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IFC Issues $5m Offshore Bond in Rwandan Franc

IFC Issues $5m Offshore Bond in Rwandan Franc

The International Finance Corporation has issued a 3.5 billion Rwandan Franc (US$5m) bond on the Luxembourg Stock Exchange, KTPress has learnt. The bond, not yet, unnamed, mark the…

Kagame Prefers Capital Markets For Investment Finance, Not Aid

Kagame Prefers Capital Markets For Investment Finance, Not Aid

President Paul Kagame says African countries will not succeed economically if the continent does not embrace the spirit of integration and cooperation. “No country on our continent on its…

Kenya’s Crown Paints Penetrates Rwandan Market as Competition Soars

Kenya’s Crown Paints Penetrates Rwandan Market as Competition Soars

Kenya’s Crown Paints Ltd, East Africa’s leading paint manufacturer, has officially penetrated into the Rwandan market, with observers projecting stiff competition against domestic manufacturers. Last year, the Indian…

Rwanda Welcomes $500M Investment From Buffet Foundation

Rwanda Welcomes $500M Investment From Buffet Foundation

Howard Buffett – the eldest son to multi-billionaire investor and philanthropist, Warren Buffet, will invest $500 million (Rwf 350 billion) to transform agriculture production in Rwanda, away from subsistence…

Cooperatives in Rwanda Seek Investor to Run Their New Bank

Cooperatives in Rwanda Seek Investor to Run Their New Bank

Rwandan cooperatives are anxiously waiting for establishment of a bank that will help finance most of their projects, which local commercial banks are reluctant to invest in. According to Rwandan…

Can Rwanda Cut Biting Trade  Imbalance? Christine Lagarde Says YES

Can Rwanda Cut Biting Trade Imbalance? Christine Lagarde Says YES

The Managing Director of the International Monetary Fund, Christine Lagarde says regional integration could work miracles in diversifying Rwanda’s exports and end the country’s trade imbalances. “While…

Fitch Rates Rwanda with B+, Says Outlook Stable

Fitch Rates Rwanda with B+, Says Outlook Stable

Rwanda’s growth prospects have a B+ rating an indication of a strong and stable economy, KTPress has established from an assessment released January 23 by Fitch Ratings -a global…

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…