Tag: John Rwangombwa
At the height of the global COVID-19 pandemic, the Rwandan government through the central bank and the ministry of finance announced a 100 billion francs economy recovery fund but the fund has seen not seen the uptake as was expected, John Rwangombwa, Governor National Bank of Rwanda spoke to CNBC Africa for more.
In Rwanda the economy grew by 3.6 per cent in the first quarter of this year, lower than the 6.1 per cent that the country achieved in the first quarter last year. John Rwangombwa, Governor National Bank of Rwanda spoke to CNBC Africa for more.
After review from the country’s monetary policy meeting, Rwanda’s Central Bank has maintained the repo rate at 4.5 per cent as the country’s economy starts to bounce back from the shocks of the COVID-19 pandemic, CNBC Africa’s Arnold Kwizera spoke to the Central Bank Governor, John Rwangombwa for more.
The Central Bank of Rwanda has set up measures to support the economy amidst the COVID-19 crisis. John Rwangombwa, Governor of the National Bank of Rwanda for more.
In Rwanda, the Governor of Central Bank, John Rwangombwa last year noted that over the last nine years “the value of e-payments to GDP increased from 0.3 in 2011 to 34.6 in 2019 and that the target is to reach 80 per cent by 2024.” Hexakomb, a local tech start-up is trying to make an attempt at increasing the section of the general public using cashless solutions to pay for basic services through digital means. Ernest Kayinamura, Founder and CEO of Hexakomb joins CNBC Africa for more.
Rwanda Central Bank's Monetary Policy Committee (MPC) has maintained its key repo at 5 per cent in its bid to continue supporting the economy and growing aggregate demand, CNBC Africa's Arnold Kwizera caught up with Central Bank Governor, John Rwangombwa for more.
Domestic capital markets are a vital source of stable, sustainable finance and underpin a private sector associated with employment and economic growth. Yet, capital markets are underdeveloped across many African countries, CNBC Africa's Arnold Kwizera recently caught up with Governor of Rwanda's Central Bank, John Rwangombwa for more.
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