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Could FDI be Rwanda's lifeline as donors pull the plug?

Rwanda has received significant support from international donor agencies to rebuild its economy since the 1994 genocide. With over US$1-billion a year, it has the highest donor aid per capita in East Africa (about US$85 a year), above countries like Uganda with US$43 and Kenya with US$60. Over 40% of its national budget is funded by foreign aid. However, aid flows to Africa are declining, and so may not be a reliable source of external inflow. According to a new study on Rwanda’s developm...
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Rwanda extends business recovery support program

The Rwandan government has extended by two years a program designed to boost the country's economic recovery following the COVID-19 recession, announced Prime Minister Edouard Ngirente Monday. The Manufacture and Build to Recover Program (MBRP) was introduced in 2020 to offer specific incentives such as tax breaks to private sector…
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