The Government of Rwanda and UK mining giant Rio Tinto Minerals Development Limited have signed a Memorandum of Understanding (MOU) for the exploration and mining of lithium in Rwandaโs Western Province. Yamina Karitanyi, Chief Executive Office of Rwanda Mines, Petroleum and Gas Board said the entry of Rio Tinto in Rwandaโs mining sector is a […]
World Travel & Tourism Summit Comes to Rwanda
Kigali, Rwanda, October 31 – Rwanda Press- The World Travel and Tourism Council (WTTC) gears up for its stellar 23rd Global Summit in Kigali this week (1-3 Nov), with Ivorian footballing legend Didier Drogba set to take to the stage. Regarded as one of the greatest African football players in history, and all-time top scorer and […]
Rwanda Announces 23 Newborn Gorillas to be Named
Kigali, August 29, 2023, Rwanda Press โ Rwandaโs tourism body has announced that twenty-three baby gorillas will be named at the annual gorilla naming ceremony. According to the Rwanda Development Board (RDB), each of the 23 baby gorillas to be named has a unique story and will play a crucial role in the growth of […]
Rwanda, German Football Club Bayern Munich Sign Mega 5-Year Deal
Kigali, August 28, 2023, Rwanda Press โ German Football Club, Bayern Munich on Sunday, August 27, announced a five-year football development and tourism promotion partnership with Rwanda. The partnership, unveiled during FC Bayernโs first home game of the season, will see the club work specifically with Rwandaโs Ministry of Sports to set up a football […]
Rwandaโs Army Bank Registers Rwf22.8Bn Net Profit
Kigali, Rwanda Press, 18 July 2023 โ Zigama Credit and Savings Society (ZIGAMA CSS) โ Rwandaโs bank that brings together members of the security organs, has recorded a net profit of Rwf22.8 billion for the year 2022, up from 17.7 billion recorded the previous year. The new figures were announced on Tuesday, during the bankโs […]
RwandAir Launches Maiden Flights to Paris
Kigali, Rwanda Press, 27 June 2023 โ RwandAir has launched its inaugural flights to Paris, France, operating three times a week, providing customers with convenient access to the chic and vibrant European city. RwandAir revealed the development of the new route today. Yvonne Makolo, Chief Executive Officer of RwandAir, expressed the airlineโs excitement and pride […]
Breaking: Rwanda Registers 9.2% Economic Growth in Q1 of 2023
Rwandaโs economy grew by 9.2% in the first quarter of 2023, the National Institute of Statistics of Rwanda (NISR) body announced on Monday. In a press conference organized by the Ministry of Finance and Economic Planning together with the Statistics body (NISR), it was announced that the economic growth was hugely attributed to the service […]
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 […]
Equity Bank Group Buys 90% Stake in Local Lender Cogebanque
Equity Group Holdings Plc โ the regionโs financial giant, has acquired a controlling stake in Rwandaโs 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 […]