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Rwanda’s President, Paul Kagame has appointed Ms. Soraya Munyana Hakuziyaremye as the first female Governor of the National Bank of Rwanda, which is a promotion from her initial role of Deputy Governor since March, 2021. Prior to that, she served as Rwanda’s Minister of Trade and Industry from October 2018 to March 2021; where she oversaw the implementation of the “Made in Rwanda” policy, contributing to the 9% average annual growth of the industry sector and increase in exports. During her time as Minister of Trade, she also served as Chair of the East African Community Sectoral Council on Investment…
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Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB) as the new Chief Executive Officer. RDB is a government institution, under the supervision of the Office of the President, mandated to accelerate Rwanda’s economic development by enabling private sector growth. Before his appointment as new CEO of RDB, Jean-Guy worked as the Director of the Regional Integration Coordination Office at the African Development Bank Group, with a special advisory role to the senior management on regional integration and resource…
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The President and Chief Executive of the Pan-African conglomerate, Dangote Group, Aliko Dangote (www.Dangote.com), has called on African business leaders to take the lead in transforming the continent. Speaking at the just concluded African Renaissance Retreat held in Kigali, Rwanda, Dangote pointed out that despite significant challenges besetting Africa, its youthful population and abundant resources, including about 30% of the world’s mineral reserves and the largest reserves of gold, cobalt, uranium, platinum, and diamonds, offer opportunities for substantial and inclusive growth. “Additionally, we have 65% of the world’s arable land and 10% of the planet’s internal renewable freshwater sources. Together…
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The African Development Bank Group has commended Rwanda for making significant progress in the growth of its road network, education needs and energy access which has proved to have last mile impact on its citizens over the last five years. Rwanda is a beneficiary of the African Development Fund – the Bank Group’s concessional funding window – secured in November 2021, and is focused on two priority areas. The first priority area is strengthening physical infrastructure to increase productive resources and reduce the cost of doing business, and the second is developing skills and financial capacity to boost the private…
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This April, Rwandans in Rwanda and the world over commemorate 30 years (Kwibuka30) after the ghastly genocide in which more than 1,000,000 Tutsi, were killed. But like the Rwandan President Paul Kagame, remarked at the Kwibuka30, this year’s commemoration is a mix of both “grief and gratitude in equal measure”. “We remember our dead and are also grateful for what Rwanda has become,” Kagame told friends of Rwanda at the ceremony held at the Kigali Genocide Memorial, in Kigali, Rwanda, on Sunday, April 7, 2024. The genocide began on April 7th 1994. The East African nation, under the leadership…
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President Paul Kagame has fired Rwanda Development Board Deputy Chief Executive Officer – Zephanie Niyonkuru, reports local news outlet, The New Times. The fired exec was accused of repeated managerial failures. Rwanda Development Board (RDB) is a Government of Rwanda entity tasked to transform Rwanda into a global hub for business and innovation by fostering an attractive investment environment, enabling regional and global exports, as well as creating jobs. Niyonkuru holds a Master’s degree in Finance (Economic Policy) from the University of London, School of Oriental of African Studies (SOAS). He obtained a diploma in private sector development from the…
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The Ministry of Information Communication Technology and Innovation of Rwanda, in partnership with the World Economic Forum, recently launched the Centre for the Fourth Industrial Revolution (C4IR) in Rwanda. Centres for the Fourth Industrial Revolution shape new policies and strategies in technology governance that enable agile implementation and iteration via a fast-growing network of national and sub-national centres. C4IR Rwanda will have a particular focus on data governance, artificial intelligence (AI) and machine learning. “The launch of this centre is enabled by investments that we, as a country, have been making in science and technology. I hope the centre will…
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Uganda’s export earnings grew by 35% reaching USD1,079.87 million in Q1, 2019, up from USD799.77 million in Q4, 2018. This is the highest ever, quarterly earnings- as per Bank of…
Ugandan exports to Rwanda in the first 3 months of 2019 have reduced by 34.31% amidst a diplomatic row that has seen tempers flare, culminating in border closures by Rwanda….
Is Rwanda just obstinate? Or is there something that the Kigali administration is seeing in this used clothes ban that the rest of the regional lot can’t? What is it…
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