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Rwanda
- M23 rebels reportedly at Kavumu, about 40km north of mineral-rich Bukavu area.
- UN experts claim the M23 rebels – one of over 100 militias seeking control in DRC’s east – is receiving support from about 4,000 soldiers from Rwanda.
- According to Kinshasa, Rwandan soldiers are pillaging valuable resources from the mineral-rich eastern zone of DRC.
As M23 rebels continue pushing deeper into the Democratic Republic of Congo (DRC) after capturing the mineral-rich city of Goma, the city of Bukavu, the capital of South Kivu province, is on the verge of falling under their control.
Media reports show that M23 rebels are threatening to march to DRC capital Kinshasa as they push the government of Felix Tshisekedi on the negotiating table to meet their demands. “We will continue the march of liberation all the way to Kinshasa,” announced rebel leader Corneille Nangaa on Thursday, four days after the group confirmed the …
- Rwanda is fighting accusations of backing M23 rebel attacks in Goma, the most strategic city within the mineral-rich eastern DRC.
- Already, the UN and other humanitarian agencies have pulled out non-essential personnel out of Goma.
- Early this week protestors in Kinshasa attacked US, Rwanda, Kenya, Belgian and French embassies, demanding decisive counter against M23 rebels.
The war in Goma has sucked in Rwanda with authorities in Kigali increasingly fighting an avalanche of accusations that the country’s military is invading the Democratic Republic of Congo (DRC) in concert with the M23 rebels. According to reports from both local and international media, “The Rwandan army is lining up at the [DRC] border, ready to invade,” an anonymous source privy to official on the ground told media.
“Large numbers of troops from Rwanda have been pouring across the border into the Democratic Republic of the Congo to help rebels seize the regional capital …
- 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 poised to launch what it refers to as the ‘COVID-19 recovery fund’ that will serve to finance economic recovery efforts post the virus pandemic.
Among the sectors slated to benefit from the recovery fund is the country’s tourism sector. It only makes sense since, the tourism sector is one of the most affected sectors along with the catering and hospitality sectors as well.
In so doing Rwanda, which actually called for an emergency East Africa Community (EAC) Heads of State meeting to deliberate regional response to the coronavirus pandemic, has again set precedent been the first country in the region to set aside recovery funds for the coronavirus aftermath.
The affected businesses across various economic sectors will be afforded access to low interest and even interest free loans. The loans are expected to help the business get back on their feet serving as operating capital.
Of these, it …
Rwanda—East Africa’s fastest-growing economy has paved the way for Qatar Airways—world’s best airline in 2019, to get 60 per cent stake in the new $1.3 billion international airports in Rwanda.
This is according to a Reuters report which says that the information was revealed by state-run development board on Monday 10 December 2019.
The international news outlet says the development board highlighted that the first phase of construction would provide facilities for 7 million passengers a year in the Bugesera district, about 25 km southeast of the nation’s capital Kigali.
Further, the second phase, which is expected to be completed by 2032, would double capacity to 14 million passengers a year.
Rwanda has been an active economic performer in the region, whereby—the African Development Bank report shows that the real GDP growth in Rwanda reached 6.1 per cent in 2017 and was estimated at 7.2 per cent in 2018 …
The African Development Bank and partners officially launched Affirmative Finance Action for Women in Africa (AFAWA) Risk Sharing Facility earlier this week at a press conference held during the 2019 Global Gender Summit in Kigali, Rwanda.
The bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme started with significant support from commercial banks and a $1 million commitment from the government of Rwanda.
AFAWA is one of the Bank’s gender-focused programmes which seeks to close the financial gap for women by accelerating growth and employment creation across African economies.
“Today is a great day! With this facility, women will be able to receive technical assistance. We shall strengthen our capacity and we shall get there. (https://vulcanpost.com/) The decision that we are taking today is highly transformational. It will permanently transform Africa.” said Akinwumi Adesina, President of the African Development Bank.
The press conference was attended by several …
Rwanda’s debt rose to $5.4 billion last year from $4.8 billion in 2017, World Bank data shows.
Rwanda’s debt level this year is projected to rise to 49.1 per cent as a ratio of GDP, from 40.7 per cent last year.
According to the Ministry of Finance, much of the country’s debt is Long-term, with a repayment period of up to 40 years. Despite this, the biggest test for Rwanda’s debt burden is expected to come in 2023, when the repayment of its $400 million Eurobond will fall due.
The settlement is expected to put pressure on government coffers, even with Kigali having an option to issue another Eurobond to retire the maturing of the loan.
The International Monetary Fund (IMF) has been pressing the government to improve its financial transparency and analyse fiscal risks to avoid surprises in the economy during the repayment period.
“So we want to look …
Rwanda has been ranked as the top destination to travel to in Africa 2020 and among the top 30 globally, a report by Travel Lemming which recognizes trending destinations.
The annual awards were published this week on the Travel Lemming site which promotes emerging destinations around the world giving a solution to over-tourism and encouraging travellers to think beyond the traditional “tourist traps.”
Winners were selected after voting by 30 of the most popular travel bloggers in the industry, who collectively have more than 12 million followers on social media.
Among the factors that were listed by voters on why Rwanda was an ideal destination is the country’s growing connectivity through the national carrier RwandAir, safety and conservation efforts.
Rwanda having been named as the safest country in Africa by the economic forum and RwandAir slated to open direct flights from JFK (New York) to Kigali gave the country …
Plans to construct the first state-of-the-art Kigali Central Sewerage System plant by 2022, could leave investors in Rwanda will a less burden of a requirement to construct individual sewerage systems underneath structures.
Construction of all commercial housing projects in Kigali city have been required to build their own septic tanks or mini waste treatment plants which is costly in construction and daily maintenance with the latter requiring foreign expertise.
“With the new central system we may not require investors to build their own systems, because the current network will be connected to the central system. This option is possible and will be deliberated after the plant is complete,” Parfait Busabizwa, the Kigali city Vice Mayor in charge of economic development said.
Kigali’s first wastewater network and treatment plant is expected to improve city hygiene especially during the rainy days, reduce air pollution as well as make Kigali an even better …
