I&M Rwanda H1 2022 Earnings Presentation
Rwanda | Operating Context
mm
Outlook Review on Rwanda
•
GDP growth of 7.9% (Q1-2022) - (10.3% in Dec
2021)
Rebound of business & economic activities:
following the lifting of all COVID-related
restrictions.
COVID vaccinations at +80% in the country. (1)
Resumption of MICE and tourism promotion.
Macroeconomic pressures
•
•
•
Currency depreciation by 3.78% YoY against the
US Dollars (2) (slower than 5.34% recorded by June
2021)
Inflation rate: + 16.1% YTD in June 2022 (3)
(0.1% overall CPI increase recorded by June 2021)
25% increase YoY in food & non-alcoholic beverages
prices (3) - (0.2% YoY increase recorded by June 2021)
15% avg. increase YoY in Housing water, electricity,
gas and other fuels prices (3) - (1.8% YoY increase
recorded by June 2021)
Efforts to boost economic growth & recovery
Increase of lending rate to 6% by the National Bank of
Rwanda & managing exchange rates adjustments
Acceleration of the vaccination campaign across the
country
•
Subsidies cushioning against food & energy prices.
I&M Rwanda - H1 2022 Earnings Presentation
Vaccination data: "Our World in Data"
Source:
1.
2.
3.
Depreciation sourced from the National Bank of Rwanda (BNR)
Inflation rate, prices and GDP sourced from the National Institute of Statistics (NISR)
Abbreviations:
*YOY: year-on-year
* CPI: Overall Consumer Price IndexView entire presentation