INSUBCONTINENT EXCLUSIVE:
and medium-term growth prospects
performance has been impressive, with GDP expanding by 9.8% year-on-year in the second quarter of 2024
This growth slightly surpassed the 9.7% increase observed in the first quarter.The industrial sector led the charge with a robust 15%
growth, up from 11% in the previous quarter
GDP growth to reach 8.0% in 2024
Economic Growth Outpaces Peers
(Photo Internet reproduction)However, economic growth is expected to moderate to an average of 6.7% over the next two years
This deceleration is attributed to fiscal consolidation efforts and ongoing public investment in infrastructure projects.One of the key
Economic OutlookRwanda has made significant strides in managing inflation
However, inflation is expected to rise slightly to 5.9% in 2025.Despite these positive developments, Rwanda faces persistent challenges
governance relative to its peers, helps mitigate some of the associated risks
countries and is on par with Senegal but below Botswana with BBB+, the highest in Africa
