ECONOMY
Why Africa must prioritise merging currencies for free trade
Traders’ efforts are weighed down by the fact that they have to use their valuable time and capital to purchase third currencies.
Agro-industrial hubs to cut Africa’s $45bn food import bill. We want this money back - SACKO
CAAPs has been hailed as one of the most promising means to vastly improve the competitiveness of African industries and enterprises by achieving economies of scale, promoting local processing and value addition of agricultural products, and availing employment to a larger part of the African youth...
Costs, connectivity and illiteracy hold back Africa digital economy potential - REPORT
Despite mobile digital services offering Africa massive potential to provide better access to health, education and trade, billions of people in remote regions of the continent are without coverage.
Rwanda’s economic recovery prospects facing new headwinds - Report
Official data indicate that Rwandan firms and entrepreneurs generally struggle to secure certification for an international standard, popularly known as ISO certification, which is deemed crucial when it comes to tapping into the export market, and especially the adoption of e-commerce platforms and...
Rwanda finally rolls out mobile money interoperability
Over 6 million mobile money subscribers in Rwanda can finally enjoy cross-network transfer services at no cost after two rival network operators interlinked their platforms under the Rwanda National Digital Payment System.
Treasury targets officials' travels, workshops in spending cuts
Details seen by RwandaPost show government seeks to cut “unnecessary or non-essential/ non-efficient" spending by institutions, such as those related to official travel, physical meetings, workshops and conferences by increasing reliance on remote working practices/tools and use of institutions’ facilities.
AUDIT: Rwanda loses billions to projects delays, mismanagement
The audit flagged 88 cases of idle assets worth Rwf37.2 billion were identified in 49 public institutions. They comprise 54 new cases worth Rwf28.8 billion, and 34 cases worth Rwf8.4 billion flagged by last year’s audit by Mr. Kamuhire’s predecessor Obadiah Biraro.
Wages no longer at pace with rising cost of living
Effects of both the rising cost of living and unemployment have seen families do without some basic necessities or make shifts in spending as costs outstripped incomes for majority who derive a living from work in the informal sector.
Consumers forced to tighten their belts as inflation bites
The consumer rights lobby group is of the view that it is high time for government to consider the widening mismatch between current market prices and people’s purchasing power as costs seem to be way beyond levels of income for most families and individuals in the formal and informal work sectors.
ALERT: Heavy rainfall to hit 10 Districts of Rwanda
The imminent adverse rains are linked to influence of Indian Ocean induced tropical depression, the agency said in its advisory released on February 1
