisimbi with a project cost of USD 35 million. The ecotourism corridor envisages establishing a 260 square kilometer area to promote eco-tourism so as to make Rwanda the premier eco-tourism destination in Central and East Africa. The eco-tourism will attract investments of USD 2 billion, according to a press statement issued by beed management.
Sujeev Shakya CEO, beed described this as a proud moment for Nepali firms to be able to win global bids and take their expertise outside the boundaries of Nepal. He said, "Our dreams of going international has begun, apart from remittance dollars, Nepal can now earn foreign exchange in the knowledge business also".
He explained that beed was introduced to Rwanda by Professor Arnico Pandey, a globally known Nepali scientist working in the field of climate change and atmospheric gases.
Dr Panday is leading a team from MIT to establish a Climate Observatory in Rwanda. In 2012, beed had conducted the pre-feasibility study of the project. The beed team includes, apart from beeds, architects and engineers who have worked in the Manakamana Cable Car Project and Prachanda Man Shrestha, ex-CEO of Nepal Tourism Board.
Rwanda is currently regarded as one of the most attractive foreign investment destinations in Africa and their USD 400 million Eurobond received a response of USD 3.2 billion in April 2013. A country that is just half the size of Bhutan with a population of 10 million has rebuild itself post genocide in 1994 in a manner that has become a role model for many developing countries.
"The country is similar to Nepal in terms of topography and terrain, but stand out in their firm determination to make things happen," Sujeev Shakya said.
Beed, established in 2008, has served over seventy clients across different sectors in the past five years. beed has also partnered with Bank of Kathmandu in managing the USD 14 million IFC SME Venture Fund, Business Oxygen.