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Rwanda's Inflation Rate Increase By 4.7 Per Cent from 2015-2016

Rwanda’s Inflation Rate Increase By 4.7 Per Cent from 2015-2016

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.

11/05/2016 Saa 10:26:50
Rwandan Govt Acquires Rwf157 Billion EU to Support Energy Sector

Rwandan Govt Acquires Rwf157 Billion EU to Support Energy Sector

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.

11/05/2016 Saa 09:26:06
WEF: Rwanda is Taking a Tremendous Step Towards Looking like the Closest thing Africa has

WEF: Rwanda is Taking a Tremendous Step Towards Looking like the Closest thing Africa has

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.

10/05/2016 Saa 11:48:15
Kenya’s President Uhuru Scraps Tax on Workers Benefits

Kenya’s President Uhuru Scraps Tax on Workers Benefits

President Uhuru Kenyatta has instructed the National Treasury to put aside taxation on payments of bonuses, overtime and retirement benefits for low-income earners.

9/05/2016 Saa 12:53:20
Premier Worries Employment as China's Economy Declines

Premier Worries Employment as China’s Economy Declines

Chinese Premier Li Keqiang urged for more efforts to support employment to guard against large-scale unemployment on Friday.

7/05/2016 Saa 10:41:21
World Economic Forum on Africa to Focus on Connecting Africa’s Digital Transformation

World Economic Forum on Africa to Focus on Connecting Africa’s Digital Transformation

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.

7/05/2016 Saa 10:08:55
Zimbabwe to Start Printing its Own Dollar Notes

Zimbabwe to Start Printing its Own Dollar Notes

Zimbabwe is ready to print its own version of the US dollar in order to ease a cash shortage in the country.

5/05/2016 Saa 18:54:06
China Offers U.S.$6 Billion to Tanzania for Rail Construction

China Offers U.S.$6 Billion to Tanzania for Rail Construction

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.

4/05/2016 Saa 09:22:00
Donald Trump: We Shall not Allow China to Continue Raping our Country

Donald Trump: We Shall not Allow China to Continue Raping our Country

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.

2/05/2016 Saa 18:04:57
2016/17 Budget believed to increase by Rwf140bn, Minister

2016/17 Budget believed to increase by Rwf140bn, Minister

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.

30/04/2016 Saa 15:10:39
Rwanda says in talks with IMF for Short-term Facility to Support Forex Reserves

Rwanda says in talks with IMF for Short-term Facility to Support Forex Reserves

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.

30/04/2016 Saa 14:46:41
Rwanda Targets to become an African Hub for Foreign Direct Investment

Rwanda Targets to become an African Hub for Foreign Direct Investment

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.

29/04/2016 Saa 09:06:45
Rwanda’s Coffee Export Revenues Increase to $8.3m in 2016, Report

Rwanda’s Coffee Export Revenues Increase to $8.3m in 2016, Report

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.

29/04/2016 Saa 08:46:30
Barclays Africa Registers 25% Profit Decline and Confirms Interest, Report

Barclays Africa Registers 25% Profit Decline and Confirms Interest, Report

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.

28/04/2016 Saa 17:34:52
Mitsubishi Motors Admits Using Wrong Tests Since 1991

Mitsubishi Motors Admits Using Wrong Tests Since 1991

Mitsubishi Motors has said it has used fuel consumption tests that broke Japanese rules for the past 25 years.

27/04/2016 Saa 09:05:38
We are disappointed by the Organizers, Rwandan MTN Entrepreneurship Challenge Contestants

We are disappointed by the Organizers, Rwandan MTN Entrepreneurship Challenge Contestants

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.

25/04/2016 Saa 14:38:41
All Eyes Wait to See Magufuli’s First Historical Budget Session

All Eyes Wait to See Magufuli’s First Historical Budget Session

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.

18/04/2016 Saa 11:10:24
In order to Support SME and Housing Sectors, KCB Rwanda Secures Rwf8bn Loan

In order to Support SME and Housing Sectors, KCB Rwanda Secures Rwf8bn Loan

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).

15/04/2016 Saa 09:47:25
Tight Operations against Illegal Foreign Exchange Markets Start- RNP

Tight Operations against Illegal Foreign Exchange Markets Start- RNP

Rwanda National Police (RNP) has intensified operations against illegal foreign exchange markets including non licensed forex bureaus.

13/04/2016 Saa 11:04:32
China's Consumer Prices Grew 2.3 Percent in March, Official Data

China’s Consumer Prices Grew 2.3 Percent in March, Official Data

China’s consumer prices grew 2.3 percent in March from one year earlier, the same as in February, official data showed Monday.

11/04/2016 Saa 16:44:49
The Richest African Figures Revealed, they have a Combined $74.5 Billion

The Richest African Figures Revealed, they have a Combined $74.5 Billion

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.

6/04/2016 Saa 11:21:37
Tanzania-Kenya Connections Bear Down Over Uganda Trade Deal

Tanzania-Kenya Connections Bear Down Over Uganda Trade Deal

What will bring Kenya and Tanzania together following a rift that is growing due to Uganda’s crude oil pipeline construction project?

6/04/2016 Saa 10:51:49
Like Magufuli, Burkina Faso President also Promises to Reduce Gov't Wage Bill

Like Magufuli, Burkina Faso President also Promises to Reduce Gov’t Wage Bill

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.

4/04/2016 Saa 13:38:33
Zimbabwe Tobacco Output to Fall After Devastating Drought

Zimbabwe Tobacco Output to Fall After Devastating Drought

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.

31/03/2016 Saa 17:22:35
Crude Oil Prices Edged up as U.S. Dollar Falls

Crude Oil Prices Edged up as U.S. Dollar Falls

Oil prices rose Wednesday as the U.S. dollar depreciated against other currencies.

31/03/2016 Saa 17:02:40
World Bank Gives Benin 50 mln USD to Expand Tourism Sector

World Bank Gives Benin 50 mln USD to Expand Tourism Sector

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.

29/03/2016 Saa 18:04:31
Rwanda’s Trade Deficit Increased in First Two Months of 2016, Governor

Rwanda’s Trade Deficit Increased in First Two Months of 2016, Governor

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.

29/03/2016 Saa 11:40:20
Why ‘buy local’ Movement is Finding more Success in Rwanda than Kenya

Why ‘buy local’ Movement is Finding more Success in Rwanda than Kenya

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.

29/03/2016 Saa 10:14:06
Tanzania’s Economic Growth is due to Strong Drive Against Corruption, Says IMF

Tanzania’s Economic Growth is due to Strong Drive Against Corruption, Says IMF

AN International Monetary Fund (IMF) mission concluded its visit to Tanzania on Wednesday, saying the country’s economic performance remains strong.

26/03/2016 Saa 12:01:28
EAC Bloc on Course to Integrate Capital Markets

EAC Bloc on Course to Integrate Capital Markets

The East African Community (EAC) partner states are on course to integrate their capital markets, Kenya’s financial market regulator said on Monday.

21/03/2016 Saa 18:20:41
U.S. Dollar Rises Against Other Currencies after a Sharp Loss

U.S. Dollar Rises Against Other Currencies after a Sharp Loss

The U.S. dollar increased against other major currencies on Friday after declining for two consecutive sessions on the Federal Reserve statement.

19/03/2016 Saa 11:46:32
Chinese Firm Drops Pay TV Prices to better Serve Kenyans

Chinese Firm Drops Pay TV Prices to better Serve Kenyans

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.

17/03/2016 Saa 13:05:02
Bank of China Gains Position in Morocco

Bank of China Gains Position in Morocco

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.

15/03/2016 Saa 19:39:47
Angola Cuts 2016 Spending by 20%, Finance Minister said.

Angola Cuts 2016 Spending by 20%, Finance Minister 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,

15/03/2016 Saa 18:45:15
Buhari Urges Common Approach Against Challenges Facing Africa Oil Sectors

Buhari Urges Common Approach Against Challenges Facing Africa Oil Sectors

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.

15/03/2016 Saa 12:45:37
Rwanda’s Insurance Sector set for to better Performance this year,Governor

Rwanda’s Insurance Sector set for to better Performance this year,Governor

Rwanda’s private insurance sector is expected to recover this year, after registering losses due to negative practices such as undercutting the prices.

9/03/2016 Saa 22:36:36
Uganda Might Face Inflation Increase due to Post-Election Spending, Ugandan Activists

Uganda Might Face Inflation Increase due to Post-Election Spending, Ugandan Activists

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.

7/03/2016 Saa 11:03:21
China growth target set at National People's Congress

China growth target set at National People’s Congress

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.

5/03/2016 Saa 10:22:46
My Government will now own all Zimbabwe's Diamonds, President Mugabe uncovered

My Government will now own all Zimbabwe’s Diamonds, President Mugabe uncovered

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.

4/03/2016 Saa 13:44:15
South Sudan will Benefit after Joining EAC, Official

South Sudan will Benefit after Joining EAC, Official

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.

4/03/2016 Saa 12:34:55

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