Agri-productivity could improve thanks to a new World Bank Group's credit line.   The Government of Rwanda and World Bank Group yesterday signed a $46 million (approx. Rwf38 billion) loan to support farming across the country.   The money is part of the International Development Association (IDA) funding agreed upon back in 2014.   Amb. Claver Gatete, the Minister for Finance and Economic Planning, and Yasser El-Gammal, the.... Read more »

Posted on : Monday , 13th March 2017

Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition.   The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. The company's turnover fell to Sh38 billion from Sh39.2 billion in.... Read more »

Posted on : Monday , 13th March 2017

Marie-Claire Kayeze sat in front of her home, surrounded by her seven children, clutching a letter.   "They keep moving me," she said angrily. "This is a good home, and I want to stay here."   Kayeze was forced to move to Batsinda, a cheap housing estate in a northern Kigali suburb in 2007 after her old neighbourhood was cleared to make way for a proposed new business district in the Rwandan.... Read more »

Posted on : Monday , 13th March 2017

President Donald Trump spoke on Tuesday with President Uhuru Kenyatta, with the White House saying that the US leader sought to "reaffirm the strong bilateral relationship between our two countries."   The telephone conversation also focused on "economic partnership and mutual dedication to overcoming terrorism and other regional security challenges through close cooperation," a statement from White House.... Read more »

Posted on : Thursday , 9th March 2017

The Addis Ababa Youth and Sports Bureau senior officials and employees pledged to continue financial supporting for Grand Ethiopian Renaissance Dam (GERD) in a recent held meeting.   It was also noted that the Bureau bought bonds worth over 1.3 million Birr through coordinating various government and public wings during the recent bond week.   Bureau Head Nigatu Dagnachew said on the occasion the construction of GERD is well.... Read more »

Posted on : Thursday , 9th March 2017

Rwandan products; coffee and tea featured at the just concluded 2017 International Coffee and Tea Expo that was staged in Singapore between March 2 and 4   According to a statement from the Rwandan High Commission in Singapore, the expo was held alongside the Sweets and Bakes Expo 2017 in which honey produced in Rwanda was showcased.   "In a booth managed by the High Commission, a variety of Rwandan coffee and tea were.... Read more »

Posted on : Tuesday , 7th March 2017

Study for the proposed multinational highway which will link the East African Coastline treading Kenya and Tanzania from Mombasa to Bagamoyo, has been completed.   East African Community (EAC) is finalising plans for the transnational highway, which measures 450 kilometre-long, and expected to cost 600 million US dollars (over 1.2tri/-).   The highway moves from Malindi, through Mombasa and Lunga Lunga on the Kenyan side, before.... Read more »

Posted on : Tuesday , 7th March 2017

Malindi Airport will get an allotment of US $ 146 million in the 2017/2018 fiscal year to execute the current expansion works of the facility to global Standards, parliamentary committee on transport and housing said last week.   The parliamentary committee said the airport received US$ 4.2 million in this fiscal year which ends in June.   Kenya Airports Authority has estimated the grand expansion plans of the airport shall cost a.... Read more »

Posted on : Tuesday , 7th March 2017

US-based aerospace and defence company Boeing International is set to open a Nairobi office as it seeks to tap new Africa deals.   Boeing, which has been weighing options of opening an office either in Kenya or Ethiopia to gain a foothold in the eastern Africa market, will also open another office in Johannesburg, South Africa.   Chamsou Andjorin, the Boeing director of government affairs and market development, will head the.... Read more »

Posted on : Monday , 6th March 2017

Beijing — A Chinese Diplomat has recalled the vital role African countries played in ensuring that the People's Republic of China regained its status at the United Nations, while calling on African journalists to help strengthen the ties between Africa and China.   Alpha Daffae Senkpeni, This email address is being protected from spambots. You need JavaScript enabled to view it.   Li Zhaoxing, President of China Public.... Read more »

Posted on : Saturday , 4th March 2017

Japan International Cooperation Agency (JICA) funded Water supply development project which benefit 91, 000 people at Kibet Town in SNNP state inaugurated Tuesday.   Speaking the multidimensional benefits of the water supply system, Japanese Ambassador to Ethiopia Shinichi Saida said this water supply system is a token of friendship between the two countries. "This project is tangible in improving access to a safe water supply,.... Read more »

Posted on : Saturday , 4th March 2017

The visit of Indian Vice President Hamid Ansari to Rwanda and Uganda is seen as a strategy by the Asian giant to cement its presence in East Africa through trade deals and partnerships in order to rival China and Turkey.   Mr Ansari, accompanied by government officials and businessmen, arrived in Rwanda on February 19 for a three-day visit, during which he signed three agreements that will enhance bilateral ties between the two countries.... Read more »

Posted on : Saturday , 4th March 2017