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Rwanda is an agricultural country with around 90% of its population engaged in agriculture. Also, being a landlocked country Rwanda has limited access with other countries. On the whole the economy of Rwanda is not very well developed. Besides, the 1994 genocide too had a major impact on Rwanda Business. Also, Rwanda has to depend on imports from other countries and this has further limited Rwanda Business.
However, in recent years measures have been taken by the government to improve the economic condition of the country with the help of the World bank. Certain sectors of the economy have been taken up as the priority sector. Besides Rwanda Business has also received a boost due to the trading relations that Rwanda has established with other countries like Belgium, Netherlands,Germany, Switzerland, Tanzania, Uganda, Luxembourg and Kenya. Also, the government has adopted the policies of liberalization and privatization in order to achieve balanced economic growth for the country.
Mineral deposits in Rwanda include tin ores and some of the very rare metals like tungsten and tantalum. Also, there is natural gas reserve in Lake Kivu the extraction of which has also been undertaken.
Measures have also been taken up by the government to develop the industrial sector. Rwanda only has a limited number of small scale industries. The products of the industrial sector include chemical, rubber, plastics, metal goods. Rwanda has also received assistance from foreign countries for its economic development. Progress has been made in Rwanda Business with the help of such foreign aid.
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