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Africa continues to attract global attention as China strikes investment deals

China and Africa’s recent union is not only a milestone in Africa’s development, but is an indication of global interest in the continent. KIGALI, Rwanda, Capital Markets in Africa, Africa continues to attract the interest of global investors and the world’s biggest market. China’s investment ventures in Africa strongly suggest that the continent is seen as the new sleeping giant. As the bond between Africa and China strengthens, global leaders and investors will follow suit…

Rwanda in Talks With IMF for Standby Facility as Imports Surge

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Kigali, Rwanda, Capital Markets in Africa: Rwanda is in talks with the International Monetary Fund to arrange a standby facility of about $200 million to help offset the impact of declining export revenue and surging imports, Central Bank Governor John Rwangombwa said. The collapse in global commodity prices is expected to result in “negative growth” in revenue for Rwanda’s mineral shipments this year, Rwangombwa said in an interview Friday at the World Economic Forum on Africa in the…

IMF Sees Rwanda’s Cautious Monetary Policy Keeping Growth at 6%

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Kigali, Rwanda, Capital Markets in Africa — GDP expanded 6.9% in 2015, International Monetary Fund says in e-mailed statement. The fund also, advised that more immediate measures needed to deflate external pressures, stem drop in forex reserves. The Brookings Institute commends Rwanda’s implementation of more cautious monetary policy, postponement of some non-priority public spending to help dampen still-strong demand for imports as well as allowing exchange rate to continue to adjust as necessary will be…

IMF Keeps Rwanda’s Growth at 6.9%, Sees Cautious Monetary Policy

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Kigali, Rwanda, Capital Markets in Africa — International Monetary Fund stated that Rwanda’s economic performance in 2015 remained robust, with GDP growth of 6.9 percent. Growth in 2015 was buoyed by strong construction and services activity, with agriculture and manufacturing also performing well. Consumer price inflation remained contained, averaging 2.5 percent for the year, though it increased in the second half of 2015 due to higher food prices and administrative price increases. In February 2016,…

Finance | Rwanda Targets $1.5 Billion in Foreign Investments in 2016

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Kigali, Rwanda, Capital Markets in Africa — Foreign direct investment in Rwanda will probably rise 36 percent this year to $1.5 billion, according to the Rwanda’s development board. Projects financed by foreigners will rise from $1.1 billion last year, Francis Gatare, chief executive officer of Rwanda Development Board, said in an interview on Thursday. “In 2015 we witnessed an increment in the number of investments registered, with key projects in energy and education topping the…

Rwanda’s Capital Market and City of Kigali studying to address financial problems of city housing costs

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Kigali, Rwanda, Capital Markets in Africa — The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing. The scheme which is under study will also enable modern buildings as planned in the Master Plan of the City of Kigali. The study is expected to be completed by end of the…

Rwanda’s 10-year Capital Market Master Plan in the offing

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Kigali, Rwanda, Capital Markets in Africa — The Capital Market Authority of Rwanda hosts a strategic planning roundtable designed to initiate the process of developing a ten-year capital market development master plan (CMMP). The three-day off-site meeting brought together international and regional experts as well as high-level Rwandan officials from the public and private sectors. Among the delegates were renowned capital market experts from 14 countries across the globe who were in the roundtable they included:…

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