Rwanda’s economy grew 7.5 per cent in the second quarter of 2022, thanks in large part to the services and industry sectors.

The outlook is contained in the latest gross domestic product (GDP) update released Thursday by the Ministry of Finance and Economic Planning.

From April to June, the monetary value of all finished goods and services produced in Rwanda was estimated at Rwf3,279 billion, up from Rwf3,025 billion in the previous quarter, it says.

According to the official figures, services related to hospitality registered high growth; notably meetings, conferences, and other events.

Hotels and restaurants grew by 193 per cent, transport activities by 27 per cent, and education by 14 per cent.

Financial services grew by 10 per cent, with Information and Communication growing 8 per cent.

Meanwhile, agriculture grew by only 2 per cent while industry grew by 6 per cent.

Details to follow...