The National Institute of Statistics of Rwanda (NISR) has announced that Rwanda’s Gross Domestic Product (GDP) reached Rwf 6.346 trillion in the first quarter of 2026, up from Rwf 5.276 trillion recorded during the same period in 2025, representing an economic growth rate of 10%.
The Secretary-General of the Commonwealth of Nations, Shirley Ayorkor Botchwey, has commended Rwanda’s progress in trade and investment, saying the Commonwealth should draw lessons from the country’s experience as it pursues institutional reforms.
Rwanda’s 2026/2027 national budget has been set at Rwf 7.796 trillion, representing a 12 percent increase compared to the revised Rwf 6.952 trillion budget for the 2025/2026 fiscal year.
Tanzania is looking to strengthen its cooperation with Russia and Russian companies, with expectations of attracting more than $2 billion in Russian investment as part of efforts to deepen bilateral ties.
South Africa’s Magda Wierzycka is embracing the future of technology by investing in artificial intelligence startups, aiming to empower local entrepreneurs and strengthen the country’s growing digital economy.
The International Monetary Fund (IMF) has approved a $250 million loan (approximately Rwf 365.75 billion) for Rwanda to support the country’s efforts to address economic challenges, particularly at a time when conflict in the Middle East is creating global economic uncertainty.
Zimbabwe mining sector shows strong progress driven by expanding gold reserves and production potential
OpenAI, the creator of ChatGPT, has started the process of going public in the United States, aiming to secure more funding as the global artificial intelligence market continues to expand rapidly.
As renewed tensions in the Middle East continue to disrupt global energy markets, Rwanda has stepped up measures aimed at protecting its economy from rising fuel costs and preventing a wider increase in the cost of living.
He made the remarks on Saturday during a press briefing focused on the overall state of Rwanda’s economy and the impact of the crisis in the Middle East on the country’s economic outlook.
