Bosco Hitimana
Monday, 6 September 2010
KIGALI RWANDA - Rwanda's economy will grow in the range of 7- 10% this year higher than 6-7% previous projection.
Last year, the economy grew at 6% from 11.6% in 2008.
Continuing performance in agricultural production and significant recovery in services and industry sectors justifies the new revised growth rate, according to the National Bank of Rwanda.
The bank says inflation is expected to reach 6.4% at the end of 2010.
The agricultural sector grew at 8.2% in volume of foodstuffs production between January and June 2010 after a two year sustained growth.
The sector contributes over 34% of Rwanda's economy and employs more than 80% of the working population.
Exports value and volume continues to grow.
Tradable coffee is estimated to reach 26,000 tons compared to slightly over 14,000 tons in 2009 because of use of more fertilizers.
Production of tea rose from 11,246 tons in the first six months of 2009 to 13,306 in the same period of 2010, an increase of 18.3%. Companies in the industry | More » |
