Rwanda’s 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 […]
Afreximbank Launches Insurance Subsidiary to Address Trade Finance Gap in Africa
Accra, Ghana (Rwanda Press) – 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, […]
Anglican Church of Rwanda urges Archbishop of Canterbury against promoting LGBTQ rights
KIGALI (RP)- The archbishop of Anglican Church in Rwanda and Chair of the Gafcon Primates Council, Rev Laurent Mbanda has urged the Archbishop of Canterbury to stop meddling in the affairs of Anglicans on Africa continent, saying his support for same-sex marriage has torn the worldwide Anglican communion a part. Last week, Justin Welby, the […]
Ukraine War, Covid-19 and Climate Change Push Rwanda to Cut Down Customs Tax on Goods
Rwanda government announced on Thursday it will cut down customs tax on electric cand hybrid cars, transport cars as well as taxes on imported food stuffs and construction machinery. The move was announced by Finance and Economic Planning Minister Dr Uzziel Ndagijimana during presentation of the national budget for the fiscal year 2023/2024 to joint […]
Rwanda to Announce Rwf5Trillion Budget for Fiscal Year 2023/2024
Rwanda’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 – the region’s financial giant, has acquired a controlling stake in Rwanda’s local Bank – Compagnie Générale 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 […]
EAC Rolls Out Campaign to Grow Agri-Export Trade
The East African Community (EAC) has launched a campaign aimed at creating awareness on agri-export trade opportunities that have been created through the EU-EAC Market Access Upgrade Programme (MARKUP). Through the campaign, small and medium-sized enterprises (SMEs) in the agricultural value chain, co-operatives and farmers, as well as government entities in the EAC will access […]