Macro - Country Economic Forecasts - Rwanda
The National Bank of Rwanda's latest monetary policy and financial stability report indicated that FDI surged by 63.5% y/y in H1 2024 to $289m. The financial sector remained the largest recipient of FDI as foreign banks acquired several domestic banks. Other sectors that received notable FDI injections are the ICT, energy, manufacturing, and tourism sectors. The World Bank's Business Ready (B-READY) report, released in September, revealed that Rwanda has the most accommodative business environment in Africa. We expect continued investment inflows to spur broad-based business activity growth in the medium term.
- Rwanda: Foreign investments jumpstart broad-based projects
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Background
- Economic developments
- Structure of the economy
- Balance of payments
- Policy and politics
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