Seizing economic opportunities in Rwanda amidst global downturn
As Rwanda continues to raise her global competitiveness, the country is positioning itself as a major investments’ hub in the region. CNBC Africa spoke with Leonard Rugwabiza, Economic Advisor, Ministry of Finance and Economic Planning.
Tue, 28 Nov 2023 15:36:55 GMT
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AI Generated Summary
- Rwanda is focusing on attracting private investment in agriculture to enhance food security and promote exports.
- The development of the service sector, including tourism and finance, is a key priority for Rwanda's economic diversification.
- Regional collaboration and strategic planning are essential to address common challenges such as climate change and youth unemployment in Africa.
Rwanda, known for its rapid economic transformation in recent years, is positioning itself as a major investment hub in the region amidst global economic challenges. Leonard Rugwabiza, an Economic Advisor at the Ministry of Finance and Economic Planning, shared insights on the country's strategic focus areas during an exclusive interview. The Kigali Economic Forum served as a platform to analyze the current economic climate, discuss opportunities, and chart a course towards sustainable growth. Rugwabiza emphasized the importance of identifying key sectors for investment to drive Rwanda's economic development. Agriculture and services emerged as crucial areas with significant potential for growth and job creation. The country's efforts to attract private investment in agriculture, enhance food security, and promote exports demonstrate a commitment to leveraging economic opportunities. Additionally, a focus on developing the service sector, particularly in tourism and finance, highlights Rwanda's efforts to build a diverse and resilient economy. As Rwanda navigates global economic challenges and strives for competitiveness, Rugwabiza underscored the importance of regional collaboration and strategic planning to address common issues such as climate change and youth unemployment.
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