Fixing trade imbalance: Govt seeks to grow service industry
Rwanda expects to bridge her trade deficit by a huge margin in the next six year aided by a surge in overseas service trade.Statistics from the Ministry of Trade and Industry point to a strong growth in the service industry with a projected surplus of US$22m (Rwf18b) by 2017 mainly due to a rapid growth in tourism receipts and business process outsourcing.
Cargo containers at Magerwa. Increased importation of capital goods has been key to the country's swelling trade deficit (File photo).