Banks Outshine Agriculture, Manufacturing in GDP Input in Rwanda

Friday, March 28, 2014

Prime Minister Pierre-Damien Habumuremyi, yesterday, presented to both chambers of Parliament highlights of the performance of the service industry with focus on financial institutions, noting that the country is on course to achieving its targeted financial inclusion.

In order to achieve the country’s economic transformation and poverty reduction, Rwanda has set its goal on increasing financial inclusion to 80 per cent by 2017, through deepening and broadening the financial literacy of Rwandans.

The constitution requires the prime minister to present quarterly reports on several aspects of the nation. This first quarter, the premier opted to dwell his report on the performance of the banking sector and how it is contributing to national development.

Source: All Africa (link opens in a new window)

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banking, financial inclusion, mobile banking, poverty alleviation