Posted on : Monday , 15th October 2018
The construction of the 1,403-kilometre pipeline to transport crude oil from Hoima in Uganda to Tanga Port in Tanzania is expected to be completed by June 2020. Tanzania’s President John Pombe Magufuli wants investors, the governments of Uganda and Tanzania to expedite the construction of the East African Crude Oil Pipeline (EACOP). The President said that the pipeline should be constructed in the shortest time possible instead of waiting until 2020 to realize first oil..... Read more »
Posted on : Friday , 12th October 2018
The leading provider of consumer goods in Africa, Unilever Kenya and Azuri Technologies, a leading provider of pay-as-you-go solar home systems, announced a partnership to bring solar home solutions to millions of more off-grid homes across Kenya.
Unilever’s distribution network, which in Kenya is some 67,000 smallholder traders will be offering the Azuri’s Quad solar home system which will be cobranded with the Unilever Sunlight brand. Azuri’s existing par.... Read more »
Posted on : Friday , 12th October 2018
The International Rice Research Institute (IRRI) has opened a new regional office in the Kenyan capital Nairobi to help Africa achieve self-sufficiency and productivity in rice production.
Posted on : Thursday , 11th October 2018
Tanzania and Sweden are seeking to put in check the existing trade imbalance between the two countries. The two parties met to discuss the issue as well as look for ways to open new markets for their agricultural produce. Both parties have identified the potential in the sector and deem it ideal for business and more export opportunities to foster their economies.
Posted on : Wednesday , 10th October 2018
Volkswagen is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria.
Posted on : Wednesday , 10th October 2018
Rwanda, an East-African country of 12 million inhabitants, is recognized around the world for its natural beauty and wildlife, its booming industry, and its accompanying rapid transition from a low-income to a middle-income economy.
Numerous construction projects and modernization initiatives in urban and rural areas are driving the need for better lighting products and technologies which are efficient and long lasting.
With rapid industrialization target.... Read more »
Posted on : Tuesday , 9th October 2018
Rwanda is seeking more companies to invest in the timber production and other related industries to boost forestry and timber business locally, official sources in the Ministry of Land and Forestry have indicated.
With export growth of 17.9 percent in the year to August 2018 and import growth of 7.4 percent, the trade balance has continued to improve, Laure Redifer, IMF Rwanda mission chief in Kigali said, adding that the robust growth in 2018 reflects strong industria.... Read more »
Posted on : Tuesday , 9th October 2018
Rwandan Minister of Infrastructure Claver Gatete said on the sidelines of a forum in Kigali, that Rwanda looks forward to increased investment in energy sources in order to achieve universal energy access by 2024.
The Rwandan government on recently announced a US $53 million(41 billion Rwandan francs) line of credit which is aimed at stimulating the development and establishment of a solar home system by 2023.The Minister of State for Infrastructure responsible for Ene.... Read more »
Posted on : Tuesday , 9th October 2018
The Minister of State for Energy, Water and Sanitation Germaine Kamayirese said at a recently concluded forum that that Rwandan Government has adopted digital technologies in the power distribution system as a part of steps taken to efficiently respond to the country’s power demands. Germaine Kamayirese said that the smart grid technology in the energy sector – an electricity supply network that uses digital communication technology to detect and react to local changes i.... Read more »
Posted on : Tuesday , 9th October 2018
The Mining sector is Rwanda's second largest foreign exchange earner just behind tourism and the resilient East African country took in $166-million from exports of the commodities in 2016.
Supported by a rebound in global prices of commodities, Rwanda's mineral exports earnings witnessed a more than double growth to $373-million in 2017 as compared to the previous 12 months, a top official said. Mr. Francis Gatare, Chief Executive at Rwanda Mines, Petroleum and Gas Bo.... Read more »
Posted on : Tuesday , 9th October 2018
The IMF and the World Bank have released the growth estimates for Rwanda to 7.2 percent . The International Monetary Fund(IMF) has retainied the economic growth projection for 2018 at 7.2 percent based on strong industrial policy and favourable climate which helped in boosting agricultural output. Rwanda is one of the fastest growing economies with an average growth rate of 7 percent every year since 2000.
Laure Redifer the head of the IMF team, said that after a.... Read more »
Posted on : Tuesday , 9th October 2018
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