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#RwandaDay2024: Francis Gatare’s optimistic outlook for Rwanda’s economic growth

By IGIHE
On 3 February 2024 at 10:36

The Chief Executive Officer of the Rwanda Development Board (RDB) expressed significant optimism about Rwanda’s economic future on Friday, February 2nd, 2024. These positive remarks were delivered on the inaugural day of Rwanda Day 2024, a pivotal event taking place in Washington DC, United States, with a primary focus on the economy.

The conference marking the commencement of an extraordinary day for the country, drew participants from the United States, Europe, and various regions, including numerous Rwandans from around the world.

During his address, Francis Gatare, the CEO of RDB, acknowledged the impact of the Covid-19 pandemic on Rwanda’s economy, aligning it with the challenges faced by many nations. However, he underscored that through substantial government efforts, Rwanda’s economic activities have not only returned to pre-pandemic levels but have surpassed them.

In 2022, the economy witnessed an impressive growth of 8.2%, with the tourism sector rebounding by 51% compared to the pre-Covid-19 period. Gatare confidently affirmed that the future of Rwanda and its economy is promising.

Actively encouraging investors to participate in Rwanda’s economic landscape, he highlighted sectors like mining that present significant opportunities for growth.

The conference featured discussions on economic topics and capacity development, engaging participants from the Rwandan diaspora and those residing in the country.

Notable speakers included Charity Kabango, co-founder of Entrepreneurial Solutions Partners; Pascal Murasira, director of Norrsken Africa; Jeanne Mubiligi from PSF, and Shawn McCormick, director of Trinity Metals Rwanda.

The International Monetary Fund (IMF) foresees a 7.5% growth in the Rwandan economy in 2024, reinforcing the positive economic trajectory for the country.


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