Africa's Would-Be Switzerland Shows Economic Clout With WEF
- Rwanda chalks up average 7.8% annual growth since 2000
- Concern remains over government's commitment to democracy
Kigali, Rwanda
Source: Getty ImagesThis article is for subscribers only.
More than two decades on from a genocide that claimed 800,000 lives, Rwanda is taking another step toward looking like the closest thing Africa has to Switzerland.
A tiny, landlocked, mountainous nation, Rwanda’s economy has outperformed almost all its continental peers, with annual growth averaging 7.8 percent since 2000. Like Switzerland, which hosts the World Economic Forum in Davos every year, it’s also about to welcome delegates to the organization’s annual African gathering.