IGIHE

Tag: a_doingbusiness

  • Uganda Wants Share on S.Sudan Oil Pipeline

    Uganda has proposed to South Sudan to consider a joint venture in the construction of an oil pipeline through Uganda to Port Lamu in Kenya.

    South Sudan and Kenya in August signed an agreement for the construction of a 2,000km oil pipeline to the Kenyan port of Lamu.

    It is expected to deliver South Sudan’s crude oil to the rest of the world via the port. The construction is expected to begin next June and will cost $3b.

    Uganda argues that the pipeline would benefit the region because more countries would contribute towards its construction and also use it.

  • Muhanga Residents Trained on Making Potatoe Cakes

    The project Sweet potato Action for Security and Health in Africa
    (SASHA) trained residents in Muhanga District on how to use
    sweet potatoes while producing juice, baking bread and cakes.

    The project coordinator, Nshimiyimana Jean Claude told IGIHE,
    that SASHA wants to set the groundwork for improving the lives
    of Rwandans by teaching them how to make sweet potatoes
    productive

    He added that Rwandans should actively participate in the
    cultivation of sweet potatoes due to the fact that the crops bring
    in money and help them to address issues of hunger.

    Speaking to IGIHE Minani Joseph, a Sweet potatoes cultivator
    has said since being trained to making baking breads from sweet
    potatoes, he has sold cakes and baking breads valuing Frw 96
    000 thousands

  • Tuesday Trade Volumes Drop

    As at October 9, the Rwanda Stock Exchange Market went down in traded volumes and turnover compared to Monday’s trading session.

    The total turnover for the day was Frw 8,909,400 from 56,100 BK shares and 3,800 Bralirwa shares traded in 9 deals compared to Monday’s trading session which recorded a turnover of Frw 36,111,000 from 84,900 Bralirwa shares traded in four deals.

    BK bank shares traded and closed at Frw130, unchanged from Monday’s closing price while BRALIRWA shares traded between Frw 425 and Frw426 and closed at Frw 425; unchanged from Monday’s closing price.

    KCB bank and NMG shares prices last transacted at Frw 154 and Frw 1,200 respectively.

    At the end of formal trading hours, there were outstanding bids of 643,900 BK shares at Frw130 and outstanding offers of 485,400 shares at Frw131 and Frw 134.

    At the Bralirwa counter, there were outstanding bids of 20,000 shares at Frw425 and outstanding offers of 133,000 shares between Frw426 and Frw430.

  • Diesel & Petrol Prices Up

    The Ministry of Trade and Industry informs the general public that with effect from Saturday 06th October 2012, the prices of the following petroleum products shall be as follows.

    The Kigali base price for Super must not exceed 1,050 RWF per liter;

    The Kigali base price for Diesel must not exceed 1,050 RWF per liter.

    This increase in Petrol and Diesel fuel prices is mainly due to the high oil prices escalation on the international market where petroleum products prices have increase on average by 10% since August 2012.

  • Food Processing Firms Cautioned on Standards

    Food processing firms have been cautioned on improving packaging, processing and storage in order to keep their products fresh and appropriate for consumption.

    Rwanda Bureau of Standards (RBS) says the prevailing inefficiencies in food processing, packaging and storage are bound to increase chances of mycotoxin contamination— chemical poisonous compounds produced by certain fungi that are capable of causing disease and death in humans and animals.

    Dr.Mark Cyubahiro, the Director General of RBS, told Business Times that there is a high risk of contamination during processing, especially in small and medium food processors whose whole process chain is not automated.

    According to scientists, there are many such compounds, but only a few of them are regularly found in food and animal feedstuffs such as grains and seeds.

    In Rwanda the most affected crops include, maize, groundnuts, cassava, sorghum and millet Cyubahoiro says that total mitigation of mycotoxins will be viable if control measures are stretched throughout the value chain.

    Dr Hilda Vasanthakaalam, the Head of Food Science and Technology department at Kigali Institute of Science and Technology, encouraged food processors to apply for quality, marks from RBS increase customer confidence.

  • Promoting Youth Employment in Africa

    France is hosting the 12th International Economic Forum on Africa being held today at the Conference Centre of the OECD in Paris.

    The Forum is deliberating on “Management of human and natural resources: what policies to promote youth employment in Africa? ”

    It is organized by the Development Centre of the OECD in partnership with the African Development Bank, the United Nations Development Programme, the United Nations Economic Commission for Africa and the French government.

    The Forum will brings together several African ministers, policy makers and representatives of the private sector and international organizations to discuss strategies for growth and job creation, needs in terms of training and skills, and the use of natural resources to expand and create jobs in Africa.

    With the youngest population in the world – 200 million young people aged between 15 and 24 years – and improving education levels, Africa is facing a youth bulge in search of decent jobs.

  • Airtel to Introduce Mobile Money Transfer Service

    Airtel Rwanda is set to introduce an electronic money transfer package to its clients stepping up efforts to increase its market share.

    The product dubbed AirtelMoney will be implemented by the end of 2012.

    Country Manager Marcellin Paluku said the platform will provide innovative mobile financial services to both the financially excluded and the banked population and is likely to boost initiatives to promote a cashless economy.

    Paluku said subscribers will be able to send and receive money, pay their bills, and access their bank accounts.

    AirtelMoney faces competition from the MTN and Tigo mobile money platforms, which have been growing rapidly. Both telecom operators have partnerships with banks.

    Recent data shows MTN’s mobile money service has transacted over Frw70 billion since it was launched.

  • Kabuye Sugar Works Resorts to Upland Sugarcane

    Kabuye Sugar Works has moved into upland sugarcane growing, aimed at boosting sugar output through cutting losses resulting from floods.

    The country’s sole sugar maker has for a couple of years appealed to government for more land on which to grow sugarcane, arguing that their current plantations lie on swamps, which prone to flood during heavy rains.

    Kabuye says it incurs a loss of between 3000 and 4000 tones of sugar annually leading to supply shortages, which drives sugar prices higher.

    The company is targeting to cultivate 3000-3500 hectares in the next five year.

    This is expected to boost sugar output by between 27,000 and 315,000 tonnes every year.

    Currently Kabuye Sugar Works produces 10,000 tonnes of sugar each year, a decline from 15,000 tonnes that were being produced in 2007 and 2008.

    With national demand for sugar at 50,000 tonnes, the country has had to bridge shortfall in supply through importation.

  • Rwanda Signs Deal With Karnataka State Electronics

    The Rwandan government has signed an agreement with Karnataka State Electronics Development Corporation (KEONICS) to develop the ICT sector.

    The agreement emphasizes the common desire to promote bilateral trade and an industrial relationship between the state of Karnataka and Rwanda.

    Williams Nkurunziza, Rwanda’s High Commissioner to India, said the pact will strengthen the cooperation of the ICT sectors of the state of Karnataka and Rwanda.

    KEONICS will soon expand its operations to Rwanda to provide expertise in ICT and electronics on mutually acceptable terms.

    Telecompaper.com reported that Karnataka State Electronics will provide advice and capacity building in the fields of IT education, consultancy, infrastructure, engineering and e-governance, among others.

    KEONICS is regarded as a pioneer of the IT revolution that has made Bangalore a global household name in ICT development.

  • Kigali to Host African Economic Conference

    African Development Bank has said Kigali will host the 2012 African Economic Conference from 30 October to 2nd November, 2012.

    The theme of the 2012 conference is” Fostering inclusive and sustainable development in Africa in an Age of global economic uncertainty”.

    The conference will focus on long-term continental economic growth in the aftermath of the financial and economic crisis.

    According to African Economic Outlook 2012, Africa’s average growth declined from 5% in 2010 to 3.4% in 2011, mainly due to the political uprisings in North Africa, whose growth rate was only 0.5% in 2011.

    With the gradual recovery of North African economies, average growth is expected to rebound to 4.5% in 2012 and to 4.8% in 2013.