Rwanda | - Part 2

IFC Supports Rwandan Beverage Industry and Maize Farmers through Investment in Bralirwa

Kigali, Rwanda (Capital Markets in Africa), — IFC, a member of the World Bank Group, today announced a new financing transaction with Brasserie et Limonaderies du Rwanda to support plans for expanding production of soft drinks and sourcing of maize from local farmers. Known as Bralirwa, the subsidiary of Heineken N.V. is Rwanda’s leading manufacturer of beers and soft drinks, including the Primus and Coca-Cola brands. The $25 million loan from IFC aims to promote…

Rwanda targets $1.2 bln foreign investment in 2015

Posted on by The Editorial Team

Kigali, Rwanda (Capital Markets in Africa) – Rwanda aims to increase foreign direct investment in 2015 to $1.2 billion, a fourfold jump from two years ago, helped by a new investment code that offers tax breaks and other incentives, a senior official said on Thursday. World Bank rankings show Rwanda is one of the easiest places to do business in Africa, after Mauritius and South Africa, but the country has struggled to meet past investment…

Rwanda exports projected to grow by 6%

Posted on by The Editorial Team

The government projects exports to rise from US$723.1 million earned in 2014 to $764.4 million in 2015 a projected 6% growth for this year. “Last year’s export performance of 3% was because of the performance of tea and minerals which were affected by low commodity prices at the international market,” Minister of Finance and Economic Planning Amb. Claver Gatete said. “We project imports in value terms to increase by 7% in 2015 and declining by…

IMF says Rwanda economy to expand by 6.5 pct this year

Posted on by The Editorial Team

KIGALI (Reuters) – Rwanda’s economy is expected to grow by 6.5 percent this year from 7.0 percent in 2014, while inflation will remain contained, the International Monetary Fund said on Thursday. Rwanda’s government has said last year’s economic growth was buoyed by robust expansion in farming, services and industrial sectors, rising from 4.6 percent in the previous year. The east African nation’s 2013 growth suffered from cuts in budgetary support by donors, after United Nations…

Rwanda holds rates at 6.5 pct, inflation seen in check

Posted on by The Editorial Team

KIGALI (Reuters) – Rwanda’s central bank held its key repo rate at 6.5 percent on Thursday, Governor John Rwangombwa said, adding inflation had been low in the past two months and was not expected to exceed 3.5 percent by the end of 2015. Rwanda’s urban year-on-year inflation rate fell to 0.7 percent in February from 1.4 percent the previous month, which the statistics bureau had said was due to a drop in transport costs. “Despite…

« 1 2