RIAM in more trouble

Board recommends that entire management be disbanded.

Despite a lukewarm global economic outlook caused by the Euro Zone debt crisis, Rwanda’s economy will grow within the 7.7% range this year, powered by strong growth in sectors such as banking, agriculture and exports.

The government is devoted to tackling all serious issues that are hampering the country’s fast development, Prime Minister Pierre-Damien Habumuremyi said on Friday while giving an overview of the government’s achievements over the last three months, work in progress and plans for the next quarter.

For some years now, there has been talk of locally producing biofuel to make the country less dependent on petrol imports. But until now, production levels are still insignificant.

It is new season and somewhere in Muhoza II sector, Musanze district, Obadiah, a maize farmer, is planting.

Shareholders in Bank of Kigali, Rwanda’s largest commercial bank by total assets and market share, have about Frw 4.3 billion to share following a hugely successful business year, 2011.

“Hi Siri,” said the man strolling around at Kigali City Tower.
“Yes Jack, how can I help you?” replied a soft female voice.
“I’m starving; is there any restaurant around here?”
“Oh, I’m sorry Jack, I don’t see any.”

While other people are cursing their way to work through traffic jams, Jean Luc Ngarambe takes a leisurely stroll through his tree nursery beds to look after many varieties of seedlings they contain. Not only is the start of his day much more relaxed than that of people with office jobs, he is also his own boss.

Rwanda Revenue Authority would be collecting more money in taxes if it wasn’t for the huge informal sector still nagging the economy, Commissioner General Ben Kagarama said last week, while at the same time announcing reforms to increase efficiency in tax collection.

On Thursday last week, Rwanda’s Inspector General of Police and his Ugandan counterpart signed a Memorandum of Understanding, with Emmanuel Gasana and Kale Kayihura vowing to move beyond commitment and embark on real action against major crimes threatening the two countries.