Qatar Airways gets majority stake in Rwanda international airport
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 […]
Rwanda eyes over $96 million from tea exports in 2019-2020
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 […]
Rwanda: Volkswagen electric cars hits Kigali streets
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 […]
Libya: Rwanda agrees to host 500 African migrants
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 […]
Rwanda: First Jewish synagogue in Africa with permanent Rabbi becomes effective
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 […]
S&P upgrades Rwanda’s rating to B+ on strong economic prospects
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 to launch a 2000-unit social housing project
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 $131 million, is developed by Rugarama Park Estate and Remote Group. It will have public parks, community buildings, shops and a market place. […]
Morocco Rwanda to cooperate in nuclear safety
Morocco and Rwanda signed a memorandum of understanding to cooperate in fields relating to nuclear and radiological safety. The agreement was signed in Kigali last week between Morocco’s Agency for Nuclear and Radiological Safety and the Rwanda Utilities Regulatory Authority (RURA). Under the agreement the two parties shall exchange information and experiences in terms of […]
Rwanda secures US$ 20 million from BADEA to increase electricity supply
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 […]
Genocide: France drops charges against Rwandan officials
French investigative magistrates have dropped charges against nine Rwandan officials investigated over the death of the country’s president in 1998. French judges have dropped the long-running investigation into the shooting down of a plane carrying the former Rwandan President Juvenal Habyarimana. A judge accused Tutsi rebels, led by the current president, Paul Kagame, of the […]
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