Rwanda’s GDP declines by 12.4pc in the second quarter

Uzziel Ndagijimana.

Minister of Finance and Economic Planning Uzziel Ndagijimana. PHOTO | CHRISTOPHE HITAYEZU | NMG

Rwanda’s economy has been hit severely by the pandemic with various sectors registering a significant drop in production and consumption of services despite ongoing efforts by the government to revamp the economy.

While there has been an increase in economic activity, it is yet to significantly improve the country’s economic prospects as some sectors of the economy remain closed while the country’s hospitality and tourism sectors are yet to recover.