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How Poor or Rich are Rwandans? Finance Minister Announces Today

How Poor or Rich are Rwandans? Finance Minister Announces Today

Later today at 5:00PM, the Finance Minister, Claver Gatete, will announce whether Rwandans are growing richer or poorer. The Ministry’s Communication Officer, Sam Jean RUBURIKA announced that…

Japan gives Rwanda US$8M for rural water supply

Japan gives Rwanda US$8M for rural water supply

Japan has signed Rwanda US$8.4M (Rwf5.8b) to finance a project of supplying water in rural areas. More than 131,000 people are expected to have access to…

Vegetable exports could be Rwanda’s ‘Next Big Thing”

Vegetable exports could be Rwanda’s ‘Next Big Thing”

The growing appetite for Rwandan vegetables abroad is pressing local farmers to transit from subsistence to commercial farming to meet the growing demand. Since 2011, vegetables have boosted the country…

Tony Blair Woos Investors into Corruption-free Rwanda

Tony Blair Woos Investors into Corruption-free Rwanda

Tony Blair, the former UK Prime Minister, says Rwanda is currently attracting lucrative investment deals due to its stance on corruption. Blair made similar remarks at an investment forum in…

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…