In a landmark decision poised to shape the future of African development financing, Dr. Sidi Ould Tah, a seasoned Mauritanian economist and development financier, has been elected as the new President of the African Development Bank (AfDB). He will officially assume office on September 1, 2025, succeeding Dr. Akinwumi Adesina, whose decade-long tenure has been […]
Continue Reading
Kigali, one of Africa’s fastest-growing cities, is on the cusp of a major urban mobility transformation. At the centre of this change is the Kigali Urban Transport Improvement (KUTI) Project—an ambitious, multimillion-dollar initiative designed to streamline the city’s transport network, reduce congestion, and boost public transport accessibility. Backed by a $100 million loan from the […]
Continue Reading
If you are a road user and vehicle owner in Rwanda, you could start paying a bit more for fuel and registering your vehicle—but it is all part of a national plan to improve roads and transport systems. The government has introduced new infrastructure-related taxes as part of the 2025 tax reform to help raise […]
Continue Reading
As Rwanda continues pushing toward a greener economy, hybrid vehicles have long benefited from a favourable tax regime—import duty, VAT, and excise duty exemptions. However, under the new tax reforms effective fiscal year 2025/2026, this incentive structure is changing, particularly for those considering purchasing older hybrid models. What’s changing? According to the latest tax reform […]
Continue Reading
In the quiet hours of May 28, 2025, Africa lost not just a man, but a voice — a fierce, unwavering voice that echoed across continents and generations. Ngũgĩ wa Thiong’o, the Kenyan writer, intellectual, and conscience of a decolonising continent, passed away at the age of 87. From the red soil of Limuru, Kenya, […]
Continue Reading
A physically happy man with an ever-smile on his face, Willy Manzi Ngarambe exudes warmth, strength, and a sense of optimism that instantly captures the hearts of those who meet him. But behind that smile lies a reservoir of pain and resilience — scars carved deep into his soul by decades of conflict, displacement, and […]
Continue Reading
In a bold move reflecting confidence in its economic trajectory, Rwanda has announced a significant 21% increase in its national budget for the 2025/2026 fiscal year. The proposed budget stands at Rwf 7.03 trillion (approximately $5.01 billion), up from Rwf 5.82 trillion in the previous fiscal year. Finance Minister Yusuf Murangwa presented the Budget Framework […]
Continue Reading
Rwanda’s economy grew by 9.2% in the first quarter of 2023, the National Institute of Statistics of Rwanda (NISR) body announced on Monday. In a press conference organized by the Ministry of Finance and Economic Planning together with the Statistics body (NISR), it was announced that the economic growth was hugely attributed to the service […]
Continue Reading
The Basketball Africa League (BAL) and the Rwanda Development Board (RDB) today announced a multi-year extension of their existing collaboration that will see the BAL continue to play games at BK Arena in Kigali, Rwanda each season, including the BAL Playoffs and Finals in 2024, 2026 and 2028. The BAL and RDB will also collaborate […]
Continue Reading
Accra, Ghana (Rwanda Press) – The African Export-Import Bank (Afreximbank) yesterday launched its wholly owned subsidiary Insurance Management Company (AfrexInsure) in Accra, Ghana. AfrexInsure was established to facilitate access to speciality insurance solutions for trade and trade-related investments across Africa. The launch of AfrexInsure was announced, Sunday, by Afreximbank Executive Vice President for Intra-African Trade, […]
Continue Reading