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Economy

Rwanda revises trade policy to address trade imbalance

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

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

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

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…

Rwanda unveils 3-year ambitious development plan

Rwanda unveils 3-year ambitious development plan

70% of Rwandan households with access to electricity 100% of Rwandan households must have access to clean water 72% Rwandans must have access to financial services Cut poverty to less…

Rwanda’s president orders for cooperative bank

Rwanda’s president orders for cooperative bank

President Kagame has ordered Trade and Industry Minister to establish a cooperatives bank as soon as possible. The President made the immediate order in response to a seemingly emotional request…

Rwandan banks growing exponentially, but not taped into abundant opportunities

Rwandan banks growing exponentially, but not taped into abundant opportunities

KIGALI-RWANDA-Rwanda’s banking sector, regarded as a virgin industry, recorded modest profits in the first quarter of 2014, thanks to a cash-hungry economy recovering from the 2013…

For Rwanda, more mountain gorillas means more revenues

For Rwanda, more mountain gorillas means more revenues

At the foot of the Virunga Volcanic Mountains, Northern Rwanda, thousands of villagers gather to celebrate the birth of 18 mountain gorilla newborns just meters from the bambooforest up in…

Why Rwanda economy bounced back to strong growth

Rwanda’s economy is expanding at yet another record speed. It has returned to strong growth in the first quarter of 2014 after slowing down sharply last year. Economic growth…

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