AU reforms: President Kagame meets experts in Kigali

President Paul Kagame on Monday held a meeting with the African Union reforms team in Kigali. The meeting comes ahead of the African Union Summit scheduled for July in Mauritania. The Head of State – who is also the Chairperson of the African Union – is together with his team expected...

Monday, June 25, 2018, 1:02 PM

Northern Corridor initiative resumes meetings

Foreign Affairs Ministers of the Northern Corridor Integration Project (NCIP) initiative are convening in Nairobi, Kenya today.  The ministerial meeting will make way for a Heads of State Summit slated for tomorrow.  The body has not held summit level sittings since April...

Monday, June 25, 2018, 12:52 PM

Fight against malnutrition to cost Rwf23 billion annually: World Bank

The World Bank estimates that Rwanda requires at least $27.3m (approximately Rwf23billion) annually for the next 10 years to eradicate malnutrition in the country. In the organisation’s latest report on the country’s economic update, they estimated that the investment ought to go...

Monday, June 25, 2018, 1:22 AM

Chinese President Xi Jinping to visit Rwanda next month

Chinese President Xi Jinping is scheduled to visit the country next month for a 2-day state visit. According to the Minister of State for Foreign Affairs Olivier Nduhungirehe, the highly anticipated visit will see the two countries further strengthen their relations. Xi Jinping will be the first...

Saturday, June 23, 2018, 12:16 AM

Chinese President, Indian PM Modi to visit Rwanda

Chinese President Xi Jinping is expected to visit the country on a two-day visit from July 22 to 23rd, the State Minister for Foreign Affairs Olivier Nduhungirehe has confirmed. Nduhungirehe who was addressing members of the press on Friday said that the state visit by the Chinese...

Friday, June 22, 2018, 1:57 PM

Transformation ought to focus on citizens – Kagame

President Paul Kagame has said that national and continental transformation ought to focus primarily on investing in citizens. President Kagame was speaking at the second African Transformation Forum, in Accra, Ghana alongside Ghana’s President Nana Akufo-Addo, Côte d'Ivoire's...

Friday, June 22, 2018, 12:50 AM

Are Rwanda’s tax incentives good for the economy?

Rwanda’s tax incentives are probably too generous and risk being unsustainable in the long run, finance experts from the International Monetary Fund (IMF) said yesterday. According to the IMF, the tax-based incentives are important to attract investors, however, in the long run, such...

Friday, June 22, 2018, 12:41 AM

World Bank revises Rwanda’s economic growth projection to 7 per cent

The World Bank Group projects that the economy will grow by 7 per cent riding on exports, agriculture sector and narrowing trade imbalance. The group has previously projected economic growth in 2018 would be at 6.2 per cent. The projections were announced during the latest World Bank Economic...

Thursday, June 21, 2018, 4:50 PM

Tax incentives to boost industry in EAC

EAC countries have turned to tax incentives in a bid to boost industralisation. Finance ministers from Kenya Uganda, Rwanda and Tanzania all presented their budgets on Thursday last week. The four countries also had one common theme; ‘Industrialisation for Job Creation and Shared Prosperity...

Wednesday, June 20, 2018, 8:37 PM

Perception Survey: What do investors think of Rwanda?

An investor perception survey released Monday shows that Rwanda is a preferred destination due to the political stability and security. The investors also pointed out the country’s present market opportunity and economic trajectory as incentives that influenced their decisions to set up in...

Wednesday, June 20, 2018, 12:47 AM

Budget 2018/19: Govt moves to reduce revenue leakage

Firms will now pay more taxes following a new regime that caps tax deductibles at 2 per cent of the turnover. The new tax regime is part of the measures geared towards closing loopholes and enabling the government to raise more domestic revenue. The deductions on taxable income include management...

Monday, June 18, 2018, 9:45 PM

How RRA will fund 2018/2019 budget

A common characteristic of recent Rwanda annual budgets is the attempt by the Economic Planning Department at the Ministry of Finance walk a thin line between increasing domestic tax receipts without increasing tax rates for residents. The 2018/2019 budget read last week on Thursday was no...

Monday, June 18, 2018, 2:40 AM

Winners and losers in the 2018/2019 budget

Every annual budget presents winners and losers. The recently released 2.4 trillion budget for the 2018/2019 fiscal year was no different. Winners, are players in the sectors that have tax deductions or scrapped off, while losers are players in sectors that will be required to pay more taxes. Tax...

Friday, June 15, 2018, 12:33 AM

RDB to shut down discriminatory businesses

The Rwanda Development Board has issued a stern warning to tourism operators and service sector players that they risk being shut down if found to be discriminatory. The warning specifically targets entities including restaurants, nightclubs, tour operators, guides and hotels. Closure of a...

Thursday, June 14, 2018, 10:52 AM

Nakumatt Rwanda convenes creditors’ meeting

Does Nakumatt Rwanda owe you? If so Nakumatt Rwanda Ltd is inviting all creditors to meeting today to ascertain the extent of debt and approaches to  payback. The local retail store with four outlets in Kigali was put under provisional administration in April this year after it emerged that...

Wednesday, June 13, 2018, 11:50 PM

RwandAir, NAS sign deal to establish new airport lounges

The national carrier, RwandAir on Tuesday signed an agreement with National Aviation Services (NAS), a fast-growing aviation services provider in emerging markets. NAS is a Kuwait, ground handling company which has presence in over 30 airports in emerging markets across the Middle East, Africa and...

Tuesday, June 12, 2018, 5:10 PM

AGOA: Government to pay taxes for affected Rwandans

To ensure Rwandan exporters are not significantly affected by the anticipated suspension of duty-free access to the US market under the AGOA framework, government has decided to take over the resultant tax obligations. This follows the move by the American government on March 31st announcing their...

Monday, June 11, 2018, 2:40 AM

Tourism can sustain its own marketing, says Akamanzi

Much has been said in the past two weeks following the announcement of Rwanda’s three-year deal with Arsenal FC. Whereas many touted this as a masterstroke on the part of Rwanda, especially in the country’s continued quest to promote tourism, a few criticised the deal, saying that...

Monday, June 11, 2018, 2:29 AM

Translate political will into action, Kagame says on climate change

President Paul Kagame has called for rapid action globally to address climate change and prevent impending negative consequences. The President was speaking on climate change and the importance of ending plastic pollution in Charlevoix, Quebec, Canada at the G7 summit which closed yesterday....

Sunday, June 10, 2018, 1:28 AM

Kagame in Canada for G7 Summit

President Paul Kagame,who is also the Chairperson of the African Union, is in Quebec, Canada for a two-day G7 Summit. This was confirmed by the Office of the President through a media advisory. G7, also known as the Group of Seven, is made up of seven countries – which are among the largest...

Friday, June 8, 2018, 12:57 PM