Tuesday, August 20, 2013
Tuesday, May 7, 2013
Rwanda is expecting to float two state-owned companies, the Commercial Bank of Rwanda (BCR) and national carrier, RwandAir (WB), on the country's fledgling stock market soon, the head of Rwanda's Capital Market Authority (CMA), Robert Mathu has said.
Sunday, April 14, 2013
[UPDATE 14 APRIL] After the horrific aftermath of the genocide of 1994, Rwanda's economy has risen from the ashes to become one of Africa's most dynamic and fastest growing, registering at least 8 percent GDP growth in the past 5 years, with 6.9% growth projected for 2013. As part of its Vision 2020, amongst whose aims is to transform the country from a subsistence-farming based economy into a middle-income (>USD900/month) services hub, the Rwandan Government has moved to develop a vibrant private sector by investing in Roads, Rail and water transport infrastructure with the ultimate aim of dramatically reducing the cost of transport to businesses and individuals. Of the several large infrastructure projects proposed, the most economically far reaching is a new airport, Bugesera International Airport, to be built outside of the capital, Kigali.
Tuesday, March 26, 2013
■ RWANDA: Government finalizing plans for $350mln bond issuance of which RwandAir will be major benefactor.
The Rwandan Government is finalizing plans for the issuance of a sovereign bond aimed at raising "about USD350million (RWF222billion)", part of which will be used to prop up national carrier Rwandair (WB) in whom government has a 99% shareholding.
Tuesday, March 19, 2013
At a ceremony held in Kigali this week, Rwanda and Sudan signed a five year bilateral cooperation agreement which included a Bilateral Air Service Agreement aimed at expanding air services between Kigali and Khartoum. Rwandan Minister of Foreign Affairs and Cooperation, Louise Mushikiwabo signed on behalf of Rwanda with Sudan's Minister of Foreign Affairs, Ali Almed Karti signing on behalf of the Republic of Sudan.
Wednesday, February 20, 2013
Rwanda and The Netherlands, on Wednesday 6 February, signed a Bilateral Air Services Agreement following a visit to Kigali by Dutch Minister for Foreign Trade & Development Cooperation, Lilianne Ploumen. In typically wooden diplomatic language, no explicit details about the contents of the BASA were revealed. The agreement, signed on behalf of Rwanda by Minister of Infrastructure, Albert Nsengiyumva, now accommodates "both countries’ current requirements and wishes" and formalizes the air connection between the two countries.