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Rwanda
- Rwanda signs investment pact with US comedian Steve Harvey joining a list of countries in Africa tapping Hollywood stars to promote tourism.
- New deal will establish an academic institution in Kigali.
- Steve Harvey to invest in education, health and film in Rwanda.
Tourism in Rwanda is growing and to help speed up the process, the country has signed a deal with a renowned famous American entertainer, Steve Harvey. The move is part of strategies being deployed by African couintries to uniquely market their tourism offering to the world. Kigali’s move follows similar steps taken by Tanzania, which signed a pact with Hollywood star Idris Elba to launch a film studio in Zanzibar, an archipelago in the East African nation.
In Rwanda, the deal was signed at the end of 2024 between the Rwanda Development Board (RDB) and BILT LLC, an American company owned by Steve Harvey. In a media …
- Rwanda is considering agro-processes to enhance its geothermal resources base.
- Africa’s geothermal investments are projected to reach $35 billion by 2050.
- By 2050, geothermal power capacity in Africa will more than double Europe’s capacity.
Rwanda geothermal energy offers the East African country a way to diversify its sources of electricity and reduce reliance on imported energy. According to official reports, Rwanda is aiming to add 30 megawatts of geothermal power to its electricity grid but it is also considering other uses of the energy resource, owing to the costs related to electricity generation using geothermal resources.
“We are focusing on developing direct heat utilization and continuing exploration for deeper resources to produce electricity in the future,” Eugene Karangwa, Head of Alternative Energies and Geothermal at Rwanda Energy Group (REG), announced recently. He said Rwanda is looking to utilize its geothermal resources directly for heating and drying, and not just electricity …
- Extracts from Lake Kivu are sustainable as it would take centuries to exhaust the gas already accumulated in the lake.
- Darchambeau says that an explosion of Lake Kivu would present a risk to over two million people in both Rwanda and the Democratic Republic of Congo.
- The Rwandan government made a US$400 million concession agreement with Gasmeth Energy to process and compress the methane gas onshore to create compressed natural gas (CNG).
Rwanda has come up with an invention of its kind, The KivuWatt power station. The energy producer lies somewhere between a renewable and non-renewable source of energy. (Phentermine)
For thousands of years, volcanic activity in Lake Kivu has caused a massive accumulation of carbon dioxide and methane to dissolve in the depths of the water. The Engineers of the KivuWatt company have discovered a way to generate electricity from the lake.
There are only three such …
- EIB has committed EUR 95 million to support companies that were most affected by the COVID-19 pandemic in Rwanda
- Bank of Kigali and KCB Bank Rwanda have been picked to manage the funds
The European Investment Bank has announced that it will support companies that were most affected by the COVID-19 pandemic in Rwanda, to a tune of EUR 95 million.
In a statement, the bank said it had picked Bank of Kigali (BK) and KCB Bank Rwanda to manage the funds, as well as provide new credit lines for Rwandan companies.
Commenting on the development, the Minister of Finance and Economic Planning Uzziel Ndagijimana welcomed EIB’s latest private sector engagement in Rwanda and the launch of its EUR 175 million East Africa COVID-19 Response Facility in the country.
Rwanda becomes the first country in East Africa to benefit from the new streamlined financing programme that will provide long term …
A new report has revealed that Rwanda’s tourism revenues from international visitors dropped by an estimated 35 percent in 2020 compared to 2019, with the total of number of visitors dropping by 47.2 percent in 2020.
The report, Economic impact of the COVID-19 pandemic on East African economies by Deloitte indicates that in the months of April and May, Rwanda saw a drop of 100 percent in the number of international tourists following the announcement of the lockdown.
The losses related to Meetings, Conventions and Exhibitions (MICE) tourism were estimated to be around USD 80m for events that would have been hosted between Mar-2020 and Nov-2020.
The report shows that Rwanda benefitted on a global scale as from the third quarter of 2020 after being included on the European Union’s list of ‘epidemiologically safe’ countries for travel.
“The Rwanda Development Board (RDB) continues to promote tourism in 2021. The board …
A plan seeking to revive tourism in East Africa has been approved, following the negative impact of the coronavirus pandemic on the sector.
Dubbed ‘The EAC Regional COVID-19 Tourism Recovery Plan’, the map was approved by the East African Community Sectoral Council led by Kenya’s Cabinet Secretary for Tourism and Wildlife, Najib Balala.
Tourism ministers from the East Africa Community noted that some partner states had already instituted measures such as the formulation of stimulus packages aimed at re-igniting the sector and supporting tourism investments including the Small and Micro Enterprises.
In his opening remarks, Balala underscored the importance of the Partner States working together especially in addressing the impact of the COVID-19 pandemic on the sector and in joint tourism recovery efforts.
“The COVID-19 pandemic has taught all of some really important lessons. For instance, domestic and regional tourism markets are really important and they can help in making …
