Rwanda is a sovereign state in central and east Africa and one of the smallest countries on the African mainland. Rwanda's economy suffered heavily during the 1994 Rwandan Genocide, but has since strengthened. The economy is based mostly on subsistence agriculture. Coffee and tea are the major cash crops for export. Tourism is a fast-growing sector and is now the country's leading foreign exchange earner.
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes |
---|---|---|---|---|---|
AB Bank Rwanda | Financials | Banks | Kigali | 2013 | Microfinance bank |
Access Bank Rwanda | Financials | Banks | Kigali | 1995 | Commercial bank |
Bank of Africa Rwanda Limited | Financials | Banks | Kigali | 2003 | Commercial bank, part of Bank of Africa Group (Mali) |
Bank of Kigali | Financials | Banks | Kigali | 1966 | Commercial bank |
Banque Populaire du Rwanda SA | Financials | Banks | Kigali | 1975 | Commercial bank |
Banque Populaire du Rwanda | Financials | Banks | Kigali | 1986 | Commercial bank |
Bourbon Coffee | Consumer services | Restaurants & bars | Kigali | 2006 | Coffeehouse chain |
Bralirwa Brewery | Consumer goods | Brewers | Kigali | 1957 | Brewery |
Compagnie Générale de Banque | Financials | Banks | Kigali | 1999 | Commercial bank |
Equity Bank Rwanda Limited | Financials | Banks | Kigali | 2011 | Commercial bank |
Great Lakes Energy | Utilities | Conventional electricity | Kigali | 2002 | Power utility |
Guaranty Trust Bank | Financials | Banks | Kigali | 2004 | Commercial bank |
Housing Bank of Rwanda | Financials | Banks | Kigali | 1975 | Commercial bank, defunct 2011 |
I&M Bank Rwanda Limited | Financials | Banks | Kigali | 1963 | Commercial bank |
KCB Bank Rwanda Limited | Financials | Banks | Kigali | 2008 | Commercial bank |
National Bank of Rwanda | Financials | Banks | Kigali | 1964 | Central bank |
National Post Office | Industrials | Delivery services | Kigali | 1922 [1] | Postal services |
Rwanda Development Bank | Financials | Banks | Kigali | 1967 | Development bank |
Rwanda Mountain Tea | Food processing | Beverage | Kigali | 2005 | Tea Company |
Rwanda Stock Exchange | Financials | Investment services | Kigali | 2011 | Exchange |
RwandAir | Consumer services | Airlines | Kigali | 2002 | Flag carrier airline |
Rwandatel | Telecommunications | Fixed line telecommunications | Kigali | 1993 | Defunct 2011 |
Silverback Cargo Freighters | Industrials | Delivery services | Kigali | 2002 | Defunct 2009 |
SORAS Group Limited | Financials | Full line insurance | Kigali | 1984 | Insurance |
Terracom | Telecommunications | Mobile telecommunications | Kigali | 2006 [2] | Mobile network |
Unguka Bank | Financials | Banks | Kigali | 2005 | Microfinance bank |
Urwego Opportunity Bank | Financials | Banks | Kigali | 2007 | Microfinance bank |
Zigama Credit and Savings Bank | Financials | Banks | Kigali | 1997 | Microfinance bank |
The economy of the Central African Republic is $2.321 billion by gross domestic product as of 2019, with an estimated annual per capita income of just $805 as measured by purchasing power parity in 2019.
The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies.
The economy of Honduras is based mostly on agriculture, which accounts for 14% of its gross domestic product (GDP) in 2013. The country's leading export is coffee (US$340 million), which accounted for 22% of the total Honduran export revenues. Bananas, formerly the country's second-largest export until being virtually wiped out by 1998's Hurricane Mitch, recovered in 2000 to 57% of pre-Mitch levels. Cultivated shrimp is another important export sector. Since the late 1970s, towns in the north began industrial production through maquiladoras, especially in San Pedro Sula and Puerto Cortés.
The economy of Malawi is $7.522 billion by gross domestic product as of 2019, and is predominantly agricultural, with about 80% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's least developed countries. In 2017, agriculture accounted for about one-third of GDP and about 80% of export revenue. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank, and individual donor nations. The government faces strong challenges: to spur exports, to improve educational and health facilities, to face up to environmental problems of deforestation and erosion, and to deal with the problem of HIV/AIDS in Africa. Malawi is a least developed country according to United Nations.
The economy of Nicaragua is focused primarily on the agricultural sector. Nicaragua itself is the least developed country in Central America, and the second poorest in the Americas by nominal GDP. In recent years, under the administrations of Daniel Ortega, the Nicaraguan economy has expanded somewhat, following the Great Recession, when the country's economy actually contracted by 1.5%, due to decreased export demand in the American and Central American markets, lower commodity prices for key agricultural exports, and low remittance growth. The economy saw 4.5% growth in 2010 thanks to a recovery in export demand and growth in its tourism industry. Nicaragua's economy continues to post growth, with preliminary indicators showing the Nicaraguan economy growing an additional 5% in 2011. Consumer Price inflation have also curtailed since 2008, when Nicaragua's inflation rate hovered at 19.82%. In 2009 and 2010, the country posted lower inflation rates, 3.68% and 5.45%, respectively. Remittances are a major source of income, equivalent to 15% of the country's GDP, which originate primarily from Costa Rica, the United States, and European Union member states. Approximately one million Nicaraguans contribute to the remittance sector of the economy.
The economy of Rwanda has undergone rapid industrialisation due to a successful governmental policy. It has a mixed economy. Since the early-2000s, Rwanda has witnessed an economic boom, which improved the living standards of many Rwandans. The Government's progressive visions have been the catalyst for the fast transforming economy. The President of Rwanda, Paul Kagame, has noted his ambition to make Rwanda the "Singapore of Africa".
The economy of Sudan has boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment until the second half of 2002. GDP growth registered more than 10% per year in 2006 and 2007. From 1997 to date, Sudan has $30.873 billion by gross domestic product as of 2019, and has been working with the International Monetary Fund (IMF) to implement macroeconomic reforms, including a managed float of the exchange rate. Sudan began exporting crude oil in the last quarter of 1999.
The economy of Togo has struggled greatly. The International Monetary Fund (IMF) ranks it as the tenth poorest country in the world, with development undercut by political instability, lowered commodity prices, and external debts. While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks.
The economy of Madagascar is US$9.769 billion by gross domestic product as of 2020, being a market economy and is supported by an agricultural industry and emerging tourism, textile and mining industries. Malagasy agriculture produces tropical staple crops such as rice and cassava, as well as cash crops such as vanilla and coffee.
Nicaragua produces coffee, cotton, bananas, sugar and beef cattle.
Agriculture continued to be the mainstay of the economy of Haiti in the late 1980s; it employed approximately 66 percent of the labor force and accounted for about 35 percent of GDP and for 24 percent of exports in 1987. The role of agriculture in the economy has declined severely since the 1950s, when the sector employed 80 percent of the labor force, represented 50 percent of GDP, and contributed 90 percent of exports. Many factors have contributed to this decline. Some of the major ones included the continuing fragmentation of landholdings, low levels of agricultural technology, migration out of rural areas, insecure land tenure, a lack of capital investment, high commodity taxes, the low productivity of undernourished animals, plant diseases, and inadequate infrastructure. Neither the government nor the private sector invested much in rural ventures; in FY 1989 only 5 percent of the national budget went to the Ministry of Agriculture, Natural Resources, and Rural Development. As Haiti entered the 1990s, however, the main challenge to agriculture was not economic, but ecological. Extreme deforestation, soil erosion, droughts, flooding, and the ravages of other natural disasters had all led to a critical environmental situation.
Uganda's favorable soil conditions and climate have contributed to the country's agricultural success. Most areas of Uganda have usually received plenty of rain. In some years, small areas of the southeast and southwest have averaged more than 150 millimeters per month. In the north, there is often a short dry season in December and January. Temperatures vary only a few degrees above or below 20 °C but are moderated by differences in altitude.
In Guinea in western Africa, agriculture accounts for 19.7% of the total GDP and employs 84% of the economically active population.
Tonga's economy is characterized by a large nonmonetary sector and a heavy dependence on remittances from the half of the country's population that lives abroad, chiefly in Australia, New Zealand, and the United States. Much of the monetary sector of the economy is dominated, if not owned, by the royal family and nobles. This is particularly true of the telecommunications and satellite services. Much of small business, particularly retailing on Tongatapu, is now dominated by recent Chinese immigrants who arrived under a cash-for-passports scheme that ended in 1998.
Coffee production in Tanzania is a significant aspect of its economy as it is Tanzania's largest export crop. Tanzanian coffee production averages between 30,000 and 40,000 metric tons annually of which approximately 70% is Arabica and 30% is Robusta.
Agriculture in Liberia is a major sector of the country's economy worth 38.8% of GDP, employing more than 70% of the population and providing a valuable export for one of the world's least developed countries. Liberia has a climate favourable to farming, vast forests, and an abundance of water, yet low yields mean that over half of foodstuffs are imported, with net agricultural trade at -$73.12 million in 2010. This was dismissed as a "misconception" by Liberia's Minister of Agriculture.
Tanzania is one of the largest cashew producers in Africa, with exports providing 10-15 percent of the country's foreign exchange. The country is the eighth-largest grower of cashew nut in the world and ranks fourth in Africa. The country provides 20% of Africa's cashew nut and only trails in production of Nigeria, Cote D'Ivoire, and Guinea-Bissau, according to figures released in 2012 by United Nations Food and Agricultural Organisation (FAO). The country has been engaged in the production of the cash crop since before independence in the years 1960s however, poor regulation and lack of reliable payments to farmers have posed significant challenges to the Cashew Nut farming industry in Tanzania. Guinea-Bissau, a country a tenth of the area of Tanzania's, has a significantly greater yield.
Agriculture is the main part of Tanzania's economy. As of 2016, Tanzania had over 44 million hectares of arable land with only 33 percent of this amount in cultivation. Almost 70 percent of the poor population live in rural areas, and almost all of them are involved in the farming sector. Land is a vital asset in ensuring food security, and among the nine main food crops in Tanzania are maize, sorghum, millet, rice, wheat, beans, cassava, potatoes, and bananas. The agricultural industry makes a large contribution to the country's foreign exchange earnings, with more than US$1 billion in earnings from cash crop exports.