Category: Economy

Kigali, Rwanda| October 23, 2024 — BasiGo, a trailblazer in electric machine results insub-Saharan Africa, has successfully raised$ 42 million in backing to accelerate the electrification of public transport across the region. This investment includes$ 24 million in Series A equity backing and$ 17.5 million in debt installations, a major boost to help expand the […]

A recent study by Access to Finance Rwanda has revealed encouraging progress in youth access to fiscal services, motioning a significant boost in fiscal addition among youthful people. According to the findings, the chance of youthful people exercising banking services is anticipated to rise from 74 to 90 by 2024. The study, published on October […]

After a two- month fishing vacation, fishers in Lake Kivu are celebrating a significant answer in fish populations, particularly the Isambaza species. This time’s fishing vacation, commanded by the Ministry of Agriculture and Livestock, began on August 18 and concluded on October 19, 2024. The action, which was first established 20 times ago at the […]

The Rwandan private sector is prompting citizens to subsidize on the growing profitable openings arising from recent agreements inked by the Government of Rwanda with colorful countries. These agreements, which concentrate on easing competition and investment, are yielding positive results for original businesses and contributing significantly to the nation’s overall profitable development. As Rwanda continues […]

 Starting in 1952 and completely capitalized by 1962, tea has come a foundation of Rwanda’s frugality, evolving into the country’s largest import. According to the National Agency for the Promotion of Exports from Agriculture and Livestock( NAEB), tea exports generated over 154 billion Rwandan Francs( roughly 115 million USD) in the 2023/2024 financial time. This […]

In a noteworthy shift, Rwanda’s request prices endured a modest rise of 2.5 in September 2024 compared to the same month last time. This increase contrasts sprucely with the advanced affectation rates observed in former months throughout the time, suggesting a implicit turning point in the profitable geography. The primary motorists behind this supplement were […]

BasiGo has made a groundbreaking advancement in public transportation in Rwanda with the launch of electric motorcars specifically designed for individualities with disabilities. This action, unveiled on October 8, 2024, in Kicukiro, Kigali, marks a significant step toward making public transport more inclusive and accessible for all citizens. Two motorcars have been introduced one serving […]

The World Bank has reaffirmed its commitment to supporting Rwanda’s development during a vital meeting held on October 2, 2024, between Prime Minister Dr. Edouard Ngirente and Qimiao Fan, the World Bank’s representative for Rwanda, Somalia, Kenya, and Uganda. This meeting marks a significant step in solidifying the cooperation between Rwanda and the World Bank, […]

Rwanda has lately earned recognition as the third easiest country in the world to start a business, a significant accolade that reflects the nation’s commitment to fostering a favorable business terrain. According to the rearmost World Bank report named Business Ready 2024, domestic companies in Rwanda take an normal of 32 days to launch their […]

During his recent three- day working visit to Latvia, President Paul Kagame underlined Rwanda’s unvarying commitment to cooperative problem- working with transnational mates. This visit, which took place from October 2 to October 4, 2024, was marked by significant conversations with Latvian President Edgars Rinkēvičs, fastening on expanding bilateral relations, particularly in the areas of […]