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  • Over 269,000 businesses established in Rwanda over the past decade #rwanda #RwOT

    This remarkable growth reflects Rwanda’s position as one of Africa’s top countries for ease of doing business, where new businesses can be registered in just one day.

    According to the NISR’s 2023 Establishment Census, the number of businesses in Rwanda almost doubled from 154,236 in 2014 to 269,326 by 2023.

    Of these, the vast majority (95.9%) are privately owned while 92.0% are owned by individuals. Additionally, 2,017 businesses were founded by local NGOs, 656 by international NGOs, 2,496 by cooperatives, and 2,047 through public-private partnerships.

    During the same period, 3,830 state-owned enterprises involved in commercial activities were also registered.

    The report confirms that all listed businesses are currently active and tax-compliant as of the data collection period. Since 2020, the number of businesses has grown by 15%, with the total increasing from 226,359 to 261,549 by 2023.

    A significant number of businesses (92.2%) are classified as micro-enterprises, employing less than four workers.

    Small enterprises, which employ between four and 30 people, make up 6.4% (16,730 businesses), while medium-sized enterprises employing 31 to 100 people total 3,103 (1.2%). Large businesses, with more than 100 employees, account for just 0.2% (537 businesses).

    In terms of ownership, 93.7% of businesses are fully owned by Rwandans, while 1% are joint ventures between Rwandans and foreigners. The ownership of the remaining 5.2% is unidentified.

    NISR’s analysis shows that businesses have continued to flourish, with 145,402 establishments founded between 2021 and 2023 still in operation. The business sector has been a key driver of employment, creating approximately 927,739 jobs, with women representing 43.6% of the workforce.

    Four main economic activities account for 66.3% of total employment: wholesale and retail trade, repair of motor vehicles and motorcycles (26.2%), education (17.4%), accommodation and food services (12.9%), and manufacturing (9.8%).

    Industries such as mining and quarrying (75.3% male workforce) and construction (85.6% male workforce) remain male-dominated sectors.

    In 2023 alone, over $2.4 billion was invested in businesses, with most of the investments coming from Rwandan nationals, although there has been increasing interest from foreign investors.

    Almost all establishments (95.9 percent) are private and 92.0 percent are owned by one person.

    A large number of businesses are classified as micro-enterprises, employing less than four workers.

    Bird’s eye view of Kigali Special Economic Zone.

    Théophile Niyitegeka

    Source : https://en.igihe.com/business/article/over-269-000-businesses-established-in-rwanda-over-the-past-decade

  • Police cautions taxi-moto operators against overloading #rwanda #RwOT

    Superintendent of Police (SP) Emmanuel Kayigi, the spokesperson for the traffic department, said that the practice is common in taxi-moto operators transporting students, and foodstuff in markets.

    At least 24 motorcycles were impounded on Monday after they were found transporting up to four people, each. The majority passengers were students.

    Between July and August, 49 motorcycles were impounded for dangerous loading, 64 riders had no driver’s license, and 57 motorcycles had concealed or altered plate numbers.

    “These are serious road traffic violations committed intentionally and putting lives of people in danger. Imagine a motorcycle transporting four children, rushing to school in those pick hours! Risks are high and the motorcycle has insurance for the rider and one passenger only,” SP Kayigi observed.

    He added: “Some motorcycles transport large sacks of goods and in some cases they conceal number plates so as to avoid being detected and penalized.

    “We have impounded 194 motorcycles since July 25, for overloading luggage and passengers, riding without a driver’s license and those with altered or concealed plate numbers. These operations are continuous.”

    A motorcycle is licensed to carry only one passenger with both the rider and passenger wearing a helmet.

    Article 31 of Law n° 042/2023 of 02/08/2023 governing land and waterways transport, provides that the operator of transport of people or goods on public road, uses a vehicle covered by insurance and complies with the terms and conditions stated in such insurance.

    SP Kayigi reminded motorcyclists, who alter or conceal number plates that it is a crime punishable by law.

    Under article 276 of the law determining offences and penalties in general, any person, who, with fraudulent intention, produces a false written document, causes to write false statements, or produces a conflicting declaration, is considered to have committed the offence of forgery.

    Upon conviction, he or she is liable to imprisonment for a term of not less than five years but not more than seven years and a fine of between Frw3 million and Frw5 million, or one of these penalties.

    The Traffic and Road Safety Department of the Rwanda National Police (RNP) has intensified operations against high-risk violations as part of the ongoing Gerayo Amahoro campaign.

    Intensified operations followed observations that taxi-moto operators are transporting more than one passenger and carrying oversized luggage, which obstructs traffic flow and puts people’s lives at risk.

    IGIHE

    Source : https://en.igihe.com/news/article/police-cautions-taxi-moto-operators-against-overloading

  • President Kagame to visit Singapore #rwanda #RwOT

    'President of the Republic of Rwanda Paul Kagame will make a Working Visit to Singapore from 18 to 23 September 2024. As fellow members of the Forum of Small States (FOSS), Singapore and Rwanda work closely together to advance the interests of small nations and strengthen the multilateral system,' the statement reads.

    This will be President Kagame’s fourth visit to Singapore, following his last visit in September 2022.

    During the trip, President Kagame is scheduled to meet with Singapore’s President Tharman Shanmugaratnam and Prime Minister Lawrence Wong, who also serves as Minister for Finance. He will be hosted to a meal by Senior Minister Lee Hsien Loong.

    Rwanda and Singapore enjoy strong bilateral ties, collaborating in areas such as investment, trade, education, rule of law, technology, and air transport services.

    Both nations are members of FOSS, an organization established in 1992 by Singapore, which comprises small nations working together to address global challenges and promote development.

    The relationship between Rwanda and Singapore has been bolstered by frequent high-level visits. In 2022, Singapore’s then Prime Minister, Lee Hsien Loong, visited Rwanda, marking his first trip to both Rwanda and Africa.

    The Senior Minister, who will host President Kagame, is the son of Singapore’s founding father, Lee Kuan Yew, renowned for leading the country’s transformation from a part of Malaysia to an independent, prosperous nation.

    Singapore is one of the wealthiest countries globally. In 2023, its gross domestic product (GDP) reached $501 billion, a significant increase from just $0.70 billion in 1960. Its per capita GDP in 2023 stood at $84,600.

    President Kagame is expected to visit Singapore where he will meet dignitaries including former Prime Minister, Lee Hsien Loong.

    Théophile Niyitegeka

    Source : https://en.igihe.com/news/article/president-kagame-to-visit-singapore

  • Rwanda secures over Frw60 billion EU grant to boost manufacturing of health products including vaccines #rwanda #RwOT

    The funding will support various sectors, including pharmaceutical manufacturing, education, food and drug inspection, and technological advancements related to vaccine production.

    EU Ambassador Belén Calvo Uyarra highlighted that this grant was initially pledged by the EU President in December 2023 during the inauguration of BioNTech’s facility in Kigali. The initiative aligns with Rwanda’s broader plan to become a key hub for vaccine production in Africa.

    The grant will help expand cooperation in the availability and production of vaccines, medicines, and medical technologies, underscoring a deepening partnership between Rwanda and the EU.

    The project will involve companies from several EU countries, including France, Sweden, Germany, and Belgium, focusing on research, capacity-building for healthcare workers, and enhancing the pharmaceutical and vaccine manufacturing supply chain.

    Ambassador Uyarra emphasized the importance of this partnership in bolstering global preparedness, particularly after the lessons learned during the COVID-19 pandemic. The EU has also extended collaborations to other African countries, including Ghana, Senegal, and South Africa.

    Dr. Yvan Butera, Rwanda’s State Minister for Health, expressed optimism about the project’s potential, noting that it would significantly enhance Rwanda’s ability to produce vaccines and medicines. He added that this initiative would not only benefit Rwanda but also contribute to improving healthcare across Africa and beyond.

    Dr. Butera stressed the importance of building strong institutions through collaboration, highlighting that the project aims to address challenges in vaccine production by empowering professionals and institutions in the field.

    As part of the initiative, the EU will provide specialized training and support for professionals in Rwanda’s health sector, with a focus on developing skills in advanced pharmaceutical and vaccine manufacturing.

    There will also be close collaboration with technical and vocational schools to ensure that students are equipped with the necessary expertise for the industry.

    In addition to enhancing production capabilities, the agreement will focus on strengthening Rwanda’s regulatory framework. The EU will work alongside the Rwanda Food and Drugs Authority (Rwanda FDA) to improve guidelines and regulations, with a specific focus on vaccine and medicine distribution.

    Dr. Butera expressed confidence in the outcomes of this project, stating that it will bring tangible progress in Rwanda’s goal of becoming a hub in vaccine and medicine production.

    Dr. Yvan Butera, Rwanda’s State Minister for Health witnessed the signing of the agreement.

    Representatives from concerned parties in agroup photo after signing the grant agreement.

    Sweden was also represented aat the ceremony.

    IGIHE

    Source : https://en.igihe.com/news/article/rwanda-secures-over-frw60-billion-eu-grant-to-boost-manufacturing-of-health

  • Leveraging Sino-African partnerships: Haifu Medical Technology’s potential in transforming Africa’s healthcare landscape #rwanda #RwOT

    One of the most notable outcomes was China’s pledge of approximately $50.7 billion in financial support for Africa over the next three years, aimed at fostering partnerships across various sectors.

    As Africa accelerates its development, China’s remarkable rise from adversity to becoming a global economic powerhouse provides valuable lessons.

    In 2023, China’s GDP reached $17.9 trillion, reflecting a staggering 223-fold increase since 1952, with an average annual growth rate of 7.9%. The per capita GDP rose to $12,700, nearing the global average—a significant leap from just $194 in 1980.

    Over the past decade, China has driven more than 30% of global economic growth, improving living standards and lifting around 100 million people out of poverty while eradicating extreme poverty.

    China’s non-interference policy and mutual respect for Africa make it an ideal partner in the continent’s modernization efforts.

    Given the critical importance of healthcare to people’s well-being, the sector represents a vital area for advancement in Africa. China’s experience in improving wellbeing and its expertise in cutting-edge innovations offer ample opportunities for further cooperation to enhance healthcare access across the continent.

    One of the most promising contributors to this shared vision is Chongqing Haifu Medical Technology Co. Ltd., a leading manufacturer of non-invasive ultrasound therapeutic systems.

    Founded in 1999 and headquartered in Chongqing, Haifu specializes in treating malignant and benign tumors through High-Intensity Focused Ultrasound (HIFU) technology. This cutting-edge innovation has the potential to revolutionize healthcare in Africa, where access to advanced medical technologies remains limited.

    Haifu, in collaboration with Chongqing Medical University and its affiliated hospitals, has developed a range of groundbreaking products.

    With over 600 employees and more than 600 patents, Haifu has facilitated around 280,000 treatments worldwide. The flagship Haifu JC series—comprising the JC300, JC, and JC200 models—uses focused ultrasound to treat solid tumors, including uterine fibroids and cancers of the pancreas, liver, kidneys, bones, and soft tissues.

    Haifu’s mission to minimize harm while curing diseases lies at the core of its dedication to non-invasive treatment methods.

    HIFU operates by harnessing ultrasound’s ability to penetrate human skin and organs without harming surrounding structures. Ultrasound beams are generated externally and converted from mechanical to thermal energy. This energy is then focused on specific tumor areas within the body, enabling non-invasive alternatives to traditional surgery.

    According to the management, this approach reduces recovery time and significantly improves patients’ quality of life.

    Haifu’s contributions to medical science have garnered numerous national awards and international recognition. In 2005, Haifu established the National Engineering Research Center of Ultrasound Medicine, China’s only center of its kind for digital medical devices. The company’s systems, including the JC series, are now approved in 45 countries, including the UK, Russia, and Japan.

    During the COVID-19 pandemic, Haifu’s Global Telemedicine Service Platform completed over 4,600 ultrasound ablation procedures, demonstrating the technology’s resilience and global impact.

    The company has introduced its systems in 33 countries, and its president, Wang Zhibiao, is optimistic about further expansion into Africa.

    'I believe this technology will become more widespread in Africa over the next two years. It offers a cost-effective, non-invasive alternative to traditional surgeries, and I hope more African countries will adopt it,' Zhibiao remarked.

    Haifu has already made inroads in Africa, introducing its systems in four countries including Egypt and South Africa.

    The company has organized numerous training workshops to equip African doctors with the skills to use this life-saving technology effectively.

    In Johannesburg and Cairo, around 20 doctors were trained in each session, and Haifu aims to train at least five percent of African doctors, thus increasing access to advanced medical technologies across the continent.

    However, Zhibiao emphasized that government-to-government discussions are crucial for the widespread adoption of such life-saving technology in Africa. Currently, Haifu collaborates with 60 hospitals outside China and around 300 hospitals within China.

    As China and Africa continue to deepen their cooperation, there is room for discussion to make Haifu’s innovative systems accessible in more African countries, which could mark a significant step toward improving healthcare outcomes and building a healthier future for the continent.

    The President and Co-founder of Haifu Medical Technology, Zhibiao making introducing the Haifu Focused ultrasound system at the company’s headquarters in Chongqing Municipality.

    Chongqing Haifu Medical Technology Co. Ltd. is headquartered in Chongqing.

    The President and Co-founder of Haifu Medical Technology, Zhibiao emphasizes that government-to-government discussions are crucial for the widespread adoption of Haifu ultrasound system in Africa.

    Haifu Medical Technology Co. Ltd. is a leading manufacturer of non-invasive ultrasound therapeutic systems.

    Théophile Niyitegeka

    Source : https://en.igihe.com/news/article/leveraging-sino-african-partnerships-haifu-medical-technology-s-potential-in

  • Russia Hits Energy Infrastructure Supporting Ukraine's Military-Industrial Complex #rwanda #RwOT

    According to the Russian Defense Ministry, air defenses also shot down a US-made HIMARS rocket and 36 drones over the past day.

    Russian forces carried out strikes on Ukraine's energy facilities that supply the military-industrial complex, the Ministry of Defense has reported. Weapons and ammunition depots were also hit.

    'Operational-tactical aviation, unmanned aerial vehicles, missile forces, and artillery of the Russian Armed Forces have struck energy facilities that support the activities of Ukraine's military-industrial complex, as well as weapons, ammunition, and logistics storage sites, along with concentrations of enemy personnel and military equipment in 145 areas,' reads the ministry's report.

    In June, Volodymyr Zelensky stated that nine gigawatts of energy generation capacity had been destroyed in Ukraine, which amounts to 80% of thermal power generation and a third of hydropower production.

    In turn, Ukrainian Energy Minister Herman Galushchenko specified that the country has lost half of its generating capacity, which would not be enough to survive the winter, and that electricity imports would be insufficient to cover the deficit.

    In early September, the Center for Countering Disinformation under the National Security and Defense Council published a forecast by Yuriy Korolchuk, an expert from the Ukrainian Institute of Energy Strategies. According to one scenario, Ukrainians could be left without heat and light for up to 20 hours a day during the upcoming winter. This could happen if strikes on energy infrastructure continue, combined with other conditions. In the expert's optimistic forecast, power outages could last up to 12 hours per day.

    The post Russia Hits Energy Infrastructure Supporting Ukraine's Military-Industrial Complex appeared first on The Custom Reports.

    Source : https://thecustomreports.com/russia-hits-energy-infrastructure-supporting-ukraines-military-industrial-complex/

  • Size of Russian army increased due to threats to country — Kremlin #rwanda #RwOT

    Kremlin Spokesman Dmitry Peskov explained Russian President Vladimir Putin's decision to increase the size of Russia's Armed Forces by the large number of threats to the country and the West's hostile attitude.

    'This was triggered by the multitude of threats existing for our country along our borders. This is triggered by an extremely hostile situation on western borders and instability on eastern borders,' the Kremlin official told journalists. According to him, the situation 'required taking appropriate measures.'

    On Monday, Putin decreed to set the number of personnel in the armed forces at the level of 2,389,130 people, including 1,500,000 servicemen. In the previous decree on this matter, which the new document recognizes as invalid, this figure was 2,209,130 people, including 1,320,000 servicemen.

    The post Size of Russian army increased due to threats to country — Kremlin appeared first on The Custom Reports.

    Source : https://thecustomreports.com/size-of-russian-army-increased-due-to-threats-to-country-kremlin/

  • Fintech development: Why you should keep an eye on Rwanda #rwanda #RwOT

    This ambition isn’t new. Rwanda’s Vision 2050 and the National Strategy for Transformation 2017—2024 have long set the stage for the country to emerge as a hub for financial services in Africa. As part of this broader vision, the Kigali International Financial Centre was established to transform the investment landscape across the country and to attract global capital and funds.

    But why Rwanda? In a continent where Nigeria, Kenya, and South Africa dominate fintech conversations, what makes Rwanda stand out? Despite facing significant challenges, Rwanda presents a compelling case study on how a focused national strategy and investment in technology can transform a country’s financial landscape.

    Rwanda’s ability to innovate and adapt, coupled with its commitment to digital inclusion and progressive policies, has positioned it as a rising fintech hub that shouldn’t be overlooked.

    Peace Aimee Niyibizi, World Bank Country Economist for Rwanda stated that, 'Rwanda’s economy showcased resilience and adaptability, achieving a robust growth rate in 2023, amidst a series of challenging external and domestic factors'.

    Last year the country’s GDP was 8.2% – significantly higher than other countries including Nigeria (2.74%); Kenya (5%) and South Africa (0.6%). The growth can be attributed to agricultural modernization, industrial expansion, service sector growth, pro-business government policies, digital innovation and the rise of fintech.

    Lily Umutesi Ngarambe, Yellow Card’s Country Manager for Rwanda, expresses her excitement about how fintechs are revolutionising the financial sector. 'Fintechs are blurring the boundaries of traditional financial firms and the financial sector.

    This presents a paradigm shift that has various policy implications such as fostering beneficial innovation and competition, while managing the risks. In addition, it supports reviewing regulatory, supervisory, and oversight frameworks to ensure they remain fit for purpose and enable the authorities to foster a safe, efficient, and inclusive financial system.'

    Rwanda’s transformation into a fintech powerhouse is the result of a deliberate and sustained effort to leverage technology for economic growth. From the Vision 2020 plan which aimed to transition the country into a knowledge-based economy, to the 2001 ICT Policy that laid the groundwork for digital innovation, Rwanda has been building the infrastructure necessary for a thriving fintech sector.

    The government’s commitment is further exemplified by initiatives like the One Laptop Per Child program and the establishment of numerous tech hubs and innovation centres across Kigali.

    In the broader context, fintechs like Yellow Card with innovative products like the Payments API and its on and off ramp Widget have been instrumental in opening up greater business financial opportunities to companies looking to do business in Africa.

    So, while the big players in African fintech might be drawing the most attention, don’t lose sight of Rwanda. This small but mighty nation is poised to make significant strides in the fintech space—strides that could reshape not just its own economy, but the entire African continent’s financial landscape.

    The author of this opinion is a Rwandan Senior Brand Communications Manager based in South Africa

    Rutendo Nyamuda

    Rutendo Nyamuda

    Source : https://en.igihe.com/opinion/article/fintech-development-why-you-should-keep-an-eye-on-rwanda

  • A new starting point for China-Rwanda brotherhood in the new era #rwanda #RwOT

    China’s GDP in 2023 stood at 17.9 trillion USD, 223 times more than that of 1952. In a span of 70 years, our average annual growth rate of GDP has been 7.9%. Our GDP per capita in 2023 reached 12,700 USD, almost catching up with the world average while it was 194 USD in 1980, only accounting for one thirteenth of the world average.

    Long being the world’s top country in terms of trade, manufacturing, commodity consumption and others, China has played an indispensable role as a robust engine for world economy. It has contributed more than 30% annually to world economic growth in the past decade.

    Picture of Shanghai Pudong

    Over the past 75 years, the lives of the Chinese people have undergone tremendous changes. About 100 million of Chinese population was lifted out of poverty in the past decade. Absolute poverty has been eradicated in China.

    The average life expectancy increased from 35 years in 1949 to 78.6 years in 2023. With the world’s largest social security system in place, the Chinese people are enjoying a great sense of gain, happiness, and security.

    In 2023, President Xi Jinping visited Xiangxi, Changsha in central China’s Hunan Province, and put forward the concept of 'targeted poverty alleviation'.

    Why does China’s development matter to Rwanda?

    On one hand, China is a force for peace and development. Since its founding, the People’s Republic of China has consistently pursued an independent foreign policy of peace, and adhered to the path of peaceful development. The Belt and Road Initiative, the Global Development Initiative, the Global Security Initiative, the Global Civilization Initiative, which are part of China’s efforts to build a community with a shared future for mankind, speak for themselves.

    China will not follow the old path of some countries to achieve modernization through such means as war, colonization and plunder. China’s history of development testifies that peaceful development is a fully accessible path to modernization.

    On the other hand, China and Rwanda enjoy a profound bond of brotherhood for 53 years.

    The ruling parties, highly consistent in the concept of governing for the people, frequently exchange experiences on state governance. Our economic and trade cooperation are booming, with bilateral trade volume reaching US$550 million in 2023, and China’s import from Rwanda increased by 86.2% year-on-year.

    Our collaboration in agriculture, ICT, infrastructure, health and many other fields is playing a crucial role in economic and social transformation of Rwanda. The Juncao program, which has trained 35,000 Rwanda farmers, is becoming a shining example of South-South cooperation.

    Experts from China are introducing and teaching how to use Juncao grass to cultivate edible mushroom, which has benefited over 30000 farmers in Rwanda.

    Our people-to-people friendship is cemented. This year, the City of Jinhua of Zhejiang Province, and the City of Musanze of Northern Province, became sister cities, the first ever pair of sister cities between our two countries. Not long ago, in this year’s Chinese Bridge Competition, a Rwandan student ranked global top 30. In the 9th African Vocational Skills Challenge, a Rwandan student who is studying in China, won the laurel.

    Mbonimana Philimine from China-Africa (Rwanda) Applied Talents Joint Teaching Program, got the first prize in the Africa Technology Challenge (ATC) Season 9 in September 2024 in China.

    A big year for China-Rwanda relations

    In July this year, the Third Plenary Session of the 20th Central Committee of CPC was held. At the session, the resolution to further deepen reform comprehensively to advance Chinese modernization was made. The session proposed more than 300 important reform measures, the target time of which coincides with Rwanda’s NST II. That provides a good opportunity for the synergy of the development strategies of our two countries.

    From September 4th to 6th, the Summit of the Forum on China-Africa Cooperation (FOCAC) was successfully convened in Beijing. At the summit, H.E. President Xi Jinping called on the leaders to jointly advance modernization that is just and equitable, that is open and win-win, that puts the people first, that features diversity and inclusiveness, that is eco-friendly, and that is underpinned by peace and security.

    Furthermore, President Xi Jinping launched the “Ten Partnership Actions”, responding to the urgent needs of Africa’s economic and social development. Just name one among the many good proposals, China has decided to voluntarily and unilaterally open its market wider, giving Rwanda zero-tariff treatment for 100 percent tariff lines, which will help turn China’s big market into Rwanda’s big opportunity.

    H.E. President Paul Kagame attended the Summit, and co-chaired the high-level meeting on state governance. Leaders of our two countries met and officially elevated our bilateral relations to comprehensive strategic partnership. Both China and Rwanda regard each other as long-term, trustworthy and reliable good friends and partners, an important milestone in our relations.

    The Summit of FOCAC was held in Beijing from September 4th to 6th.

    The two countries issued the Joint Statement on the Implementation of the Three Global Initiatives. We emphasized mutual support on issues of core interests and major concern, a cornerstone of China-Rwanda relations. It serves as a good example for political mutual trust and strong commitments.

    Among others, China firmly supports Rwanda in safeguarding national unity and fighting the spread of genocide ideology and hate speech in all their forms. Rwandan firmly adheres to the one-China principle, and supports all efforts by the Chinese government to achieve national reunification. Both sides are committed to jointly upholding highest human values of embracing diversity.

    The two sides signed memorandums of understanding on implementation of Global Development Initiative, on ICT, etc., paving the way for practical cooperation in various fields.

    China-Rwanda relations are now at their best in history. H.E. President Xi Jinping said, “roll up our sleeves and work hard”. At his inauguration ceremony, H.E.President Kagame said, this new mandate means the beginning of even more hard work.

    President Xi Jinping met with President Paul Kagame during the Summit of FOCAC. The two leaders announced the elevation of bilateral ties to a comprehensive strategic partnership.

    Let’s work together to implement the important consensus reached by leaders of the two countries.

    Let’s work together to advance our cooperation in various fields, and inject new momentum into the comprehensive strategic partnership.

    Let’s be a force for mutual support, for win-win cooperation, for mutual learning, and for peace.

    Let’s join hands to create more benefits for the two peoples, and inject more stability and certainty into the world.

    China and Rwanda enjoy a friendship higher than mountains. Today is the Mid-Autumn Festival, an occasion for reunion of family members, brothers and sisters. At this joyful moment, I’d like to extend my seasonal regards and best wishes to all Chinese, and Rwandan brothers and sisters who dedicate themselves to the long-standing friendship and cooperation, unity and prosperity between our two countries and two peoples.

    The author, Wang Xuekun is the Chinese Ambassador to the Republic of Rwanda.

    Wang Xuekun

    Source : https://en.igihe.com/opinion/article/a-new-starting-point-for-china-rwanda-brotherhood-in-the-new-era

  • Rwanda economy grows by 9.8 percent in second quarter of 2024 #rwanda #RwOT

    According to the latest GDP figures announced on Monday, September 16, by the National Institute of Statistics (NISR) and the Ministry of Finance and Economic Planning, the GDP is expected to grow by 6.6%, driven by the services and industrial sectors, as well as recovery in agricultural output.

    Overall, in the second quarter, GDP increased by 9.8%, following a 9.7% growth in the first quarter of the year. By sector, agriculture grew by 7%, industry by 15%, and services by 10%.

    In agriculture, subsistence crops increased by 8%, thanks to good performance in the first planting season of 2024. However, export crops decreased by 6% compared to the second quarter of 2023. NISR explains that one reason for the decline in agricultural exports is the reduced coffee output, as many coffee trees have aged, and there are now efforts to plant new ones.

    In industry, construction contributed 18% to the growth, while manufacturing output rose by 17%. However, mining output dropped by 2% compared to the second quarter of 2023.

    In the services sector, wholesale and retail trade grew by 10%, transportation increased by 9%, largely due to a 25% rise in air transport, hotel and restaurant services grew by 20%, ICT services increased by 33%, and insurance services grew by 10%

    The Minister of Finance and Economic Planning, Yussuf Murangwa, stated that the announced figures show that Rwanda’s economy is performing well.

    The Director General of the National Institute of Statistics, Ivan Murenzi, (right) during the announcement of the current GDP figures

    IGIHE

    Source : https://en.igihe.com/news/article/rwanda-economy-grows-by-9-8-percent-in-second-quarter-of-2024