The new investor will renovate the facility to tap into growing country's tourism sector   Rwanda's hospitality industry has received a major boost after Uganda's Madhvani Group acquired Umubano Hotel, ending a long-running delay that was hurting the credibility of this facility as well as tourism prospects.   The 4- star facility , with 100 rooms, 14 suites, four conference rooms, a swimming pool, tennis court, and a mini-golf.... Read more »

Posted on : Wednesday , 15th February 2017

Trade and tourism between Rwanda and Mali could flourish following a new bilateral Airspace Service Agreement signed yesterday in Kigali.   Both countries agreed to open their airspace allowing their national carriers to operate without restrictions.   According to the agreement, all air service operations will be conducted under the fifth freedom arrangement, which means an airline has the right to carry passengers from one.... Read more »

Posted on : Wednesday , 15th February 2017

The office space business in the Rwandan capital Kigali is undergoing remarkable innovations as people dash to beat a March 2017 deadline to vacate offices from residential premises.   The directive announced in early January gave businesses and Non-Government Organisations operating in residential premises a three months ultimatum to vacate.   City of Kigali (CoK) authorities say the move is an implementation of the city master.... Read more »

Posted on : Wednesday , 15th February 2017

Ethiopian Airlines has received a $159 million loan from the African Development Bank (AfDB), boosting its expansion plans.   The credit line, backed by the African Trade Insurance Agency (ATI), will enable the airline to expand its fleet as it targets to have 140 aircraft within the next decade from the more than 80 planes in its hangar.   The Ethiopian flag carrier, the fastest growing airline in sub-Saharan Africa, seeks to.... Read more »

Posted on : Tuesday , 14th February 2017

Ethiopian Development Research Institute (EDRI) and Morocco's OCP Policy Center jointly organized the first Ethio-Moroccan Strategic Economic Policy Dialogue here yesterday.   Speaking at the occasion, EDRI Executive Director with a Rank of Minister Mekonnen Manyazewal commended Morocco's OCP Policy Center for the practical steps it has taken to forge partnerships with EDRI.   He said the two partner institutions should further.... Read more »

Posted on : Tuesday , 14th February 2017

African countries are gearing up to accelerate socio-economic development through affordable access to broadband and use of appropriate information and communication technologies (ICTs), under Smart Africa agenda.   Part of this is to find ways to leverage the principles of urban planning and technology solutions to promote efficiency of cities.   Under the 'Smart Cities' initiative, multiple sector stakeholders and industry.... Read more »

Posted on : Tuesday , 14th February 2017

RwandAir has been nominated for the Uganda Tourism Excellence Awards 2017 in the Best Airline category. The national career is competing for the accolade with Ethiopian Airlines. This annual event is designed to promote and reward excellence in the tourism industry to help preserve standards in the sector.   The awards also celebrate the achievements of the tourism industry, recognising hard work and dedication exhibited by individuals.... Read more »

Posted on : Tuesday , 14th February 2017

Simiyu — Various government institutions have teamed up to execute a 250bn/- pharmaceutical industry in Simiyu region, with prospects of saving billions of public funds in importation of medicines.   Regional Commissioner Anthon Mtaka, speaking here yesterday ahead of the region's business forum, told the 'Daily News' that the multibillion project is scheduled to take off this year.   Execution of the project comes as a great.... Read more »

Posted on : Tuesday , 14th February 2017

The government has paid 22bn/- to BAM International Company, which is constructing the Julius Nyerere International Airport (JNIA) Terminal III.   Permanent Secretary in the Ministry of Finance and Planning, Doto James, told reporters yesterday that the ministry conducted a thorough assessment before the payment. He said the money was paid the day after President John Magufuli made an impromptu site visit.   On Wednesday, President.... Read more »

Posted on : Tuesday , 14th February 2017

The government has come up with new measures to meet housing needs in the country, Didier Sagashya, Director General of Rwanda Housing Authority, has said.   While addressing a post-cabinet press conference this week, Sagashya said the government had identified bottlenecks hindering the delivery of low-cost housing, hence devising new procedures to streamline the set targets within the housing sector.   "We informed the.... Read more »

Posted on : Monday , 13th February 2017

The National Housing Corporation (NHC) has launched the sale of 300 housing units at Iyumbu Satellite Centre in Dodoma Region, being built at a cost of 12.3bn/-. Initiated in December 2016, the project is designed to accommodate the government officials and commercial investors, among others.   NHC Director General Nehemia Mchechu said in Dar es Salaam yesterday that the scheme, to be completed in June this year, was set up after the.... Read more »

Posted on : Monday , 13th February 2017

President Mulatu Teshome and Turkey's President Recep Tayyip Erdogan held discussions in Ankara, Turkey.   President Mulatu hailed the discussion they had on wide ranging issues as "fruitful and productive", according to Anadolu, a Turkish news agency.   "We have recognized that additional effort is needed to further strengthen and deepen cooperation through economic interdependence and expanding trade and.... Read more »

Posted on : Monday , 13th February 2017