News from KT Press:
Rwanda Stocks Selling Like Hot Cakes, Reports KT Press
KIGALI, Rwanda, April 21, 2015 /PRNewswire/ — Rwanda capital market is experiencing a rapid growth as evidenced by investors' thirst for acquiring stakes in local and government bonds. A few weeks ago, Kenya's Equity Bank listed over 3.6 billion shares on Rwanda's Stock Exchange, (RSE). This capitalised the market from $2.1 billion to $4.2 billion. Crystal […]
President Kagame Expected in Paris for Major UN Conferences, Reports KT Press
PARIS, March 10, 2015 /PRNewswire-USNewswire/ — President Paul Kagame is expected in Paris, France on Thursday where he will attend a closed door Broadband Commission meeting. The Broadband Commission, UN Secretary-General Ban Ki-Moon's baby project to drive the Millennium Development Goal for Digital Development, is co-chaired by Kagame and Mexican tycoon Carlos Slim. During the […]
ITU Declares Rwanda a Business Hotspot for Technology, Reports KT Press
KIGALI, Rwanda, Feb. 6, 2015 /PRNewswire/ — The newly elected Secretary General of International Telecommunication Unions (ITU), Zhao Houlin, says Rwanda is hotspot for ICT businesses. Houlin, who is in Rwanda for a three-day visit, inspected K-lab- an open space for IT entrepreneurs in Rwanda's capital Kigali. Rwanda's ICT infrastructure creates an environment for lucrative business […]
Children in Rwanda Hold a Conference to Discuss their Rights, Reports KT Press
KIGALI, Rwanda, Nov. 21, 2014 /PRNewswire-USNewswire/ — Hundreds of Rwandan children are convening in Kigali to discuss and express views about their rights. More than 500 under-18 children, mobilized from around the country, joined by 20 others from East Africa Community states, are demanding unmet rights. During the summit, broadcast live on state media, children […]
Huge Government Investment Turns Eastern Rwanda into Breadbasket, Reports KT Press
NYAGATARE, Rwanda, Nov. 14, 2014 /PRNewswire/ — The once drought-stricken eastern region of Rwanda with virtually no food crops grown, is no more, some 20-years down the road. Massive government investment has turned it into the biggest source of milk, rice, bananas and maize. President Paul Kagame was there this Thursday (November 13) to appreciate […]
Rwanda Prepares to Switch on Africa's First Peat Fired Power Plant, Reports KT Press
KIGALI, Rwanda, Oct. 24, 2014 /PRNewswire/ — To deal with a biting power deficit, Rwanda is set to start using peat power from Africa's first peat fired plant, by February 2015, KT Press exclusively reports. A Chinese company, Shengli Energy Group Ltd, under supervision of an Indian firm, Punj Lloyd Ltd, is operating the Gishoma peat […]
KT Press Reports on the Growing Israel-Rwanda Love Story
KIGALI, Rwanda, Oct. 17, 2014 /PRNewswire-USNewswire/ — The relationship between Rwanda and Israel is growing stronger day by day. The latest being an experiment by the Rwandan parliament to save about half a million dollars in annual expenses. The parliament will save more than $400,000 annually from collecting and recycling water, use of solar energy, and […]
Rwanda Unveils Multi-Million Dollar Fund for Green Revolution, KT Press Reports
KIGALI, Rwanda, Oct. 13, 2014 /PRNewswire/ — According to KT Press, it has been operating as a pilot project for the last two years during which more than 950 proposals have been received – all aimed at countering the devastating impact of climate change. Rwanda decided to keep it permanent, and the Fund for Environment and […]
East Africa Standard Gauge Railway Gets Closer to Rwanda, Reports KT Press
KAMPALA, Uganda, Oct. 13, 2014 /PRNewswire/ — A Chinese construction company, China Harbor Engineering, has been contracted to build a $13.5b railway to offload the region with costly and slower transport. The standard gauge railway line that will stretch from Kenya to Kampala, Uganda's capital, is expected to bring down journeys to only two days, from […]
Survivors of Genocide in Rwanda Angrily Denounce British TV, Reports KT Press
KIGALI, Rwanda, Oct. 6, 2014 /PRNewswire-USNewswire/ — The British broadcaster BBC is facing fierce criticism following a documentary that claimed the genocide in Rwanda that left more than a million Tutsis massacred was not planned and executed as has been previously known. On the night of 1st October, BBC Two – a UK affiliate of the […]
Kagame Says Africa Needs Integration to Develop Faster, Reports KT Press
DUBAI, United Arab Emirates, Oct. 3, 2014 /PRNewswire/ — President Paul Kagame says Africa needs to embrace regional integration to achieve economic transformation. He said, "African countries standing alone cannot go far." Photo – http://photos.prnewswire.com/prnh/20141002/150068 Kagame was speaking at the 2nd Annual Africa Global Business Forum in Dubai on "Leading the Continent Towards Change". Africa, Kagame […]
Rwanda Lays Off Hundreds to Save Millions of Dollars, Reports KT Press
KIGALI, Rwanda, Oct. 3, 2014 /PRNewswire/ — Rwanda is cutting down the number of civil servants to save more than $5 million of taxpayers' money. Those gotten rid off include deputies, such as deputy director generals and employees contracted on a short-term basis. About 500 employees from 62 institutions will lose their jobs. A deputy director […]
SMART Rwanda Days Returns with a Focus on Digitising the Country, Reports KT Press
KIGALI, Rwanda, Oct. 2, 2014 /PRNewswire/ — Under the theme "Digitising Rwanda" the second edition of SMART Days Rwanda will take place in Kigali, Serena Hotel on 2-3 October 2014, as the country prepares to embark on the last five years of the 2020 vision and re-doubles efforts to achieve the transformation into a knowledge-based economy […]
UN Appoints Rwanda to Champion Post MDGs Projects, Reports KT Press
NEW YORK, Sept. 30, 2014 /PRNewswire/ — The UN has appointed Rwanda to champion post-Millennium Development Goals pilot projects, 15 months before the MDGs hit their deadline. The UN says Rwanda displayed remarkable performance over the last 15 years under the UN development agenda. UN said Rwanda's experience will guide the country to serve as a […]
Tracking the Price Farmers Pay for Rwanda's Premium Coffee
KT Press reports on the hardships faced by the country's coffee industry KIGALI, Rwanda, Sept. 24, 2014 /PRNewswire/ — You could be in London, New York, or Sydney, enjoying a cup of premium coffee; an aromatic cappuccino or espresso. As you take a sip, think of Nsanzumuhire, a 28-year-old Rwandan coffee farmer from a remote village […]
Rwanda's First Lady Jeanette Kagame Pleads for Protection of Adolescent Girls, Reports KT Press
NEW YORK, Sept. 24, 2014 /PRNewswire/ — United Nations – Rwanda's First Lady, Jeanette Kagame, says parents and communities need to discuss reproductive health with adolescents, in order to protect the young generation from sexual-related risks like disease, violence and unwanted pregnancy. "Although it can be uncomfortable for parents to discuss sensitive topics, such as […]
Rwanda's First Lady Jeannette Kagame Advocates for Social Justice, Reports KT Press
KIGALI, Rwanda, Sept. 22, 2014 /PRNewswire-USNewswire/ — Rwanda First Lady Jeannette Kagame, who is visiting United States, has called on the international community to pay attention to the social injustices occurring in different places. Photo – http://photos.prnewswire.com/prnh/20140922/147498 "It is my hope that we can aspire to a world where we are all attentive and mindful […]
Rwanda Hires UK Firm To Roll-Out Solar Energy, Reports KT Press
KIGALI, Rwanda, Sept. 17, 2014 /PRNewswire/ — Rwanda has contracted Ignite Power Ltd, a British company, to provide solar powered electricity to Rwandan households. The company will start with a pilot of 1,000 households in four of Rwanda's 30 districts, including Kamonyi and Gisagara. Francis Gatare, Rwanda Development Board (RDB)'s Chief Executive Officer, said if […]
Kagame Says Nobody Is above the Law in Rwanda
KT Press reports on the President's speech at the official launch of the 2014/15 judicial year KIGALI, Rwanda, Sept. 8, 2014 /PRNewswire-USNewswire/ — Rwanda's President Paul Kagame on Friday warned politicians in his government to ensure there is nobody in Rwanda who should be above the law. He warned them of gratification. "No one is above […]
Rwanda Announces Giveaway Price for Its $21m Bond, Reports KT Press
KIGALI, Rwanda, Aug. 29, 2014 /PRNewswire/ — Rwanda's coupon rate for the Rwf15 billion ($21.8m) bond has been set at upper 11's. The central bank announced on Wednesday the rate is between 11.5% and 11.99%. The rate, described as 'sweet deal' by sector players, was determined by results from a market study. The five-year Treasury […]
Rwanda Aims to Eradicate Cervical Cancer, Giving Women Hope, Reports KT Press
KIGALI, Rwanda, Aug. 27, 2014 /PRNewswire-USNewswire/ — Seraphine Mukandutiye, 50, is a Rwandan woman with a beautiful and glowing smile. But beneath her soft heart and warm smile, lies a deadly monster waiting to strike. She is battling a cervical cancer. The preventable cancer results from a genital infection caused by a Human Papilloma Virus […]
Rwanda Moves to Offer All Public Services Online, Reports KT Press
KIGALI, Rwanda, Aug. 27, 2014 /PRNewswire/ — Rwanda has partnered with a local investor, Rwanda Online Platform Limited, to offer public services electronically. Public services will thus be accessible via internet and mobile devices. The company, with a 25-year contract, will build and operate a platform, after which it will be transferred back to the government. […]
Rwanda Taps Big From US-Africa Summit, Reports KT Press
KIGALI, Rwanda, Aug. 22, 2014 /PRNewswire/ — Leaders of more than 50 African countries are all back home from the first ever US-Africa Summit held in Washington D.C., August 4–6, 2014. For Rwanda, the list of sealed deals is cause for a smile. Marriott Hotel will open a $60 million facility in Kigali early 2015. Connecticut-based […]
United States Pushes for Rwanda-style Peacekeeping Operations, Reports KT Press
KIGALI, Rwanda, July 31, 2014 /PRNewswire/ — The United Nations "should draw lessons from the leadership of Rwanda" as it prepares a comprehensive review of peacekeeping to better protect civilians in conflict hotspots, the United States says. The UN is currently gripped with growing demand to address increased deadly conflicts in various countries such as Central […]
KIGALI, Rwanda, July 25, 2014 /PRNewswire/ — The New Rwanda Handbooks 1 & 2 help foster the spirit and practice of discussion among citizens. They are used in homes, schools, NGOs and government agencies, promoting discussion among citizens as an effective approach to strengthening democracy. The first handbook, "The New Rwanda: Prosperity and the Public Good," […]
Rwandans Expelled from Tanzania Get New Promise of Life in Rwanda, Reports KT Press
KIGALI, Rwanda, July 21, 2014 /PRNewswire-USNewswire/ — Ms Odette Bayagambe, 39, had always considered Tanzania her home, until the afternoon of August 9, 2013 when Tanzanian security operatives attacked her home and forced her to leave the country. "I had just taken goats to graze," she says. "As I stood in the middle of our banana […]
Banks in Rwanda See Profits Margins Growing Rapidly
~ Recovery attributed to monetary and fiscal stimulus policies, reports KT Press ~ KIGALI, Rwanda, July 14, 2014 /PRNewswire/ — Rwanda's banking sector recorded increased profits in the first quarter of 2014, thanks to a cash-hungry economy recovering from the 2013 slump. The sector recorded Rwf700m in total profits during the first three months to hit Rwf8.8 […]
KT Press Analyzes Rwanda's Remarkable Economic Rebound
According to KT Press, Rwanda has experienced unparalleled growth in the first quarter of 2014 KIGALI, Rwanda, July 2, 2014 /PRNewswire/ — Rwanda's economic expansion has set yet another record. After last year's sharp slowdown, it has now returned to strong growth in the first quarter of 2014. Economic growth peaked 7.4% in the first three […]
KT Press Highlights New Visa Restrictions Placed on Rwandans
DR Congo imposes tough visa restrictions on Rwandans that will affect over 36,000 travelers who cross the border daily RUBAVU, Rwanda, June 30, 2014 /PRNewswire/ — The Democratic Republic of Congo (DRC) this week introduced a new Visa policy targeting Rwandans, which regional officials say affects more than 36,000 travelers from both Countries who cross the […]
