The National Bank of Rwanda’s 2019 shift to a price-based framework necessitates advanced time-series econometrics for inflation forecasting and the management of the Forecasting and Policy Analysis System (FPAS).
Kigali, Rwanda
Applied Economics, Policy, and Financial Modelling
Econometrics Techniques Training Course
Africa's cleanest capital — a highland tech hub built for modern training
5 Days
Duration
In-Person
Delivery
12 Dates
Available
Certificate
Included
Master econometrics techniques to build credible models, test assumptions, and produce decision-ready analysis through hands-on applied workflows.
Upcoming In-Person Schedules in Kigali
Reserve Your Spot Today — Pay When You're Ready!
| Code | Start Date | End Date | Duration | Fee | |
|---|---|---|---|---|---|
| ECT-01 | Mon - Fri (5 Days) | USD 2,100 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 3,800 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 3,800 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 3,800 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 3,800 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 3,800 | Reserve my seat → Register my team → |
Here's What You'll Learn
Each module tackles real challenges you face in your role
1
Econometrics Foundations and Model Logic
2
Data Preparation and Diagnostics
3
Ordinary Least Squares Estimation
4
Regression Assumption Testing
5
Panel Data Methods
6
Time-Series Econometrics and Forecasting
7
Applied Reporting and Decision Support
Market-specific guidance for Australia
A country-aware view of the pressures, proof points, and practical tools that shape how this course applies locally.
Tools and platforms relevant to this field
3Field-relevant examples that may be featured in training where they support the confirmed scope. Exact coverage depends on participant needs and delivery format.
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Stata StataCorpThe primary tool used by NISR and the African Centre of Excellence in Data Science (ACE-DS) for household survey analysis and poverty modeling.
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Power BI MicrosoftUsed by NISR for real-time data validation and the dissemination of statistical indicators via interactive dashboards.
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REDCap Vanderbilt UniversityStandardized platform in Rwanda for secure data collection and automated export to econometric software packages.
Real-World Case Studies from Australia
2-
Impact Evaluation of the Vision Umurenge Program (VUP) 2024National Institute of Statistics of Rwanda (NISR)
Researchers applied Propensity Score Matching (PSM) and other econometric matching methods to household survey data to estimate the causal effect of unconditional cash transfers on poverty headcount and food consumption.
The analysis provided robust evidence that while the program significantly reduced the poverty gap, the transfer amounts were often insufficient to lift households entirely above the national poverty line, informing subsequent policy adjustments.
View source -
Short-term Inflation Forecasting Innovation 2025National Bank of Rwanda (BNR)
The BNR Research Department conducted a comparative study using Elastic Net regression and other econometric models to enhance the accuracy of Near-Term Forecasting (NTF) for core, food, and energy inflation.
The study demonstrated that advanced regression techniques outperformed existing systems, leading to recommendations for a hybrid modeling approach to improve the Bank's economic projections.
View source
Training visit intelligence for Kigali
Practical notes for confirmed delegates: arrival, venue expectations, after-class options, and on-the-ground considerations.
Optional after-class stops
8
heritage
Kigali Genocide Memorial
Sobering memorial and museum honouring over 250,000 victims of the 1994 genocide against the Tutsi, with three permanent exhibitions providing essential historical context.
Learn more
culture
Inema Arts Center
Contemporary art gallery founded by brothers Emmanuel Nkuranga and Innocent Nkurunziza, showcasing works by Rwandan artists in a vibrant creative space.
shopping
Kimironko Market
Kigali's largest covered market in Remera, offering fresh produce, fabrics, traditional Agaseke baskets, and an authentic glimpse into daily Rwandan life.
nature
Mount Kigali
A gentle hike starting from the Nyamirambo neighbourhood with panoramic city views from the summit and pleasant pine woodland at the top.
culture
Nyamirambo Women's Center
Non-profit centre in Kigali's cosmopolitan Nyamirambo district offering neighbourhood walking tours, basket-weaving workshops, and traditional cooking classes.
leisure
Kigali Convention Centre
Iconic beehive-shaped landmark completed in 2016, adjoined to the Radisson Blu Hotel, and a symbol of Kigali's emergence as an international conference destination.
nature
Umusambi Village
Restored wetland sanctuary providing a permanent home for over 50 endangered Grey Crowned Cranes rescued from the illegal pet trade.
heritage
Rwanda Art Museum
Housed in the former Presidential Palace in Kanombe near the airport, converted in 2018 to display contemporary artworks by Rwandan and international artists.
Local demand signals 3
Sector-level context showing where this capability is relevant in Kigali.
ICT & Digital Innovation
Rwanda's government has positioned Kigali as a continental ICT hub under the Smart Rwanda Master Plan, with dedicated innovation zones, tech incubators, and world-class university campuses training digital talent.
Financial Services & Fintech
Kigali hosts Rwanda's financial regulators and the Kigali International Financial Centre initiative, making it relevant for delegates in governance, risk, and compliance training.
Conference & Hospitality
Kigali has invested heavily in MICE infrastructure, attracting major international summits and positioning itself as East Africa's premier conference destination.
Training venue
Kigali offers international-standard hotels and conference facilities, anchored by the Kigali Convention Centre complex. Delegates can expect well-equipped training rooms with reliable AV and Wi-Fi at upper-tier properties across the city.
Getting there
No direct flights operate from Australia to Kigali; delegates typically connect via Doha on Qatar Airways, Dubai on Emirates, or Addis Ababa on Ethiopian Airlines, with a total journey time of 24–28 hours to Kigali International Airport (KGL).
Visa
Australia passport holders can enter Rwanda visa-free for stays up to 90 days, so a 5-day professional training trip to Kigali does not require a visa.
Safety
Kigali is widely regarded as one of Africa's safest and cleanest capitals; standard precautions apply — avoid walking alone after dark, keep valuables out of sight, and carry a photocopy of your passport. Plastic bags are banned nationwide, so pack reusable alternatives.
Internet
Reliability: good
Weather year-round
- Apr 26/16°C Peak of the long rainy season; heaviest rainfall of the year (~154 mm over 18 days). Pack rain gear.
- Jan 27/16°C Short dry season; warm days with occasional afternoon showers (~77 mm rainfall over 11 days).
- Jul 28/15°C Heart of the long dry season; very little rain (~11 mm), abundant sunshine (~7 h/day). Most comfortable month.
- Oct 28/16°C Start of the short rainy season; increasing showers (~106 mm over 17 days) with warm, humid conditions.
Where this course runs
Econometrics Techniques Training is delivered in the cities below — pick the one that fits your schedule.
