Tag: hudson kuteesa
Rwanda has reimposed lock-down in parts of Kigali in a bid to prevent the spread of the coronavirus in other areas. Moreover, the Central Bank has announced that commercial banks have restructured loans amounting to about $679.5 million in a move to mitigate Rwandans from making monthly payments. During the same time, Equity Group Holdings ended its negotiations to acquire the banking businesses owned by Atlas Mara in Rwanda, Tanzania, Zambia, and Mozambique. Hudson Kuteesa, journalist with The Newtimes for more joins CNBC Africa for more.
In Rwanda, the country has recorded two death from Covid-19, at a time when the Government has eased the lock-down that had been in place for a month and half by opening up almost all sectors of the economy though with a number of precautionary measures to keep the virus in check. At the same time a French court ordered the Rwandan genocide suspect Felicien Kabuga to be handed over to a United Nations tribunal for trial. CNBC Africa is joined by Hudson Kuteesa, Journalist with the Newtimes.
In Rwanda, IMF has confirmed that it has approved $109.4 million in credit to help address the COVID-19 pandemic. Moreover, The City of Kigali and Nyarugenge District Authorities have shifted some food trading activities from city markets to Nyabugogo Bus Park to decongest marketplaces, and RwandAir is working on launching cargo flights in the coming days to respond to demand in movement of good. CNBC Africa is joined by Hudson Kuteesa, Journalist with The Newtimes for more.
In the headline, as the impact of the coronavirus outbreak continues, manufacturers, producers and importers in Rwanda are seeking alternative sources of raw materials with China’s production and export capacity expected to slow down. In other news – a new report from UN Economic Commission for Africa has indicated that the successful implementation of the African Continental Free Trade Area could help the Eastern African countries earn about $1.8 billion and revive the region’s intra trade. Finally, Rwanda proceeds with the preparation of the Commonwealth Forum despite the outbreak of the coronavirus. CNBC Africa is joined by Hudson Kuteesa, Journalist of The New Times for more.
In October last year, Rwanda became the first regional country to issue a complete ban on all single-use plastics. Retailers were given three months to clear their stocks and find alternatives, while industrial users and producers of single-use plastics were given a two-year deadline after which they will pay heavy fines. Also, the Meteorology Agency predicted that there is a minimal yet probable chance that desert locusts might break into Rwanda in a period of between ten to 14 days. How prepared are we? Journalist of the Newtimes Hudson Kuteesa joins CNBC Africa for more.
RRA warns of hefty penalties that await property tax defaulters – on the other hand, Food delivery app CanGo close after barely a month, Rwanda sets to host Africa’s first drone flying competition next month, and Rwandair has announced that it will be suspending all flights to and from China until further notice amid coronavirus outbreak. Journalist at the New Times, Hudson Kuteesa joins CNBC Africa for more on news making headlines.
Airtel has acquired a 12-year unified license to operate as Airtel Rwanda, after operating for two years as Airtel-Tigo, on the other hand AfDB Group has approved an $8.9 million to support the preparation of the Ruzizi IV Hydropower Project and finally we will follow up on the first treasury bond that was issued this year by the government of Rwanda. Journalist of The New Times, Hudson Kuteesa joins CNBC Africa for more.
Last week on the headlines, Jambo Jet launched operations in Rwanda, Korea Telecommunication Rwanda Networks invested more than $10 million in upgrading 4G and in the week ahead Altron – a Johannesburg Stock Exchange listed Technology company sets to launch public transport cashless payment solution in Rwanda. Journalist at the New Times, Hudson Kuteesa joins CNBC Africa on what is expected to make headlines this week.