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 amount drawn…
Economy
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Economy
In Pictures: Rubavu Streets, Beaches Deserted as COVID-19 Lockdown Carries On
by Edmund Kagire 1:41 pmRubavu 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’s…
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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 of…
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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…
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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’s economy…
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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.…
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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…
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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 both…
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Authorities from the Ministry of Trade and Industry and Private sector federation of Rwanda (PSF) have warned traders against hiking prices. They were also requested not to use substandard materials…
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The ministry of agriculture has asked parliament to push for establishment of a farmer’s bank to address the challenge of lack of access to agriculture financing. The national bank of…
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Rwanda Development Board (RDB) has clarified that preparation to host the 2020 Commonwealth Heads of State and Government Meeting (CHOGM) is still on and instead Rwanda is warming up to…
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Economy
Trade Minister Explains Causes of Low Occupation Among Cross Border Markets
by Daniel Sabiiti 5:03 pmThe ministry of trade has assured parliament that issues surrounding cross border markets will be solved as soon as possible to have the projects further reduce imports from neighboring countries.…