|
National News Updates |
 The promoted, demoted and dumped: an analysis The obvious big news of the cabinet reshuffle last week was the dropping of James Musoni from the all important finance and economic planning portfolio and his replacement by his immediate subordinate, Permanent Secretary and also Secretary to the Treasury John Rwangombwa.  Roads are part of the infrastructure backbone needed to support free movement of people and goods and to be able to conduct trade across its borders. This is all the more important in a landlocked country like Rwanda. For this reason, the government has embarked on a comprehensive plan to improve the quality of national and district roads.  Prime Minister Bernard Makuza last week appeared before Parliament to explain what the government has done to recover close to Frw 6 billion which the auditor general indicated could not be accounted for in 2007.  In a bid to woo the business world with its services, telecommunications company Tigo Rwanda on Friday held a corporate party to mark its official entry into the local market.
|
|
|
RwandAir secures loan to purchase its own aircraft |
|
|
|
Written by Staff Reporter
|
|
Sunday, 13 December 2009 |
Rwandair has secured a loan to implement the first phase of building its own fleet. RwandAir CEO Gerald Zirimwabagabo and PTA President Michael Gondwe shake hands after signing the loan agreement. (courtesy photo) Last week, the national carrier signed an agreement with the Eastern and Southern African Trade & Development Bank (PTA Bank) to fund the aircraft purchase among other major infrastructural investments for RwandAir. The deal is worth US$ 13.5 million.Former Infrastructure Minister Linda Bihire, speaking at the signing ceremony, stressed the need for Rwanda to have a functional aviation system given the country’s strategic location on the continent. She reaffirmed the government’s keenness to support a reliable air transport for the country. “The two aircrafts that the airline is acquiring is just the beginning,” said the president of the PTA Bank, Dr. Michael Gondwe. “Being a development bank, PTA Bank is always ready to assist projects which contribute to the economic development of its member countries”. The CEO of RwandAir, Gerald Zirimwabagabo, said that the national carrier is assured of the delivery of its first own CRJ -200 aircrafts before the end of the year. Currently, negotiations between RwandAir and large aircraft suppliers are at advanced stages for the acquisition of mid- to long-range aircrafts beginning 2010. The airline intends to expand its fleet considerably over the next five years. Related articles: Rwandair goes to greater heights with acquisition of pilots and planes Crashed Rwandair plane was not substandard, says CEO |
|