Friday, August 10, 2018

African success

(cont'd from yesterday's post)

Rwanda's president, Paul Kagame, led the force that put an end to genocide in 1994. He became president in 2000.

Since then, the country's economy has grown about 7-8% per year. Compared to, say, America's historically typical 3%, it seems like really fast growth. It is fast - but consider that African countries have been behind the rest of the world economically, and Rwanda had a long way to go.

They still get foreign aid too, though they're working to eliminate it. Their economy is dominated by agricultural exports (ex: tea & coffee), tourism, and then less than 20% is foreign aid.  The World Bank considers Rwanda an African success with declining poverty and a stable business climate.

The Robb Report says that a Rwanda safari should be on your wish list.


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