Rwanda and six other African countries have exhibited economic resilience in recent past that saw them post annual growth rate above 5.4% in 2015-2017, according to a new World Bank report released yesterday.
The six others include Côte d’Ivoire, Ethiopia, Kenya, Mali, Senegal and Tanzania, said the latest Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.
These economies, the World Bank said, registered upswing in economic performance partly on account of strong domestic demand. “These countries house nearly 27% of the region’s population and account for 13% of the region’s total GDP,” it said in a press statement issued yesterday.
Rwanda’s economy grew by 5.9% in 2016, according to figures from the National Institute of Statistics of Rwanda (NISR).