Last year, Rwanda recorded economic growth of 9.4% and GDP reached 9,105 billion Rwandan francs (about $9.6 billion). Figures were provided by the country’s National Institute of Statistics (NISR).
NISR says the good performance was driven by agriculture (24%), industry (18%) and services (49%) sectors. Agriculture was supported by growth in food crops (4%), while growth in export crops was 5%, mainly due to growth in coffee and tea (7% and 3% respectively).
The industry sector was boosted by construction and manufacturing, which grew by 33% and 11% respectively. In services, growth was driven by an increase in wholesale and retail trade of locally manufactured and imported goods (16%); transport services (12%); financial services (8%); and hotel and restaurant services (10%).
On the other hand, in the mining sector, exports of cassiterite and wolfram declined by 23.7% and 6.6% respectively, while Coltan exports increased by 42%.
André Chadrak
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Over 67,000 ineligible names identified and deleted from public payroll Exercise targets irregularities, duplicate records and unverifiable...
Ghana ordered major miners to transfer operations to local contractors by December 2026. Authorities aim to build national mining champions capable of...
45 African countries enacted data protection laws, while 16 adopted national AI strategies. 39 countries now operate fully functional data protection...
S&P Global Ratings ranked 25 African sovereigns by exposure to the Middle East war on April 23 When read against IMF and World Bank reports issued in...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...