Rwanda’s economy is projected to grow to over 7.5 per cent in 2014, according to estimates made in December 2013 by the Washington-based International Monetary Fund (IMF) and welcomed by the president of Rwanda, Paul Kagame, whom many people in Kigali have started referring to as a dictator they way they do to his political mentor Gen. Museveni of Uganda.
Rwanda’s burgeoning sectors of construction, mining, agriculture, tourism, and services like insurance and banking have continued to attract investments and entrepreneurs. The World Bank says Rwanda is one of the best places to do business in the world.
Rwanda’s Finance and Economic Planning Minister, Claver Gatete, says the government in Kigali has cordial relations with European governments especially the Kingdom of Sweden, with the latter contributing $30 million in annual development aid to Rwanda.
Claver Gatete says more business ties will be encouraged between European countries and Rwanda along with the aid partnership that is normally renewed every three years.