Press Releases

Press Releases

16.06.2017 Rwanda welcomes the G-20 Compact with Africa Initiative

Rwanda has welcomed the G20 for Compact with Africa (CWA), an initiative that supports reliable financial framework in order to increase investment opportunities, push for more sustainable infrastructure as well as create jobs...[more]

09.06.2017 Made in Rwanda and Infrastructure given priority in 2017-18 Budget

Government will increase spending by Frw 140.7 billion from Frw 1,954.2 billion indicated in the 2016/17 revised budget to Frw 2,094.9 billion in the 2017/18 fiscal year, the Minister of Finance and Economic Planning has said....[more]

24.03.2017 Dr. Kim calls for increased private sector role in Development

World Bank president Dr. Jim Yong Kim on Wednesday said that Rwanda’s approach to encourage private sector investment was a sure way to build resilience and maintain growth.   During a public lecture held on the theme...[more]

21.03.2017 World Bank President hails Rwanda’s use of technology to tackle development challenges

Rwanda's use of technology to tackle development challenges is something other developing countries should emulate -the World Bank President Dr. Jim Yong Kim has said. Dr. Jim Yong Kim, who is in the country for a two day...[more]

21.03.2017 I&M Bank IPO is oversubscribed by 209%

KIGALI, Rwanda- The Government of Rwanda through the Ministry of Finance and Economic Planning (MINECOFIN) is pleased to announce that the Offer for Sale of its stake of 19.81 percent in I&M Bank (Rwanda) Limited to the...[more]

16.03.2017 Standard & Poor’s affirms Rwanda’s ratings as a B, outlook stable

On Friday March 10th, Standard & Poor’s (S&P) published its updated rating of Rwanda. S&P affirmed their rating of Rwanda’s long-term foreign and local currency sovereign credit ratings B whilst also reconfirming...[more]

16.03.2017 Rwanda’s economy grew by 5.9% in 2016

Rwanda’s Economy registered 5.9% growth in 2016 product at current prices estimated at Frw 6,618 billion, up from Frw5,956 billion in 2015 according to figures released by the National Institute of Statistics of Rwanda...[more]

09.03.2017 Government - World Bank sign agreement to Support Increased Results in Rwanda’s Agriculture and Livestock Sectors

Kigali 9 March;2017 – The Government of Rwanda and World Bank Group  today signed a US$ 46 Million (approximately Frw) International Development Association (IDA) additional credit to support the government’s efforts to...[more]

20.02.2017 Closing of offer of Government shares in I&M Bank (Rwanda) Ltd. extended to March 10, 2017

The Offer for Sale of 19.81% shareholding held by the Government of Rwanda in I & M Bank (Rwanda) Ltd., that was launched on the 14th February and meant to close on 03 March 2017, has been receiving enthusiastic investor...[more]

16.02.2017 Rwanda receives € 10 million to support electricity access roll out

Kigali February 16, 2017-The Government of Rwanda and the Kingdom of Belgium today signed a financing agreement worth € 10 million (approximately Frw 8.7 billion) to support electricity access roll-out program (EARP) through...[more]

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