ICT steers Rwanda to knowledge-based economy

Flag map of Rwanda

Flag map of Rwanda

from PHYLLIS BIRORI in Kigali, Rwanda
KIGALI, (CAJ News) – THE Rwanda Information and Communications Ministry is upbeat the growth of the sector would transform the country into a knowledge-based economy.

Such projections are buoyed the government’s investment, which is at par with advanced economies, in the sector.

“Information and Communication Technology is a central engine to driving Rwanda’s transformation to a knowledge based economy, a fact Rwanda has acknowledged by allocating a budget to ICT – as a percentage of its GDP (gross domestic product) – that is at par with the OECD (Organisation for Economic Co-operation and Development) countries,” reads the statement made available to CAJ News Rwanda Bureau.

According to the ministry, Rwanda continues to be one of the fastest growing African countries in ICT.

“There are several avenues for growth for the ICT sector – from e-commerce and e-services, mobile technologies, applications development and automation to becoming a regional center for the training of top quality ICT professionals and research. A robust ICT industry can create wealth, jobs and entrepreneurs.”

Rwanda boasts a young and dynamic workforce, with the 98 percent of the population under 50 years, of which 43 percent is under 16 years.

The country is rated as the eighth-based to conduct business in the world.

The East African nation has zero-tolerance to corruption and highly-rated in that regard.

This is attributed to its strong and visionary leadership of President Paul Kagame, the techno-savvy leader.

A world-class infrastructure in the ICT industry is also seen enhancing the country’s economic development.

In Rwanda, the network coverage accounts for almost 100 percent of the country while the subscriber base is at 63,5 percent, equivalent to 6,7 million customers as of December 2013.

Rwanda’s internet penetration grew from less than 1 percent in 2000 to 13 percent at the end of December 2013.

In addition to existing ICT infrastructure as well as access network rollout programme, investment in a 4G LTE network is expected to increase penetration to at least 95 percent by end of 2016.

– CAJ News




Short URL: http://cajnewsafrica.com/?p=6280

Posted by on Jun 8 2015. Filed under Featured, Finance, Finance & Banking, Governance, Investing, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.