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Rwandan Economy Realised 1.7% Growth in First Quarter

Rwandan Economy Realised 1.7% Growth in First Quarter

Rwanda’s economy grew by 1.7% in the first quarter of 2017, as Gross Domestic Product (GDP) reached Rwf1, 584 billion, up from Rwf1, 557 billion in the same…

Africa May Fail to Access Global Markets – Minister Gatete

Africa May Fail to Access Global Markets – Minister Gatete

  Protective economies overseas that prevent Africa from accessing their markets may place the continent at the losing end. Claver Gatete Rwanda’s Finance and Economic Planning Minister says Africa…

RwandAir Appoints UK Firm to Handle its Cargo Services in Europe

RwandAir Appoints UK Firm to Handle its Cargo Services in Europe

Just after RwandAir made its maiden flight from Kigali to London, the airline has selected an agency to handle its sales in the United Kingdom. According to AirCargoNews, the agency…

Central Banks Reduces Lending Rate to 6%

Central Banks Reduces Lending Rate to 6%

  Rwanda’s Central Bank (BNR) announced on Tuesday it will maintain its key repo rate at 6% for the next three months down from 6.25%. Central Bank Governor…

Rwanda Day Increased Remittances Back Home

Rwanda Day Increased Remittances Back Home

In 2010, the government of Rwanda decided to go beyond its borders mobilising Rwandans in Diaspora to contribute to nation building. Through #Rwanda Day, more than 40000 Rwandans have been…

Tax on Sugar Down But Remains High on Second-hand Clothes

Tax on Sugar Down But Remains High on Second-hand Clothes

At least many homes in Rwanda will afford sugar but will have to spend more money to buy second-hand clothes and shoes. Going by the National Budget for 2017…

Cabinet Approves Budget for 2017/2018 Fiscal Year

Cabinet Approves Budget for 2017/2018 Fiscal Year

A whooping Rwf 2 trillion will be used to finance all activities planned for the 2017/2018 financial year. On Tuesday, an extra ordinary cabinet meeting convened at Village Urugwiro…

Rwanda Considers Selling Many ‘Loss-Making’ Public Factories

Rwanda Considers Selling Many ‘Loss-Making’ Public Factories

Several public owned factories are reportedly operating under losses and Rwanda government is considering selling them off to private investors. For example loss-making milk processing plants include; Mukamira diary…

MTN, RURA in Prolonged Negotiations Over $8.5m Fine

MTN, RURA in Prolonged Negotiations Over $8.5m Fine

Rwanda Utilities Regulatory Authority (RURA) and MTN Rwanda are holding  closed-door discussions over a multibillion fine slammed against the telecom company , KT Press has established. According to MTN Rwanda…

Hundred Private Schools Bankrupt , Begin Closing Business

Hundred Private Schools Bankrupt , Begin Closing Business

Private schools are pleading with government for partnerships and save them from failing due to bankruptcy. More than hundred schools across the country fear that they may run out of…

Unemployment Rate in Rwanda Actually 13.2% Not 2.5%

Unemployment Rate in Rwanda Actually 13.2% Not 2.5%

Unemployment statistics in Rwanda previously provided by the statistics body have been inaccurate, KTPress reports. The National Institute of Statistics of Rwanda (NISR) on Tuesday admitted before Parliament that they…

Car Imports to Rwanda Drop by 20% As High Taxes Bite

Car Imports to Rwanda Drop by 20% As High Taxes Bite

Potential car buyers in Rwanda are increasingly hesitant to dip into their pockets to acquire cars imported into the country due to high taxes. This behaviour among potential clients may…