Rwanda’s Economy grows7.8%in 2025 as BNR maintains stability Aimd Global shocks.

By Karungi Doreen

The Governor of the National Bank of Rwanda (BNR) has announced that the country’s economy continues to show resilience, despite ongoing global economic and financial uncertainties.

Governor of the National Bank of Rwanda, Soraya Hakuziyaremyi, stated that BNR remains committed to maintaining price stability within the range of 2% to 8%, while also promoting a reliable and inclusive financial sector as the foundation of sustainable development.

Globally, the International Monetary Fund (IMF) has projected economic growth at 3% in 2025.

In Sub-Saharan Africa, growth is expected to reach 4.3% in 2026, while oil prices are forecasted to decline by 17.4%, and food prices by 7%.

In Rwanda, the economy grew by 7.8% in the first quarter of 2025, mainly driven by industry, services, and agriculture.

Exports increased by 15.5%, largely due to coffee and its global market prices, helping to narrow the trade deficit to 2.9%.

The Rwandan franc depreciated by 2.96% in the first six months of 2025, compared to 2.73% in 2024, indicating reduced pressure on the foreign exchange market.

Regarding inflation, it remained at 6.7% in the second quarter of 2025, slightly rising to 7.3% in July.

The financial sector also continues to perform strongly, with non-performing loans dropping to 3.4%, while the sector’s return on equity (ROE) reached 14.8%.

The pension fund (RSSB) also recorded a 26% growth in assets, reaching Rwf 2.1 trillion.

In digital payments, transactions in the first six months of 2025 amounted to Rwf 68 trillion, equivalent to 343% of GDP, with E-cash now serving 2.1 million users.

Despite risks from international markets, including falling stock values and technological shifts, BNR stated it will continue to rely on data and analysis to safeguard the stability and integrity of the country’s economy.