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Rwanda and neighbors create ‘one airspace’ to cut flight fares by 40%

Rwanda and neighbors create ‘one airspace’ to cut flight fares by 40%

 Rwanda, Kenya, Uganda and  South Sudan have signed a landmark airspace deal that will slash down flight fares by 40% starting 2015. Travelers have continuously complained of high flight tariffs…

Rwandan businesses turn to Turkey for supplies

Rwandan businesses turn to Turkey for supplies

Rwandan traders are increasingly turning to Turkey for its quality products, KT Press has exclusively learnt. “Turkey has high quality products compared to Dubai and China, which have been our…

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…

Rwanda’s 15 bn bond registers high subscription

Rwanda’s 15 bn bond registers high subscription

Rwf 15 billion (21.8M) Treasury bond has registered a 187 % subscription level with 59 bids from different categories of investors. Rwanda issued the bond, to seek funds for infrastructure…

Liquid Telecom injects $ 250,000 in the Ebola fight

Liquid Telecom injects $ 250,000 in the Ebola fight

Liquid telecom, a communications company in Africa has donated $ 250,000 to facilitate Rwanda’s fight against Ebola. It is the first ever Private Company to donate to the Ebola…

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…

RRA says billing machines increasing tax base

RRA says billing machines increasing tax base

Barely six months after the introduction of Electronic Billing Machines, Rwanda revenue authority (RRA) says the results are impressive. Speaking at this year’s tax payers’ day celebration…

Rwanda contracts Nokia Networks to run LTE network

Nokia Networks has struck a deal with the government of Rwanda to provide radio and core network and manage the services to build the country’s first commercial LTE network…

Rwanda announces giveaway price for its $21m bond

Rwanda’s coupon rate for the Rwf15 billion ($21.8m) bond has been set at upper 11’s. The central bank announced on Wednesday the rate is between 11.5…

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…