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Press Releases

30.07.2018 Tax policymakers and administrators work together to halt illicit financial flows and increase domestic revenues

July 30,2018: Africa’s tax administrators and policy makers should work together to transform tax systems in order for Africa to fund its own development needs through tax revenues, The Minister of Finance and Economic Planning,...[more]

20.07.2018 Rwanda joins Africa50

Rwanda has officially joined Africa50, a Pan African infrastructure platform that was created to bridge the infrastructure gap by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing...[more]

18.06.2018 Rwanda’s economy registered 10.6% growth in first quarter of 2018.

Rwanda’s economy expanded by 10.6% in the first quarter of 2018, where GDP at current market prices was estimated at Frw 1,985 billion, up from Frw 1,816 billion in the previous year.  Announcing the growth numbers for the...[more]

15.06.2018 Industrialization and Job creation among priorities of the 2018-19 Budget

June 14, 2018: Government will increase spending by FRW 328.2 billion from FRW 2,115.3 billion compared to the 2017/18 revised budget FRW 2,443.5 billion in the 2018/19 fiscal year, the Minister of Finance and Economic Planning...[more]

01.06.2018 Government of Rwanda – World Bank Sign Agreement to Support the Transformation of the Agriculture Sector

The Government of Rwanda and the World Bank Group today signed US$100 million equivalent to RWF 86.5 billion credit agreement to improve the capacity of selected national public agricultural institutions to increase the enabling...[more]

01.06.2018 Rwanda and Korea sign US$6 million to develop effective taxation system

Kigali May 31, 2018- The Government of Rwanda and the Korea International Cooperation Agency (KOICA) signed a financing agreement worth USD 6 million equivalent to Frw 5.1 billion for the Project for Enhancement of Electronic...[more]

17.05.2018 Decentralization, TVET and Private Sector receive Frw 29.5 billion boost

Kigali, May 17 2018:  Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning, and The Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, today signed the new agreement on technical...[more]

16.05.2018 Fitch Affirms Rwanda at ‘B+’; Outlook Stable

Fitch Ratings on Friday May 4, 2018 affirmed Rwanda’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook.  Fitch’s review committee said; “The ‘B+’ rating reflects Rwanda’s strong...[more]

15.05.2018 India and Rwanda sign Frw 56 billion to construct Base-Butaro-Kidaho road project

May 15, 2018: The Governments of Rwanda and India today signed a concessional loan agreement worth US$66.60 million (Approximately Frw 56 billion) for the construction of the Base- Butaro-Kidaho road Project. The Minister of...[more]

01.05.2018 Government to focus on National Strategy for Transformation Priorities in 2018-19

The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana yesterday presented to both chambers of parliament, the Budget Framework Paper (BFP) and the midterm budget estimates for 2017/18 -2019/20. BFP is a document...[more]

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