Country Summaryrwanda.JPG

Rwanda’s long-term development goals are embedded in its Vision 2020. Vision 2020 seeks to transform Rwanda from a low-income agriculture-based economy to a knowledge-based, service-oriented economy with a middle-income status by 2020.

World Bank’s Doing Business 2014 report cited Rwanda as a “top performer,” one of the most improved economies in 2013. The landlocked country is currently ranked the second easiest place to do business in sub-Saharan Africa. Yet, despite its business friendly reputation, Rwanda lags behind in foreign direct investment compared to some of its East African neighbors. In 2013 Rwanda’s GDP growth slowed to 5% compared to previous years where the growth had been around 8%.

According to Heritage Foundation’s 2015 Index of Economic Freedom, Rwanda’s economic freedom score is 64.8. Rwanda received the same score the year previous despite having improved in half of the 10 economic freedoms, including freedom from corruption and trade freedom. Its score was undermined by a significant decline in business freedom. Rwanda is ranked 4th out of 46 countries in the sub-Saharan Africa region.

According to World Bank’s Enterprise Surveys 2013 data, poor infrastructure, the lack of access to electricity and limited generation capacity are some of the major constraints to private investors in Rwanda. The Rwandan government has implemented numerous reforms to improve its business environment and reduce the cost of doing business.

United Nations Conference on Trade and Development STATS.

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Published on February 13, 2017
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Coffee handlers’ training will maintain coffee quality – Uganda experts

Published on January 27, 2017
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Mak to build Shs70 billion innovations hub

Published on January 27, 2017
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Uganda’s coffee exports increase in quality and quantity

Published on January 19, 2017
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Seizing AGOA Opportunities in East Africa: African Growth & Opportunity Act (AGOA)

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Coffee farmers to be registered for proper planning

Published on January 12, 2017
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One-stop border posts praised for making EAC a leading trading bloc in Africa

Published on January 11, 2017
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Flower exports start to recover

Published on January 11, 2017
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