Rwanda’s economy still may be small and predominantly agricultural, but in recent years, with political stability, it continues to grow steadily shifting to a supply economy. The major economic sectors have recorded remarkable progress and have improved internal resources to finance the budget.
Rwanda has put in place the Economic Development and Poverty Reduction Strategy (EDPRS 2008-2012) which provides a medium term framework for achieving the country’s long term development aspirations as embodied in Rwanda Vision 2020, the seven year Government of Rwanda (GoR) programme, and the Millennium Development Goals.
The major exports of Rwanda are coffee, tea, tin cassiterite, wolframite and pyrethrum. Coffee makes up more than 50% of the total export value, while the mountain grown tea is considered to be some of the finest in the world.
Recently, substantial private investments have been made in tourism and developing new industries such as cut flowers for export and fish farming. The full range of Rwanda’s resources have yet to be realized. Commercial fishing in Lake Kivu is in its infancy; there are vast opportunities in the emerging tourism industry. The labour force is dedicated, energetic and eager for training.
The government, through the Rwanda Investment Promotion Agency (RIPA) is ready to work hand-in-hand with investors to realize their goals and drive the economy forward to a better future. Opportunities abound for long-term, well-capitalized investors with ideas, imagination and business skills for an emerging economy.
EDPRS PDF
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