Rwanda has officially opened its embassy in Rabat this Wednesday January 15, in the presence of Rwandan Secretary of State for Foreign Affairs Olivier Nduhungirehe and Moroccan Foreign Minister Nasser Bourita. The opening of the embassy is the normal outcome of months of blooming diplomatic relationships between the two nations. The two countries have also […]
Qatar Airways has agreed to take a 60% stake in a new $1.3 billion international airport in Rwanda, the state-run Rwanda Development Board said. Rwanda and Qatar Airways on Monday signed three agreements that saw the two parties set up a joint venture to build, own, and operate the new airport in Bugesera District. The […]
The government of Rwanda is expecting to earn 93 billion Rwandan francs ($96.5 million) from the export of 34,000 tons of tea in 2019-2020. Rwanda earned $90.5 million from tea exports in 2018, a 7.4 percent increase from 2017. Over the same period, coffee accounted for $68.7 million worth of exports, up 7.2 percent from […]
Volkswagen has started importing electric powered Golf models into Rwanda for a local ride-hailing service, local media reported. VW already assembles cars in the East African nation and intended to test infrastructure and performance in the region’s climate. According to VW’s Africa boss Thomas Schaefer, the plan for Africa is that ultimately, “we replace the […]
Rwanda has agreed on Tuesday to take in 500 refugees and asylum seekers trapped in Libya under an agreement signed with the United Nations Refugee Agency and the African Union. According to the “life-saving” agreement, Rwanda would accept an initial group of 500 people who agree to leave from Libya. The first group, including children […]
A Jewish Rabbi has launched in Rwanda’s capital Kigali, the first East-Africa-based Jewish public worship place. The synagogue will be manned by Rabbi Chaim Bar Sella from the Chabad Jewish movement, according to Times of Israeli and the movement’s website Chabad.org. Chaim arrived in the central African country last week with his wife Dina, and […]
Standard and Poor’s (S&P) Global Ratings has raised its long-term sovereign credit rating on Rwanda to ‘B+’ from ‘B’. The outlook is stable. At the same time, it affirmed its short-term sovereign credit rating at ‘B’. We also revised the transfer and convertibility (T&C) assessment to ‘B+’ from ‘B’, the rating agency said in a […]
Rwanda plans to build at least 2,000 affordable housing units, under a joint venture between Shelter Afrique, a pan-African housing finance institution, and the Development Bank of Rwanda (BRD). The project, worth $131 million, is developed by Rugarama Park Estate and Remote Group. It will have public parks, community buildings, shops and a market place. […]
Morocco and Rwanda signed a memorandum of understanding to cooperate in fields relating to nuclear and radiological safety. The agreement was signed in Kigali last week between Morocco’s Agency for Nuclear and Radiological Safety and the Rwanda Utilities Regulatory Authority (RURA). Under the agreement the two parties shall exchange information and experiences in terms of […]
The government of Rwanda has signed a concessional loan agreement with The Arab Bank for Economic Development in Africa (BADEA) to finance rural electrification project in Nyamagabe and Nyaruguru Districts in the East African nation. The US$ 20 million loan will be dedicated for the supply and construction of distribution networks and meters and service […]
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