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
The Tanzanian government has selected well known Swedish-Swiss multinational corporation, ABB to supply complete substation equipment and engineering solutions for a 530 km-long high-speed electric line stretching between Dar es Salaam and Makutupora.
Termed as a landmark project, the line is intended to link Tanzania’s port cities with interior areas and neighbouring countries to stimulate regional trade and passenger travel in the region and help strengthen the.... Read more »
Posted on : Thursday , 4th October 2018
Construction work on the 1,545 km road linking the port of Mombasa and Burundi dubbed the Mombasa-Bujumbura highway is now complete and is set to increase trade between the two countries.
Transport Cabinet Secretary James Macharia, confirmed the reports and said the road which is part of the Trans-African Highway, links the port through Holili, Singida-Kobero border and finally to Bujumbura, slashing the distance between Mombasa and Bujumbura through the N.... Read more »
Posted on : Thursday , 4th October 2018
The European Union (EU) and the government of Tanzania on Tuesday have signed a 103.5-million-Euro financing agreement to improve productivity in the agricultural sector.
A joint statement by the EU and the government of Tanzania said will focus on horticulture, coffee and tea to improve agricultural productivity.
Posted on : Wednesday , 3rd October 2018
Kenya’s Ministry of Energy has released an updated power development plan, unveiling the nation’s energy strategy between 2017 and 2037.
Under the strategy, construction of the planned Sh968bn (US$9.6bn) nuclear power plant has been postponed by nine years.
The plant had been initially intended for building in 2027, but is now set for 2036 at the earliest. The first unit is anticipated to be built in 2036, followed by a second unit the follo.... Read more »
Posted on : Wednesday , 3rd October 2018
Balsam International, a heart surgery and cardiology team is preparing to go to Dar es Salaam, Tanzania, in the next few days to treat 176 heart patients after successful trips to treat 225 heart patients in Yemen.
Posted on : Monday , 1st October 2018
Tanzania Trade Development Authority (TTDA) has said that the country has secured a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the commodities.
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