Rwanda, South Korea ink $1bn deal to fund transport, healthcare, education projects
Rwanda and South Korea officials inked a US$1 billion framework arrangement aimed at providing concessional funding for a range of projects in key sectors of the Rwandan economy including transportation, healthcare, and education, on Friday, July 5. According to a statement from the Ministry of Finance and Economic Planning, the money will be channeled through the Economic Cooperation Development Fund (ECDF), a Korean agency that promotes economic cooperation between the Asian nation and developing countries
Original article link: https://www.newtimes.co.rw/article/18228/news/business/rwanda-south-korea-ink-1bn-deal-to-fund-transport-healthcare-education-projects
BYD deal emboldens Rwanda’s Ampersand to expand into East Africa
Ampersand, the manufacturer and provider of electric motorcycles , aims to expand into Uganda and Tanzania. The bold plans come weeks after the Rwanda-based company struck a deal with China’s BYD for the production of 40,000 e-motorcycles in Rwanda and Kenya
Original article source: https://www.globalfleet.com/en/manufacturers/africa-middle-east/article/byd-deal-emboldens-rwandas-ampersand-expand-east-africa?a=FJA05&t%5B0%5D=BYD&t%5B1%5D=Africa&curl=1
Rwanda Development Bank launches sustainability-linked bond to promote inclusive sustainable development
The Development Bank of Rwanda (BRD) launched its inaugural Sustainability-Linked Bond (SLB) on the Rwanda Stock Exchange. The SLB supports BRD’s commitment to mainstreaming environmental, social, and governance (ESG) for partner financial institutions, increasing women-led business loans, and financing affordable housing. The bond aligns with Rwanda’s sustainable economic development objectives.
Original article link: https://africabusinesscommunities.com/banking-and-finance/news/rwanda-development-bank-launches-sustainability-linked-bond-to-promote-inclusive-sustainable-development/
Rwanda, PSG celebrate three years of success, extend partnership
Following the successful first three years of working together, Paris Saint-Germain – one of the world’s top football clubs and sports brands – and Visit Rwanda, the tourism-focused arm of the Rwanda Development Board (RDB), have renewed their partnership through to 2025. As announced on Wednesday, May 10, the agreement will see Visit Rwanda continue its partnership with the French club with the goal of showcasing Rwanda as a top tourism and investment destination on the African continent, developing cultural, and creative synergies, and promoting Rwandan coffee and tea.
Original article link: https://www.newtimes.co.rw/article/7397/news/tourism/rwanda-psg-celebrate-three-years-of-success-extend-partnership
Rwanda, Volkswagen sign MoU to start GenFarm project
Volkswagen has signed a memorandum of understanding (MoU) with the Government of Rwanda to establish a modern farm with electric tractors. The objective of the GenFarm Project in Rwanda is to make positive sustainable socio-economic and environmental impact on the community by creating a carbon neutral business ecosystem
Original article link: https://sunnewsonline.com/rwanda-volkswagen-sign-mou-to-start-genfarm-project/
Rwanda, Seychelles waive visas, ink five pacts to deepen relations
The bilateral agreements signed aim at fostering cooperation in the field of defense and security, law enforcement, agriculture, health, and tourism. "Building on our strong bilateral ties, we intend to deepen our cooperation across strategic areas of mutual benefits. For Seychelles and Rwanda, tourism is a key driver of economic growth. Collectively, there is a lot we can do to make the sector more sustainable and resilient. Tourism creates enormous opportunities for air connectivity and commercial links bringing businesses from Seychelles and Rwanda closer together”.
Original article link: https://www.newtimes.co.rw/article/8672/news/africa/rwanda-seychelles-waive-visas-ink-five-pacts-to-deepen-relations
Djibouti and Rwanda foreign ministers sign cooperation agreements
The Foreign Ministries of Djibouti and Rwanda signed three agreements to strengthen cooperation in diplomatic training, agriculture and tourism. On the agreements signed, both foreign ministers agreed on the need for them to be dynamic and bring results in transforming the lives of both peoples as soon as possible.
Original article link:https://www.plenglish.com/news/2023/05/11/djibouti-and-rwanda-foreign-ministers-sign-cooperation-agreements/
Rwanda to invest $28m to use landfill gas for cooking and lighting
Landfill gas utilization will contribute to creation of revenue generation opportunities for stakeholders in the waste management process chain, improved quality of water, soil and local atmosphere, increased access to electricity and reduced dependency on traditional biomass energy.
Orginal Article Link: https://www.newtimes.co.rw/article/1914/news/environment/rwanda-to-invest-28m-to-use-landfill-gas-for-cooking-and-lighting
Google partner Deimos plans Rwanda, Zambia, North Africa expansion
Google’s biggest cloud partner in Africa Deimos is planning to expand into new African countries including Rwanda and Zambia, Deimos CEO Andrew Mori tells The Africa Report. Rwanda is top agenda with entry planned for next year.
Orginal Article Link: https://www.theafricareport.com/249059/google-partner-deimos-plans-rwanda-zambia-north-africa-expansion/
MoU signed to strengthen collaboration between Somalia and Rwanda
The last three decades have been particularly difficult for Somalia. Since the 2012 establishment of the Federal Government of Somalia, a number of structural reforms have been put in place to boost domestic business and foreign direct investments in Somalia. The Somalia Investment Promotion Office and the Rwanda Development Board just signed an MoU to strengthen investment cooperation between Rwanda and Somalia. Mohamed Dubo, the Director of Somalia Investment Promotion Office shares more on the MoU and the work being done to make Somalia an investment destination in this exclusive interview with CNBC Africa.
Orginal Article Link: https://www.cnbcafrica.com/2022/mou-signed-to-strengthen-collaboration-between-somalia-and-rwanda/