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 in Kigali.

“All RDB services will be provided from this location,” a public statement reads in part.

The RDB One Stop Centre will operate from the ground floor of the new office building, providing services to the public, investors, development partners and the business community.

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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 Rwanda,” is a five-year programme that will provide EUR 36 million in budget support to strengthen national agriculture and environment sector priorities, alongside EUR 4 million in complementary support for technical assistance, capacity building, and studies.

The programme is part of the Team Europe Initiative on “Investing in Sustainable and Inclusive Agricultural Transformation,” bringing together the European Union and partners.

The support will contribute to the implementation of Rwanda’s National Strategy for Transformation (NST-2), the Fifth Strategic Plan for Agriculture Transformation (PSTA-5), and environment sector priorities.

It will focus on increasing investment in agriculture, expanding irrigation and sustainable land management practices, strengthening climate resilience, restoring degraded ecosystems, and improving climate information systems to support evidence-based decision-making.

Speaking at the signing ceremony, Minister Yusuf Murangwa, Minister of Finance and Economic Planning, welcomed the financing agreement as a strategic partnership for Rwanda’s agricultural transformation.

“It will build a modern, productive, and climate-resilient sector by driving inclusive productivity gains for smallholders, cooperatives, women, youth, and SMEs, while mandating climate-smart and sustainable production practices,” he noted.

Belén Calvo Uyarra, the EU Ambassador to Rwanda highlighted that the programme marks another important milestone in the long-standing partnership between the European Union and Rwanda.

“By building on our previous cooperation, it will help turn Rwanda’s climate-smart agriculture ambitions into tangible results for farmers, rural communities and future generations,” she stated.

Minister of Agriculture and Animal Resources, Dr. Telesphore Ndabamenye, said the funding will complement the country’s existing programmes, including irrigation, increasing production in food basket sites, and soil conservation agrculture.

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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 complement existing global rating firms while expanding coverage of African companies, municipalities, and local-currency debt markets.

The post Africa’s first continental credit rating agency set to be launched in October appeared first on Mount Kigali University E-Magazine.

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 of Crime Intelligence and Counter Terrorism at the Rwanda Investigation Bureau (RIB).

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