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Rwanda registers 6.7pc GDP growth

Tuesday September 18 2018
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C&H garment maker with a factory in Kigali’s special economic zone. The country's GDP growth was led by a good perfomance by industries. PHOTO | FILE

By IVAN R. MUGISHA

Rwanda registered a strong GDP growth of Rwf2 trillion ($2.27 billion) in the second quarter of 2018 up from Rwf1.86 trillion ($1.12 billion) in the same period of 2017.

This represents a GDP growth of 6.7 percent.

This is a significant climb when compared to the 4percent GDP growth Rwanda realised in the second quarter of 2017 from the same period of 2016.

The growth was led by a good perfomance by industries, with their growth increasing by 10 percent and agriculture by 6 percent and services by 5 percent, government statistics show.

"The growth in the industrial sector was mainly attributed to manufacturing and construction activities which rose by 12 percent and 11 percent respectively," Ivan Murenzi, Deputy Director General of National Institute of Statistics said Tuesday.

Growth in agriculture was buoyed by export crops, mainly coffee and tea, which grew by 6 percent, while also food crops that are mainly traded and consumed locally grew by the same figure.

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Production of textiles, clothes and leather products increased by a whopping 13 percent, mainly boosted by Rwanda's stance against importation of second hand clothes.

"We have seen a boost in domestic production under the Made in Rwanda campaignand it clearly shows that it is paying off. Our forecast for the rest of the year remains unchanged at 7.1 percent. We still have six months to make reviews," Uzziel Ndagijimana, minister of Finance said.

Transport activities increased by 11 percent, boosted by air transport that increased by 17 percent.

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