Rwanda has averaged real GDP growth of 8.8% annually over the past 25 years and 7.4% over the past decade, the fifth-highest growth rate globally and second only to Ethiopia in SSA. However, like Ethiopia, growth has so far been driven largely by the...

The investment to realise that manufacturing potential is likely driven by serving local and nearby regional markets in contrast to North Africa (EU exports) or South East Asia (global exports and China relocation). Our relative scorecard uses the sa...

While the COVID-19 crisis is sending shockwaves around the globe, low-income developing countries (LIDCs) are in a particularly difficult position to respond. At the same time, limited resources and weak institutions constrain the capacity of many LI...

At the end of January, I stood beside Murchison Falls with my family, drenched in the spray of the world’s most power waterfall, and I reflected on how much can change in a generation. Comparing the modelled outcome for Africa in 2021 with the curren...

Similar to Kenya’s policy changes, the National Bank of Rwanda has issued new regulations to cushion the banking sector in response to the Covid-19 pandemic. It had a net loan/customer deposits ratio of 109.8%, and we believe the bank will need to sc...

Earlier this week, the Government of Rwanda and Qatar Airways signed an agreement to build a new international airport c25km southeast of the capital Kigali. Qatar Airways has agreed to take a 60% stake in the US$1.3bn airport. The first phase of the...