The Ministry of Trade and Industry (MINICOM) plans to make a twenty per cent (20%) contribution towards the country’s Gross Domestic Product (GDP), as part of their contribution to the vision 2020 government plan. The Industry sector contributed 13% to [...]
The Rwanda Stock Exchange of late has truly become a Jekyll and Hyde story. On any given day, returns can either be in the high nine-figure range, or just a couple million. Thursday, unfortunately for market regulars, belonged to the [...]
Judging on the somewhat flimsy premise of popularity alone, Bank of Kigali (BK) is far and away Rwanda’s biggest Bank. However, more concrete criteria exist to rightfully assign BK this title, as it remains the country’s biggest bank based on [...]
President Kagame receives outgoing IMF Country Representative, Mr. Dmitry Gershens, and Director of IMF’s African Department, Antoinette Sayeh, July 20, 2012, in Kigali (Photo from PPU) The International Monetary Fund said on Thursday (November 29, 2012) that it [...]
Rwanda as a whole has experienced a dramatic increase in number of hotel rooms available countrywide over the past decade, going from just 680 available nationwide in 2003 to a whopping 6,700 this year, according to reports. This has precipitated [...]
Urwibutso Enterprise in collaboration with Sweet Potato Action for Security and Health in Africa (SASHA) and its partners International Potato Center (CIP), Rwanda Agricultural Board (RAB), Catholic Relief Services (CRS), IMBARAGA, Young Women Christian Association (WCA) have launched the Orange [...]
Finance Minister John Rwangombwa has called for increased Foreign Direct Investment (FDI) in Africa, as a way of validating economic growth on the continent. “It is worrying to know that Africa attracts less than nine percent of FDI. We need [...]
The People’s Republic of China has made a pledge of US$ 100,000 to the East African Community (EAC) Secretariat to help in “scaling up” trade with the regional economic bloc, and to support in developing cooperation programs between China and [...]
Contrary to what was said by UN experts that Rwanda gets minerals from the neighboring DRC, Foreign investors in mining sector say Rwanda has large reserves of minerals. On the Rwandan side, the country is not only concerned with huge [...]
A leading international financial intelligence firm Standard and Poor’s has dropped its country outlook for Rwanda to ‘stable’, a notch down from the ‘positive’ benchmark it had long maintained. The downgrade comes as a result of the continuing finger-pointing by [...]
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