Economy and Business
Rwanda’s economy has tremendously recovered over the last two decades. Rwanda registered an average GDP growth of around 8 percent per year between 2001 and 2015. Collected domestic taxes increased 20 times while the national budget increased 14 times over the last 20 years.
2nd
best place to do business in Africa
1st
least corrupt country in East Africa
B+
Long-Term Foreign
4th
least corrupt country in Africa
6 hours
to register a new Business
8.6%
Real GDP Growth (2018)
Bilateral Cooperation
The Government of Rwanda through the Ministry of Foreign Affairs and International Cooperation thrives to ensure the promotion of bilateral cooperation with other countries all over the world. Rwanda engages other sovereign states with mutual respect between States; equality and complementarity; good neighborliness; respect of territorial integrity of other states; non interference in internal affairs of other countries; promotion and protection of mutual national interests.
Within the Ministry, the bilateral cooperation is carried out through three Directorates:
Multilateral Cooperation
Under multilateral cooperation, the Ministry ensures the promotion of multilateral cooperation between the Government of Rwanda and UN & International Development Agencies. Rwanda respects and fulfils its regional and international obligations. The country engages constructively with other nations around the world through regional and multilateral organisations (UN, AU, EAC, ECCAS, CEPGL …)
Integration and Rwanda’s broader international commitments:
Rwanda held chairmanship in two UN Security Council subsidiary bodies, mainly the 1970 Libya Sanctions Committee and the Ad-Working group on conflict prevention in Africa, for the period of 1 January 2013 to 31 December 2013. During the last year of its membership in the UN Security Council, Rwanda held the chairmanship of the Peacekeeping Working Group and the Chairmanship of the 1970 Libya Sanctions Committee.
Rwanda is among the top five UN troop and police contributing countries in international peacekeeping missions. Ten years after stopping the 1994 Genocide against the Tutsi, Rwanda deployed its first peacekeepers (155 soldiers), in August 2004, in Sudan to curtail the humanitarian catastrophe that was boiling in the western part of the Sudan – in Darfur.
Rwanda serves as the host country for the SDG Centre for Africa.
This Regional Economic Community that Rwanda re-joined in July 2016 will contribute to dealing with security threats in addition to the economic component. The 11 countries to fight threats and bring greater security in the region (genocidaires forces; human trafficking but also threats from extremist religious groups that try to recruit vulnerable people in many of our countries)
This community helps to foster economic development through regional projects to build infrastructure like roads that will un-lock Rwanda and offers less costly routes to export and import goods. EAC is one of the fastest growing regions in the world with registered average growth of 5-6% annually for the past decade; a total regional GDP of $100 billion and a population of 144 million people.
The Tripartite (Kenya, Rwanda & Uganda) Infrastructure Initiative became the Northern Corridor Integration Projects (NCIP) with the inclusion of South Sudan who had graduated from observer status to active member. Each country created a special office to coordinate the Initiative. The Presidents committed to meeting every two months, thus taking direct control of the Initiative. Some of the projects include the Standard Gauge Railway, linking Mombasa Port to Kampala-Kigali-Juba between Rwanda, Uganda, South Sudan and Tanzania; Airspace Management between Kenya, Uganda and Rwanda to strengthen collaboration among air space providers (airlines) in all areas: use of traffic routes, surveillance for increased security, efficiency for lower costs and fares for passengers
The Central Corridor Transit Transport Facilitation Agency (TTFA) is a multilateral Agency established on 2nd September 2006, formed by an Agreement by the five Governments of the Republic of Burundi, the Democratic Republic of the Congo (DRC), The Republic of Rwanda, The United Republic of Tanzania and the Republic of Uganda. - Roads, Railways, Waterways connecting Dar es Salaam Port to Burundi, Rwanda, Uganda and Eastern DRC. Rwanda and Tanzania launched a new modern Rusumo International bridge with the capacity of 400 tonnes in August 2014 replacing the old bridge that could only support 56 tonnes. The international bridge stretching 82 metres is meant to reduce traffic on the old bridge, which has been there for 40 years.