Country profile · Sovereign risk

Rwanda

East Africa·RWA·RWF·16 Oct 2026
RicherFin rating
Proprietary analytical opinion
Currency
RWF
Public projects
45
Published public projects
Reference data
2024–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
FitchB+Stable
Moody'sB2Stable
S&PB+Stable

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth9.4%2025
Current account / GDP-12.0%2024
Inflation5.9%2025
GDP per capitaUSD 1,1242025
Trade openness56.7%2025

Access the markets

Existing RicherFin pages

Equities

5 instruments
TickerCompanyLatest1M
BLR.RWBralirwa Plc540 RWF+8.00%
MTNR.RWMTN Rwandacell PLC200 RWF+53.85%
BOK.RWBK Group PLC700 RWF+16.67%
CMR.RWCimerwa PLC165 RWF+3.13%
IMR.RWI&M Bank Rwanda PLC110 RWF+22.22%
View more companies · RSE

Public projects & infrastructure

45 projects →
Access to Finance for Recovery and Resilience ProjectOther infrastructure · ActivePreview→Commercialization and De-Risking for Agricultural Transformation ProjectOther infrastructure · ActivePreview→Digital Acceleration ProjectOther infrastructure · ActivePreview→Digital Ambassadors ProgramDigital public infrastructure · Official agency portfolioPreview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Current account / GDP · 2024 · World Bank · Primary source →

Inflation · 2025 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2025 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Fitch · B+ · · Source →

Moody's · B2 · · Source →

S&P · B+ · · Source →

Institutional sovereign report