General
Rwanda’s economic structure is characterized by an overwhelming majority of population being employed in agriculture. The scarcity of land brings Rwanda to ask for policies that would reduce, over the coming years, the number of people depending on agricultural activities. Policies that promote education for all and especially professional trainings will help in shifting population from agricultural sector to any other sector in industry or services.
Friendly industrial policy has contributed to the general improvement of Rwanda’s economy. Privatization of former public enterprises confirms the government will of leaving economic activities to a competitive private sector.
A One Stop Board of local and especially foreign investors has been set up to shorten administrative procedures needed to start any business. Sound fiscal and monetary reforms are put in place with the aim of further improving the investment climate. The economy is opened and Rwanda is a member of COMESA’s Free Trade Area. Rwanda joined the East African Community (EAC), which regroups Kenya, Tanzania and Uganda, Rwanda and Burundi . Rwanda has now fully anchored in Central and Eastern Africa and will enjoy its strategic position of being at the centre of a market of more than 100 million people.
Rwanda has tremendous potential in tourism. With lakes, volcanic mountains, natural forests and a well looking landscape, “the country of thousand hills” is attracting more and more tourists every year, but the country can still do better. Promoting investment in tourism may reduce the gap between imports and exports values since tourism is seen as inward- exported good that enables government to get needed foreign exchange.
With an expanding financial sector, a strong investment in communication and ICT and the forthcoming EAC’s membership, Rwanda made a choice of strengthening her service sector and enlarging her market. Encouraging education for all, promoting private sector and ICT, opening the economy to a competitive world, working on sound fiscal and monetary policies and boosting the tourism is opening widely Rwanda’s economy towards sustainable development in a global market.
Source: rwandagateway
Friendly industrial policy has contributed to the general improvement of Rwanda’s economy. Privatization of former public enterprises confirms the government will of leaving economic activities to a competitive private sector.
A One Stop Board of local and especially foreign investors has been set up to shorten administrative procedures needed to start any business. Sound fiscal and monetary reforms are put in place with the aim of further improving the investment climate. The economy is opened and Rwanda is a member of COMESA’s Free Trade Area. Rwanda joined the East African Community (EAC), which regroups Kenya, Tanzania and Uganda, Rwanda and Burundi . Rwanda has now fully anchored in Central and Eastern Africa and will enjoy its strategic position of being at the centre of a market of more than 100 million people.
Rwanda has tremendous potential in tourism. With lakes, volcanic mountains, natural forests and a well looking landscape, “the country of thousand hills” is attracting more and more tourists every year, but the country can still do better. Promoting investment in tourism may reduce the gap between imports and exports values since tourism is seen as inward- exported good that enables government to get needed foreign exchange.
With an expanding financial sector, a strong investment in communication and ICT and the forthcoming EAC’s membership, Rwanda made a choice of strengthening her service sector and enlarging her market. Encouraging education for all, promoting private sector and ICT, opening the economy to a competitive world, working on sound fiscal and monetary policies and boosting the tourism is opening widely Rwanda’s economy towards sustainable development in a global market.
Source: rwandagateway
