BI - Business Intelligence Essay Example | Topics and Well Written Essays - 250 words

BI - Business Intelligence - Essay Example Rwanda’s main imports include foodstuffs, steel, machinery and equipment, construction as well as petroleum products. Their main trading partners include Kenya, Germany, China, and Belgium. GDP (PPP): $16.4 billion, 5.0% growth, 6.9% 5-year annual growth, and $1538 per capita. The rate of unemployment I Rwanda is 0.6%, inflation 4.2 %. Rwanda’s major industries are industries that process their agricultural produce for export to the foreign markets. In the past five years, Rwanda’s economic freedom has increased by 2.1. This has been contributed by 20-point improvement from corruption 15-point freedom investment (Rwanda, 2014). One of the key factors that have greatly contributed to fast growth of this country’s economy is the internet use in both local as well as international trade. Most of their imports especially construction and petroleum materials are ordered via the internet. They also get international markets for their products through internet use (Aspray, 2008). Rwanda has established several shopping sites that are used for local and international trade. Examples of these online sites include Gemeya.com, Gurisha.com, Shop4rwanda.com, Comfort Rwanda, and Beautyofrwanda.com. These sites are important to Rwanda’s economy because they are able to sell and buy via these sites and it saves time. These sites are affordable for most citizens and fewer restrictions are placed on their use (Black, 2002). After goods have been purchased online and imported to Rwanda, there are different taxes that the owner of purchased goods is supposed to pay. For goods like vehicles that have been purchased online, the owner is supposed to pay four types of taxes: value added tax (VAT) 18%, customs duty 25%, withholding tax 5%, and consumption tax that has different rates. Uses of technology in business are important because transactions are done within a short time. It is