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Category: Economy
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AfDB plans to invest nearly Rwf590bn in Rwanda’s agriculture
The African Development Bank (AfDB) has said it plans to invest more than $400 million (approx. Rwf588 billion) in Rwanda’s agriculture sector over the next three years, according to the bank’s Rwanda 2025 Country Portfolio Performance Review Report. The planned investment is part of the bank’s efforts to shift more financing towards agriculture and reduce…
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Africa’s first continental credit rating agency set to be launched in October
Africa will launch its first continental credit rating agency on October 6 in Mauritius as the continent strengthens its financial architecture and provides credit assessments that better reflect African market realities. The African Credit Rating Agency (AfCRA) will operate as an independent, private-sector-led institution offering sovereign and corporate credit ratings. The agency is expected to…
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Products worth Rwf2.6bn seized as crackdown on illicit alcohol widens
Authorities seized products worth more than Rwf2.6 billion and imposed fines of nearly Rwf360 million a part of a crackdown on illicit alcohol production and distribution, officials said. In the past two weeks, law enforcement agencies inspected 246 production sites, shut down nearly 110 factories, arrested 56 suspects, according to Peter Karake, the Director General in charge…
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