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Invest more in agric, manufacturing to spur growth, experts say

Published on February 02, 2017

Rwanda’s economy grew by 5.2 per cent during the third quarter of 2016 with the country’s growth rate for 2016 projected to hit 6 per cent, according to government, the World Bank and the International Monetary Fund.

The services and agriculture sectors remain the biggest drivers of growth contributing 48 per cent and 33 per cent, respectively, to the total GDP during quarter three of 2016. The government targets to achieve 11.5 per cent growth rate per annual by 2018 to help propel Rwanda into a middle-economy status by 2020, according to the second Economic Development and Poverty Reduction Strategy (EDPRS II) blueprint.

To help support the realisation of these ambitious goals, economists and other experts are calling for increased investment and more public private partnerships (PPP). “We also have to watch the situation in the global and regional markets as it influences the performance of the local economy and has a lot of bearing on whether the country will be able to realise its growth objectives as per EDPRS II time frame.” Read more. Source | New Times