Rwanda is known to have geological potential in several resources – cassiterite, coltan, gold, and certain precious stones. The country is known to have significant tourism potential and a favourable business environment in Africa. Recently, there has been huge progress in governance practices as well as ensuring political stability.
The country is experiencing developments in the agriculture, mining, and infrastructure industry, creating more opportunities for employment outsourcing. Africa HR Solutions is the go-to partner for all your HR outsourcing plans. Our in-country experts listen to you and guide you with our range of bespoke Rwanda HR outsourcing services – Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and other ancillary solutions – to make sure you expand your operations to Rwanda with peace of mind and in line with all the regulations, policies, laws and cultural norms.
Country Profile - Rwanda
Population: 12.3 mn
Gross Domestic Product (GDP): $432.30 bn
GDP Growth: 8.7%
Inflation: -0.3%
Foreign Direct Investment (% of GDP): 3.2%
Unemployment Rate: 1.0 %
Capital: Kigali
Currency: Rwandan franc
Languages: Kinyarwanda, English, French
Rwanda's Economy
Considered as a small and landlocked economy, Rwanda boasts one of the best business environments in Africa. The country has significant tourism potential and untapped geological resources such as gold, precious stones and coltan. Rwanda is relatively stable and has made huge progress in terms of governance. The economy is somehow quite dependent on commodity prices and foreign assistance. For the past 10 years, the IMF and the World Bank have carried out fundamental economic and structural reforms to boost the economy.
Interesting Facts About Rwanda
Rwanda is a country that has one of the best internet connections in Africa
The capital city, Kigali, is considered one of the safest cities in Africa
It is known to be the cleanest city in Africa
The country empowers women leadership, whereby 67% of the seats in Rwandan Parliament are occupied by women
The national dish of Rwanda is ‘Brochettes’; it consists of meat or fish on a skewer
Public Holidays in Rwanda
New Year’s Day
Day after New Year’s Day
National Heroes Day
Good Friday
Genocide against the Tutsi Memorial Day
Labour Day
Independence Day
Liberation Day
Umuganura Day
Assumption Day
Christmas Day
Boxing Day
Eid-ul Fitr
Eid-ul-Adha
Employment in Rwanda
Employment agreements are made in either oral or written formats in Rwanda, though many employees prefer a written agreement that outlines all details about their salary, compensation, leaves, and termination information. Regarding termination, the notice period depends on the length of service. Several other benefits are car allowance, housing allowance, loans, and telephone allowance. Employers and employees contribute a certain amount of their wages to the National Pension Fund. All employees have access to vacation, parental and sick leaves. Africa HR Solutions is your partner to help you establish your presence in Rwanda and providing the support you need to devise a competitive benefits scheme and attract the best talent to your organisation.
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