Datasource:
Integrated Business Enterprise Survey
Period:
January to December , 2024.
At least 87% was the rate of informality of Rwanda’s business landscape in 2024. Data show that insufficient collateral remains the main barrier to access finance with 11.4% of formal businesses and 19.6% of informal businesses.
Reports show that 18.7% of formal compared to 18.1% of informal businesses used personal resources for financing while 3.6% for formal and 0.06% of informal businesses are engaged in exports.
In 2024, a proportion of 62.6% of manufacturing companies reports that they do not use their full capacity utilization. Among the reasons for underutilizations include low demand and reliable supply of inputs.
At least 78.1% of formal business enterprises and 51.7% of informal business enterprises pay someone to dispose waste from their enterprises.
Given the increasing energy demand, the use of solar energy by Rwandan business enterprises is still very low. Results shows that it is used by 7.4% of formal and 6.0% of informal businesses.
Both communication in foreign language and advanced or specialized IT skills top the skills gap concerns amongst business enterprise managers.
Data show that at least 6.1% of formal business enterprises present lack of fund as the main barrier for staff trainings.