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The sale, only the second by Rwanda, at an interest rate of 5.5%, follows lower than expected interest rates on paper issued by B Ghana b and B Benin b in July, and dollar debt sales by B Cameroon, Kenya b and B Senegal b in June. But emerging markets analysts Tellmer say that there is "generally strong investor buy-in to Rwanda's growth and reform story, despite a high and rising debt burden" adding that "we view the issuance as a positive signal for Rwanda's debt management". Rwanda became the latest African sovereign to benefit from money markets issuing US$620m of international bonds on August 2nd. [Extracted from the article]

I (Rwandan franc 1000 = £0.77/$0.96/€0.90) i B The aim is to return growth to pre-pandemic levels. b The government of Rwanda is expected to spend an estimated Rwandan francs 4,658.4bn in the next fiscal year (2022/2023), representing an increase of Rwf217.8bn or 4.7% compared to Rwf4,440.6bn of the revised budget of the current fiscal year. The disclosure was made on May 19th by Uzziel Ndagijimana, minister of finance and economic planning, while presenting the 2022-2023 Budget Framework Paper, and the annual budget estimates to both chambers of parliament. While presenting the proposed financial plan to legislators, Ndagijimana said that the next financial year budget, which will start on July 1st, 2022, will focus on the implementation of government strategies meant to resuscitate the economy from the Covid-19 pandemic so that it reaches the pre-pandemic growth level. [Extracted from the article]

The article reports that a four-year interline agreement between British Airways (BA) and Rwandair Express, Rwanda's national airline, will terminate on May 31, 2008 because BA will phase out paper tickets, effective June 2008. According to BA Commercial Agreements Manager Gary Wallace, while they will continue to accept paper tickets signed by Rwandair up to May 31, 2008, they will not renew the interline deal. He added that BA will prioritize implementation of interline e-tickets on the basis of the value of interline traffic between BA and other carriers involved.

The article reports about the bank profits in Rwanda. This paper discusses the economic growth in the country which forms a strong backdrop in commercial banks. The second-biggest bank in Rwanda, Rwanda Commercial Bank has had a steady growth in its customer base and this boosted growth in performance. Pre-tax profits are reported. Competition in rolling out new products has improved and customers are more attracted to invest. Profits has improved and continuously rose. The bank is owned by Actis but the government still owns a part.

A country report for several African countries is presented from publisher John Wiley & Sons Ltd., with topics including the economic growth in Morocco, welfare assistance payments provided by Nigeria to poor people, and the impact of rapid urbanisation on the food security in Rwanda.

The article reports on news items concerning the agricultural sector in Africa as of July 15, 2006. The Rwanda Development Gateway is designing a website for the Ministry of Agriculture. The food security in Burundi is being threaten by fears that an incurable banana disease could sweep across the nation. About 3.6% surplus in cereal production is expected by Mali for the 2006-2007 season.

The article reports several economic aid around the world. A 13-billion-shilling deal has been signed by Japan with Tanzania for a water project to distribute clean and safe water for urban dwellers. China will be lending $1 billion to Nigeria for modernization of its railways and to help speed its economic development. Rwanda is the new target country and partner of the malaria initiative of U.S. and is to receive its part of $1.2 billion to control the killer disease.

The article presents the June 16-July 15, 2014 issue of the journal "Africa Research Bulletin,' which focuses on various political and economic issues related to African countries. Topics discussed include despite the negative impact of instability in neighboring countries the growth remaining strong in East African countries, the importance to security given by Kenya, and the plan of the government in Rwanda to spend 2.58 billion U.S. dollars to improve infrastructure and export promotion.

The article provides an outlook for the economic condition of Rwanda. It expects that the economy of the country will grow by 7% to 8%, up from 5.5% in 2009. According to Minister of Finance and Economic Planning John Rwangombwa, the agricultural sector was the key factor of economic growth, having registered a 10.4% growth in 2009. Moreover, financial experts from the agency anticipate that private sector will increase by at least 20%, therefore, boosting the economic activity.

The article reports that the World Bank has given $84M to facilitate economic development and poverty reduction strategy in Rwanda. The money has been allocated and divided into several programs including Lake Kivu methane gas project, Kigali-Ruhengeri road rehabilitation program and projects to fight HIV/AIDS.

The article reports that Belgium is providing a $168m fund to support agricultural and health development programs in Rwanda for four years. The United States Agency for International Development has also amended its five-year agreement to increase the 2006 assistance by over $37m on health care wherein 80 percent is earmarked for the prevention, treatment and care of HIV/AIDS.

The article reports on the World Bank's approval of an International Development Association grant to support improvements in its operations and service delivery systems in Rwanda. It discusses Rwanda's attempt to modernize key internal systems of the government that are critical to its overall development strategy.

The article reports on the European Union's donation of funds to renovate the Supreme Court offices at Kimihurura, Rwanda. Hygebat Construction Co. will do the construction work under the supervision of ADC Consultancy. The Supreme Court has also received additional funds from Switzerland to buy modern equipment.

Reports on Rwanda's receipt of funds from the World Bank Ecosystems Management Fund to implement an Integrated Management of Critical Ecosystems project. Total grant to help farmers adopt sustainable agricultural intensification technologies.

The article reports on the tensions and rivalries of East African countries which threatens to split economic bloc in the region. It notes that the Coalition of the Willing formed by Kenya, Uganda, and Rwanda and excluded Tanzania risked weakening of the East African Community (EAC). President Yoweri Museveni of Uganda said that the coalition, which was publicly protested by Tanzanian officials, will include Tanzania once discussion of logistics turned to the Southern Corridor.

The article reports on the decision of Great Britain in November 2012 to withhold 21 million U.S. dollars of aid to Rwanda amid reports that Rwanda is providing support for rebels in the Democratic Republic of Congo.

I (Rwandan francs 1000 = US$1.05/€0.94/£0.85) i B Spending rises to meet the demands of the Covid-19 outbreak. b With coronavirus expected to slow down Rwanda's economic growth and targets, the government is set to increase national spending by 7.5%, with the country's budget increasing from Rwf2,876.9bn in the 2019/20 fiscal year to Rwf3,245.7bn for the 2020/21 financial year. The minister said that non-tax revenue collection is estimated at Rwf 184.3bn which is Rwf 48.6bn lower than Rwf 232.9bn estimated in the 2019/20 revised budget. "Fiscal year 2020/21 total spending is projected at Rwf 3,245.7bn which is Rwf 228.7bn higher than revised budget estimates of Rwf 3,017.1bn. [Extracted from the article]

Information about the 8th Vibrant Gujarat Global Summit 2017 held in Gujarat, India from January 10-13 is presented whose topics include agriculture, aviation and healthcare in Rwanda and Kenya.

The article offers news briefs related to the African Development Bank (AfDB) as of January 1, 2017, including the appointment of five regional directors-general like Janvier Litse, the transformation of Rwanda's economy, and women-owned businesses in Nigeria.

The article reports that Rwanda is planning to move from an agriculture based economy to industry and services with special focus on investment in infrastructure and export promotion. Topics include the plan of the government to spend 2.58 billion U.S. dollars in the 2014-15 fiscal year, Minister of Finance Claver Gatete's statement that despite a drop in the global economy to three percent the economy is expected to grow by 6 percent in 2014, and 100 percent tax reduction on sugar import.

The article reports that Rwanda has listed a 5 million dollar Treasury bond on the Rwanda Over-the-Counter exchange (ROTC), the fourth bond that it listed since January 2008. Rwanda Capital Markets Advisory Council (CMAC) executive director Robert Mathu says that Rwanda uses the stock market to finance infrastructure development. Furthermore, National Bank of Rwanda (NBR) plans to spend 8 million dollars on information and communication technologies (ICT) infrastructure modernisation.

The article reports on the fiscal plans of east African countries such as Kenya, Rwanda and Uganda to overcome the economic recession. It cites that the countries raised spending with budgets of 11.4,1.48 and 3.3 billion dollars, respectivley. Meanwhile, the three countries were careful to avoid weighty tax measures to allow growth space for their economy despite the expectation to suffer slower growth in 2009.

The article reports on the priority of the Rwanda's government to push the development of infrastructure and human capital. According to Finance and Economic Planning Minister James Musoni, the government proposed budget bill for Rwanda for year 2009-2010 has increased by 3% of the proposed draft budget in April 2009, to 838 billion Rawandan francs. It mentions that the budget would be provided to rural infrastructure as well as to the development of the income-generating activities.

The article focuses on the 2009/2010 budget policy proposals in Rwanda. Finance Minister James Musoni said that the 2009/2010 budget will decline by 2.7% in total revenues and grants compared to the 2008/2009 budget estimates due to the financial crisis in 2009. It says that the good governance sector will take the biggest portion of estimated spending in 2010, with funding increased from 36.2% to 42.3%. Also included in the proposal is the implementation of free trade zone and tax breaks on energy saving devices, resulting for losses in government revenues. It mentions that the European Commission (EC) is planning to support the Rwandan government through offering financial assistance amounting to Euros 26 million.

The article reports on the plan of Rwanda Ministry of Infrastructure to introduce a National Energy Development Agency and National Transport Development Agency in 2009. It notes that the plan aims to coordinate the energy and transportation sector as well as to enhance access to energy resources and improve the quality of public transport services in the country. Details on the programs included in the ministry's decentralization plan are also provided.

The article reports that Rwanda has a real, consistent growth of more than five percent between 1994 and 2004, which is the second highest in Africa. Rwanda's economic development vision is based on a philosophy that sees the establishment of security as a precondition for growth and shared economic growth as the only guarantor of long-term security. This vision extends beyond its borders, the Rwanda's integration into the East African Community, as well as its contributions to African Union and the United Nations efforts in Darfur and the Comoros have cemented this new direction.

The article reports on the Rwanda government's investigation of corruption in government parastatals or government companies. The Criminal Investigations Department already investigated 22 ministries and parastatals for allegations of misuse of government resources. Investigations revealed that misappropriation of government funds happened in the Ministries of Infrastructure, Internal Security, Lands and Environment, Youth and Sports as well as Foreign Affairs. Some of the major parastatals investigated include the Kigali City Council, the biggest tea industry Ocir-The and the Kigali Institute of Science & Technology.

The article reports on the fund received by Rwanda from the International Monetary Fund (IMF) under the Poverty Reduction and Growth Facility (PRGF). The country is to receive $1.7m that brings the total amount received to $5.1m under the PRGF which is almost half of the total amount to be receive from IMF over a three-year period. Meanwhile, IMF's Murilo Portugal mentions several challenges that needed to be solved by the Rwandan government which include management of grant-financed fiscal expansion without threatening macroeconomic stability, avoidance of increasing inflation, and others.

The article reports on the selection of the Rwanda Office of Tourism and National Parks to be a model for executing e-tourism in Africa. It discusses the long-term partnership between the United Nations World Tourism Organization and Microsoft that will see them provide information, and communication technologies fro emerging tourism economies.

The article discusses on the telecommunication services industry in Kenya. Telecommunication services provider in the country had initiated moves to expand their companies and to improve its services to the subscribers. Meanwhile, the minister of Information and Communication in Kenya, Mutahi Kagwe and his staff are finding ways that mobile services could be accessible to the citizens of the country by looking for a possibility that will lower the taxes charges for mobile call tariffs.

The article reports on the economic progress of Rwanda since the 1994 genocide. Although, still among the world's poorest countries, the country has made significant progress. But economic experts recommend that economic assistance from the international community is still needed. The Rwandan government has overtly committed itself to promoting private investment as an engine of development.

The article reports that Rwandan Finance and Economic Planning Minister Manasseh Paul Nshuti presented the budgetary proposals for the fiscal year 2006 which were welcomed by Members of the Chamber of Deputies. Nshuti announced salary increments for most sections of civil servants, police personnel, diplomats, politicians and judicial employees. The 2006 budgetary estimates for local governments have been divided according to the new administrative demarcations.

Reports on the damage on the Kagera National Park in Rwanda caused by wild fires. Comments of Fidel Ruzinganekwe, executive director of the Rwanda Wildlife Agency, on the cause of the wild fires; Efforts of the agency to control the fire; Impact of the fires on the country's tourism industry.

The article reports that the maize harvest is expected to be at least 700,000 tonnes in Rwanda by the end of the 2011 to 2012 season, as announced by the Ministry of Commerce Internal Trade director Dativa Mukaniyonzima.

The article reports on the government spending plan approved by the Parliament in Rwanda on December 22, 2008 to align its budget with the East African Community (EAC) institutions. It states that the spending plan which is presented by Finance and Economic Planning Minister James Musoni covers January to June 2009 period which amounted to $705 million. The budget will focus on the priority areas selected from the Economic Development and Poverty Reduction Strategy (EDPRS).

The article reports that Nigeria's Access Bank has acquired a 75 percent share in Rwanda's Bancor Bank for $13.5 million as part of an accelerated expansion across sub-Saharan Africa. Deputy Managing Director Herbert Wigwe claims that Access Bank had allocated $175 million for its expansion plans across Africa.

The article reports on the acquisition of Rwandair Express of a Boeing 737-300. Rwandair Express is said to acquire a Boeing 737-300 for the replacement of the Boeing 737-200, grounded at Kigali International airport due to mechanical problems. The plane is said to be stopped from flying to Johannesburg because of its failure to meet the requisite mechanical standards. Currently Rwandair passengers are said to be booked on South African airways and Kenya Airways. Furthermore, the airline has since suspended the code sharing arrangement with Kenya Airways on the Kigali-Nairobi-Kigali routes.

The article reports on the concession of the Kigali Intercontinental and Kivu Sun hotels with the Serena Group of hotels. According to Mannaseh Twahira, executive secretary of Privitisation Secretariat, the concession for both hotels will be for 30 years which will include improving their standards. Part of the agreement is Serena Group's undertaking of extension rooms and total refurbishment of the properties to a world class standard.

The article reports that the Japanese government has cancelled all debts owed by the Rwandan government. The cancellation of the debt will help Rwanda to facilitate its various economic activities. The assistance given by Japan to Rwanda will reinforce national efforts towards building a self-sustaining economy. The program in the country will be focused on rural infrastructure development and any other communal based rural development.

The article reports that the East African newspaper of Nairobi discloses that the economy of Rwanda is driven by better coffee prices and a boom in the construction industry. Finance and Economic Planning Minister Manasseh Paul Nshuti said that the biggest challenge is to maintain macroeconomic stability without incurring more debts and that poor saving habits among Rwandans were restraining banks from extending credit and pushing interest rates up.

Reports that the World Bank has provided a total of 65 million dollars to boost poverty reduction activities in Rwanda.

Reports that the International Monetary Fund has completed reviews of Rwanda's economic performance under the Poverty Reduction and Growth Facility arrangement. Eligibility of Rwanda to receive additional disbursements; Expected growth in gross domestic product; Monitoring of spending; Focus of monetary and fiscal policy on limiting inflation and revenue mobilization.

Reports on developments concerning cooperation and trade in Africa, as of January 2004. European Union's decision to end consultations opened in June 2003 with the Central African Republic and partially restore cooperation with the country; Italy's cancellation of Cote d'Ivoire's commercial debt; Nigerian government's declaration of a ban on the importation of about 41 products; Move by the Rwandan government to give importers of leaded petrol two months to clear their storage facilities.