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United States Was Rwanda’s Top Investor in 2014

United States Was Rwanda’s Top Investor in 2014

Symbion Power, an American energy investment firm, has investedUS$157m into extracting methane gas from Rwanda’s volcanic Lake Kivu. KTPress can exclusively reveal that the firm’s…

Despite Trade Imbalance, Rwanda Exports Increased by 5 %

Despite Trade Imbalance, Rwanda Exports Increased by 5 %

Rwanda’s total exports in 2014 increased by 5% despite experiencing a trade imbalance due to more imports. Trade Minister Francois Kanimba explained to KTPress that Rwanda’s Exports are…

Kagame says Rwanda not Plundering DRC Coltan

Kagame says Rwanda not Plundering DRC Coltan

President Paul Kagame has offered free visa and air ticket to anyone disputing Rwanda’s Coltan (tantalum) production capability to visit the country’s active mining sites. “Rwanda has not…

Rwanda Commodities Exchange Increases Farmers Revenue

Rwanda Commodities Exchange Increases Farmers Revenue

Rwandan farmers have struggled with market prices for decades. Middlemen try their best to give the lowest prices possible. Many farmers have made losses and others abandoned their farms to…

Belgians urged to tap into Rwanda’s Energy Sector

Belgians urged to tap into Rwanda’s Energy Sector

Belgian’s Deputy Prime Minister Didier Reynders has urged investors from his country to tap into unlimited opportunities in Rwanda’s Energy sector. Reynders accompanied by Belgium Cooperation Minister, Alexander…

Rwanda Lights Highway to DRC to Boost Trade

Rwanda Lights Highway to DRC to Boost Trade

Rwanda has switched on road lights along the 180KM highway connecting the capital Kigali to the border with DR Congo. Of the 180KM Kigali-Rubavu highway, about 114KM are currently…

Rwanda’s central bank maintains lending rate at 6.5%

Rwanda’s central bank maintains lending rate at 6.5%

Rwanda’s central bank maintains its key repo rate at 6.5% and promises to tie inflation between 2% and 2.5% from now until end of March 2015…

Rwandan Investors Collectively Raise $450m

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

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…

‘Made in Rwanda’ Aims to Capture Global Markets

‘Made in Rwanda’ Aims to Capture Global Markets

Rwanda is intensifying efforts to brand locally produced products aimed at enhancing its export base and balance the nagging 75% trade imbalance. Through ‘Made in Rwanda’ initiative, government wants to…

Rwanda Cuts Fuel Prices by Rwf 65

Rwanda Cuts Fuel Prices by Rwf 65

Rwanda on Wednesday announced a surprising cut on fuel prices by Rwf65 ($0.09), to Rwf895 per litre of both petrol, diesel and kerosene, down from current Rwf960 per litre…

Business on boom at refurbished Rwanda airport

Business on boom at refurbished Rwanda airport

Silas Udahemuka, the Director General of Rwanda Civil Aviation Authority, is now, possibly, the happiest man in town. He earned his Christmas gift after impressing President Paul Kagame with the…

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