Between 2000 and 2018, Rwanda’s economy grew by an average of 8%, the Finance Minister, Uzziel Ndagijimana (pictured), announced during the 17th National Dialogue held on 19 and 20 December 2019, in Kigali.
Over the period reviewed, GDP rose from 174 billion Rwandan francs (about $183.4 million) to 2876 billion Rwandan francs (about $3.03 billion) and the minimum wage increased 3.5 times. In addition, the domestic budget increased 26 times from 73 billion Rwandan francs (about $77.3 million) to 1,970 billion Rwandan francs (about $2.08 billion), enabling the country to be 84% self-sufficient in terms of budget. Also, poverty threshold dropped from 60% to 38% in 2018.
In terms of health, Rwanda has recorded a low maternal and infant mortality rate, thanks to the accessibility of health insurance and the increase in health infrastructure. Life expectancy has increased from 49 years in 2000 to 67 years in 2018.
At the level of education, there has been an increase in the number of students in high schools and universities. With regard to infrastructure, the government has built several modern infrastructures, increasing the number of beneficiaries from 2% to 52%. At the political level, the good economic management and development that have characterized the country are due, in particular, to the effective anti-corruption policy.
However, according to the Rwandan authorities, economic growth of 10% is needed to meet the challenge of youth employment. To achieve this, the country intends to rely on sectors such as agriculture, industry and services; with agricultural production at 8%, industry at 15% and services at 12%.
André Chadrak
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
The MTN Nigeria Dabengwa Tier 3 Data Centre is more than just a physical infrastructure project — it’s a foundational investment in Nigeria’s digital...
• South Sudan initiates a $58 million, four-year project to transform basic education nationwide.• The program aims to directly benefit over 300,000...
• Cape Verde reclassified as an upper-middle-income country due to a 16.8% rise in GNI per capita.• Namibia downgraded to lower-middle-income after a...
• Ivory Coast grants two new four-year gold exploration permits to Global Industries Sarl and Rampage Exploration Sarl.• National gold production reached...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...