This was announced on Thursday as the bank presented the national economic outlook which showed that as export volumes increased, the value of-of imports also increased by 12.4%.
BNR Governor John Rwangombwa explained that the disequilibrium came about when the value of imports increased by 9.5% while exports increased only by 5.5%.
BNR explained that the increase in imports was a result of infrastructural projects which include the electricity plant being built in Gisagara, the Bugesera Airport, different Road construction projects, and more.
“Currently, the increase of Rwanda’s exports is credited to the introduction of Made-in-Rwanda,” Rwangombwa concluded.
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