Rwanda elections: Here's what's at stake
For the last seven years Rwanda has had immense economic growth cutting across different sectors from agriculture to education to technological advancements and in less than 72 hours Rwanda will be going into the national polls presenting an opportunity for a new administration. We take stock of the past seven years and what lies ahead for Rwanda, a country that has been ranked as one of the fastest growing economies in Africa. CNBC Africa’s Flora Limukii spoke with Teddy Kaberuka, Economic Analyst and Gonzague Muganwa, Political Analyst for this discussion.
Fri, 12 Jul 2024 10:15:06 GMT
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AI Generated Summary
- Rwanda has experienced significant economic growth in sectors like agriculture, education, and technology over the past seven years.
- The country faces challenges, including the impact of the Covid-19 crisis and structural issues like high unemployment rates and heavy debt burdens.
- Efforts are underway to achieve Rwanda's ambition of becoming a middle-income country by 2035, with a focus on productivity, skilling, efficient debt management, and strategic investment in key sectors.
Rwanda has been experiencing immense economic growth across various sectors such as agriculture, education, and technology over the past seven years. However, the country has also faced challenges, especially with the economic impact of the Covid-19 crisis. As Rwanda approaches national polls in less than 72 hours, the spotlight is on what lies ahead for this rapidly growing economy. CNBC Africa's Flora Limukii engaged in a panel discussion with Teddy Kaberuka, an Economic Analyst, and Gonzague Muganwa, a Political Analyst, to dissect the current state of Rwanda's economy and the ambitions for the future. Kaberuka highlighted the significant investments made in infrastructure development, including roads, buildings, and electricity, as well as the challenges posed by the Covid-19 recession. Muganwa emphasized Rwanda's ambition to become a middle-income country by 2035, citing recent impressive post-Covid economic recovery rates. However, he stressed the importance of enhancing productivity and skilling efforts to sustain this growth. Meanwhile, the debt to GDP ratio remains a concern for Rwanda, with Kaberuka underscoring the need for efficient debt management and investment. Both analysts discussed the progress made in sectors such as access to energy, clean water, education, and health, noting areas that still require attention like affordable housing and optimal utilization of resources. They also touched on the balance between investing in infrastructure and soft sectors like education, highlighting the importance of a strategic approach to economic development. As Rwanda prepares to usher in a new administration, the focus will be on addressing these challenges while capitalizing on the country's potential for continued growth and development.
