Saturday 21 October 2017
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(AFP (eng) 08/31/17)
An opposition figure who was barred from challenging Rwandan President Paul Kagame in last month's election has been "taken" by police, her brother said Thursday, a claim authorities have denied. Police officers took Diane Rwigara and some of her family members to an unknown location on Tuesday night after raiding her house in the Rwandan capital Kigali, her brother Aristide said. An accountant and political newcomer, Rwigara announced her intention in May to run in the August election against Kagame, who has held held de facto power in Rwanda since 1994. Nude photographs purporting to be Rwigara appeared online soon after she declared her candidacy. She was later disqualified on a technicality from running against Kagame, who went on to...
(Reuters (Eng) 08/31/17)
The brother of a leading critic of Rwandan President Paul Kagame said on Wednesday she had been taken from her home by police along with four family members, something police denied. Diane Shima Rwigara, who was barred from running against Kagame in elections this month, was driven away by police on Tuesday, Aristide Rwigara said by telephone from the United States. Rwandan police said earlier on Wednesday they were investigating Diane Rwigara for tax evasion and forgery. ”Police took her and everybody else who was there -- my mother, my other sister, and my two brothers,” her brother said, citing a person who said they witnessed the incident. “They put everybody in handcuffs and took things in the house indiscriminately...
(Xinhuanet 08/31/17)
Pressures on the Rwandan franc against the U.S. dollars continued easing in the first half of 2017, Rwanda's central bank said Wednesday. This is owing to improvement in Rwanda's export receipts and the decline in dollar demand in line with increased domestic production of some of the previously imported goods and the phasing out of some major construction projects, said the central bank's latest monetary policy and financial stability statement. The franc depreciated against the dollar by 1.3 percent at the end of June and 1.64 percent by Aug. 13, 2017 compared to 4.8 percent by the end of June, 2016, said the central bank, adding that it is expected at around 3 percent at the end of December this...
(Agence Ecofin 08/31/17)
Over the 2016-17 season, Rwanda’s meat exports generated $22.9 million of revenues, up 30% compared to 2015-16. The increase is due to volumes sold rising and global prices of the commodity also, over the period. According to data from Rwanda’s agricultural exports office reported by Newtimes, volumes exported soared 17% to 6,200 tons. Meanwhile, a kg of meat was sold for $3.67 against $3.33 in 2015-16. It should be noted that many other segments of the husbandry sector have improved over the period of reference, not only meat’s. Leather and skin exports, but milk’s as well, also rose by 6.7% and 2% respectively over the period. Espoir Olodo
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(AfricaNews 08/30/17)
Rwandan president, Paul Kagame, says the west should stop forcing its type of democracy on Africa. Whiles speaking in an interview with the Financial Times news portal, Kagame said conditions in Africa and the west were not similar hence each one should customize democracy to suit their particular circumstances. Asked about how westerners accuse him of having created an authoritarian society, the 59-year-old responded: “Maybe let’s talk about democracy, and not western democracy, because is there something called democracy without putting the western thing? “If we can do that, maybe that’s where I stand. And I look at the ingredients of democracy generally, not making it western...
(Reuters (Eng) 08/30/17)
KIGALI (Reuters) - Rwandan police said on Wednesday they were investigating Diane Shima Rwigara - a critic of President Paul Kagame barred from challenging him in elections this month - for tax evasion and forgery. Officers searched Rwigara’s family home in the capital Kigali, police spokesperson Theos Badege said, dismissing reports spreading online that she had been arrested. Rwigara, a 35-year-old accountant, has repeatedly accused Kagame of stiffling dissent and criticized his Rwandan Patriotic Front’s near total hold on power. Electoral authorities barred her from standing in August’s presidential vote, saying she had not submitted enough supporters’ signatures and some of the names she did send in belonged to dead people - allegations she denied. The U.S. State Department and...
(Xinhuanet 08/30/17)
The United Nations Children's Fund (UNICEF) has signed an agreement with Rwanda's National Agricultural Export Development Board (NAEB) to stop child labor in the tea industry. Under the deal inked Tuesday, the UN agency will bring expertise and train staff to Rwanda's tea sector, helping the African country improve the welfare of children and mothers, said Ted Maly, UNICEF representative to Rwanda. Maly said their work will focus on leveraging expertise and ensuring children and mothers good nutrition and health. The deal is in line with the Rwandan government's commitment to protecting children's inalienable rights of safety, being cared and so on, regardless of their parents' economic conditions
(Bloomberg 08/30/17)
One of the world’s poorest regions is making itself more friendly to new products from Novartis AG, Roche Holding AG and other drugmakers by combining the pharmacy regulators of six countries. The East African Community Medicines Registration Harmonization program allows Bayer AG, Merck KGaA, and rivals to speed products to market, while easing patients’ access to new medicines. Drugmakers would like to see the scope of the project, which started in 2012, widened to more countries. Modeled on the European Medicines Agency, the program is designed to slice through red tape in a region of 160 million people grappling with high rates of malaria, HIV, and other infectious diseases. East Africa is often slow to gain the benefit of new...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(The Associated Press 08/29/17)
KIGALI, Rwanda (AP) -- Residents in Rwanda's capital say seven people have been killed by crocodiles on the banks of Nyabarongo River this month. Donata Mukanyana, a mother of six children, said her husband was taken last week by a crocodile while trying to draw water from Nyabarongo River in Kigali's Nyarugenge district. Amid a prolonged dry spell, residents from Nyarugenge and Kamonyi districts are increasingly depending on Nyabarongo waters for domestic use. Marie Rose Mureshyankwano, governor of Rwanda's Southern Province, confirmed the deaths and said the government is working to extend clean water supply...
(Xinhuanet 08/29/17)
Rwandan and Tanzanian traders under their respective private sector bodies on Monday expressed concerns over barriers to free trade in both countries in Rwanda's capital city Kigali. The requirement of work permits for clearing and forwarding agents was a bottleneck to set up offices in Tanzania's capital Dar es Salaam, said Rwandans working in Tanzania at a business forum that brought together 15-member delegation from the Tanzania Private Sector Foundation (TPSF) and their Rwandan counterparts. Other bottlenecks include denial of Rwandan trucks from transporting agriculture products from Tanzania and less migration working hours, they said. The meeting was convened to identify policy and regulatory restrictions limiting free
(Al-Monitor 08/29/17)
With the objective of advancing his country's interests in the African continent, Egyptian President Abdel Fattah al-Sisi paid visits to Tanzania, Rwanda, Chad and Gabon on Aug. 14-17. The agenda included issues related to Egyptian national security, most prominently the Nile water dossier, and the military and technical support in countering terrorism in West Africa. Sisi's visits carried messages from the Egyptian political administration, most notably among them that Egypt intends to provide Chad and Gabon with immeasurable military and security support, in terms of capacity building and export of military equipment. This is in addition to Egypt’s desire to address the water issue indirectly by prompting the upstream countries to resort to other energy sources, such as wind energy...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(Reuters (Eng) 08/28/17)
KIGALI, (Reuters) - Rwanda’s Bank of Kigali plans to raise $60 million-$100 million by next year to expand its business and could list shares on an overseas bourse as part of the plan, its chief executive officer said. Diane Karusisi told Reuters that Rwanda’s biggest bank was considering a listing on the Johannesburg, Nairobi or London stock exchanges. “If we cross-list, a portion of this $60 million to $100 million will be issued in other exchange market but most probably we will issue rights here locally,” Karusisi said on Sunday. “We want to raise the capital to grow the bank,” she said, without providing more details. The bank will announce its final decisions on the capital raising before the end...
(The Independent 08/28/17)
President Paul Kagame on Aug.18 pledged to work for Rwandans with pride and honour as he made his inauguration speech at Amahoro National Stadium in the country’s capital, Kigali. The major highlight of the inauguration, which came 14 days after Kagame won the Aug.4 polls with nearly 99 percent, was that over 19 heads of states mostly from the African continent attended. “Today is a day of celebration and a day to thank each of you,” President Kagame said during his inauguration speech, “The presence of so many brothers & sisters from around Africa honours our nation deeply and gives us strength. We thank you. Africa has been with Rwanda when we needed you most.” Among the Africans leaders who...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(The New Times 08/25/17)
The wish of vast majority of Rwandans and friends of Rwanda prevailed when President Paul Kagame was last week inaugurated for another seven year term. It was a long and emotional journey that started with millions of petitions, a referendum, celebration-style campaigns and climaxed with a colourful inauguration. Unlike the 2010 inauguration, which was by all means ordinary, this was very extra ordinary and emotive and for many good reasons. First, this was a term requested by Rwandans and for Rwandans for what President Kagame has delivered to them in an unorthodox manner, and in the most difficult environment for any leader and so this was an inauguration...
(The New Times 08/25/17)
Rwanda and Liberia on Thursday signed a Memorandum of Understanding (MoU) to facilitate cooperation in improving tax administration. The MoU was signed between Rwanda Revenue Authority and Liberia Revenue Authority. During the signing ceremony, Richard Tusabe, the Commissioner General of RRA, said the MoU will guide both sides in various areas of cooperation notably exchange of information, tax law reforms, capacity building and monitoring dynamics in international taxation. “Rwanda and Liberia will be able to establish mechanisms through which we can share information on business that operates or come to both countries for the purpose of transit or destination for successful but legitimate

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