Mereja Forum

August 07, 2019 at 10:17 am

OLUWABUSOLA FADIPE | Contributor

...The Rwandan economy is thriving on technology and innovation. The government has encouraged and invested in industrial activities by encouraging setting up of new industries by innovators and disruptors.

In the same vein, the government has created an avenue for local businesses to flourish while ensuring an enabling environment for foreign businesses to operate as well. Many of these businesses provide revenue base for the government..

August 07, 2019 at 10:17 am

OLUWABUSOLA FADIPE | Contributor

...Another factor responsible for Rwanda’s rise as an economic figure in Africa is diversification. Most African countries depend solely on natural resources as their only economic base, especially oil-producing countries thus, export is the major source of their revenue.

Rwanda, on the other hand, made efforts to ensure multiple revenue streams vis-à-vis agriculture, small scale enterprises and large industries.

Also, the government has equally made strides to fund tourism as another revenue point for the state, a strategy to ensure Rwanda becomes the destination for African Business meetings, expos, exhibitions and summits and a hub for African start-ups and entrepreneurs as well.

Again, the country has enjoyed political stability, a key factor for socio-economic development for the longest period of time under Paul Kagame...

Somaliman wrote: ↑

11 Aug 2019, 09:36

The "Rwanda’s rise as an economic figure in Africa" is mainly due to good governance and exemplary social responsibility!

Ethoash wrote: ↑

11 Aug 2019, 10:15

Somaliman wrote: ↑

11 Aug 2019, 09:36

The "Rwanda’s rise as an economic figure in Africa" is mainly due to good governance and exemplary social responsibility!

dont forget they r landlocked and very small nation and still they make it what was their secret could be apply independent Tigray who living under Amhara fano blockage for almost one years.

Ethoash wrote: ↑

11 Aug 2019, 09:12

the humanitarian and activist Awash ....Awash, first son (first blood )of Eritrea ..

u have good title .. i loooooooooooooooooooooooooooove this kind of success story..

Awash wrote: ↑

11 Aug 2019, 16:16

Ethoash wrote: ↑

11 Aug 2019, 09:12

the humanitarian and activist Awash ....Awash, first son (first blood )of Eritrea ..

u have good title .. i loooooooooooooooooooooooooooove this kind of success story..

Thank you, Ethoash. Very nice video presentation. As a human rights advocate, I have a little concern about the authoritarian tendency of Kagame. But, Rwanda's success in creating a sustainable, diversified economic system is remarkable.