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.
Tourism has over the past few years become Rwanda’s key foreign exchange earner, which is a result of government prioritization of the sector.
The inaugural regional ICT summit dubbed Connect East Africa Summit has opened in the Kenyan coastal city of Mombasa.
"We should first decide what we want to do and then apply the money to it, as oppose to doing what the money may dictate", Kagame said. He was speaking at the opening session of the Conference of Ministers during this year’s annual meeting of the African Union and the United Nations Economic Commission for Africa.
As he prepares to step down in May, Donald Kaberuka warns that energy shortages and infrastructure gaps remain key challenges for the continent
During the regional forum on the Central Corridor in Dar es Salaam, President Paul Kagame said the multi-billion- shilling investments undertaken by governments in the region should be geared towards uplifting the lives of ordinary citizens.
Let’s face it: social media is risky. A single unfortunate post can throw a career off track. And yet in an era in which younger workers are connected with an average of 16 co-workers online and where 40% to 60% of hiring managers use social media to screen potential hires, it is simply not reasonable to stay off social media entirely. So how can we balance the personal and professional online?
At the recently concluded Mobile World Congress in Barcelona, Rwanda was ranked the African country with the most affordable internet by the Alliance for Affordable Internet (A4AI), This, however, raised eyebrows over how a country with just 12 million people will beat economic powerhouses like Nigeria, Morocco, and Kenya, all of which have populations that are double or more Rwanda’s. Wrote Ventures Africa
Eco Bank Rwanda has closed some of its branches in Kigali city due to unprofitability and inefficiency it cited in the areas where the branches were closed. Writes GreatLakesVoice
Rwandair is set to acquire another brand new dual-class Bombardier Q400 NextGen turboprop plane. The airline bought the first Bombardier Q400 NextGen aircraft in February last year.
This thursday teachers’ cooperative runners come to learn business skills to supplement their salary alongside teaching.
Rwanda’s economy grew by 7 percent in 2014 from 4.6 percent in the previous year, thanks to robust expansion in farming, services and industrial sectors, Finance Minister Claver Gatete said on Tuesday.
Kenya and Rwanda have connected their stock markets electronically to boost investments between the two countries and as a gesture of commitment to the regional integration of the capital markets.
Despite the positive trend, experts warn that dollarisation of the economy, which creates unnecessary demand for the greenback could continue to put pressure on the local unit. Writes The NewTimes
The United States Federal government has given business people and exporters in the East African Community (EAC) a first crack at imposing their will on the US market as part of Trade Africa Initiative. Writes Busiweek
East African companies operating in Rwanda and Mauritius will no longer be subjected to double taxation after the two countries negotiated a new agreement.
East African nation Rwanda was ranked the top nation among developing countries with affordable internet by the Alliance for Affordable Internet (A4AI).
Fuel pump prices in Kigali will effective today drop to Rwf810 per litre, down from Rwf 845, the Ministry of Trade and Industry said in a statement released yesterday.
Rwanda is looking to make Israel boost her potential in Information Communication Technology (ICT) sector, says a top official of the country’s ministry of youth and ICT.
“Welcome to the pride of every farmer in this province,” said Angelique Karekezi during my first trip to Rwanda in 2005. She was 25 at the time, and I recall my visit as if it were yesterday. We had traveled on back roads all morning, finally winding up at a coffee washing station owned and operated by Koakaka Cooperative, a farmer business that Angelique managed.
Charges for telephone calls across East Africa are set to reduce in July, when countries abolish roaming fees following a directive by the heads of state.
Almost everyone else is an employee. We may have found out the difference between the two types.
Heads of State of the East African Community (EAC) partner states are expected to meet in the Kenyan capital Nairobi, this week, for a summit that will, among others, discuss sustainable financing mechanisms for bloc’s activities.
As disease threatened crops across the country, an initiative from the government and Unicef was able to communicate fast to stop it - demonstrating how open data can transform development
Rwanda tourism revenues increased from $293m in 2013, to $303m in 2014, representing a 3% increase, Rwanda Development Board (RDB) says.
Building and programing a robot from scratch may sound like an impossible task to most primary school students, but one man is changing that mind-set for a generation of Ugandans.
Equity Bank shares are Thursday set to start trading at the Rwanda Stock Exchange following its cross listing. Top bank officials are reported to have travelled to attend the function in Kigali.
The Government of Rwanda and the Federal Republic of Germany this week signed a bilateral agreement worth € 7 million (approximately US$ 7.9 million or RwF 5.5 billion) to support decentralization and good governance.
According to the agreement on decentralization and good governance the € 7 million will be allocated under the Local Administrative Entities Development Agency (LODA), formerly known as Rwanda Local Development Support Fund (RLDSF).
It’s a crying shame. With at least $50b flowing out illegally every year, donors are effectively pocketing back their aid money.
Consumers in East Africa could be paying more for products because of the limited jurisdiction of competition watchdogs preventing them from reining in firms that are accused of misbehaviour.
The East African Monetary Union is set to be launched soon following its ratification by all the five EAC partner states.
Rwanda Revenue Authority has again missed its key tax collection targets.
New Extension in Project at Kigali Airport : Departure Lounge, New RwandAir Lounge and Walkway Canopies
Rwanda Civil Aviation announced that the new extension features include: extension of the departure lounge to allow for more passenger space, more space for duty free shops, and Rwanda air business lounge with support facilities: kitchen and rest rooms.
When we export banking to developing countries, are we providing useful services or financial weapons of mass destruction? Author: Paul Mason