Rwanda

Rwandan economy growing 6.2% this year: finance minister

Rwanda’s economy is forecast to grow at a slightly slower pace this year before picking up speed again in 2024 and 2025, Finance Minister Uzziel Ndagijimana said on Wednesday. #Rwanda

Ndagijimana told parliament the economy was forecast to grow 6.2% in 2023 and around 7.5% in 2024 and 2025. The finance ministry estimates the economy grew 6.8% in 2022.

He said overall spending for the 2022/23 fiscal year that runs from July to June would rise by just over 2% to 4.76 trillion Rwandan francs ($4.42 billion) from the 4.66 trillion Rwandan francs announced in June when he first presented the 2022/23 budget.

($1 = 1,076.1300 Rwandan francs)

Reuters

Recent Posts

Stop Paying for Time. Start Paying for Value. Africa’s Workplace Model Is Broken And Smart Companies Can Fix It – Kennedy Muhindi

Across Africa, thousands of employees wake up every morning, sit in traffic for hours, arrive…

2 days ago

Personality of the Day: Who is Kawuki Peter?

Peter Kawuki: Human Rights Defender and the New Face of Leadership in Mpigi DistrictPeter Kawuki…

1 week ago

Here’s why Katende Patrick is poised to win the speakership race in Mpigi!

Here's why Katende Patrick is poised to win the speakership race in Mpigi!. Whisper Eye…

2 weeks ago

Masaza Cup 2026: Mawokota to Face-Off with Kyaggwe, Gomba and Others in MASENGERE Group

Masaza Cup 2026: Mawokota to Face-Off with Kyaggwe, Gomba and Others in MASENGERE Group as…

2 weeks ago

Breaking the Gavel: Anita Among Withdraws from 12th Parliament Speakership Race

The rain in Kampala had a way of flattening everything, turning the red dust of…

2 weeks ago

Nakwedde Vows to Champion Education, Health and Economic Empowerment in Kayunga District

Nakwedde Vows to Champion Education, Health and Economic Empowerment in Kayunga District. Kayunga District Woman…

2 weeks ago