BANK OF KIGALI SECURE FUNDS TO BOOST SMEs IN RWANDA

Posted on March 26, 2019March 26, 2019 by Gambeta News

Bank of Kigali secure Rwf30bn from the European Investment Bank to boost SMEs. Rwanda Bank of Kigali has secure Rwf30bn from the European Investment Bank. This funds is to support Small and Medium Enterprises (SMEs) and further promote the nation SMEs for locals. The deal was signed during the ongoing Africa CEO Forum which is expected to tackle access to finance challenges among local SMEs. This will be for energy, manufacturing and trade, agriculture, transport and tourism sectors. Chief Executive Officer…

IMPORTANCE OF RWANDA DNA DATABASES FOR ALL CITIZENS

Posted on March 20, 2019 by Gambeta News

Rwanda Government is considering creating a database for deoxyribonucleic acid (DNA) and biometric data for all Rwandans Rwanda is making plan to introduce DNA Database to its citizens. This is after Minister for Justice and Attorney General, Johnston Busingye disclosed the information during the ‘Justice Week’ in kigali. The aim of the database will be to facilitate pinning criminals, especially in rape, defilement and murder cases. Meanwhile, the deoxyribonucleic acid (DNA) will also have biometric data for all Rwandans….

RWANDA LAUNCHES FIRST EVER SATELLITE

Posted on March 3, 2019March 5, 2019 by Gambeta News

Rwanda and telecommunication giant One Web have launched the first ever satellite in the country The global Satellite named ‘Icyerekezo’ by students from Groupe Secondaire St Pierre Nkombo; – the school which will be the first to benefit from Internet provided by the Rwanda satellite. The Rwanda satellite will connect remote schools to the internet. A symbol of Rwanda’s commitment to inspire the younger generation and usher Rwanda into a hyper-connected future. In a blog…

RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

Posted on February 6, 2019February 8, 2019 by Gambeta News

Rwanda signs deal to extract methane gas from Lake Kivu The Rwanda government have signed a US$400 million deal with Gasmeth Energy Ltd to extract, process, compress and also bottle methane gas from Lake Kivu. The signing of the seven years deal took place on Friday 1st February 2019 but was announced yesterday (5 February 2019). At the signing ceremony, representing Rwandan government was; the Rwanda Mines, Petroleum and Gas Board (RMB) and the Rwanda Development…

RWANDA CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

Posted on November 22, 2018 by Gambeta News

African Partnership to boost African economy

Rwanda calls for African partnership to help boost African economy. Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served as the 22nd Meeting of the Intergovernmental Committee of Experts of the Sub-regional Office for Eastern Africa; (ICE 2018). Industrialization is the key to Africa’s economic development. It…

RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

Posted on November 5, 2018 by Gambeta News

Rwanda and Alibaba sign eWTP agreement to boost its economy

Rwanda and Alibaba sign an electronic world trade platform (eWTP) agreement to help boost economy. The Rwandan government and Alibaba Group, a leading international online commerce company; have signed three (3) Memoranda of Understanding (MoU) to help boost the country’s economy. Under the agreement, Alibaba have also established an electronic world trade platform (eWTP) hub in the small East African nation. This have also made Rwanda the first country in Africa to establish an eWTP…

RWANDA GOVERNMENT STEP UP CENTRES FOR UNESCO RECOMMENDATION

Posted on September 19, 2018 by Gambeta News

Rwanda government making plans to train experts that will prepare documentation for Heritage sites. Rwandan government is stepping up plans for to register its centers on UNESCO World Heritage sites. This plans will involve training local experts which will prepare a documentation. Meanwhile, The documentation will be on four Genocide memorial sites as the country intensifies efforts to make the list. The country will hire experts from 16 countries with different skills. This experts will also train Rwandan experts for three…

CONSORTIUM TO SPEND US$200M ON HOUSING UNIT IN RWANDA

Posted on September 12, 2018September 13, 2018 by Gambeta News

Consortium set to spend US$200m on 10,000 affordable housing units in Rwanda. A consortium group is set to spend up to US$200m on housing project in Rwanda. The housing project will have over 10,000 affordable housing units. It will also contribute to the shortage of homes in Kigali. The consortium is form from local and international players in the housing sector. Meanwhile, the project will benefit nearly 50,000 people in terms of employment and business opportunities. Bo…

RWANDA DEVELOPMENT BANK UNVEIL NEW HOUSING PROJECT

Posted on August 29, 2018August 29, 2018 by Gambeta News

BRD unveil plans for the new housing project in kigali. Rwanda development bank (BRD) has unveil a new housing project as part of its plans to help the nation. It will also help solve the shortage of affordable housing in the country. The project is part of a 2016 partnership agreement between the lender and a Moroccan real estate developer. The project promise to develop 1,750 housing units in the first phase. It will also a shift from…

NEW ROAD CONSTRUCTION SET TO BOOST TRADE IN RWANDA

Posted on August 28, 2018 by Gambeta News

Construction of new road set to boost economy trade in Rwanda The construction of the new Road is an exciting news to residents. It will also be the first tarmac road which will begin before the end of the year according to the Head of State. Minister for Infrastructure, Claver Gatete said “We have reserved funds for it even if we will know the exact cost of the project at its completion. He also said we have enough funds…

UNI STUDENTS USE CONCRETE TO PRODUCE WOOD-LIKE FURNITURE IN RWANDA

Posted on July 23, 2018 by Gambeta News

University students make groundbreaking innovation that see concrete been used to produce wood-like furniture. Three university students has use cement to produce wood-like garden tables and chairs. It is aim to help reduce the number of trees that are obtain to make furniture. The students, Aime Jules Simbi, Tharcisse Ndahimana and Eric Nshimiyimana are from Integrated Polytechnic Regional Centre (IPRC). The project is aim to also help contribute to Rwanda’s efforts to protect the environment. Meanwhile Rwanda is seeking to…

NATIONAL ARCHIVES CENTRE CONSTRUCTION BEGINS IN RWANDA

Posted on July 11, 2018 by Gambeta News

Construction of National archives centre in Rwanda kick-off which will be the central point of reference for the country’s records. Construction of a National archive centre in Rwanda has kick-off. The Centre which is will be build in Kacyiru below Rwanda Broadcasting Agency. It will also be the central point of reference for the country’s records. Project Manager from Fair Construction Ltd, Boothalingam Subramanian said “Everything is going right and we hope end right to time. He also said this central…

CONSTRUCTION OF NGOMA STADIUM SET TO KICK-OFF IN RWANDA

Posted on July 2, 2018 by Gambeta News

Ngoma stadium construction set to kick-off this week after plans was agreed. Finalization are set to kick-off next week for the construction of Ngoma stadium in Rwanda. The project which comes as a joy to the community will be worth $9 million (around Rwf8 billion). It will also have a capacity to host at least 15,000 people. The stadium construction is a dream come true for youths living in the environment. It will also help them…

MITRELLI GROUP SET TO CONSTRUCT 10,000 HOUSING UNIT IN RWANDA

Posted on June 20, 2018 by Gambeta News

Rwanda set to have over 10,000 housing unit to be constructed by Mitrelli Group. Israeli firm Mitrelli Group is set to construct over 10,000 housing unit in Rwanda. The Mou was sign by Rwanda Development Board (RDB) and Mitrelli Group. Meanwhile, the deal will also engage both RDB and Mitrelli group to help grow the housing sector in the nation. Founder and President of Mitrelli Group Haim Taib said “This project is a very nice challenge for us. He also…

AIRPORT CONSTRUCTION TO MEET DEADLINE IN RWANDA

Posted on June 1, 2018 by Gambeta News

Rwanda’s Airport set to meet deadline after plans was agreed by parties involved in the project. The construction of the Bugesera International airport is on track to meet its deadline in Rwanda. Its developer is optimistic that they will meet the first phase of the project come 2020. In september, the government conclude plans for the negotiation of the project. During the negotiation, Mota-Engil Africa got 75% while Aviation Travel and Logistics Holding (ATL) will share the…

RWANDA LOWERS POWER TARIFF AS INCENTIVE FOR INVESTORS.

Posted on May 28, 2018 by Gambeta News

Rwanda new tariff will favor industries and large consumers of electricity. The Government of Rwanda will announce the new price of electricity for industries and other large consumers of electricity soon. Despite the ongoing development in the power sector, the Government wants to cub the issues of load shedding. This plan is to serve as incentives to investors in the country and pave way for more investors. Large consumers of power in the country have…

FIRST FINANCIAL TECHNOLOGY (Fintech) HUB IN RWANDA.

Posted on May 21, 2018May 21, 2018 by Gambeta News

Rwanda will soon be home to a hub for financial technology (Fintech), boosting start-ups in the sector. The Chief Executive Officer of Finance Innovation Joelle Durieux revealed that the French based financial services in partnership with the Government of Rwanda is to set up a Financial technology (Fintech) hub. The project aims at creating new businesses and identifying better ways for the financial sector. KLab is also one of the two mutual partners in this…

US$66.6M ROAD PROJECT PLANS KICK-OFF IN RWANDA

Posted on May 18, 2018 by Gambeta News

Construction plans kick-off for US$66.6m Rwanda road project. Rwanda Government has sign a contract with Export Import Bank for the road project. The 63 km road project will run through Rulindo and Burera districts. It will furthermore increase economic activity and make tourism in the area easy. The road will connect the tourist hub of Burera, and Ruhondo lakes, the University of Global Health Equity (UGHE). It will also connect a Cancer Reference Hospital in Butaro, all through…

DOMESTIC DEMAND INCREASES GAS IMPORTS IN RWANDA

Posted on March 7, 2018March 7, 2018 by Gambeta News

Increased adoption of cooking gas in Rwanda have caused a rise in gas imports. Statistics in Rwanda have shown more Rwandans are discarding charcoal and choosing gas as the new energy source for cooking. This demand have cause a fourteen times increase in the importation of Liquefied Petroleum Gas (LPG). This is according to Rwanda Utilities Regulatory Authority (RURA). In 2010 records show that Rwanda imported about 700,000 kilograms of LPG and the imports is still increasing…

Rwf1.2 BILLION TAXI PARK TO BE CONSTRUCTED IN RWANDA

Posted on March 2, 2018 by Gambeta News

Constructing of taxi park to cost Rwf1.2 billion after series of complain from businessmen and owner of the area to fast-track its construction in rwanda. The construction of the taxi park will take place in Rwanda. The construction of the first phase will contain the lockup, waiting area, washing bay, toilet and the park. These phase will be complete in april of this year. Director of one stop centre, Theogene Gahunzire said ”the construction activities will be…

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