Rwanda’s Economy to grow by 6.5% in 2018

This was announced by the Central Bank Governor, John Rwangombwa while presenting a monetary policy and financial stability statement on Tuesday.

“This year we expect to perform much better than last year, we project a growth of 6.5 percent. We are seeing better climate conditions this year that will impact positively on our economic performance,” he said.

At least 70 percent of Rwandans are farmers, the national statistics body says, growing crops like maize and vegetables for local use and tea and coffee for export.

The central bank said inflation is expected to be around 5.0 percent in 2018, slightly up from 4.9 percent last year.

Rwangombwa said that the east African nation was still collating figures, but would most likely hit or surpass predicted 5.2 percent growth for 2017.