Rwanda is an associate member of the International Organization of Securities Commissions (IOSCO).
IOSCO is holding its fifth annual World Investor Week (WIW), a global campaign supported by securities markets regulators and IOSCO stakeholders around the world.
From 4th to 10th October 2021, securities markets regulators, stock exchanges, global and regional financial organizations and other stakeholders will conduct an array of educational activities. The aim is to raise awareness of the importance of investor education and protection in participants´ jurisdictions.
The Public Relations and Communications Officer of CMA Rwanda, Magnifique Migisha noted that: “CMA, RSE and all market intermediaries in Rwanda usually complement each other towards various investor education activities. During this year’s World Investor Week, we will conduct digital media and broadcast media campaigns to engage the public into available saving and investment opportunities through the local stock market.”
Mr. Migisha added that: “We shall aim at raising awareness of the importance of investor education and highlight various investor education initiatives in place; in line with CMA and the capital market industry’s mandates to promote investor education and public awareness in Rwanda.”
Rwanda has made impressive strides over the last decade in developing its local capital market, as one of the new sectors in the country with many untapped opportunities.
CMA and the capital market industry have committed to carry out regular public education and awareness initiatives meant to bridge the financial literacy gap targeting retail investors in Rwanda to facilitate an interactive, and educative forum to enable investors to start saving and investing through the local capital market.
The aircraft carrying 280,000 doses of Astra Zeneca vaccine landed at the Kigali International Airport in the morning of Friday 8th October 2021.
Upon arrival, the shipment was received by officials from the Slovak Embassy, the European Union (EU) delegation, Rwanda’s Ministry of health and Ministry of Foreign Affairs.
The delivery of the vaccines has been coordinated through the European Union Civil Protection Mechanism (EUCPM), which Rwanda applied to in order to access the vaccines.
Responding to calls for vaccine justice and solidarity, Slovakia joins the EU in Kigali to donate the vaccines and commends Rwanda’s efforts in fighting the COVID-19 pandemic.
Commenting on the donation; Slovak Ambassador to Kenya, Katarína Žuffa Leligdonová explained that ‘Slovakia has heard loud and clear the calls for vaccine justice’.
“COVID-19 pandemic can only be successfully overcome if we join hands together. That is why Slovakia has joined the EU family in Kigali to provide 280,000 Astra Zenecca vaccine doses to help Rwandan government and people to control this pandemic,” she said.
The Head of Delegation of the European Union to Rwanda, Ambassador Nicola Bellomo also said that the EU is proud to have assisted the arrival of the vaccines through the EUCPM.
“The EU stands in solidarity with Rwanda, both multilaterally by supporting the COVAX facility, but also bilaterally by mobilising vaccines donated by our Member States through the EUCPM, and by working with Rwanda to create the framework necessary to attract foreign investment into vaccines manufacturing in the country,” he said.
The EU finances 75% of the transport costs of the assistance sent through the EUPCM. Through this Mechanism, the EU helps coordinate and finance the delivery of vaccines, medical and protective equipment and other material which are donated by EU Member states across Europe and the world to countries that seek assistance.
Slovakia has reiterated commitment to remain a staunch supporter of international solidarity through multilateralism and the COVAX facility to ensure equitable distribution of vaccines.
Speaking at the United Nations General Assembly two weeks ago, Slovak President Ms. Zuzana Čaputová said that solidarity should be a binding principle, not an option.
RGS is an independent annual publication of the RGB that seeks to gauge the state of governance in Rwanda, comprehensively assesses governance in using both primary and secondary data sources.
It is mainly designed to generate credible and reliable data on governance issues, serves as practical tool that drives policy reform in the domain of governance through the identification of areas for improvement and generates actionable recommendations and to contribute to current and authentic knowledge formation about Rwanda.
The launch of the 8th edition of Rwanda Governance Scorecard 8th attracted participants including members of diplomatic corps, international organizations, representatives of Government institutions, private sector, civil society and academia among others.
The research carried out was entrenched on eight pillars namely; :(1) Rule of Law, (2) Political Rights and Civil liberties, (3) Participation and Inclusiveness, (4) Safety and Security,(5) Investing in Human and Social Development, (6)Control of corruption, Transparency and Accountability, (7) Quality of service delivery,(8) Economic and corporate governance.
Of the eight pillars, six scored above 80%.
The pillar of Safety and Security came on top scoring 95.47% in 2021 from 95.44% of 2020, the Rule of Law performed at 87.08% from 87.86% of last year, Political Rights and Civil liberties scored 83.80 % from 85.76% while Anti-corruption, Transparency and Accountability got 86.77% from 86.28%.
The pillar of Quality of service delivery scored 81.86% from 78.31 of last year, Investing in Human and Social Development scored 75.23% from 73.32%, Economic and corporate governance scored 74.65% from 78.14% while Participation and Inclusiveness performed at 84.19% from 81.96% of last year.
Quality of Service Delivery has emerged the most improved pillar with an increase of 3.55%. It is the first time this pillar scores above 80% since the inception of RGS in 2010. The improvement in this pillar is attributed to the use of ICT in service delivery which improved by 5.07%.
Among others, Economic and Corporate Governance is the least performing pillar at 74.65%. As he made the presentation; the CEO of RGB, Dr. Usta Kaitesi explained that the decline by 3.49% resulted from the effects of the Covid-19 pandemic to national economy.
Speaking at the launch of the 8th edition of RGS on Friday 8th October 2021, the Deputy CEO of RGB, Dr. Emmanuel Niyibishaka highlighted that the RGS 8th Edition gives a comparative analysis with the previous editions and gives a snapshot of the variations that have occurred in pillars performance since the 1st edition.
He also emphasized that the improvement or decline in pillar performance is not about figures; rather the reality on the ground.
As he delivered key note address, the One UN Resident Representative in Rwanda Dr. Fode Ndiaye commended RGB for keeping the regularity to produce the index despite challenges of Covid-19 pandemic.
He also extolled Rwanda for producing Rwanda Governance Scorecard considering it ‘the most comprehensive national index on the African continent that consistently assesses the state of governance in the country’.
Ndiaye also highlighted that RGS uses a comprehensive methodology that particularly values the voices of the citizens through different surveys used as sources of data.
“By including citizens’ perception, the RGS does not only consider expectations and analysis of governance trends, but also makes people at the center of the assessment, thus, representing the views of experts and citizens,” he said.
“The impact of RGS as a national assessment tool transcends the national level to play an important role in the context of renewed multilateralism and the UN decade of action to speed up the implementation of the shared commitment for sustainable development,” added Ndiaye.
Safety and security has maintained the lead since the inception of RGS.
Rwanda’s Presidency has revealed that the two envoys were hosted at Village Urugwiro on Thursday 7th October 2021 afternoon.
Amb. Lulit Zewdie Gebremariam has been representing Ethiopia to Rwanda for almost four years since January 2018.
Amb. Ernest Jumbe Mangu had assumed duties in 2018 before he was recently replaced by Major General Richard Mutayoba Makanzo who previously served as Tanzania’s Navy Commander.
Throughout their tour of duty, the two ambassadors have played a critical role to reinforce bilateral relations and cooperation in the areas of economy and diplomacy among others.
Rwanda’s Presidency has via Twitter handle revealed that the meeting discussed key areas of cooperation between the two countries.
Kagame received the delegation one day after the Government of Rwanda and Mozambique signed Memorandum of Understanding (MoU) to promote trade, attract and facilitate investments in the two countries.
The MoU was signed on Wednesday 6th October 2021 between the Rwanda Development Board (RDB) and Investment and Export Promotion Agency (APIEX) on behalf of Mozambique.
During the ceremony; Mozambique was represented by the Minister of Industry and Commerce, Carlos Alberto Fortes Mesquita; Presidential Adviser, Omar Ossumane Momade Mitha and Luis João Matsinhe, the National Director of Studies and Economic Analysis at the Ministry of Planning and Development among others.
Meanwhile, Rwanda was represented by senior economic advisor to the President of the Republic, Francis Gatare; Minister of State in the Ministry of Finance and Economic Planning , Richard Tusabe and the Permanent Secretary at the Ministry of Trade and Industry among others.
At the time, Rwanda showcased investment opportunities to the visiting delegation from Mozambique and took them through different incentives to provide favorable business environment for Rwandans and foreigners.
The delegation comes to Rwanda following Kagame’s two-day state visit to Mozambique recently in September 2021.
Fabrice Kwizera and Justin Irakoze were arrested red-handed on Wednesday, October 6, while forging definitive driver’s licenses.
The Western region Police spokesperson, Chief Inspector of Police (CIP) Bonavanture Twizere Karekezi said that the suspects were at the time producing permits for Category B.
“Police received information from residents in Pera about people, who were in a house falsifying driving licence
Police went to the said house where Kwizera and Irakoze were found forging definitive driver’s license,” CIP Karekezi said.
One of the forged driver’s license the duo was caught with was in the names of Fabrice Kwizera, who was arrested at the scene.
“They had one genuine permit, which they were using to forge others. They also had a computer laptop, which they were using to change names and code numbers of the scanned genuine permit before printing fake ones,” CIP Karekezi said.
Kwizera had paid Irakoze Rwf20, 000 to get him a forged Category B driver’s license.
CIP Karekezi urged the public to follow due process to obtain a driver’s license instead of taking criminal shortcuts.
He further commended residents, who shared information leading to the arrest of the suspects.
Kwizera and Irakoze were handed over to RIB at Muganza station for further legal process
Article 276 of the law determining offences and penalties in general states that, any person who, in any manner, forges or alters documents by forged signature or fingerprint, falsifying documents or signatures or impersonation, forging agreements, its provisions, obligations, or discharged obligations, commits an offence.
Upon conviction, he/she is liable to imprisonment for a term of not less than five (5) years but not more than seven (7) years and a fine of not less than Rwf3 million and not more than Rwf5 million or only one of these penalties.
The statement released last night also shows that one person succumbed to COVID-19 bringing the death toll to 1297, two recovered while seven are critically ill. The deceased is a woman aged 76 from Rubavu district.
A total of 1,691,938 have been fully vaccinated while 2,137,486 received the first dose of COVID-19 since Rwanda began countrywide inoculation program on 5th March 2021.
Coronavirus symptoms include coughing, flu, and difficulty in breathing. The virus is said to be transmitted through the mucous membranes of the respiratory tract.
Rwandans are urged to adhere to COVID-19 health guidelines, washing hands frequently using soaps and safe water, wearing face masks and respecting social distancing.
MTN Home Fibre is part of MTN Rwanda’s Connected Home initiative that aims to provide customers with high speed internet connectivity in their homes, underpinning its vision to lead digital solutions for Rwanda’s progress.
The company announced the launch of MTN Home Fibre in five residential areas as a first phase of many; with more residential areas to be connected before the end of the year.
“We first launched Home Connectivity last year to cater for the growing need for our customers to work, study and enjoy entertainment from home. Since then, we have been constantly looking for ways to evolve and provide better service to our customers. From the Fixed Wireless technology (P2P) services that we were initially providing, we are happy to announce the launch of MTN Home Fibre which delivers higher speed at more affordable prices,” said Didas Ndoli, MTN Rwanda General Manager Entreprise Business.
Customers can subscribe to MTN Home Fibre at Rwf 20,000 to enjoy 15MBps or at Rwf 40,000 to enjoy 50MBps internet speed. Additionally, as part of the launch, MTN Rwanda is offering all new Home Fibre customers residing in Bumbogo Hill, Umucyo Estate, Kagugu, Gacuriro (Vision 2020 Estate) and Gahanga (Nunga Estate), a 2 week free trial period coupled with free installation and router. This special offer will be extended to more locations as the company expands its Home Fibre footprint.
Customers who would like to connect to MTN Home Fibre can contact the MTN Rwanda Sales team on the toll-free line 3111 or send an email to Sales.RW@mtn.com. The company also announced that customers would benefit from 24/7 customer service, dedicated technical support and will be able to make payments digitally via MTN MoMoPay by dialing *182*8*1*800000#.
{{About MTN Rwandacell PLC}}
MTN Rwandacell PLC (MTN Rwanda) is the market leader in mobile telecommunications in Rwanda. Since 1998, we have continuously invested in expanding and modernising our footprint and are the country’s No 1 network. MTN Rwanda offers various innovative services to consumers and enterprises, including personalised voice, data, home and fixed connectivity solutions. The company is also the front runner in Mobile Financial Services in Rwanda delivered through its FinTech subsidiary, Mobile Money Rwanda Ltd.
The man aged 59, arrived at Kigali International Airport on Thursday 7th October 2021 around 4p.m.
Upon arrival at the airport, Rurangwa was immediately handed over to Rwanda Investigation Bureau (RIB).
Born in 1962, Rurangwa was in 2007 convicted and sentenced to 30 years by Gisozi Gacaca Court for his role in the Genocide.
The National Public Prosecution Authority (NPPA) has said that Rurangwa lived in Gisozi sector, Gasabo district of Kigali City during the 1994 Genocide against Tutsi.
At the time, he was a primary school teacher 1994 and leader of Interahamwe militia in Gisozi.
It is said that Rurangwa is among masterminds behind the killings of Tutsis that had fled to Sainte Famille and Saint Paul in Kigali during the Genocide.
He is also suspected to have set up different road blocks in Kigali City where Tutsis were arrested and killed.
Rurangwa featured in the trial of Maj Gen Laurent Munyakazi who was handed life sentence and the former of Kigali Prefecture, Col Tharcisse Renzaho.
Rurangwa fled to former Zaire in Kibumba refugee camp and joined Kayindo camp later from where he left in 1996 flying to USA.
In 2008, Rurangwa who had changed his name to Oswald Rukemuye was apprehended as he pursued studies at Wilberforce University in Ohio State.
He becomes the sixth Genocide fugitive deported from USA.
Other deportees include Enos Iragaba Kagaba (2005), Jean Mary Vianney Mudahinyuka (2011), Marie Claire Mukeshimana (2011), Dr. Léopold Munyakazi (2016) and Béatrice Munyenyezi deported recently on 16th April 2021.
In a statement released today, the National Public Prosecution Authority (NPPA), has commended the move by US authorities.
“The NPPA commends the US judicial authorities for the deportations of genocide fugitives, continued cooperation in matters of mutual legal assistance, and contribution to the global effort to fight impunity,” reads part of the statement signed by Faustin Nkusi, the Spokesperson of NPPA.
The bus park inaugurated on Wednesday is located in Kabarore sector. Of the Rwf300 million, Gatsibo district provided Rwf70 million to buy the plot of land.
The Chairman of Private Sector Federation in Gatsibo district, Charles Nkusi said that the taxi park with impressive look came at the right time to overhaul transport services with decent infrastructure.
“Besides having a modern bus park and improving service delivery, we earn Rwf900, 000 on weekly basis and Rwf4 million per month. This means that we earn a lot per annum. It helps us to generate more revenues while offering good services to residents,” he said.
Residents also expressed delight for the new bus terminal which is expected to drive transformations.
James Mugabo, one of traders at the taxi park said that current conditions are much better.
“The previous bus park was old and congested that buses didn’t have enough space for parking. Today, passengers can easily identify which bus is heading to a particular place. Apart from having ample space, the new taxi park is clean that we expect increased clientele,” he revealed.
The mayor of Gatsibo district, Richard Gasana commended the private sector for building a modern taxi park expected to provide job opportunities and uplift residents’ livelihoods.
“We bought the plot of land as the project began. Today, we are happy that the private sector invested to build such infrastructure beneficial to the community. We invite more investors to follow the suit and implement development projects benefiting members of the community,” he said.
The new taxi park is comprised of 45 shopping units and spacious parking. It is an addition to recently completed Kiramuruzi bus terminal in the same district.
