News

Rwanda Prepares for Oil Price Surge Amid Middle East Conflict

The war in the Middle East involving the United States, Israel, and Iran entered its fourth day on Tuesday, sending shockwaves through global oil markets. Prices for petroleum products have surged by 13%, with crude reaching $82 per barrel, according to French broadcaster RFI.

Rwanda, GiveDirectly Sign $150M Pact to Fight Poverty

The Rwandan government and international NGO GiveDirectly signed a five-year agreement Thursday to accelerate poverty reduction efforts across the country. The Poverty Acceleration Co-Financing Basket Fund Framework Agreement aims to mobilize more than $150 million to help citizens lift themselves out of poverty.

RRA Issues Record VAT Rewards to Consumers

Rwanda Revenue Authority (RRA) has awarded 1.33 billion Rwandan francs ($1.27 million) in Value Added Tax (VAT) rewards to 157,029 final consumers, marking the largest single payout since the program began.