Engineer Heinz-Peter Mang has a humble dream. And that dream is to turn human excrement into nuggets of purest gold.
Pump prices for oil products will, effective today, drop to Rwf845, down from Rwf895 per litre, the Ministry of Trade and Industry said in a statement released yesterday.
With low national savings, a sustained flat rate of investment plus the uncertainty of aid flows, there is concern about the sustainability of the country’s economic recovery in the long run.
Keeping investments above savings, according to bankers, means that Rwanda has more investment opportunities than it can afford to undertake.
In order to encourage savings, the government has rolled out savings and credit co-operatives (Saccos) at the village level and introduced a stock exchange, among other initiatives.
The City of Kigali has expropriated hundreds of residents who lived in slums in Kiyovu, Kimicanga and Muhima with the expectation that property developers would invest in modern housing and commercial business structures to accommodate them, but there are still many residents who live in unplanned settlements. Plans to move such families to low and medium scale housing projects have not been implemented and some of the proposed projects seem to have have stalled for years.
Rwanda needs to mobilise its domestic resources in order to strengthen its financial independence.
President Kagame on Tuesday night received Christine Lagarde, Managing Director of International Monetary Fund (IMF), who is on a three day visit in Rwanda.
Nairobi – East African capital markets were the best performers in sub-Sahara African during 2014, topped by the Tanzanian bourse that grew by 22.7 per cent, followed by Uganda at 14.1 per cent and Kenya, 13.3 per cent, a report by fund manager PineBridge indicates.
The railway linking Zambia to the port of Dar es Salaam, Tanzania , was reopened Friday after five days of strike of the employees of the Authority railways Tanzania - Zambia ( TAZARA ), the movement was declared illegal by the justice , according to a statement.
After years of negotiations between the East African Community (EAC)—the regional organization including Burundi, Kenya, Rwanda, Uganda and Tanzania—and the European Union (EU), early reports suggest that the two partners will sign a comprehensive trade deal, an Economic Partnership Agreement (EPA), by the end of the month.