In 2007, Rwanda became a member of the East African Community, marking a significant milestone in regional integration efforts. As part of this collaboration, Rwanda has endorsed a plan for monetary union among the five member nations, with the potential for a unified East African shilling in the future. This initiative aims to strengthen economic ties and promote stability across the region.
Despite its limited natural resources, Rwanda has made strides in economic development, with a significant portion of its economy relying on subsistence agriculture. Local farmers, utilizing basic tools, engage in agriculture as a primary means of livelihood. Through innovative agricultural practices and strategic initiatives, Rwanda continues to enhance its agricultural productivity while exploring opportunities for diversification and sustainable growth in other sectors.