R W A N D A
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A frica :
R wanda
Eastern Africa: Rwanda Overview Rwanda had a GDP of USD $9.5 billion as of 2019 and a population in 2020 of 13.0 million.333,334 This study estimates that Rwanda has approximately 123,496 small and medium-sized enterprises (SMEs) and 2.6 million jobs, of which 19% are formal employment. The IMF’s initial estimates (post-COVID-19) expect Rwanda’s economy to grow at a rate of 6.7% in 2021, an adjustment of -0.2% from pre-COVID-19 estimates, after a slowdown to 3.5% growth in 2020.335,336 The population is expected to grow 2.5% annually.337 This annual growth will lead to a working age population (15-64) of 9.7 million people by 2030.338 This study has estimated that there are 4,300 social enterprises in Rwanda, employing 18,300 people directly. There are expected to be approximately 23,300 direct jobs in social enterprises in Rwanda by 2030, a projected increase of 5,000 from 2020. As discussed further below, government and private support for the agricultural sector, increased demand for affordable housing, and growing adoption of mobile banking are expected to drive job creation in these sectors. Additionally, social enterprises in the agricultural sector are expected to provide a significant amount of additional income opportunities, driven by technical and operational support offered by the government. Figure 31 shows the total number of direct jobs in social enterprises in 2020 and 2030 (projected). 25 K
20 K
23,261 18,278
15 K
10 K
5K
0
Number of jobs 2020
Number of jobs 2030
Figure 31: Estimated direct jobs in social enterprises in Rwanda 2020-2030
