Rwandan telecom market has continued to develop strongly, buttressed by the sustained GDP growth that has been able to see country develop among the fastest expanding economies globally. Supported by the significant foreign aid, the growth has been aided by the prudent fiscal and the monetary policies that have created the business-friendly environment conducive to the investment. Nevertheless, poverty remains to be widespread. There is very minimal economic diversity with most of population engaged in agriculture as well as the good proportion of remaining involved in the mineral and the agro-processing sectors. Financial services sector is still underdeveloped; with the banks focused on the governmental borrowing there is very minimal attention paid to support the small businesses, and most of the population has minimal or even no access to the conventional banking services. In return, this has made Rwanda be among the most successful markets on the continent for mobile banking as well as the payment services.
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