Rwanda’s consumer price index the main gauge of inflation increased by 4.7% in April 2016 up from 0.9 per cent same period in 2015.
The Government and the European Union, yesterday, signed a financing agreement worth €177 million (about Rwf157 billion) to support the energy sector for the next five years.
More than two decades on from a genocide that claimed 800,000 lives, Rwanda is taking another step toward looking like the closest thing Africa has to Switzerland. A tiny, landlocked, mountainous nation, Rwanda’s economy has outperformed almost all its continental peers, with annual growth averaging 7.8 percent since 2000.
President Uhuru Kenyatta has instructed the National Treasury to put aside taxation on payments of bonuses, overtime and retirement benefits for low-income earners.
Chinese Premier Li Keqiang urged for more efforts to support employment to guard against large-scale unemployment on Friday.
The role of Africa in a global economy that is becoming increasingly characterized by machine learning rather than manpower, and where economic prosperity is built on the knowledge and ingenuity of people rather than natural resources, will be the focus of the 26th World Economic Forum on Africa, taking place in Kigali, Rwanda from 11 to 13 May.
Zimbabwe is ready to print its own version of the US dollar in order to ease a cash shortage in the country.
China last week said it is ready to provide $6.8 billion for the construction of Tanzania’s Standard Gauge railway along the Central Corridor.
Republican front-runner Donald Trump compared the US’s trade deficit with China, which he regularly laments and vows to tackle as president, to rape.
Finance and Economic Planning minister Claver Gatete, yesterday, submitted to Parliament the 2016/17 Budget Framework Paper, with the estimates seeking to increase the National Budget up to Rwf1,949.4 billion.
Rwanda is in talks with the International Monetary Fund for a short-term credit facility to help it support its foreign exchange reserves in anticipation of them dwindling in future, Finance Minister Claver Gatete said on Friday.
Rwanda’s Import time has reduced by 14 per cent as a result of the removal of key non-tariff barriers (NTBS), according to a survey by Trade Mark East Africa.
Rwanda’s coffee export revenues increased to $8.3 million (Rwf6.5 billion) in the first three months of 2016, up from $6.6 million same period in 2015, National Agriculture Export Board (NAEB) has indicated.
Barclays has revealed it has received approaches for its African operations which its former chief executive Bob Diamond wants to buy as it reported a 25% decline in first quarter profits and losses on oil-related loans.
Mitsubishi Motors has said it has used fuel consumption tests that broke Japanese rules for the past 25 years.
The Young Rwandan innovators that qualified for the admissions of continental MTN Entrepreneurship Challenge competition semi-final are disappointed by the contest and organizers after the postponement.
Dar es Salaam. The budget session of Parliament, which starts on Tuesday, is expected to be of its own kind, as it has so far drawn the interest of wananchi in various parts of the country.
KCB Bank Rwanda has secured $10 million (about Rwf8 billion) loan from the International Finance Corporation (IFC) to support the country’s housing sector and small and medium enterprises (SME).
Rwanda National Police (RNP) has intensified operations against illegal foreign exchange markets including non licensed forex bureaus.
China’s consumer prices grew 2.3 percent in March from one year earlier, the same as in February, official data showed Monday.
Hidden in 11.5 million leaked secret files are the details of the hidden wealth of the world’s most prominent people. 140 politicians from over 50 countries have been exposed by one of the biggest leaks of records from Mossack Fonseca a Panama law firm.
What will bring Kenya and Tanzania together following a rift that is growing due to Uganda’s crude oil pipeline construction project?
Burkina Faso President Roch Marc Christian Kabore said Sunday that since taking over in January, government employees had been working without any salary, and also promised to reduce government wage bill.
Zimbabwe’s tobacco production is expected to fall by 15 percent to 160 million kg in 2016 after an El-Nino induced drought that has left up to four million people in need of food aid, industry officials said on Wednesday.
Oil prices rose Wednesday as the U.S. dollar depreciated against other currencies.
The World Bank has offered Benin a loan of 50 million U.S. dollars to develop the country’s tourism sector, and reduce its vulnerability and strong dependence on informal trade with Nigeria and the cotton sector, a source from the Bank announced Tuesday in Cotonou.
Rwanda’s trade deficit grew in the first two months of this year 2016 as compared to how it was last year in the same period.
All over the city of Kigali are billboards proclaiming: “Local is Durable: Buy Made in Rwanda”. And Rwandans are snapping up locally made products gladly, mixing patriotism with commerce.
AN International Monetary Fund (IMF) mission concluded its visit to Tanzania on Wednesday, saying the country’s economic performance remains strong.
The East African Community (EAC) partner states are on course to integrate their capital markets, Kenya’s financial market regulator said on Monday.
The U.S. dollar increased against other major currencies on Friday after declining for two consecutive sessions on the Federal Reserve statement.
Chinese telecom company StarTimes on Tuesday announced the alignment of its top satellite and terrestrial bouquets that will see a 40 percent and 29 percent drop in the cost of the monthly subscription for the two bouquets.
Bank of China has established a presence in Morocco that will further reinforce the Asian nation’s far-reaching influence in resource-rich Africa, officials said.
Angola, facing economic and political pressures, has cut spending under its 2016 budget by 20% and is reassuring international investors it can cope with persistently low oil prices,
The Nigerian government on Monday urged African oil producers to adopt a common approach to tackle industry challenges to reap the full benefits of the economics of scale in the development of the hydrocarbon resources in their domains.
Rwanda’s private insurance sector is expected to recover this year, after registering losses due to negative practices such as undercutting the prices.
Kampala -Uganda’s economy could be shaken by inflationary pressures if the government does not enforce measures to get rid of excess money, debt monitoring experts warned yesterday.
Premier Li Keqiang made the announcement in his opening speech, warning of a "difficult battle" ahead.
The annual meeting in Beijing sets out to determine both the economic and political agenda for the country.
Zimbabwe’s President Robert Mugabe has announced plans for his government to take control of all diamond mining operations in a bid to put an end to alleged rampant swindling linked to the multi-billion dollar gem industry in the poverty-stricken country.
South Sudan joined the East African Community (EAC) this week when EAC heads of state approved the country’s application at a summit in Tanzania. South Sudan becomes the sixth member of the economic bloc, along with Kenya, Uganda, Tanzania, Rwanda and Burundi.