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Press Releases

17.09.2019 Minister Ndagijimana and Ambassador Hongwei hold bilateral discussions

September 17, 2019: The Minister of Finance and Economic planning, Dr. Uzziel Ndagijimana yesterday received and held bilateral discussions with H. E Ambassador of China to Rwanda RAO Hongwei. The meeting focused on the status...[more]

16.09.2019 Rwanda's Economy registered 12.2% growth in the Second Quarter

September 15, 2019: Rwanda’s economy grew by 12.2% in the second quarter according to figures release by the National Institute of Statistics of Rwanda (NISR). Announcing the economic performance for the second quarter Yusuf...[more]

02.09.2019 Electricity access programs receive US$ 125 Million boost as Government and World Bank sign agreement

Kigali September 2,2019:  The Government of Rwanda and the World Bank today signed a US$125 million (approximately Frw 112 billion) credit agreement to enable expansion of electricity services in Rwanda. The new Rwanda...[more]

19.08.2019 Rwanda’s progress is real and open to scrutiny

From Uzziel Ndagijimana, Minister of Finance and Economic Planning, Rwanda The IMF Article IV Consultation dated July 3 2019 concludes that “Rwanda has made considerable progress in sustaining high and inclusive growth and...[more]

16.08.2019 Rwanda and Japan sign US$ 90 million Financing agreement to improve Nutrition

August 16, 2019: The Governments of Japan and Rwanda signed a concessional loan agreement worth US$ 90 million (approximately Frw 82 billion) to assist Rwanda’s effort to tackle malnutrition in Rwanda. The support will be...[more]

11.08.2019 S&P Global Upgrades Rwanda’s rating to 'B+' On Strong Economic Prospects; Outlook Stable

August 9, 2019: Standard and Poor’s (S&P) Global Ratings raised its long-term sovereign credit rating on Rwanda to 'B+' from 'B'. The outlook is stable. At the same time, it affirmed its short-term sovereign credit rating at...[more]

05.08.2019 Factual correction on an article published in The Atlantic

On August 3, 2019, Stephen Paduano published an article in The Atlantic (“China’s Investments in Rwanda Raise Familiar Questions About Debt”) in which he describes Chinese investments in Africa as a ‘Chinese debt trap’....[more]

01.08.2019 The Government of Rwanda, World Bank Sign US $200 Million to support Human Capital Development

Kigali, August 1, 2018 - The Government of Rwanda and the World Bank today signed a US $200 million (Approximately Frw 180 Billion) credit financing agreement to support Rwanda’s quality basic education for the human capital...[more]

28.06.2019 Research and Institutional Advancement receive Frw 31.5 billion financing

Kigali, June 28, 2019:  The Government of Rwanda, Sweden, and University of Rwanda today signed SEK 330 million (approximately Frw 31.5 billion) to boost research and use of scientific knowledge.Under the “University of...[more]

24.06.2019 Rwanda and China Exim Bank discuss potential areas of cooperation

Beijing, June 24, 2019: The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana today met and held talks with the chairman of China Export Import Bank Ms. Hu Xiaolian. The discussion focused on ongoing and future...[more]

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