Rwanda is on path of economic recovery from COVID-19 pandemic shock: Finance Minister
Posted 4 years ago
by shakiez893
Rwandan announced its economy is on path of recovery after suffering a melt down during the covid-19 pandemic
According to Uzziel Ndagijimana, Rwandan Minister of Finance and Economic Planning on Tuesday May 4, the country's economy is getting back on track after a shocking meltdown amid the Covid-19 pandemic
He said this during a cross-listening event of stakeholders organized by MTN Rwanda, Kigali.
Ndagijimana noted that Rwanda's economy is expected to increase by 5.1 percent in 2021, 7 percent in 2022, 7.8 percent in 2023 &2024
Adding that the cross-listening was to show the confidence in the Rwandan economy.
The country's economy has made notable investment and provided a suitable environment for both local and foreign investments as the look forward to a National Strategy for Transformation and development blueprint vision by year 2050.
Rwanda is putting in place a strategy to become an international financial center to attract investors in the financial market across the globe he concluded.
Earlier reports suggests Rwanda's economy went down by 2.3 percent between 2019 to 2020 from initial 8.8 percent in the years before the Covid-19 pandemic.
MTN Rwanda is now the first telecom company to list its shares on Rwanda's stock exchange market.