The International Monetary Fund has greenlit a four-year, $3.4 billion Extended Credit Facility for Ethiopia, marking a significant endorsement of the country's ambitious economic reform…
The KFJJuly 30, 2024
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BANKING
NCBA Group has appointed Lina Higiro as the new Regional Director of Business Development, as announced on her LinkedIn account. Higiro has been the Chief…
The KFJJuly 23, 2024
Rwanda’s banking industry has experienced significant profitability growth over the past decade, according to the latest State of the Banking Industry Report by the Rwanda…
The KFJJuly 17, 2024
Innovation Unleashed: Transforming Rwanda’s Financial Landscape
Kigali continues to be recognized among the top 10 international financial centers likely to become more significant in the future. In the recent publication of the Global Financial Centres Index (GFCI 35), a renowned ranking that assesses the competitiveness and attractiveness of financial centers worldwide, Kigali now ranks 67th globally while maintaining its position as the second in sub-Saharan Africa.
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The International Monetary Fund approved $181.7 million in funding for Rwanda after concluding its fourth review under the Policy Coordination Instrument (PCI), the Resilience and…
Rwanda’s Q3 GDP Grows 8.1% on Services and Industry Gains
Rwanda's economy expanded by 8.1 percent in the third quarter of 2024, driven by robust performances in services, industry, and agriculture. GDP at current market…
Rwanda Secures $25 Million from ADFD for Water Infrastructure Expansion
Rwanda has signed a $25 million loan agreement with the Abu Dhabi Fund for Development (ADFD) to expand water transmission and distribution systems at the…
