Author: Bienvenue

Brother & Sister Playing With Toys

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Afreximbank Launches Insurance Subsidiary to Address Trade Finance Gap in Africa

Accra, Ghana (Rwanda Press) โ€“ The African Export-Import Bank (Afreximbank) yesterday launched its wholly owned subsidiary Insurance Management Company (AfrexInsure) in Accra, Ghana. AfrexInsure was established to facilitate access to speciality insurance solutions for trade and trade-related investments across Africa. The launch of AfrexInsure was announced, Sunday, by Afreximbank Executive Vice President for Intra-African Trade, […]

Russia-Ukraine War, Covid-19 and Climate Change Push Rwanda to Cut Down Customs Tax

Rwanda’s government announced on Thursday it will cut down customs tax on electric, hybrid and transport cars, as well as taxes on imported foodstuffs and construction machinery. The move was announced by the Finance and Economic Planning Minister Dr Uzziel Ndagijimana during the presentation of the national budget for the fiscal year 2023/2024 to joint […]

Rwanda to Announce Rwf5Trillion Budget for Fiscal Year 2023/2024

Rwandaโ€™s Finance and Economic Planning Minister Dr Uziel Ndagijimana will today present the national budget for the fiscal year 2023/2024 to the parliament. All regional countries under the East African Community bloc are expected to announce their budgets. Looking at the face of the Budget Framework Paper (BFP) and medium-term budget estimates for 2023/24-2025/26 the […]

Equity Bank Group Buys 90% Stake in Local Lender Cogebanque

Equity Group Holdings Plc โ€“ the regionโ€™s financial giant, has acquired a controlling stake in Rwandaโ€™s local Bank โ€“ Compagnie Gรฉnรฉrale De Banque Plc (Cogebanque). According to a notice shared by Equity Group, the deal will see the regional bank acquire a controlling stake at RWF54.68 billion ($47.75 million). The lender, which tops the profitability […]

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