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Category: Economic
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Rwanda Development Board relocates to Kiyovu
The Rwanda Development Board (RDB) has relocated its offices to Kiyovu, nearly three months after its former offices in Gishushu were temporarily closed to allow for renovation and upgrade works. RDB announced that, effective July 27, all its services will be provided from its new office located along KN 69 Street, opposite St. Michel Cathedral…
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Rwanda, European Union sign EUR 40 million agreement to support climate-smart agriculture transformation
The Government of Rwanda, through the Ministry of Finance and Economic Planning (MINECOFIN), and the European Union have signed a EUR 40 million (approximately Rwf 67 billion) Financing Agreement to support Rwanda’s efforts to transform the agriculture sector into a modern, inclusive, and climate-resilient sector. The Agreement, titled “HANGARIBIHE: Transformational Climate-Smart and Inclusive Agriculture in…
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Africa’s first continental credit rating agency set to be launched in October
Africa will launch its first continental credit rating agency on October 6 in Mauritius as the continent strengthens its financial architecture and provides credit assessments that better reflect African market realities. The African Credit Rating Agency (AfCRA) will operate as an independent, private-sector-led institution offering sovereign and corporate credit ratings. The agency is expected to…
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Products worth Rwf2.6bn seized as crackdown on illicit alcohol widens
Authorities seized products worth more than Rwf2.6 billion and imposed fines of nearly Rwf360 million a part of a crackdown on illicit alcohol production and distribution, officials said. In the past two weeks, law enforcement agencies inspected 246 production sites, shut down nearly 110 factories, arrested 56 suspects, according to Peter Karake, the Director General in charge…
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