World Bank: Tourism, key sectors to help Rwanda grow by 7.2pc

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Residents of Kivuruga in Gakenke District, Rwanda take their farm produce to a local market. PHOTO | NMG

The World Bank projects Rwanda’s economy to grow 7.2 percent between 2024 and 2026, driven by global tourism, new construction projects, and increased manufacturing activities.

A report by the bank shows that “fiscal consolidation will continue, focusing on reducing subsidies, overseeing state-owned enterprises, and introducing tax policy measures to broaden the revenue base.”