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Rwanda finance minister: economy to grow 7.1% in 2025, slower than 2024

By Thomson Reuters May 8, 2025 | 8:46 AM

KIGALI (Reuters) -Rwanda’s economy is forecast to grow 7.1% this year and jump to 7.5% in 2026, Finance Minister Yusuf Murangwa said on Thursday.

The economy is expected to grow 7.4% in 2027 and 7.0% a year later, he told parliament. The economy grew 8.9% in 2024, according to the statistics office.

Murangwa, who is presenting a draft budget for 2025/26 (July-June), did not give a reason for the slowdown in growth.

Rwanda’s economy largely depends on agriculture, tourism and manufacturing.

(Reporting by Philbert Girinema; writing by George Obulutsa)