2017 MINICOM Made in Rwanda Policy

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2017 MINICOM Made in Rwanda Policy

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Rwanda is a rapidly growing developing country, with average GDP growth of over 7% per
annum since 2010, backed by a strong policy framework. However, despite this, the country’s
industrial sector remains small, with most firms facing competitiveness issues due to several supplyside constraints, exasperated by the country’s small size and geographic location. 98% of Rwandan
firms are SMEs
1
, with limited access to finance, raw materials and skills. The cost of trade increases
sales prices by an average 20%2
and access to serviced land is limited. The economy remains largely
agrarian with a persistent trade deficit, despite emerging positive trends in recent years in terms of
diversification and the trade balance.

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