Rwanda
Good climate conditions are expected to help Rwanda’s economy grow 6.5 percent this year, up from a projected 5.2 percent last year, the central bank governor said on Tuesday.
John Rwangombwa while presenting a monetary policy and financial stability statement said the country this year expect to perform much better than last year.
For Rwanda, we project growth of 6.5 percent,” he said .
“In Rwanda we all see better climate conditions this year that will impact positively on our economic performance,” he said.
At least 70 percent of Rwandans are farmers, the national statistics body says, growing crops like maize and vegetables for local use and tea and coffee for export.
The central bank said inflation is expected to be around 5.0 percent in 2018, slightly up from 4.9 percent last year.
Rwangombwa said that the east African nation was still collating figures, but would most likely hit or surpass predicted 5.2 percent growth for 2017.
Go to video
Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
01:41
Landslide in Rwanda causes devastation in bordering Congo
02:30
UK Rwanda plan impacting asylum seekers in Britain
11:07
The economic effects of child labor in artisanal fishing (Business Africa)
Go to video
At least 10 people killed as rebels seize a town in Congo's conflict-hit eastern region
01:53
Wet weather and disease hit African cocoa farmers, push up prices