Rwanda
Republic of Rwanda
Kinyarwanda • English • French
Currency RWF
Civil and Customary mix
EAC • COMESA • AfCFTA
Services led economy with a strong reform record and digital public services. Kigali is an events and aviation hub with growing ICT, finance, tourism, agro value chains, construction, and light manufacturing. Investment and company registration are streamlined through a one stop platform.
Overview
Growth is supported by services, construction, and exports of gold, tea, and coffee alongside high value conferences and tourism. Rwanda uses digitised platforms for business registration, tax, and public services. Investors interact mainly with RDB for facilitation, RRA for tax, and regulators for sector licences.
Snapshot
Population
~14.0 M 2024
World Bank and UN series
GDP current USD
$14 to $16 B 2024
World Bank WDI
GDP per Capita
$950 to $1,100 2024
World Bank WDI
Inflation y over y
mid single digits 2025
NBR and statistics releases
Policy Rate
about 7 to 7.5% 2025
National Bank of Rwanda MPC
Internet Use
~30% 2023
World Bank ITU series
Electrification
~70%+ recent
World Bank access
Market Note
RSE equities and government bonds
Rwanda Stock Exchange
Focus Sectors
ICT and Digital Services
MICE and Tourism
Tea and Coffee
Gold and 3T minerals
Agro processing and Horticulture
Financial Services and Fintech
Construction and Materials
Regional Logistics
Renewables and Off grid
Education and Health
Trade
Top Export Partners recent
- United Arab Emiratesgold
- Democratic Republic of the Congoregional
- KenyaEAC
- BurundiEAC
- Switzerlandgold
WITS and OEC profiles
Top Export Goods
Gold and bullion
Tea and coffee
Tin tungsten tantalum
Horticulture produce
Re-exports to region
Top Import Partners recent
- Chinalargest
- Indiamajor
- United Arab Emiratesfuels
- KenyaEAC
- TanzaniaEAC
WITS partner shares
Top Import Goods
- Refined petroleumenergy
- Machinery and electricalscapex
- Vehicles and partsautos
- Pharmaceuticalshealth
- Cereals and foodconsumption
Finance and Capital Markets
Currency and Policy
- CurrencyRwandan Franc RWF
- Policy rateabout 7 to 7.5 percent
- FX regimeManaged float with market auctions
National Bank of Rwanda
Markets
- ExchangeRwanda Stock Exchange equities and bonds
- Capital flowRegional listings and government debt auctions
RSE
Regulations and Taxes
Start a Business
- Register company at RDB one stop platform
- Tax registration and e filing at RRA
- Open bank account and payroll
- Sector licences via regulator such as RURA if required
- Social security with RSSB
- Use Irembo portal for selected public services
RDB and RRA and RURA
Key Taxes
- Corporate income tax30%
- VAT standard18%
- WHT dividends15% base
- WHT interest and royalties15% base
- E invoicingElectronic billing machines required
PwC WWTS and RRA
Talent
Median Age
~20 yrs
UN demographic series
Adult Literacy
low 70s percent
World Bank and UNESCO
Tertiary Enrolment
teens share gross
World Bank UIS
Languages
Kinyarwanda English French
Gov sources
Policy
- AfCFTAOperational with rules phased
- Digitale government services and national digital ID stack
- Trade facilitationOne stop borders and e customs in EAC
Gov and regional releases
Risks
- External demandCommodity and regional demand shifts
- LogisticsLand linked supply routes via neighbors
- FX and financingFunding costs and exchange risks
Macro and trade notes
Resources
RDB one stop
RRA tax
Irembo e services
National Bank of Rwanda
Rwanda Stock Exchange
NISR statistics
WITS trade snapshot
OEC country profile
Links open in a new tab.
Data notes
Replace any ranges with the latest values from RDB, RRA, NBR, NISR, World Bank WDI, WITS, and OEC when timestamping the page. The layout and classes mirror the Angola template for consistent styling.