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      BVF vows to overcome sponsorship hurdles

      BVF vows to overcome sponsorship hurdles

      BOKA Aims to Host Two Prestigious International Karate Competitions

      Mixed fortunes for BOKA: Sets Sights on Ambitious Goals for 2024

      Botswana to host Africa Youth games

      Botswana to host Africa Youth games

      Less Rewards for The Mares after Historic WAFCON Feat

      Mares eye TotalEnergies Women Africa Cup of Nations qualification

      No House For Tebogo Despite Astral Performance in Budapest

      BNOC Leaves BAA on The Dark Regarding Paris Olympics Preps

      Botswana is using Women’s COSAFA for Development – Coach

      Mares buoyant despite Olympic qualifier setback

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      Rwanda: 2Q23 GDP comes in at 6.3% y/y​ ​​

      mm by RMB Africa Research
      September 20, 2023
      in News
      Reading Time: 1 min read
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      Rwanda: 2Q23 GDP comes in at 6.3% y/y​ ​​
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      RWANDA: The economy grew by 6.3 percent y/y in 2Q23, relative to 7.5 percent in 2Q22. The agriculture sector was flat (-0.0 percent y/y) as the production of food crops decreased by 3 percent due to lower harvests.

      Modest improvement in forestry and fishing countered the effects of the decline. Meanwhile, the industry sector grew by 6.1 percent y/y and contributed 1.1ppt to overall GDP growth. Within industry, mining and quarrying activities increased by 6.8 percent y/y, while manufacturing grew by 7.8 percent and construction increased by 4.3 percent.

      The services sector posted growth of 9.9 percent y/y and contributed 4.8ppt to overall GDP growth. Within services, wholesale and retail trade increased by 6.4 percent y/y, while transport services increased by 8.0 percent. In terms of expenditure, total final consumption expenditure (government and household consumption expenditure) increased by 3 percent y/y on the back of strong government consumption. Meanwhile, gross fixed capital formation declined by 9.6 percent y/y as inventories declined. Meanwhile, exports of goods and services increased by 22.6 percent y/y, while imports of goods and services decreased by 3.7 percent.

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