Rwanda’s Central Bank has prohibited local businesses from pricing services and products in foreign currencies in a bid to save the declining value of the franc.
Rwanda has announced it may have large amounts of rare precious stones underneath; the discovery could boost image of the country’s mining sector.
Rwanda has continued to see a depreciation in its currency (the Rwandan franc) in a more expedited way during the last one month due to the pressure the currency is facing against a strengthening United States dollar.
The World Bank is predicting one of the highest economic growth rates in the world for Rwanda over the next two years.
The Rwanda Private Sector Federation in conjunction with the Ministry of Trade and Industry have organised an International exhibition dubbed “Rwanda International Trade Fair (RITF)” scheduled to take place from 29thJuly to 12th August 2015.
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Rwanda is producing more minerals than any country in the Great Lakes Region, says a global not-for-profit agency that has been dealing with the traceability, tracking and due diligence of the so called “conflict minerals.”
In the new Rwanda Economic Update (REU) launched today, the World Bank projects an economic growth rate of 7.4% in 2015 and 7.6% in 2016. With the projected growth rates, the World Bank projects Rwanda’s poverty rate to decline from 63% in 2011 to 54% in 2016, thus moving approximately one million people above the poverty rate.
KIGALI - The government through the Rwanda Development Board, will host the Africa Hotel Investment Forum (AHIF) next year in Kigali.
Tributes have been paid to Nintendo chief executive Satoru Iwata who has died aged 55.
Salary delays are one of the biggest motivation-breakers in the world. In most countries, salary disbursement delays are punishable by law. However, incidences of salary delays are becoming more and more frequent, and employees rarely file claims.
Officials from the communications regulatory authorities in Tanzania, Kenya and Rwanda have said they had made policies that allowed the importation of cheap set-top boxes to enable ordinary TV viewers receive digital TV signals.
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Rwanda and Kenya have topped the 2014 Africa Development Bank (AfDB) Policy and Institutional Assessment Rating.
The national carrier, RwandAir, yesterday welcomed home its eighth aircraft, which it says will boost capacity and efficiency of its operations.
Press Release/Kigali – MTN is pleased to announce the appointment of Mr Gunter Engling as CEO of MTN Rwanda, replacing Mr Ebenezer Asante who moves to take over MTN’s key operation in Ghana as CEO, effective July 2015.
Rwanda’s gross domestic product (GDP) grew 7.6 per cent in first quarter 2015 from a year earlier, helped by expansion in the agriculture, services and industrial sectors, the statistics office said on Thursday.
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Kamembe International Airport in the Western Province has resumed business with a brand new runway, nearly after six months of works, Rwanda Civil Aviation Authority (RCAA) has said.
SHARM EL SHEIKH (EGYPT) - The leaders of 26 African countries gathered in Egypt Wednesday to sign a new trade pact to create a common market across half the continent that will serve 625 million people.
The Rwandan Parliament has commenced its ordinary session during which a Bill seeking the removal of presidential terms limits to pave way for the re-election of President Paul Kagame will be discussed.
Rwanda is set to host the World Economic Forum (WEF) in Africa slated for 2016.
Inigmah yesterday announced its official launch in Rwanda making this the Group’s 3rd African country launch in as many weeks.
The three Northern Corridor Integration Projects countries of Uganda, Rwanda and Kenya are meeting this week in Kampala, as the 10th summit of the group, often referred to as the ‘Coalition of the Willing’ kicked off yesterday at the Kampala Serena Hotel.
RwandAir has suspended flights to Mwanza in Tanzania barely six months since it re-launched flights on the route.
The Rwanda Development Board’s Tourism and Conservation Department has just confirmed that their annual Festival of the Gorillas, Kwita Izina, will this year take place on the 05th September instead of the hitherto usual date in the second half of June.
Dr. Akinwumi Adesina and Nigeria Agriculture and Rural Development Minister is the new president of the 50 year old African Development Bank (AfDB).
City roads will soon be free of street vendors, thanks to an initiative by the City of Kigali to create ‘free markets’ for vendors in all the three districts of Kigali.
A joint venture between the Democratic Republic of Congo’s state miner and two Chinese companies, signed under a 2009 "minerals for infrastructure" deal, will begin producing copper this year, Congo’s government said on Thursday.
President Paul Kagame has yesterday held talks with the World Bank Director Sri Mulyani Indrawati.
East Africans face hard times ahead with the cost of living set to rise as a consequence of local currencies’ poor performance against the dollar. Reports The EastAfrican
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Rwanda may be landlocked in central Africa and saddled with prohibitive energy costs, but it has become the latest beneficiary of a quest by Chinese manufacturers to find competitive margins as wages rise at home.
When one thinks of Rwanda, a war torn country full of impoverished people with no notable economy of any kind probably first leaps to mind. However, in reality, Rwanda has become one of the fastest growing economies in East Africa. In 2014, it posted a growth in Gross Domestic Product (GDP) of 7 percent. This year’s predictions put growth at 6.5 percent for 2015 and 2016.
The Ministry of Youth and ICT (MYICT) in collaboration with various stakeholders organised the National YouthConnekt Month to kick off on 2 May 2015.
The challenging trading conditions experienced at end 2013 continued for the first half of 2014. The second half of the year showed gradual recovery, reflected in stronger volume growth particularly in the fourth quarter.
Even with a similar level of government policies and “official” commitment to promote ICTs in a country, the outcomes can be wildly divergent.
Rwanda tourism sector continues to be the country’s largest foreign exchange earner after fetching revenue receipts worth 304.9 million U.S. dollars in 2014.
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The Rwanda franc made gains against the euro and the pound over the first quarter of this year (January-March, 2015), but declined by 1.95 per cent against the US dollar, a statement from the central bank indicates.