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Rwanda Economy Defies Global Tensions, Maintains Strong Growth

Rwanda Economy Defies Global Tensions

By Cremilda Macuácua, China Africa News
KIGALI, April 4 — Rwanda’s economy remains on a strong growth path despite rising global uncertainty linked to the ongoing conflict in the Middle East, Prime Minister Dr. Justin Nsengiyumva said on Friday.
Speaking during a press briefing in Kigali, Nsengiyumva said the government is closely monitoring developments related to tensions involving Iran, the United States and Israel, and is implementing measures to protect Rwanda’s economy and the livelihoods of its citizens.

He said Rwanda’s economy grew by 9.4% in 2025, up from 8.9% in 2024, significantly outperforming both the Sub-Saharan Africa average of 4.4% and the global average of 3.3%.
According to the Prime Minister, the growth was broad-based, driven by strong performance across key sectors. The services sector expanded by 9%, agriculture grew by 7%, while industry recorded the highest increase at 11%.

“Our economy is strong. We recognize that global challenges exist, but we are prepared to address them,” Nsengiyumva said. “Citizens should remain confident as the government continues to take appropriate and timely measures.”

Prime Minister Dr. Justin Nsengiyumva
Rwanda Prime Minister Dr. Justin Nsengiyumva

The Prime Minister noted that the government’s approach is focused on careful assessment of global economic trends, with policies designed to minimize exposure to external shocks, particularly those linked to geopolitical instability.
He also called on Rwandans to play an active role in sustaining economic resilience by using resources efficiently and continuing to support productive sectors of the economy.
As part of its preparedness strategy, Rwanda has strengthened its energy security, particularly in relation to petroleum products. The country currently maintains fuel reserves that can last for more than six months, helping to cushion against fluctuations in global oil prices.

In addition, the government is accelerating efforts to diversify energy sources and reduce reliance on imports by expanding investment in domestic energy production.
The Prime Minister highlighted a recent cabinet decision approving the power purchase agreement between the government of Rwanda and G2P Energy Limited related to their strategic investment initiative in generating electricity from methane gas in which 185 megawatt of electricity from methane gas extracted from Lake Kivu will be generated. The project is expected to be productive in 2029 and is seen as a key step in strengthening Rwanda’s long-term energy capacity.

He said such investments are critical to supporting sustained economic growth, industrial development and energy security in the face of global uncertainty.
Despite mounting geopolitical tensions and their potential ripple effects on global markets, Rwanda is positioning itself to remain resilient through proactive planning, economic diversification and continued investment in key sectors.

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