Rwanda’s export revenue projected to hit $7.3bn by 2029

Presenting a comprehensive report to Senators and Deputies on Friday, Prime Minister Dr. Nsengiyumva Justin outlined government efforts to improve citizen welfare through greater productivity in agriculture and livestock, sectors he described as the backbone of Rwanda’s Vision 2050.

“The value is projected to further increase, reaching $1.5 billion by 2029. Our objective is to boost the volume of Rwanda’s exports by an average of 13% annually, boosting the revenue generated to $7.3 billion by 2029,” he affirmed.

Agriculture and livestock currently account for 25% of Rwanda’s GDP, employ nearly 70% of the population, and generate about 40% of national jobs. They also make up roughly half of the country’s total exports, with key products including tea, coffee, fruits, and vegetables.

To sustain this momentum, the Prime Minister pointed to a surge in state investment. “The budget for agriculture and livestock increased from 129 billion Rwandan Francs in 2017 to 225 billion Frw in the 2025/2026 fiscal year,” he said. “This demonstrates a nearly 75% increase in budget allocation over eight years.”

Exports from these sectors already reflect this growth. Foreign exchange earnings jumped from $287 million in 2017 to $544 million in 2024.

Rwanda has also mapped over 19,000 agricultural and livestock zones, covering more than 587,000 hectares, while finalizing land-use master plans in all districts to curb misuse and improve productivity.

“The agricultural and livestock sectors remain central to achieving improved living standards, robust health, and the eradication of poverty,” Dr. Nsengiyumva stressed, positioning them as key drivers of Rwanda’s long-term development agenda.

Aimable Ishimwe / The Kaminuza Star