Browsing: Rwanda’s GDP growth

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Rwanda’s economy is one of the fastest growing in Africa. It has a ready market of over 12 million people with a rapidly growing middle class.

  • Rwanda’s economy is one of the fastest growing in Africa, with a ready market of over 12 million people and a rapidly growing middle class
  • Potential investment opportunities are in agriculture, infrastructure, energy, tourism, information and communication technology
  • Rwanda has an array of investment incentives for investors ready to invest in the key priority sectors, including a seven-year tax holiday for those investing over US$50 million
According to the African Development Bank Group, the country recorded a Gross Domestic Product (GDP) growth of 10 per cent in 2021. The growth was driven by expansion in services (12 per cent), industry (13 per cent), and agriculture (6 per cent). In 2022 and 2023, GDP growth is projected at 6.9 per cent and 7.9 per