Tag: economy
How Rwanda’s rural Districts missed out on surge in FDI
Districts of the capital namely Gasabo, Kicukiro and Nyarugenge accounted for 81 per cent of FDI projects, 72 per cent of investments, and 82 per cent of projected jobs over the period 2016–2022.
U-TURN: Govt to repeal parts of the controversial property tax law
The much-disputed immovable property tax hike in the 2018 law had not been brought into force as the treasury suspended its enforcement twice amid public uproar. The executive now wants Parliament to repeal five articles of the controversial legislation.
Rwanda’s $4.4 billion 2023/24 budget in a nutshell
Authorities bank on allocations in the budget to expedite progress on a number of ruling party promises ahead of Presidential and Parliamentary polls.
African youth demand Govts action on rising unemployment
There are at least 11 million young people coming to the labor market every year in search of work, yet only 3 million jobs are created across the continent, leaving estimated 8 million without work, according to International Labour Organization (ILO). Initiative by the AUC Chairperson Moussa Faki...
Where is the money? Audit flags holes in Mgt of State projects
There has been accumulation of taxes not paid to the taxman estimated at Rwf550.6 billion ($493.5 million) and decentralized taxes filed not yet paid of Rwf2.5 billion ($2.2 million). The sum include fines, penalties, and other levies on goods and services collected by entities of behalf of Rwanda Revenue...
Pan-African payment system rollout reaches three more countries
PAPSS rollout is planned to reach five regions of Africa before the end of 2023, while all central banks and commercial banks are projected to be signed up by end of 2024 and 2025 respectively.
Rwanda moves to tame inflation, ups budget by $98.2 million
According to the treasury, impact of inflation on food prices will require mitigating policies to reduce the impact on affected households especially the poor, while the general increase in prices is also exerting pressure on budget expenditures.
AfCFTA story good, but hard to sell without free movement
African authorities still owe us a different, better version -- one wrapped up in the free-movement-of-people envelope with a visa-free tag visible at the back.
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...
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...
Inflation shoots to 20.4pc in August as food prices keep rising
The latest Consumer Price Index (CPI), the gauge of changes in the cost of living, released on September 10 by the National Institute of Statistics (NISR) indicates that there has been a general rise in food inflation by 29.2 per cent on annual basis in August.
Rwanda undertakes new population census after 10 years
Economists say the new census will provide fresh data which will enable government planners make necessary adjustments in design of programmes and projects aimed at tackling key human security issues like poverty and malnutrition as well as revise targets across key sectors.
Households squeezed as food prices jump to new high in Rwanda
Food items and other essentials are more expensive in rural areas as rural CPI increased the most by 22.5 per cent on annual basis compared to 15.6 per cent in urban areas.
Rwanda inflation hits 16.1pc as food costs keep rising
A section of consumers whose wages barely changed to reflect the rising cost of living are grappling with some of the highest costs for essentials, and this is hurting low income earners and the vulnerable families the most.
$6.7 billion urgently needed to preserve Africa’s wildlife asset
Based on average of management costs per square kilometre, and considering there are over 6 million square kilometres of protected and conserved areas across Africa, the annual costs of managing the entire conservation estate range from $2.6 billion to $6.7 billion annually.
Rising food prices drive May inflation to 14.8pc
Rwanda’s National Institute of Statistics (NISR) report shows costs of food and non-alcoholic beverages, which had increased by 15.7 per cent and 5.5 per cent on annual and monthly basis in April again rose by 24.2 per cent and 5 per cent correspondingly in May 2022.
