Rwanda Sets Ambitious Target to Create 1.25 Million Jobs by 2029

Prime Minister Edouard Ngirente announced on September 9 that Rwanda aims to create at least 1.25 million productive jobs under the Second National Strategy for Transformation (NST2), which runs from 2024 to 2029.

This translates to at least 250,000 new jobs annually, surpassing the 214,000 per year target set during NST1 (2017-2024).

NST2 builds on previous progress to advance Rwanda towards Vision 2050, focusing on prosperity, well-being, and inclusivity.

The job creation efforts will span various sectors, including services, agriculture, and industry, with a special focus on youth internships, skill development, and supporting small and medium enterprises (SMEs).

Ngirente highlighted key areas like agro-processing, cross-border services, ICT firms, and the arts and entertainment industry as focal points for job growth.

Additionally, major infrastructure projects, such as Bugesera International Airport and industrial parks, will provide further employment opportunities.

Rwanda aims to lower unemployment to 7% by 2035 and 5% by 2050. Current unemployment stands at 16.8%, with youth unemployment at 20.5%. Under NST2, Rwanda’s economy is projected to grow by at least 9.3% annually, building on the 7% growth achieved under NST1.

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