Business / Trade in Rwanda
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BOTSWANA, 2017/08/30
"Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page
The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
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BOTSWANA, 2017/07/14
Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential.
Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration.
Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
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ISRAEL, 2017/07/14
Rawandan President Paul Kagame began a two-day visit to Israel on Monday for talks focused on boosting cooperation for the next, but as well touching on the two nations’ common experience in the completed overcoming the horrors of genocide.
“We are two nations who understand the horror of genocide, and we must show what humanity can achieve with cooperation and considerate,” President Reuven Rivlin told Kagame at the presidential residence in Jerusalem.
“We know that Rwanda is presently going to be member of the UN Human Rights Council. This is a body which is always against Israel, so we welcome all those who are prepared to speak for us,” Rivlin said
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BOTSWANA, 2017/06/24
Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.
However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.
Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
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BOTSWANA, 2017/06/15
Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU.
Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers.
Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
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NORWAY, 2017/01/23
The Rwandan Ambassador to Norway, with residence in Sweden, Christine Nkulikiyinka, yesterday presented her letters of credence to King Harald V of Norway.
The envoy lauded the growing business ties between Rwanda and Norway, noting that both nations still had extensive investment opportunities to explore.
During their tête-à-tête, King Harald V lauded Rwanda's post-Genocide recovery and noted that the two nations could benefit from strengthening bilateral ties.
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CONGO KINSHASA, 2016/10/29
Rwanda and DR Congo have signed a new agreement establishing a framework for bilateral cooperation in the area of cross-border trade and elimination of non-tariff barriers.
Officials in charge of trade from both nations signed the memorandum of considerate (MoU), recently in Rubavu District, during the official launch of the Common Market for Eastern and Southern Africa Simplified Trade Regime (COMESA STR).
According to officials, the move seeks to relieve small-scale trade by waiving import business on products whose worth is below $2000 (about Rwf1.6 million).
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RWANDA, 2016/07/25
The African Union Passport that was expected to be officially launched during the 27th African Union Summit is considered a prodigious triumph for the continent.
It will relieve free movement of people, spur economic increase and development inclunding promote Intra-African trade according to Rwanda Foreign Affairs Minister Louise Mushikiwabo.
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RWANDA, 2016/07/20
At their summit in Kigali, heads of national from the African Union (AU) are tackling a lot of issues inclunding the free movement of African citizens and goods through the union's 54 member states.
The passport launching ceremony was presided over by the outgoing president of the AU Commission, Nkosazana Dlamini-Zuma, who called the move a "steady step toward the objective of creating a strong, prosperous and integrated Africa, driven by its own citizens and capable of taking its rightful place on the world stage."
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ISRAEL, 2016/07/04
Beyond diplomacy and trade, visit holds personal meaning for Netanyahu marking 40 years since Entebbe raid
Israeli Prime Minister Benjamin Netanyahu will depart on an historic visit to Africa on Monday, seeking to strengthen relations with new trade partners and marking the 40th anniversary of the Entebbe hostage rescue in which his brother died.
The Prime Minister will visit Uganda, Kenya, Rwanda and Ethiopia. Netanyahu's visit will be his initial as premier, and the initial visit to the region by and Israeli Prime Minister in over three decades since Yitzhak Rabin visited Casablanca in 1994.
