The economy is projected to reach ten percent by the end of the year. This has been attributed to the increase in activity in the agriculture and construction sectors.
Central Bank governor Francois Kanimba was quoted by the BBC saying that he sees no reason why economic growth can not grow by ten percent. Agriculture is particularly singled out as having a major contribution to this growth.
There has been a deliberate effort to bring back agriculture to the center of the economy. It remains the back bone of many developing countries’ economies, thus the major role it is playing in Rwanda’s growth.
By government providing inputs like fertilisers to farmers, the sector has experienced a turn around and in effect, impacted positively on the economy.
The same goes for the construction sector. Obviously, the Rwanda economy is increasingly becoming private sector led, and this is witnessed in the construction sector.
The government has played a great role in facilitating members of the private sector to do business and also in attracting foreign direct investment.
In attracting investment and also seeing to it that commitments are met, the government and leadership of the country is playing its strategic role in the economy.
It is well known that the top leadership of the country has played a leading role in facilitating all this. Thus we realise that though, government should let the private sector drive the economy, it also has a role of giving direction and intervening in strategic areas so as to facilitate growth.
What is important is for all the stakeholders to stay the course as the country continues on the path of economic transformation.