Rwanda Economy
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Rwanda: RDB & Solimar International to Take Tourism to New Heights

Rwanda: RDB & Solimar International to Take Tourism to New Heights | Rwanda Economy | Scoop.it

"Rwanda Development Board (RDB), in partnership with Solimar International, a Washington DC-based tourism development and marketing firm, are in a campaign to promote Rwanda's tourism potential."


Via Julien Dos Reis Pedro
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

The Rwanda Development Board (RDB) is trying to boost Rwanda's top foreign exchange earner, the tourism industry. In partnership with Solimar International, they strive to distinguish Rwanda from neighboring destinations. The campaign is designed to be an important component of reaching the RDB's target of a 10 per cent increase in EAC arrivals within two years, says RDB. A couple of events and tourism sites unveiled in 2013 had triggered an investment boom in the tourism sector to $217.7 million, from January to October, compared to $210.5 million generated in 2012.

From January to September 2013, Rwanda hosted 824,238 visitors, an increase of 7 per cent compared to the same period in 2012 where 768,221 people visited. The tourism sector has created many new jobs (tour guides, travel agents, etc.). The increase in the tourism sector also brings in more money to Rwanda's government, which can be spent by the government to increase government programs and create other new jobs within the country. This will help achieve economic growth within Rwanda.

   
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IFC Begins Marketing Rwanda Bond as Africa Debt Plan Expands - Bloomberg

IFC Begins Marketing Rwanda Bond as Africa Debt Plan Expands
Bloomberg
The International Finance Corp.
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

The International Finance Corporation is selling bonds (in the Rwandan franc) in Rwanda to expand an African debt program. It is arranging sales with CfC Stanbic Bank and Bank of Kigali Ltd. “The listing of the bond will increase the number of transactions on RSE, which translates into increased liquidity and diversification,” Rwabukumba, Rwanda's Stock Exchange Chief Executive Officer, said. They hope to decrease their debt, and so far they have been successful. The country’s debt has returned 7.4 percent in 2014, the second-best best in Africa, according to Bank of America Merrill Lynch indexes. The bonds support domestic capital markets and increase access to finance for private companies, and the proceeds from the notes will be used for investments in Rwanda. This will help increase Real GDP in Rwanda due to more investment, which increases economic growth. 

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Belgium gives Rwanda 18 mln euros for public health - Xinhua

Belgium gives Rwanda 18 mln euros for public health - Xinhua | Rwanda Economy | Scoop.it
IANS
Belgium gives Rwanda 18 mln euros for public health
Xinhua
KIGALI, April 24 (Xinhua) -- Belgium has given Rwanda 18 million euros to finance public health, according to Rwandan officials Thursday.
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

 Belgium has given Rwanda 18 million euros to finance public health, according to Rwandan officials. The Minister of Finance in Rwanda said the grant is to realize the objectives of Rwanda's third health sector strategic plan developed for 2012-2018. Overall, Belgium has given 55 million euros to aid Rwanda's health sector. They hope that in doing so they reduce poverty and enhance the general well being of the population. Another Rwandan official stated that the health sector is doing so well because of their "sound policies and concrete actions to achieve well-defined goals." This investment in the Rwandan health sector has boosted the economy in many ways. It has increased their Real GDP with more investment, and it has also increased their life expectancy as well as decreased the maternal and child mortality rates. 

 
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Q&A with Paul Farmer: Rwanda as a healthcare success story

Q&A with Paul Farmer: Rwanda as a healthcare success story | Rwanda Economy | Scoop.it
Twenty years after the genocide, Paul Farmer reflects on how Rwanda became a model of inclusive healthcare.
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

Rwanda has increased it's usage of healthcare within the past twenty years since the Rwanda Genocide. In doing so, their citizens life expectancy has doubled, child mortality has fallen significantly, and the number of people who have died from AIDS and tuberculosis have declined, as well. There has been great investment in order to start the large usage of healthcare in the country. The investment makes their real GDP increase. Currently their economy is growing quite rapidly and this big investment in healthcare is one reason why.

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Rwanda seeks device financing models

Rwanda seeks device financing models | Rwanda Economy | Scoop.it
Rwanda’s MYICT says it is engaging with stakeholders on financing models that enable Rwandan citizens to buy internet access devices.

Via Online Africa
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

Rwanda is making a new, affordable way for it's citizens to be able to access the internet. This is a technological advancement that they hope will increase literacy among citizens, as well.  Rwanda hopes this will improve efficiency as citizens understand how to use it better.

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Aid agency Bóthar preparing to open creamery in Rwanda - Irish Times

Aid agency Bóthar preparing to open creamery in Rwanda - Irish Times | Rwanda Economy | Scoop.it
Aid agency Bóthar preparing to open creamery in Rwanda
Irish Times
Aid agency Bóthar is best known for sending heifers to developing countries but it has taken the next step in Rwanda with its plan to open a creamery in the western Rusizi district.
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

Bothar, an aid agency that commonly sells cows to third world countries, plans  to open a creamery in Rwanda. They are donating 1,352 cows, and estimate the factory to be opened in autumn. Each of the donated cows will be able to produce 20 liters of milk a day, while average cows native to the area can only produce 1-3. They say they want to build their stock up until they are able to produce 10,000 liters a day. There are very few sources of dairy in Sub-Saharan Africa, and only a handful of them can produce on the level of a factory. They plan to sell the milk to the DRC and other neighboring countries, as well as to their own farmers. The plant will serve to both create new jobs and boost economic exports.  

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Rwandan president says he is not ready to rule out third term - Reuters UK

Rwandan president says he is not ready to rule out third term - Reuters UK | Rwanda Economy | Scoop.it
Rwandan president says he is not ready to rule out third term Reuters UK BOSTON (Reuters) - Rwandan President Paul Kagame said on Tuesday it was too early to say whether he will seek a third term as head of the east African state, adding "whatever...
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

Paul Kagame, the current president of Rwanda, blames the Rwandan genocide and the subsequent economic downturn on foreign involvement.  He also says that European powers played a role in the 1994 genocide. He says that they helped to trigger it, and failed to intervene to stop it. He states that is mainly the "International Community" community that was the cause of the downturn for The Democratic Republic of Congo, their neighboring country. Kagame says that "What we learned is that people must be responsible for their own fate. If you wait for outsiders you will just perish."  It is not yet decided whether or not he will be staying for a third term, but if he does, we can assume that he will be limiting any foreign involvement in Rwandan politics. His policies seem to be working thus far, as he attained 2nd place in Sub-Saharan Africa on the World Bank's annual 'Doing Business' report.  

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Academics without Borders Canada: Supporting Higher Education in Rwanda ... - Ottawa Citizen

Academics without Borders Canada: Supporting Higher Education in Rwanda ... - Ottawa Citizen | Rwanda Economy | Scoop.it
Ottawa Citizen
Academics without Borders Canada: Supporting Higher Education in Rwanda ...
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

Rwanda has pushed to support higher education within the country. They are receiving help from  Academics Without Borders Canada (AWBC), which is an organization which helps countries improve their universities so that their citizens can access the knowledge they need to help develop their country. With their steps toward higher education, Rwanda hopes that the "brain drain" will decrease as well as help citizens become more productive in solving social problems, stimulating technological advancements, and driving economic development.

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Rwanda hopes to get $157m from coffee

Rwanda hopes to get $157m from coffee | Rwanda Economy | Scoop.it
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

Rwanda's coffee revenue fell 18.4% from 2011 to 2012. To combat this, there is a proposal to put all the coffee growing supplies and farms into Rwanda, which is said to boost revenue to 157 million dollars by 2017. The profits made from the coffee are said to allow the farmer's children to go to work, so it would be a great step forward in Rwandan development.

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Rwanda's Infrastructure Sector

www.abndigital.com This week Doing Business in Rwanda is exploring the country's infrastructure sector. Rwanda has achieved remarkable economic growth post 1...
Kailey Newcome, Willis Ehrler, Elijah Wagner's insight:

For the past three years, Rwanda has been improving infrastructure to reduce the cost of doing business. It's efforts have produced a great return, with Rwanda the highest ranked country in East Africa for the World Banks Doing Business rankings. Rwanda is improving it's infrastructure to help it's economic growth and investment. Some examples of what it has done would be improving real estate by creating more of it, and also by creating 80 kilometers of road which tripled connectivity in the past two years. They hope these steps will produce even greater return in the future. 

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