The ongoing huge projects that Rwanda is currently executing have pushed the country’s trade deficit by 9.5%, Central Bank Governor John Rwangombwa said while announcing quarterly economic outlook. Rwangombwa said…
Business & Tech
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The Central Bank has announced that the newly printed Rwf500 and Rwf1000 notes that were printed will be out on the market next week. “We had several bidders and finally…
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The number of individual investors in government-issued treasury bonds has grown from 0 to 10%, Central Bank Chief Economist, Prof. Thomas Kigabo says. A Treasury bond (T-bond) is a common…
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Rwanda Environment Management Authority (REMA) has ordered Usine Textile du Rwanda (UTEXRWA) – a textile industry to relocate in a gazetted wetland urgently. Starting January 28, Rwanda Environmental Management Authority…
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Economy
Central Bank to Release Monetary Policy Statement under New Framework
by Dan Ngabonziza 1:22 pmRwanda’s Central Bank will this Thursday, February 7, release the quarterly Monetary Policy and Financial Stability Statement – this time under a new ‘Interest rate – oriented’ monetary policy framework.…
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In its quest to cut down on natural gas import bill, Rwanda government through Rwanda Mines, Petroleum and Gas Board (RMB, and Rwanda Development Board (RDB) signed a deal with…
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Rwanda Business Development Fund (BDF) will this year double funding for small and medium projects with a focus on projects proposal from fresh school graduates. During a press briefing on Thursday,…
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Economy
Untold Story of Irembo, Rwanda’s One Stop Centre for Gov’t Services
by Dan Ngabonziza 1:43 pmIn the early 2000s, Onesphore Mpakaniye, 70, used to walk 10 kilometers from Ngarama Sector in Gatsibo District in Eastern Province to process travel documents at former Murambi Commune offices…
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Rwanda’s National carrier RwandAir, has announced a partnership deal with world class passenger service solution giant Amadeus to provide world class customer service. In a communique issued on Wednesday, RwandAir…
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Agricultural policy makers have advised farmers to start thinking about collective selling points, which will allow them to sell in bulk and impose market prices. The proposal follows persistent price…
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Companies
Prime Minister Launches Skol’s Packaging Line as it Expands 25% Market Share
by Dan Ngabonziza 4:04 pmRwanda’s Prime Minister Dr. Edouard Ngirente has said that Skol Ltd’s continued expansion favours the country’s ambitious plan to increase export’s base by 17% annually. Skol Brewery Ltd – a…
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Hima Cement Limited – a Uganda-based cement manufacturer with 20 years presence in Rwanda says it considers expanding its presence in the country – citing ongoing negotiations to even establish…