Economy
Rwandan Investors Collectively Raise $450m
In 2006, President Paul Kagame counseled members of the private sector to pool scattered resources together and venture into sizeable investments and benefit the economy. The idea is mainly aimed…
EU gives Rwanda €27.8m to boost Agriculture
Rwanda has received €27.8m from the European Union. The funds, signed for on Christmas Eve, are meant to upgrade projects in the agriculture sector, as well as the revamping…
Rwandans in France Donate to One-cow-per Family
An Association of Rwandan women living in France and their friends have donated five hybrid cows to Rwanda’s One-cow-per family program. The One-cow-per family initiative…
Rwanda shouldn’t wait for favours from anywhere – UN
Countries like Rwanda that show resilience in transforming their economies “cannot wait for favourable winds, said Executive Secretary for United Nations Economic Commission for Africa, Carlos Lopes. Lopes was speaking…
Rwandans Turning Digital to Boost Economy
President Paul Kagame has commended the increased usage of Information Communication Technology (ICT) among Rwandans and its substantial contribution to the country’s economy. Kagame said that ICT has become…
Kagame outlines pragmatic shift into agriculture to boost economy
President Paul Kagame has said the government will invest heavily in agriculture to boost the economy and increase household income. While officially opening the 12th National Dialogue Council (Umushyikirano), Kagame…
Rwanda’s GDP Expands by $2b in Third Quarter
Rwanda’s economy expanded 7.8% by September, Finance Minister, Claver Gatete announced Wednesday morning. He said GDP for just 3rd quarter rose to Rwf1,393 trillion ($2b) from the…
Rwanda revises trade policy to address trade imbalance
Rwanda says it is revising policies to fix its daunting trade imbalance, mainly caused by huge importation of mainly electronics, light manufactured merchandise, petroleum products, fertilisers construction materials. Despite Rwanda…
IMF says bank rates in Rwanda are dangerous
The International Monetary Fund (IMF) is concerned commercial banks in Rwanda are ripping off customers with acute interest rates, derailing growth. Interest rates on credit are surging between 18% and…
Rwanda seeking ideas on how ICT can transform its economy
Hundreds of business executives from around the world are heading to Rwanda to attend a high-end conference on Information Communications Technology, dubbed ‘SMART Rwanda Days’. The annual event brings…
EU signs Rwanda €460m grant for development
The European Commission (EU) on Thursday signed with Rwanda a €460 (Rwf410b or US$600m) grant meant for assisting the country with its development agenda. The six year development assistance…
Rwanda’s economy maintains 7.4% growth, despite a staggering trade deficit
Rwanda’s economy has maintained a steady growth of 7.4% thanks to a booming service industry which rose by 22.4% from 12.6% in the first quarter. Central…
