Rwanda has automated the last Umurenge sectors savings and credit schemes- Umurenge Saccos(U-Sacco), paving the way for the establishment of the national Cooperative Bank. The automation of Kagano Umurenge Sacco,…
Economy
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Economy
Rwanda Completes First Phase of Umurenge Saccos Digitization Today
by Daniel Sabiiti 1:21 pmKagano Sacco in Kagano sector Nyamaseke district will witness the automation of the last Umurenge sectors savings and credit schemes (Umurenge Saccos) in Rwanda. Ministry of Finance and district officials…
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The Rwanda Utilities Regulatory Authority(RURA) has reviewed downward the fuel pump price with effect June 5,2024. Gas oil was put to Rwf 1,663 per liter down from Rwf 1,764 o…
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Economy
Diplomat Designs Path to Connect Rwanda Producers To Pakistan Markets
by Jean de la Croix Tabaro 2:17 pmThe High Commissioner of Pakistan to Rwanda Naeem Ullah Khan has started implementing strategies that will allow his agenda in the host country to materialise. Upon presenting his credentials to…
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National Bank of Rwanda (BNR) has lowered the central bank rate (CBR) to 7% based on the current inflation forecasts that is expected to be manageable, around 5 percent over…
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Rwanda Parliament has approved a proposed budget for the Fiscal Year (FY) 2024/2025 that is forecasted at Rwf5,690.1 billion in estimated resources that will focus on sustainable economic development, improved…
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Economy
Rwanda Country Strategy Paper 2022-26 Progress is Impressive- AfDB Board
by Daniel Sabiiti 4:47 pmThe Board of Directors of the African Development Bank Group has approved the mid-term review of the Country Strategy Paper (CSP) 2022-26 for Rwanda which shows that the progress during…
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Economy
BDF Had To Return Rwf 800 M It Failed to Use To The Provider
by Jean de la Croix Tabaro 2:39 pmMembers of the Public Account Committee (PAC) yesterday expressed disappointment following poor management of a project that was dedicated to poverty eradication. The shortfall was blamed on the Business Development…
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Economy
EU, The Netherlands to Support Construction of Horticulture Wholesale Market In Kigali
by Daniel Sabiiti 2:04 pmThe European Union (EU) in Rwanda has committed to improving the local horticulture value chain and revealed that there is a plan to open a new Kigali wholesale market which…
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Rwanda Transport Development Agency (RTDA) has been put on spot over failure to prioritize construction and rehabilitation of key national and feeder roads which connect communities, drive tourism activities, economic…
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Economy
Auditor General’s report 2024 Shows Reduction In Wasteful Expenditure
by Daniel Sabiiti 3:25 pmThe Office of the Auditor General’s (OAG) annual audit report for the year ended has shown a slight increase in the proportion of Government expenditure, decline in unlawful expenditures and…
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Economy
Africa Food Systems Forum Gives A Formula for Small Holder Farmers to Feed the Continent
by Jean de la Croix Tabaro 6:33 pmRwanda is today launching the Africa Food Systems Forum (AFS)2024 where more than 300 agriculture stakeholders including, women, government leaders, philanthropists and development partners gather to kick start the journey…