Investments key to Africa’s development – Kagame

International capital investment will be vital for African development, but governance reform should be indigenously driven and not imposed by external actors, says Rwandan president Paul Kagame. Mr Kagame, a softly-spoken former soldier, assumed power in 2000 and since then has overseen one of Africa’s – if not the world’s – most compelling stories of economic growth. Since the turn of the millennium, Rwanda’s GDP growth has averaged more than 7 percent per year. In the past five years the rate of that growth had been increasing, hitting a high of 11.2 percent in 2008, until the effects of the global economic downturn began to impact on the country, curtailing growth to 5.3 percent in 2009.
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Times Reporter