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Rwanda Business


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Economy

At the beginning of 2008, the 2nd Phase of the Rural Sector Support Project was launched. This phase of the project will focus on a Resettlement Policy Framework that seeks to build upon the first phase of the project. During this first Phase, which ran from 2001 to 2008, the focus was on building the institutional, technical, and human capacity needed to support the adoption of sustainable intensive agriculture in developed marshlands and surrounding hillsides. The 2nd Phase, 2008-13, aims at accelerating the pace of intensification and the commercialisation of agricultural production.

Private investment growth reflected large investments in many sectors in 2008. Nigeria's Industrial and General Insurance Company (IGI) acquired a controlling 35 per cent (RWF 1.6 billion)-(Rwandan franc) stake in Société Nouvelle d'Assurance du Rwanda (SONARWA), the largest insurance company in Rwanda. The African Development Corporation (ADC), a German-owned investment company, acquired 25 per cent of shares worth RWF 4.4 billion in Rwanda Development Bank (BRD) and another 70 per cent share ownership valued at USD 3.5 million in Rwanda's national electronic payment transactions provider. Nigeria's Access Bank also acquired 75 per cent of the shares in Bancor, the fourth largest commercial bank in Rwanda. ShoreCap International - comprised of a Chicago-based consortium of financiers, the Belgian Investment Company for developing countries ( BIO), and Tunisian AfricaInvest - acquired a 40 per cent stake worth USD 6 million in Compagnie Générale des Banques (Cogebanque), a Rwandan bank. Nakumatt Holdings of Kenya acquired control of Rwanda's largest supermarket, City Market, for USD 3 million. Further investments in Virunga Property Development, were expected to bring in another USD 18 million in 2008.

Both private and public consumption are expected to continue to grow. Growth in public consumption, however, is expected to weaken significantly in 2009 and 2010, contributing less than 1 per cent to GDP growth. Private consumption growth, on the other hand, is expected to increase by 9.9 per cent in 2009 before weakening in 2010 to 36.7 per cent. Overall, total consumption is expected to drive GDP growth in the short to medium term. The external sector's contribution to growth is expected to be negative. Imports are forecast to grow faster than exports leading to a worsening balance of trade position. The limited diversification of the trade sector remains one of the greatest challenges facing Rwanda, particularly given risks of reduced ODA in the wake of the global financial crisis.

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Political in Rwanda

Politic in Rwanda


Nation building efforts by the government after the devastation of the 1994 genocide are continuing. The government has chosen the path of reconciliation, unity, social cohesion and development as national priorities. In October 2008, steps were taken to strengthen all Rwandan political parties to enable them to engage in interparty dialogue and improve their capacity to organise, communicate, and reach out to constituents at the grassroots level. A presidential pardon extended to former president, Pasteur Bizimungu in April 2007, three years into his 15-year sentence, has been hailed as a positive step in ongoing efforts at national healing. At the regional level, Rwanda signed a peace agreement with Democratic Republic of Congo, which, among other things, requires the latter to repatriate detainees suspected of participating in the 1994 genocide.

Following the September 2008 legislative elections the ruling Rwandan Patriotic Front (RPF) won 78.6 per cent of the vote, with the Social Democratic Party (PSD) and Liberal Party (PL) sharing the remainder of the seats. The elections also resulted in women taking 56 per cent of all parliamentary seats, making Rwanda's Chamber of Deputies the first in the world with a female majority.
Rwandan President Paul Kagame won presidential election of 2011 with 93% of the vote. The result secures a second seven-year term for Mr Kagame and his party, the Rwandan Patriotic Front (RPF). .


Rwanda Political comments

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I just hope everything will be right and Lord protect us to no go back to violance.
Diara mondele, Rwanda


With assisanation atempt to Lt Gen Nyamwasa. It's make election in trick situation.
Jean Pierre , Rwanda


We all knew who will win. Ou Dear prident Mr.Paul Kagame.
Bela Linda , Rwanda, Kigali



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Usefull Information Rwanda

Top Hotels

  • Kigali Serena Hotel
  • Hotel Chez Lando
  • Gorilla's Nest Hotel

Top restaurants

  • Heaven Restaurant and Bar
  • Khana Khazana
  • Shokola

Place to visit

  • Ntarama Church
  • Akagera National Park
  • Nyamata Church

Internet Access

  • Rwanda has officially launched its new high-speed Internet connections, Kigali Wireless Broadbad (WiBro) and Kigali Metropolitan Network (KMN), after two years of infrastructure development by Korea Telecom (KT).
  • as close to 4 million Rwandans will gain access to high speed Internet in the next couple of years, thanks to Rwf 4,5 billion WiBro project.

Not to miss to see

  • Ntarama Church
  • Nyamata Church
  • Akagera National Park
Rwanda Usefull information comments

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Since genocide this country suffering so much in tourism.
John


The tourism industry's become to improve. It'll take time to recover but it'll recover.
D'evile


Our president is doing everything he can turn the page of this Country. In futre people will come to visit our country.
Mark Mutau



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