Author: Nicole Kamanzi Muteteri

  • BK and Kivu Choice seal Frw 5 billion deal to boost Rwanda’s aquaculture

    BK and Kivu Choice seal Frw 5 billion deal to boost Rwanda’s aquaculture

    Agriculture remains the backbone of Rwanda’s economy, and the Bank of Kigali is playing a crucial role in supporting its modernization. By providing financing solutions to innovative enterprises like Kivu Choice, BK is helping to enhance food production and affordability.

    The aquaculture sector, in particular, holds immense potential to provide sustainable, nutritious foods to Rwandans while creating jobs and supporting rural livelihoods. This partnership will enable Kivu Choice to expand its production capacity and make nutritious fish products more accessible to communities across the country.

    Speaking at the signing ceremony, Dr. Diane Karusisi, CEO of the Bank of Kigali described the partnership as a transformative step for Rwanda’s agricultural sector.

    “By supporting innovative businesses in aquaculture, we are helping to ensure affordable, sustainable nutritious foods for our people while also driving rural development. At Bank of Kigali, we believe that investing in agriculture is not just about growing food—it’s about fostering inclusive economic growth and building resilience in the communities that depend on it,” she stated.

    Kamran Ahmad, Founder and CEO of Kivu Choice, emphasized the importance of the partnership for their mission.

    “Our partnership with BK will allow us to significantly expand our equipment and infrastructure capacity so that we can continue to scale at pace to serve more of the market. We’re grateful for the opportunity to work closely together to tackle food and nutrition security; this investment takes us one step closer to making our products accessible and affordable across the entire country,” he noted.

    In addition to expanding production capacity for Kivu Choice, this partnership also aims at financing the whole value chain to ensure the wider aquaculture industry benefits from it.

    With 350 employees growing to 1,200 in 3 years, over 200 suppliers, and 3000 traders, this partnership will also target supplier and trader financing.

    As part of its strategic focus on agricultural financing, Bank of Kigali continues to develop tailored financial solutions that support the sector’s modernization and resilience. From providing accessible financing to agribusinesses to offering customized financial products for farmers, BK ensures that the agriculture industry receives the necessary support to thrive.

    {{About Bank of Kigali Plc}}

    Established in 1966, Bank of Kigali is Rwanda’s largest financial institution. As a leading commercial bank, it provides a wide range of services, including digital banking, to over 500,000 customers through an extensive branch network and digital platforms. BK is committed to fostering innovation and economic growth through targeted financial solutions for individuals, SMEs, and corporations.

    {{About Kivu Choice Ltd}}

    Kivu Choice is a vertically integrated Aquaculture company based in Rwanda with associated feed mill, hatchery, cage production, distribution, and sales outlets. Founded in 2021, and now producing over 500 thousand fish meals a month, the company is positioning itself as Africa’s fastest growing fish farm, with a mission to democratize access to animal protein by radically increasing affordability and supply across the region.

    Kamran Ahmad, Founder and CEO of Kivu Choice and Dr. Diane Karusisi, CEO of the Bank of Kigali after inking the deal.
    Representatives from both sides in a group photo after inking the deal.
    The recemony took place on October 10, 2024.
    Dr. Diane Karusisi, CEO of the Bank of Kigali described  the partnership as a transformative step for Rwanda’s agricultural sector.
    Kamran Ahmad, Founder and CEO of Kivu Choice welcomed the partnership
    Kamran Ahmad, Founder and CEO of Kivu Choice and Dr. Diane Karusisi, CEO of the Bank of Kigali at the ceremony
  • President Kagame, Dr. Kaseya discuss Rwanda’s preparedness to contain Marburg virus

    President Kagame, Dr. Kaseya discuss Rwanda’s preparedness to contain Marburg virus

    The Rwandan Presidency confirmed the development through its X account, noting that both leaders also “exchanged on various strategies to help enhance disease prevention as well as building increased capacity for manufacturing of vaccines and medical kits on the continent.”

    Dr. Kaseya is in Rwanda where he is attending the African Continental Free Trade Area (AfCFTA) business forum, branded ‘Biashara Africa.’

    During his visit, he reassured the nation of Africa CDC’s commitment to supporting Rwanda in its fight against the Marburg virus.

    In addition to his meeting with President Kagame, Dr. Kaseya also held discussions with Rwanda’s Minister of Health, Dr. Sabin Nsanzimana, commending the government’s proactive approach to controlling the outbreak.

    He expressed optimism that the virus would be contained soon, given the ongoing efforts.

    Rwanda reported its first case of the Marburg virus on September 27, 2024. As of October 11, 58 people have been infected, with 15 having recovered. No new cases have been reported in the last two days.

    Authorities have urged Rwandans to continue following preventive measures, such as avoiding close contact with symptomatic individuals and practicing proper hygiene.

    In response to the outbreak, the government has also rolled out a vaccination program targeting high-risk individuals, with 346 doses administered so far.

    The Marburg virus disease presents symptoms such as severe headaches, weakness, fever, watery diarrhea, and abdominal pain. Anyone experiencing these symptoms or observing them in others is encouraged to report to health authorities immediately.

    Beyond addressing the current outbreak, Rwanda remains committed to long-term solutions for pandemic preparedness.

    The BioNTech vaccine manufacturing plant, which began its first phase in Kigali in December 2023, is part of these efforts.

    Once fully operational, the plant is expected to produce 50 million vaccine doses annually, significantly boosting the continent’s capacity for disease prevention.

    President Paul Kagame has met with Dr. Jean Kaseya, Director General of the Africa Centers for Disease Control and Prevention (Africa CDC) with whom they discussed Rwanda’s preparedness in containing the spread of the Marburg virus.
  • Former Minister Col (Rtd) Dr. Joseph Karemera passes on

    Former Minister Col (Rtd) Dr. Joseph Karemera passes on

    During the liberation war, Dr. Karemera was on the frontlines as a doctor, treating wounded soldiers.

    His contributions continued post-war, as he became Rwanda’s first Minister of Health after the 1994 Genocide against the Tutsi.

    In this role, he made bold decisions, including permanently banning doctors from practicing in Rwanda if they were found guilty of serious offenses. His tenure was marked by a steadfast commitment to restoring integrity and trust within the health sector.

    A long-time member of the Rwandan Patriotic Front (RPF), Dr. Karemera spent 40 years in exile before returning to his homeland.

    He frequently spoke about the driving forces behind the RPF’s victory, emphasizing their deep love for Rwanda and their determination to dismantle the oppressive regime.

    Reflecting on the RPF’s success, he once stated, “Our strong will, commitment, and determination to uproot dictatorship in our country gave us strength to defeat the enemy.”

    As Minister of Education, Dr. Karemera’s leadership was equally uncompromising. He focused on improving the quality of education and addressing issues of negligence by both teachers and students.

    Under his watch, numerous school head teachers were dismissed for poor performance, and students involved in cheating faced severe disciplinary measures, including expulsion or suspension, some lasting up to three years.

    In one of his most impactful decisions, Dr. Karemera ordered the annulment and recall of certain high school diplomas, citing irregularities in their issuance.

    Former Minister Col (Rtd) Dr. Joseph Karemera has passed on.
  • DR Congo holds funeral for victims of recent ferry accident

    DR Congo holds funeral for victims of recent ferry accident

    The burial of 11 identified bodies of Goma residents killed after the ferry “MV MERDI” capsized on Lake Kivu a week ago took place at the Makao cemetery. At least 87 people were killed last Thursday after the ferry capsized near the port of Kituku, according to a provincial government report that did not specify the number of people on board.

    The ferry broke into three pieces and is currently at a depth of about 198 meters in Lake Kivu, said Jean Romuald Lipopo, vice-governor of the province, who was present at the funeral, noting that the methane gas in Lake Kivu has hampered search efforts.

    The ferry, coming from Minova in the province of South Kivu, sank hundreds of meters from the port after failing to withstand the speed of a violent wave, according to sources at the port of Kituku. Local sources reported a “significant overload” of the ferry.

    The land route between Goma and Minova has been cut off for months due to hostilities between armed groups and the DRC military. Cases of shipwrecks are frequently recorded on Lake Kivu due to strong winds and overloading.

    Pallbearers stand in front of coffins during a funeral for victims of a recent ferry accident in Goma, the capital of the North Kivu Province in the eastern Democratic Republic of the Congo (DRC), on Oct. 10, 2024. (Photo by Zanem Nety Zaidi/Xinhua)
  • Car prices soar in Rwanda

    Car prices soar in Rwanda

    For instance, a 2012 Kia Sorento with a 3.3-liter engine, which was valued at $26,399 when imported in January, now has an estimated value of $28,838.

    Similarly, a 2012 Kia Sportage with a 3.5-liter engine, previously valued at $25,139, has seen its price jump to $29,260, representing an increase of over $3,000.

    This rise in car prices inevitably affects the taxes owed, as taxes are calculated based on the vehicle’s current market value and its age.

    To provide a clearer picture, consider a 2012 Kia Sportage that is assessed as being 12 years old when it arrives at customs in Rwanda.

    While its initial value was set at $25,139, tax authorities previously valued it at $5,027, considering depreciation. Today, when the same vehicle arrives at customs, its value is calculated at Frw 8,415,408 (Rwandan Francs).

    This value is then used to calculate the tax, which amounted to Frw6.2 million, bringing the car’s total value to Frw14 million. With the current pricing, the car is now valued at $29,260, and its tax will be Frw 7.6 million, meaning an increase of approximately Frw 1.4 million.

    This pattern is consistent across nearly all vehicles, with price increases observed in comparison to the values calculated earlier in the year. These new prices were implemented on September 3rd.

    A notable example of this trend is a popular car in Rwanda, the Mercedes Benz C200 from 2014 with a 2.0-liter engine.

    Earlier in the year, this vehicle was valued at $24,629, but today, its price has soared to $37,000, reflecting an increase of over $12,000.

    Other vehicles have experienced similar increases. For instance, the price of a 2011 Benz C200 with a 1.8L engine and 4WD, which was previously valued at $24,464, has now risen to $32,166.

    A 2003 Toyota Rav4 with a 2.0L engine saw a price increase from $18,229 to $19,113. The cost of a 2013 Kia Cadenza/K7 with a 2.0L engine jumped from $25,074 to $26,714, while the price of a 2013 Kia K5 with a 2.0L engine surged from $18,991 to $24,317.

    Similarly, a 2013 Hyundai Tucson with a 2.0L engine increased from $18,802 to $22,814, and a 2013 Toyota Camry with a 2.5L engine rose from $20,535 to $24,317.

    The sudden increase in car prices has sparked concern among car dealers in Rwanda, especially for those who have vehicles already in customs.

    The new prices apply not only to newly imported cars but also to vehicles already awaiting clearance.

    One car dealer shared their frustration, saying that the Rwanda Revenue Authority (RRA) has insisted that the new prices must be adhered to, even though they were unexpected and many dealers were unprepared.

    The dealer pointed out that if someone had ordered a car with a specific budget in mind, they would now find that the taxes they anticipated paying have changed.

    Another dealer shared an example, noting that they had ordered a car expecting to pay Frw 13 million in taxes, only to discover that the tax had increased to Frw 20 million.

    In response to these concerns, the Rwanda Revenue Authority has clarified that the changes in car prices are normal and legal adjustments aimed at aligning prices with current exchange rates.

    According to Jean Paulin Uwitonze, the Deputy Commissioner for Taxpayer Services and Communication at RRA, the fluctuations in car prices used for tax calculations are primarily driven by changes in exchange rates and increases in sea freight costs, which are factored into the calculation of customs duties.

    The RRA regularly reviews vehicle prices to ensure they match those provided by manufacturers, and that taxes are calculated accurately based on the latest market values.

    Car prices soared in Rwanda effective September 2024.
  • Rotary Club Kigali Seniors offers financial support to former street vendors

    Rotary Club Kigali Seniors offers financial support to former street vendors

    After leaving street vending, these women formed three cooperative groups—Inkingi Rugando, Tugane Heza, and Terimbere Mutegarugori—to improve their livelihoods.

    Together, they saved money to build a small market in Rugando.

    On Wednesday, October 9, 2024, Rotary Club Kigali Seniors handed over the Frw2.8 million donation to support the women’s development efforts.

    Aimable Rumongi, the president of the Rotary Club Kigali Seniors, shared that they were inspired by the women’s initiative and decided to offer financial support to help them expand their businesses.

    “We decided to support these women after learning about their determination to leave street vending behind. Initially, we thought of covering their community-based health insurance, but later decided it would be better to support their business ideas, allowing them to become self-reliant and pay for their own health insurance,” said Rumongi.

    He added, “These women currently sell fruits, vegetables, and charcoal, and they even have ambitions of importing goods from Dubai. Beyond this donation, we will continue offering guidance to ensure they manage their businesses effectively.”

    Ayinkamiye Judithe, who leads two of the women’s groups, expressed gratitude for the donation, noting that it will significantly increase their capital.

    “This support will make a real difference. Previously, members received small amounts of money from our savings due to limited funds. Now, with this contribution, each member will receive more substantial amounts to grow their businesses and improve their livelihoods,” she said.

    The women, who invested Frw7 million to build their market in Rugando, faced significant challenges during the COVID-19 pandemic, which severely impacted their operations. The Rotary Club’s support is expected to play a crucial role in reviving their businesses.

    Bernard Bayasese, Executive Administrator of Gasabo District, praised the Rotary Club’s generosity, emphasizing the importance of community support in fostering development.

    “I appreciate Rotary for helping these mothers. Progress comes from lifting one another up and aligns with the government’s policy of finding homegrown solutions,” he said. He also encouraged the women to continue working in groups, as it increases their chances of receiving assistance.

    Rotary Rwanda consists of 12 clubs, including Rotary Club Kigali Seniors and others such as Rotary Club Kigali, Rotary Club Butare, and Rotary Club Kigali Mont Jali.

    Rotary International is a non-profit organization engaged in charitable work globally, focusing on supporting vulnerable communities, providing access to clean water, fighting epidemic diseases, and contributing to social welfare initiatives.

    Rotary Club Kigali Seniors handed over the Frw2.8 million donation to support the women’s development efforts on Wednesday, October 9, 2024.
    Participants of the event in a group photo.
    Aimable Rumongi, the president of the Rotary Club Kigali Seniors
    Bernard Bayasese, Executive Administrator of Gasabo District, praised the Rotary Club’s generosity.
    Ayinkamiye Judithe, heading two of the women’s groups, expressed gratitude for the donation, noting that it will significantly increase their capital.
  • Africa CDC calls for local manufacturing of medical supplies to prepare for disease outbreaks

    Africa CDC calls for local manufacturing of medical supplies to prepare for disease outbreaks

    Speaking at the African Continental Free Trade Area Business Forum held in the Rwandan capital of Kigali, Kaseya emphasized the need for Africa to produce its own vaccines, drugs, and diagnostics.

    “We are tired. Every time there is an outbreak, we go into panic mode, and we have to start begging the world for vaccines, drugs, and diagnostics. It was the case with mpox, it was the case before with COVID-19, and it is still the case with Marburg,” Kaseya said, calling for decisive action to manufacture medical countermeasures within the continent.

    His remarks came amid the ongoing Marburg virus disease (MVD) outbreak in Rwanda, where 58 confirmed cases, including 13 deaths, have been reported, according to the latest data released by the Rwandan Ministry of Health on Tuesday.

    Despite Rwanda’s robust response to the outbreak, Kaseya criticized the recent travel advisory issued by the United States, which urges its citizens to reconsider travel to Rwanda due to the virus.

    “The Level 3 status issued by the United States regarding the Marburg outbreak in Rwanda is unfair and unacceptable, especially for a country that is doing more than any of us. This decision is not evidence-based. I am impressed by Rwanda’s efforts in containing the Marburg outbreak. There is nothing more that can be done that Rwanda is not already doing,” he said.

    Kaseya praised Rwanda’s management of the Marburg outbreak, saying, “Rwanda is making us proud as Africans. Rwanda is a model for all of us on how to manage these kinds of outbreaks.”

    MVD is a highly virulent disease that causes hemorrhagic fever, with a fatality rate of up to 88 percent. It belongs to the same family of viruses that causes Ebola virus disease, according to the World Health Organization. MVD symptoms include high fever, severe headaches, and malaise, typically developing within seven days of infection.

    Jean Kaseya, director general of the Africa Centers for Disease Control and Prevention (Africa CDC).
  • Xi encourages Red Cross Society of China to enhance humanitarian services

    Xi encourages Red Cross Society of China to enhance humanitarian services

    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a letter to the RCSC on the occasion of its 12th general congress, which opened in Beijing on Wednesday.

    President Xi Jinping has encouraged Red Cross Society of China to enhance humanitarian services
  • Rwanda’s inflation rises by 2.5% in September

    Rwanda’s inflation rises by 2.5% in September

    According to NISR, the CPI for September 2024 increased by 1.2 percent compared to August 2024.

    Prices for ‘Food and Non-Alcoholic Beverages’ decreased by 4.5% on an annual basis, but saw a monthly increase of 2.5%.

    The ‘Housing, Water, Electricity, Gas, and Other Fuels’ category also recorded a 4% increase year-on-year, with a slight monthly rise of 0.1%. Transportation costs surged by 18.2% annually, with a modest monthly increase of 0.1%.

    Additionally, the data show that prices for “local products” rose by 1.3% year-on-year and 1.5% month-on-month. Meanwhile, “imported products” saw a 6.3% increase annually and a 0.4% rise on a monthly basis.

    Prices for “fresh products” decreased by 4.3% year-on-year but experienced a significant monthly increase of 4.7%. In contrast, “energy” prices increased by 2.7% annually but dropped by 1.5% month-on-month.

    Excluding fresh products and energy, the general index increased by 5% on an annual basis and 0.4% on a monthly basis, highlighting the broader inflationary pressure in the economy.

    NISR has reported that consumer prices increased by 2.5% year-on-year in September 2024.
  • Nine drivers, taxi-moto operators arrested for attempting to bribe Police officers

    Nine drivers, taxi-moto operators arrested for attempting to bribe Police officers

    Since the beginning of this month, Police reports, nine drivers and taxi-moto operators have been arrested for attempting to bribe Police officers.

    The nine suspected had no driver’s license, roadworthy certificate, insurance; others were driving or riding under the influence of alcohol and other violations that affect the traffic flow.

    The RNP spokesperson, Assistant Commissioner of Police (ACP) Boniface Rutikanga, said that fighting bribery is part of the ongoing national Gerayo Amahoro road safety campaign to prevent any practices that can be the source of accidents and loss of lives.

    “Road safety means maximum respect for traffic rules and regulations, including having all the required traffic related documents and being in the right state of mind for you to drive or ride. This also includes fighting criminal practices like offering or receiving bribes, which influence motorists to operate recklessly leading to fatal accidents. The nine suspects were arrested as part of the strengthened operations against bribery,” ACP Rutikanga said.

    The spokesperson reiterated the need to fight all forms of corruption. “The operations against corruption involves arresting those who give and receive bribes. We urge motorists to also report any Police officer, who solicit bribes by calling the Police toll-free line 997 or other known Police communication channels.”

    He advised that offering a bribe when caught in traffic violations turns it into a crime punishable by law.

    Article 4 of the Law on Fighting Against Corruption specifies that any person, who offers, solicits, accepts or receives, by any means, an illegal benefit for himself/herself or another person in order to render or omit a service under his or her mandate, commits an offense

    Upon conviction, the offender is liable to imprisonment for a term of more than five years but not more than seven years, with a fine of three to five times the value of the illegal benefit solicited or received.