Here’s how Rwanda plans to position itself to attract investment, drive economic growth in 2020
Rwanda saw double digit growth in quarters two and three of last year, prompting the International Monetary Fund (IMF) to revise their growth projections to over 8 per cent for 2019, but what will be the main drivers of Rwanda's economy in 2020? CNBC Africa's Arnold Kwizera talked to economic Analyst, Ted Kaberuka for more.
Thu, 09 Jan 2020 14:32:15 GMT
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AI Generated Summary
- Rwanda's double-digit growth in 2019 has positioned it as an attractive destination for foreign investors and analysts
- Long-term policy decisions in sectors like construction, finance, and tourism are driving economic growth in Rwanda
- The establishment of the Kigali financial hub and upcoming events like the Chogam meeting are set to boost Rwanda's financial and tourism sectors
Rwanda saw an unprecedented double-digit growth in quarters two and three of last year, a development that has captured the attention of foreign investors and economic analysts alike. With the International Monetary Fund (IMF) revising their growth projections to over 8 per cent for 2019, the country has positioned itself as an attractive destination for investment and economic growth. CNBC Africa's Arnold Kwizera sat down with economic Analyst, Ted Kaberuka, to explore the key drivers of Rwanda's economy in 2020 and the sectors that are poised to attract significant investment. Beyond the immediate impacts of the construction industry and the upcoming Commonwealth Heads of Government Meeting (Chogam), Kaberuka shed light on the long-term policy decisions and investment opportunities that will shape Rwanda's economic landscape in the coming year. As Rwanda solidifies its position as a burgeoning regional hub for finance and tourism, the stage is set for sustained growth and development in the country's key sectors.
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