Rwanda

Rwanda’s economy will probably expand 7 percent this year on higher agricultural output, the National Bank of Rwanda said. Growth in the central African country may accelerate from 6 percent last year, Francois Kanimba, the bank governor said June 27 in an interview in Kigali. ?Growth will be higher this year because agricultural production has improved because of good rains,? he said. Agriculture accounts for 40 percent of Rwanda’s GDP, Kanimba said. Growth is being driven by improved production of food and cash crops, especially coffee and tea, the two main foreign-exchange earners. A demand for quality hosing also resulted in growth in the construction industry, the governor said. (Bloomberg)