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Rwanda readies to ratify African free-trade treaty

      Nearly a month after the AU Heads of State and Govt Summit held in Kigali on March 20, Rwanda readies to ratify the African  Continental Free Trade Area Agreement (CFTA)as approved by the cabinet last Wednesday . The bill  is submitted to Parliament, in its lower house …

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EAC vision for single currency takes shape

The search for a single East African currency is set to go a notch higher as the regional parliament prepares laws for setting up key institutions. The East African Legislative Assembly (EALA) has said its committees are using the three-week Dodoma sittings, which began on April 9 to collect views …

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Fund for African Private Sector Assistance approves three projects to spur SME development in Africa

Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of Japan and the Government of Austria – have approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Africa’s small and medium enterprises. These grants will help strengthen the participation …

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Coca-Cola plans to launch its first alcoholic drink

Coca-Cola is planning to produce an alcoholic drink for the first time in the company’s 125-year history – with an alcopop-style product in Japan. It is keen to cash in on the country’s growing taste for Chu-Hi – canned sparkling flavoured drinks given a kick with a local spirit called …

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KCB Bank Rwanda injects Frw50m to empower youth

In order to help reduce the number of unemployed youth with viable projects,KCB Bank Rwanda has signed a MoU with the National Youth Council (NYC) which will see 100 young people receive intensive technical training (TVET) while five business proposals by the youth will get financing. The MoU to implement …

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EAC trade under threat from India and China

According to the 2017 report on EAC’s competitiveness, India is exporting mainly heavy petroleum and medicine to the region while China is selling a wide range of manufactured goods including clothes and footwear, and telecommunications equipment. Cheaper imports from Asia, Europe and the US are eating into East Africa’s intra-regional …

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