Economy
Rwanda, Germany Sign €52.1million for Urban Development, Job Creation
Rwanda and Germany have signed a financing agreement worth more than €52.1million (Rwf53billion) to support sustainable urban development, decentralization and promotion of growth and export-oriented small and medium…
Covid-19: RURA Fixes Gas Prices Amid Price Hikes
Rwanda Utilities Regulatory Authority (RURA) has released directives prohibiting traders from hiking prices of household utilities like Liquefied Petroleum Gas (LPG). Gas dealers hiked prices after the first 14-day…
No More Contributions to Agaciro As Fund Grows
The Government has halted contributions towards the country’s sovereign wealth fund known as Agaciro Development Fund which was established in 2012, citing growth in capital and investment to make…
TBD Dedicates A Financial Package to Mitigation of Covid-19 Impact
The Trade and Development Bank (TDB) has come on board to rescue African countries with support to procure essential medical supplies, and bail out regional financial institutions facing liquidity challenges…
Rwanda Gets $109M Boost from IMF to Fight COVID-19
The Executive Board of the International Monetary Fund (IMF) on Thursday approved a US$109.4 million financing for Rwanda to go towards the fight against the new Coronavirus. The…
In Pictures: Rubavu Streets, Beaches Deserted as COVID-19 Lockdown Carries On
Rubavu town is known to be a city full of life with beaches teeming with people and an alternative destination for people who want to get away from Kigali, Rwanda…
AfDB Launches Low Rate ‘Fight COVID-19’ Social Bond
African Development Bank has launched a record breaking $3 billion “Fight COVID-19” Social Bond for African countries, whose economies are currently largely under a slow down as a result…
COVID-19: Central Bank Clarifies On Closure Of Bank Branches
The National Bank of Rwanda (BNR) has clarified on the advice by Rwanda Bankers’ Association (RBA) to banks to close some of their branches in the City of Kigali as…
Rwanda GDP Increases by 9.4 – NISR
The National Institute of Statistics of Rwanda (NISR) has released figures that show the 2019 gross domestic product (GDP) estimates, calculated using the 2017 benchmark, increased by 9.4%. Rwanda…
Rwandan Banks Introduce New Restrictions on Cheque Payments
In a bid to control spread of Coronavirus, Rwanda Bankers Association (RBA) has instructed that all banks to no longer allow third party cheque payments for the next three months…
Gov’t Fines Traders Increasing Prices
A total of 24 businesses and people in the City of Kigali have been fined after they were caught inflating prices in the wake of the Novel Coronavirus outbreak. Rwanda…
Rwanda Central Bank Eases Covid19 Pressure On Businesses
In a bid to cope with the current Covid-19 pandemic and prevent an economic shock, the National Bank of Rwanda (BNR) has eased the normal bank loaning procedures for…
