Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Reached Staff-level Agreement on the Reviews of the Rwanda’s Policy Coordination Instrument and Arrangement under Resilience and Sustainability Facility, and the Stand-by Credit Facility Arrangement

Strong fiscal consolidation, proactive and data-driven monetary policy, and continued exchange rate adjustment are necessary to rebuild buffers, contain inflation, and safeguard debt sustainability

IMF staff and the Rwandan authorities reached staff-level agreement on policies needed to complete the third reviews of Rwanda’s Policy Coordination Instrument and program under the Resilience and Sustainability Facility, and the first review of the Stand-by Credit Facility arrangement; The economy continued its robust growth in 2023, while inflation decelerated…

Afreximbank
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    • Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda (centre) cuts the ribbon to officially inaugurate the offices of the Fund For Export Development in Africa (FEDA) in Kigali, Rwanda. He was accompanied by President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah (left), Chief Executive Officer of FEDA, Marlene Ngoyi (left), the Executive Vice Presidents of Afreximbank and members of the Board of Directors of FEDA
    • Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda (left) and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah applaud after the Premier officially inaugurated the Fund For Export Development in Africa (FEDA) offices in Kigali, Rwanda. They were accompanied by Chief Executive Officer of FEDA, Marlene Ngoyi (left), the Executive Vice Presidents of Afreximbank and members of the Board of Directors of FEDA at the event
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Source: Afreximbank |

Afreximbank’s Fund for Export Development in Africa inaugurates Kigali office with eye on addressing Africa’s $110 billion equity financing shortfall

The inauguration, which took place at the Radisson Blu Hotel and Kigali Convention Centre, was witnessed by over 150 guests drawn from the Rwandan government, the business and diplomatic community

The African Export – Import Bank (Afreximbank) (www.Afreximbank.com) has officially unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap for intra-African trade, value-added export development, and industrialisation value chains, with Rwanda being the first among fifteen African…

Network International
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    • I&M Bank (Rwanda) Plc. and Network International to collaborate on accelerating digital payment transformation in Rwanda
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Source: Network International |

I&M Bank (Rwanda) Plc. and Network International to collaborate on accelerating digital payment transformation in Rwanda

Through this partnership, Network will offer a variety of payment products and services including credit and prepaid card hosting and processing

I&M Bank (Rwanda) Plc., the oldest bank in Rwanda and licensed by the Central Bank of Rwanda, and Network International (Network) (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA), have signed a strategic partnership to provide advanced digital payment solutions in support of the…

African Development Bank Group (AfDB)
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    • The African Pharmaceutical Technology Foundation receives financial support from the African Development Fund to set up its activities
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Source: African Development Bank Group (AfDB) |

Rwanda: The African Development Fund commits $12 million to the rapid operationalization of the African Pharmaceutical Technology Foundation (APTF)

This foundation will act as a transparent intermediary that promote and negotiate with pharmaceutical multinationals and other countries in the South on sharing technology

The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a…

Source: The World Bank Group |

Increase in Domestic Savings Can Unlock Rwanda’s Private Sector Potential

Data shows that Rwanda’s private investment growth has not kept pace with public investment as it grew modestly from 12.7% of GDP in 2007 to 15.8% in 2022

Maintaining Rwanda’s development trajectory and achieving the goals outlined in its Vision 2050 will require increased efforts to shift the drivers of economic growth towards a private investment-led model, given the country’s depleting fiscal space. This is according to the 22nd edition of the Rwanda Economic Update (REU): Mobilizing Domestic Savings to…

Source: The World Bank Group |

Rwanda’s Economic Performance Strengthened in 2023 Despite Continued Challenges

Despite widening external deficits and the depreciation of the Rwandan franc, fiscal responsibility was maintained, with prudent fiscal management strategies in place

Rwanda’s economy grew at 7.6% in the first three quarters of 2023 despite a challenging global environment and the recent floods that destroyed agricultural produce and infrastructure in April-May 2023. This is according to the 22nd edition of the Rwanda Economic Update (REU): Mobilizing Domestic Savings to Boost the Private Sector in…

Source: UNFPA - East and Southern Africa |

A transformative journey to reach zero preventable maternal deaths in Rwanda

In recent years, the decline has been slower, with the MMR standing at 203 per 100,000 live births in 2020 – a decline of only 7 data points over 5 years

Rwanda has undergone a remarkable journey in tackling its high maternal mortality rate over the past decade. From an alarming 1071 maternal deaths per 100,000 live births in 2010, the country has accelerated its rate of reduction in the MMR, reaching 210 deaths per 100,000 live births in 2015. In…

Source: Ministry of Information, Eritrea |

Eritrean Cycling team crowned Champion of Tour du Rwanda

The team secured first place with a cumulative time of 52 hours, 32 minutes, and 32 seconds

The Eritrean National Cycling Team clinched victory in the 16th edition of the Tour du Rwanda 2024, outperforming 19 national and club teams from Africa and Europe. The team secured first place with a cumulative time of 52 hours, 32 minutes, and 32 seconds. On the final day of the…

Source: Ministry of Foreign Affairs and Tourism - Foreign Affairs Department, Republic of Seychelles |

Seychelles: Courtesy call by H.E Ms. Fatou Harerimana

Minister Radegonde conveyed the Seychelles Government’s gratitude for the invaluable support and solidarity extended by Rwanda following the disaster on the 7th December 2023

The High Commissioner-designate of the Republic of Rwanda to the Republic of Seychelles, Ms. Fatou Harerimana, paid a courtesy call on the Minister for Foreign Affairs and Tourism, Mr. Sylvestre Radegonde, on Monday 19th February 2024 at Maison Quéau de Quinssy. Minister Radegonde conveyed the Seychelles Government’s gratitude for the invaluable…

Source: Ministry of Information, Eritrea |

Tour du Rwanda 2024: Eritrean Cyclists excel in Second Stage

This 141-kilometer leg is anticipated to be a test of endurance and strategy, featuring demanding climbs and intense competition

Eritrean cyclists showcased their dominance at the Tour du Rwanda 2024, securing three prestigious jerseys during the exhilarating sprint finish of the second stage. Merhawi Kudus maintained his position as the leading African rider, while Akililu Arefaine was once again crowned the top young African rider. The competition was particularly…