The African Union (AU) says the mining sector and intra-Africa trade are critical to ensure that trade and industry play a catalytic role in Africa’s transformation agenda.
Africa’s positive economic performance is now being put to the test in the face of the challenges posed by current circumstances, noted a senior official of the African Union (AU).
Dahabshiil has provided seed capital to two innovative start-ups founded by young entrepreneurs in Uganda as part of a programme co-sponsored by the US Embassy in Kampala.
Rwanda’s government on Thursday asked parliament to increase the budget due to higher than expected revenue collection, which it will spend on raising salaries for army and police officers and for election-related expenses.
Africa’s economic growth has been forecast to grow 4.4 percent in 2016, up from 3.7 percent in 2015, said a UN report released on Tuesday in Ethiopia’s capital Addis Ababa.
The USA has made a special report that will make an arrangement through which Rwanda will be its strategic partner in the mission of reinforcing trade partnership on African continent.
If the mass media is to be believed, Africa is hardly a continent brimming with opportunities for business. But for some time international business commentators have been positioning the continent as the next market with significant potential.
East African nations of Kenya, Uganda and Rwanda plan to install an electronic cargo tracking platform in order eliminate tax evasion, officials said.
The Integration Of The EAC Exchanges Has The Potential Of Attracting Foreign Direct Investments Into The Region, Experts Say.
The integration of the East Africa Community Exchange/EACE has got the potentials of attracting foreign direct investors into the region as a way of accessing funding, promoting region as one investment and allowing money savings by citizens.
Flame Tree Group has signed an agreement to acquire SuzieBeauty line of colour cosmetics brand. The acquisition of SuzieBeauty, diversifies FTG’s products and positions the group as a key player in the niche colour cosmetics prestige segment.
Rwandan motorists and car drivers will have to wait much longer because fuel prices are not to be reduced despite a general decrease in global oil prices.
About 90 per cent of Ethiopia’s energy sector is dominated by traditional biomass fuel such as firewood, agricultural waste and animal dung.
According to Graubunden, Switzerland – Plastic trash will outweigh fish in the oceans by 2050 unless the world takes drastic action to recycle plastic, a report warned Tuesday, the opening day of the annual gathering of the rich and powerful in the Swiss ski resort of Davos.
EQUITY Group, Kenya’s biggest bank by market value, said employees at its South Sudan unit have began a strike to demand a six-fold pay increase after the devaluation of the war- torn nation’s currency caused consumer prices to spiral.
China’s economy grew at its slowest pace in a quarter of a century last year as it undergoes a difficult transition, data showed Tuesday, escalating concern over a crucial driver of global expansion.
Tech majors including Apple, Samsung and Sony have been accused of using cobalt mined by child labourers in Congo. Amnesty International also said the companies had failed to carry out basic checks on the source of the materials used in their products.
Sector Savings and Credit Cooperatives (Umurenge SACCOs) are set to further increase financial inclusion in Rwanda with their latest partnership with electronic payment services provider, MobiCash Limited.
The number of international tourists rose by 4.4 percent worldwide in 2015 to hit a record 1.18 billion despite concerns over terrorism, the United Nations World Tourism Organisation says.
Markets are now nervously awaiting the release Tuesday of Chinese economic growth data for the fourth quarter of last year, with analysts surveyed by AFP forecasting the slowest growth rate in 25 years over 2015 as a whole, and a further slowdown this year.
The National Agricultural Export Board (NAEB) is stepping up efforts to link and co-ordinate farmers and buyers in different markets on international level as one of the steps to ensure that they can earn more from their produce.
Natural resources from Africa such as iron ore and oil that have helped fuel China’s economic boom have now been reported to have fallen.
The World Bank has warned about weak economic growth among emerging markets this year.
The United Nations World Food Programme (WFP) has launched an initiative in Rwanda that aims to reduce hunger and food insecurity by supporting small-scale farmers as they shift from subsistence farming to market-oriented agriculture.
The Government of Rwanda and World Bank Group has signed a $95 million International Development Association (IDA) credit agreement for the Rwanda Social Protection System (SPS-2).
The Swedish international Development Cooperation Agency (Sida), Friday signed signed a grant to support financial inclusion and enhancing livelihood opportunities for low income people, especially women, through Access to Finance Rwanda (AFR).
The Government of Rwanda through the National Bank of Rwanda (BNR) has successfully issued a 3year bond worth RwF 15 billion as part of its regular issuance plan to finance infrastructure projects and develop its capital market, subscribed at a lever of 176.39 %.
Rwanda’s growth projections for 2015 have been revised upward from 6.5 percent to 7 percent. The development comes after completion of the fourth Policy Support Instrument (PSI) review between Rwanda and the International Monetary Fund.
It’s as easy for entrepreneurs to access start-up credit in Rwanda as it is in the US and Colombia, with only New Zealand besting the three countries that tied in joint-second, the World Bank Doing Business Report (DBR) 2016 says.
Tigo subscribers in Rwanda and the Democratic Republic of Congo can now send money between the two countries using Tigo Cash, Tigo’s mobile money solution.
The Government of Rwanda and the World Bank today signed an agreement of US$26 million in credit to facilitate cross border trade between Rwanda and Democratic Republic of Congo.
During the Aviation Festival, which has took place at Dubai, RwandAir Deputy Chief Executive and Chief Operations Officer Jean-Paul Nyirubutama, has said that Zimbabwe, will be among the future destinations, with Sudan, Mali and Angola:
The Capital Market Authority of Rwanda is hosting a strategic planning roundtable meeting designed to initiate the process of developing a ten-year Capital Market Development Master Plan (CMMP).
Rwandan inflation rose to 3.7 percent in the year to September from 3.0 percent in the previous month, the statistics office said on Sunday.
About 80,000 traders from the Great Lakes Region whose livelihoods depend on cross-border trade will benefit from greater food security, more jobs, and an overall increase in welfare as a result of the US$79 million International Development (IDA) grant and credit approved Friday 25 September by the World Bank, RNA has established.
The second quarter of 2015 registered 7 percent GDP growth compared to the same quarter in 2014. This follows GDP growth of 7.6% in the first Quarter of the year. GDP at current market prices was estimated to be RwF 1,414 billion, up from RwF 1,314 billion in the same quarter of 2014.
Huawei and the African Telecommunications Union (ATU) on Mondaay signed a Memorandum of Understanding to advance ICT on the continent.
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Kenya will start supplying power to Rwanda in the next three months. According to Kenya Power officials, they will start selling 30MW of electricity to Rwanda in the next three months.
Rwanda’s national carrier RwandAir, and Airbus, yesterday, signed a purchase agreement for the two Airbus aircraft A330-200 and A330-300.