Rwanda has set its national budget for the 2026-27 fiscal year at 7.796 trillion Rwandan francs ($5.5 billion), increasing spending on agriculture, infrastructure and other development priorities, the Finance Ministry said.
China’s Ambassador to Rwanda, Gao Wenqi, on Wednesday met with the Speaker of the Chamber of Deputies, Gertrude Kazarwa, for talks focused on strengthening bilateral relations and expanding cooperation between the two countries’ parliaments.
The Cabinet has approved the establishment of a national artificial intelligence institute to advance the development and use of artificial intelligence across Rwanda.
The International Monetary Fund (IMF) has approved a $250 million loan for Rwanda under its Extended Credit Facility (ECF) program to support economic stability and ongoing reforms.
Rwanda Development Board (RDB) has temporarily suspended operations at four hotels after inspections found they failed to comply with required tourism and hospitality standards, the agency said Thursday.
Minister of Foreign Affairs and International Cooperation, Olivier Nduhungirehe, met South Korean President Lee Jae Myung during a diplomatic forum in Seoul this week, where discussions focused on strengthening cooperation between Africa and South Korea and expanding economic partnerships.
The Chinese Embassy in Rwanda is encouraging Rwandan investors to learn Mandarin, saying language barriers are causing losses in trade with China, including overpricing and miscommunication in orders.
Foreign Minister Olivier J.P. Nduhungirehe is attending the Korea-Africa Foreign Ministers’ Meeting in Seoul, where African and South Korean officials are discussing stronger cooperation on trade, investment and global challenges.
Human Rights Watch came under criticism from the Government of Rwanda after releasing a report accusing Rwandan soldiers and fighters from the M23 rebel group of killings, abductions and sexual abuses in eastern Democratic Republic of the Congo.
Paul Kagame on Thursday called on African nations to use ongoing global political and economic shifts as an opportunity to strengthen self-reliance and reduce dependence on foreign powers.
The Africa CEO Forum, one of the continent’s leading economic gatherings, opened Thursday in Rwanda’s capital, bringing together heads of state, government officials, business executives, investors and international financial institutions to discuss Africa’s economic future.
President Paul Kagame said Africa’s biggest challenge is not a shortage of talent or ideas, but the failure to turn ambitions into action.
