Category: Opinion

  • Investiment Promotion Agencies Less Responsive to Investor Inquiries

    Investiment promotion Agencies are reportedly less responsive to direct investor Inquiries than they were three years ago even as countries compete to attract investments.

    “Skilled investment promotion agencies can give economies a competitive advantage by helping investors choose a suitable location and set up operations that create jobs and promote growth.”

    According to the World Bank Group’s Global Investment Promotion Best Practices 2012 report, 80% of national investment promotion agencies are failing to respond to investor inquiries in the key sectors of agribusiness and tourism.

    The report assesed 189 economies’ responsiveness to investors. It found that that investment promotion agencies are less responsive to direct investor inquiries than they were three years ago.

    In the areas of inquiry-handling and website performance over the past two years, two regions showed improvement—the Middle East and North Africa, and Latin America and the Caribbean.

    “In difficult times, governments may be tempted to cut funding for investment promotion. However, this can cost them opportunities to secure investments and jobs,” said Pierre Guislain, Director of the Bank Group’s Investment Climate Department.

    The report shows that limited resources need not be an obstacle to effectiveness.

    The report was produced by the Investment Climate Department of the World Bank Group (which includes IFC, MIGA, and the World Bank) and sponsored by ProInvest, a European Commission partnership program for the countries of Africa, the Caribbean, and the Pacific, and by the government of Spain.

  • Tax Revenues to Hit $ 600 Billion

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    The Ministry of Finance and Economic Planning presented an outline of the analysis of the preliminary draft budget of the National 2012-2013 fiscal year.

    Appearing Tuesday before a parliamentary committee responsible for budget and finance management, John Rwangombwa said the budget is estimated at Frw1000,374,400,000.

    Rwangombwa explained the source of funding will be drawn from taxes collected from foreign grants and credits, tourism and others.

    In the first draft of the national budget 2012/2013, it is expected that revenue from taxes will be approximately $ 600 billion.

    The draft national budget, fiscal year 2012-2013 has generally increased from 182 billion from the budget for the year ending.

    Rwangombwa also explained how the budget was allocated, noting that this distribution was made on the basis of priority.

    He indicated that the budget items concerning in particular the acquisition of office equipment of public institutions and the central administration and travel expenses and training have been revised downwards.

  • Frw 297Bn Pledged to Support National Budget

    Rwanda has been commended by development partners for effectively utilising grants and have pledged to contribute about Frw 297.9Billion as support to the national budget.

    The Minister of Finance John Rwangombwa said, “Donors commend our different strategies that aim at boosting national economy to fight poverty.

    We tried to downsize funds channeled directly to the national budget, and focusing on investment projects’ budgets. We also discussed on preparation of EDPRS phase 2 and their part they will have to play”.

    This follows a meeting between government and budget support development partners in which they discussed the draft budget framework for the year 2012/13-2014/15, with future spending guided towards projects and programs that seek to further accelerate a pro-poor growth within sustainable framework.

    The two day joint budget support review meeting also discussed strategic priorities and budget allocation for the fiscal year 2012/2013.

    Rwangombwa said more funds have been allocated to potential investment projects, unlike in the usual budget where funds were injected directly into the national budget.

    The meeting also placed emphasis on strategic issues relevant to the short and medium term development of Rwanda including; infrastructure development especially energy generation, private sector development and investment in feeder roads.

    Nils Warner, the head of the Chair of Budget Support Harmonization Group, who is also the head of Germany development cooperation hailed the discussions Rwanda holds with her development partners on budget allocation.

  • Kenya Airways Increases Destinations

    Kenya Airways (KQ) has increased its frequencies in Mumbai from 7 to 10 aimed at catering for the demand between India and Africa. KQ is looking to be in 91 destinations in five years and 115 in 10 years.

    To enable the expansion, the airline is relying on the delivery of new aircraft with a new Boeing 767 expected to enter into service in the next couple of weeks.

    The airline plans to launch operations in eight other destinations this financial year after it acquires new aircraft to facilitate its expansion plans.

    The airline is looking to increase its presence in Kenya and Africa by moving into Lamu, Eldoret, and Kilimanjaro in Tanzania, Malakal in South Sudan, Mauritius and Cape Town.

    Also in the pipeline is Beirut in Lebanon besides the recently opened direct flights to New Delhi.

    KQ has its eyes on capitalising on strong trade routes including introducing flights to other destinations in India and China. “We are looking at a selected number of other destinations in India.

    We want to do it soon, with new equipment we can venture into more destinations, move long-haul,” said Mohan Chandra, the airline’s commercial manager.

    The airline’s chairman, Evanson Mwaniki, said one of the destinations the airline was eyeing in India was Ahmedabad, the largest city in the state of Gujarat, India.

  • BNR Launches Rusizi Branch Site

    The National Bank of Rwanda (BNR), launched the construction of its Rusizi branch last Friday in Rusizi Town, Western Province, bordering Bukavu Town of the Democratic Republic of Congo.

    BNR Vice Governor, Monique Nsanzabaganwa, laid the foundation stone at the site, assisted by the Governor of Western Province and the Vice Mayor of Rusizi District and other officials from the public and private sector.

    Nsanzabaganwa said the opening of BNR branches in districts is aimed at taking services nearer to the people and other stakeholders like commercial banks. Bank of Kigali, Fina Bank and Kenya Commercial Bank are among those operating in the area.

    Nsanzabaganwa however urged commercial banks to introduce services that target all the classes of the population, instead of targeting the salaried employees. She further advised the local people to form cooperatives and secure loans from banks for income generating activities.

    Further she said the District Access to Finance Committees should be able to work with commercial banks to ensure that the general population gets sensitized on finance and banking.

    The almost RwF 2 billion project in the centre of the town is being implemented by Real Contractors Limited, a leading local real estate and commercial construction company. The company donated RwF 300,000 towards the community-based health insurance scheme (Mutuelles) for 100 who cannot afford to pay.

    Handing over the cheque to the beneficiaries, Charles Lugira, the company’s General Manager, said it was part of their corporate social responsibility and that the company gives this assistances to people in areas where it builds. “We have also contributed to government programmes like One Cow per Family Project (Girinka) and eradication of grass-thatched houses (Nyakasi),” Lugira, whose company is soon completing, building the BNR Rwamagana Branch, said.

    Celestin Kabahizi, the Governor of Western Province said the BNR branch is a sign of the development of the province and appreciated Real Contractors for the donation towards health insurance scheme for the poor. He also thanked BNR its decision to build a branch in the district.

    Rusizi Vice Mayor in Charge of Finance, Economic and Development, Marcel Habyarimana said the BNR branch is another addition to the developments in the district, particularly Rusizi town.

    BNR works to ensure and maintain price stability, enhance and maintain a stable and competitive financial system and support Government’s general economic policies.

  • Minister Kanimba Launches Growing SMEs Conference

    The Minister of Trade and Industry, Honourable Francois Kanimba has officially opened the Growing SMEs International Conference at LEMIGO Hotel in Kigali.

    Minister Kanimba told the participants from different parts of the world that Rwanda is a favourable doing business destination recognized by World Bank and other international agencies.

    The Minister said, on macroeconomic policies, Rwanda is the most stable in the region and has been Implementing Comprehensive governance reform agenda including; zero tolerance to corruption.

    “This is not a slogan but a reality and we are close to attaining total compliance, “says Kanimba.

    Over 36 speakers are expected to present at the conference launched under the theme, “Connect, Exchange and Invest.”

    The Conference is centered on discussing policies and exchanging ideas about assisting SMEs in becoming competitive and export oriented. What role can government play to enhance the comparative advantages of SMEs or to alleviate their comparative disadvantages?

    What role can government play to make SMEs competitive in Export markets? What are the best practices and how can we learn from the best players? The conference is intended to answer all these questions.

    The Conference is organised by BiD NETWORK in conjuction with JCI-Rwanda and Rwanda Development Board (RDB).

  • Girls, Get Some Standards

    Iam a girl. I believe that girls are gifted in different departments of life; from natural love to professional potential abilities in the outside world.

    I also believe that we are considered strong and brave according to what we endure in life. Enduring biological changes and dealing with what happens around us in the world ( men can confirm my statement). We are Ladies and strong women… at least we should be!

    We are not Ladies and strong women at birth, we become ones and it requires a lot of effort and work.

    Girls today behave in very strange ways. They are desperate, give in easily, forget what they are worth and misbehave in so many ugly ways. They completely forget their values and identity as women –to- be. They really cheapen themselves.

    Let me tell you something, we are the ones responsible for whatever guys think negatively of us, our actions and behaviors push them into thinking of us the way they do; that we are cheap,easy,dumb and do not pay attention to our own selves and values. As a reminder; men respect women who respect themselves.

    Our mothers have always told us to watch out what we do because what we do determines who we are. Girl, that boy is cute, good to you and has the money you need but what’s the money to you? Will it buy you respect and love? I don’t think so.

    You’re worth uncountable zillions of money you shouldn’t let what he owns first impress you. Many of them run after you, how do you act? Like a sport fishing girl or like one with strong personality? If you act like a girl to whom money means everything, you might get that money but will you be treated the way you deserve to?

    You settle with every guy running after you, does that show them the way you respect yourself? The fact is you’ll be followed by a hundred more men if you want to but only once they’ve seen that you distinguish yourself and they will be following you for very different purposes here I mean decent purposes.

    What I am trying to say here is that you are full of potential, your brain is there for you to be used, your character and personality to show how you really act and your actions to determine what kind of person people are dealing with. Become a Lady, let people who approach you respect you in such a way that they think twice before they let anything out of their mouth to you.

    Set yourself standards, respect them and let them known, recognize and regain your value, respect yourself first if you want to get it in return. Be a Lady so that everyone shall recognize you on that note.

    Let the one who’ll get you be with you because he fell in love with your personality, the person that you truly are and for the many decent things that you are able to offer instead of loving you for what he can easily get from you.

    A Lady deserves true love, real respect from others and appreciation for the wonderful person she naturally is, for her worth, but most especially for how important she considers her special and precious self. So girls, become Ladies and let men treat you like one.

  • Confessions of a Western Journalist

    Stepping onto the tarmac the warm Kigali air greets me. I breathe in deeply, as if it is the first breath I ever took. I push away the thought of enduring the stale air once again for my 22-hour return flight in just six weeks time.

    Australia seems another world away as I adjust my physicality to another time and place that is at once familiar to me, and yet, still so foreign.

    As I leave the airport, the natural movement of Kigali brings a smile to my tired face. The frustration of having my small framed body squeezed between two large men in the middle isle seats of the aircraft for fourteen and a half hours from Melbourne to Doha begins to fade. I stare out the car window and feel the wind blowing away my fatigue. I am alive again.

    As we drive across town from the airport to Nyamirambo I am reminded of my homeland Tasmania, Australia’s southern island state. The green and hilly landscape that defines Rwanda is also a touristic feature of my home.

    We share similar size capital cities and indeed my island home could even fit snug within this country’s European defined-borders. Just as Rwanda prides herself at being situated in the heart of Africa, some say the shape of Tasmania is that of a heart.

    And so, at the same time I am far from home, I am not far at all.

    It is the rich and storied landscape of the African continent that led me here, first in 2009, then four consecutive times until today. Like others before me of my kind – European writers, journalists and media producers – I come with the intent to tell Africa’s stories to the world.

    Certainly, African life has provided a constant source of fascination for the ‘European gaze’, resulting in a vast array of documentaries, books, films, articles, photographs and commentary, mostly from the perspective of the outsider.

    While the outsider too is gazed at (as the foreigner so often is, e.g. the recitation of ‘muzungu-muzungu’), it is the ‘gaze’ of the European that has been the most ‘productive’, or one could say, exploitative, for it is this gaze that has led to the dominant modes of representation of Africa and its people. According to Adinoyi-Ojo, this has led to an “unevenness of cross-cultural exchange”.

    It is true that the World Wide Web has linked different parts of the world creating more diversity in who speaks but within this ‘global village’ there are limited and specific speakers who dominate the dialogue.

    As Morley and Robins point out, the conversation is one-way, in which “the West speaks and the Rest listen”. Various African scholars argue that the domination of Western perspectives has led to the African continent and its people being “systematically misrepresented”.

    Of course today, these misrepresentations are being challenged by local media producers, especially film-makers, who are reconquering and revising images of Western representation about Africa, reclaiming their rights to represent themselves and co-construct a world about themselves.

    My mission in 2009 was perhaps no different to many other Western journalists who seek to journey to Africa and tell its stories. I had come to Eastern Congo to tell the story of the plight of refugees in Goma.

    Many would say it is a cliché story for the Western media. Of course it is a story that needs to be told but it is not a simple story as most people know, and if such a story is over-simplified, as Western journalism is so often accused of when reporting Africa, such a story fails to adequately inform its audience, and instead the reportage distorts, misrepresents and even perpetuates existing stereotypes of Africa.

    I had spent just five days gathering people’s stories from several refugee camps. In that time I came to realize I had not the knowledge or the expertise to be telling this complex refugee story. The story required someone with a deep insight into the issues in the region.

    Furthermore, for the first time in my life as a journalist I began to feel uncomfortable taking people’s stories. It became clear to me that the dialogical engagement between myself and the people I was seeking stories from was critically uneven.

    A post-colonial critique may pose the questions, how is telling the story of the Other, in this case the refugee, not “simply a form of surveillance and neocolonization”? And is the desire to have access to and to know the Other yet another “colonizing gesture”? For Homi Bhaba, asking questions and demanding answers is a significant strategy of “surveillance and exploitation” which re-ensures the authority of the colonizer.

    Thus the question arises, is it possible for Western journalists and media producers to escape their cultural Eurocentrism in order to articulate a critical narrative of Africa?

    I came across a similar experience when I was telling what could be labeled as another ‘cliché’ story, that of the life of the Pygmy, the Indigenous People of Central Africa. For this story, I reached a community who were renowned for their pottery work.

    I was taken back when one woman accused me of being yet another Muzungu coming to conduct research on ‘them’, who would then return to her comfortable life, most likely profiting from her story, and yet their life would not improve, just as it hadn’t done so in the past when other researchers or journalists had come seeking their stories.

    The woman’s words made me think critically about my role as a Western media practitioner drawing stories from Africa and why I felt I needed to tell these stories. On the other hand, I did not wish to be a ‘parachute’ or ‘fly-in/fly-out’ journalist who after getting a story was never to be seen or heard of again.

    I yearned to strengthen my knowledge of the region, and as the friendships I made grew and deepened, I felt almost an obligation to visit and revisit. Upon each visit I found it difficult to return home.

    I had grown very fond of Rwanda in particular. I was fortunate that I was able to come and go and fund the travel through telling stories. After visiting Kibuye for the first time I was compelled to share the mysterious and untouched beauty of this tranquil place so I wrote a travel article, something I so rarely do.

    As for my role as a radio documentary producer, I began to critique and reflect on how I told African stories, why I felt compelled to tell them, and ask myself whether it was my place to do so.

    This reflection led me to critique Western journalism’s liberal individualistic paradigm which perhaps can be problematic when Western journalists are reporting in places where community takes precedence over the individual, thus another question is posed: Can the West’s “individualistic ethos” understand the nature of community that is intrinsic to African societies?

    Some scholars have argued instead for a communitarian journalism that “deepens connections between members of community both near and far”, and attempts to “locate connections from group to group, culture to culture” and to emphasise the profound “commonalities” between human beings.

    Creating shared connections between peoples of different cultures certainly instills a sense of communality amidst humanity’s diversity. But such an aspiration is distinctly different to the West’s “Us vs Them” style of storytelling which at its worst can create divisionism.

    It is the ethics of representation, or more specifically, the representation of Africa in the Western mainstream media, which I have come to explore more deeply, not only as a media practitioner and as part of my PhD research but as someone who has become deeply connected to people in Rwanda both in country and within the Diaspora.

    Based on my own personal experiences telling stories from this region, my research question is this: does the Western libertarian journalism model serve well the stories that are told from Africa? Or is another form of journalism required – a hybrid form of journalism – one that is informed by local knowledge systems and African ethical roots, as well as the virtues of Western journalism?

    Working self-reflexively as a media practitioner in Africa, I have begun to question the set of frameworks I use to interpret and to understand the life of people here. I can use the following metaphor to emphasize this point: When on a moto to Kigali city centre I was given a helmet with a cracked and damaged wind-screen and so my view of things around me became distorted and unclear.

    I could see that the helmet wind-screen is like the Western lens in which I view Africa and tell its stories. However, it is the poignant statement by Michel Foucault that I may rest my morals, and may help me determine whether I am in a position to continue telling Africa’s stories at all: “There are times in life when the question of knowing if one can think differently than one thinks, and perceive differently than one sees, is absolutely necessary if one is to go on looking and reflecting at all.”

    The Author is an Australian Journalist (PHD Student)

  • Puma Energy Buys Kobil

    Puma Energy LLC (“Puma Energy”) has acquired majority stake in KenoKobil Limited commonly known in Rwanda as KOBIL.

    Patrick Meyer the Puma Energy head of Coporate Affairs at Global level told IGIHE that Puma Energy has signed an exclusive agreement with the key shareholders of KenolKobil Limited (“KenolKobil”) to acquire a majority stake in KenolKobil.

    He explained that the exclusive agreement is conditional on due diligence, price confirmation and regulatory approval.

    KenolKobil is listed on the Nairobi Securities Exchange, and is one of East Africa’s largest oil marketing companies operating across 10 countries in Africa.

    Any subsequent transaction, which is conditional on due diligence and regulatory approvals, would add: US$ 2.5 billion of net sales; A strong asset base, including over 400 retail service stations and 180,000m3 of storage capacity;
    Strong strategic fit with Puma Energy’s existing businesses;
    Important new markets to Puma Energy’s African presence, including Kenya, Uganda, Rwanda, Ethiopia and Burundi; and a highly skilled employee base of 557 and a highly experienced management team.

    Puma Energy was formed in 1997 focusing on emerging markets and has grown rapidly in the midstream and downstream oil sector. Headquartered in Switzerland, Puma Energy now operates in 29 countries around the world.

    As well as operations in eleven countries across North and South America, Puma Energy has been working in Africa for a decade, and now operates in twelve countries across West, Central and Southern Africa. The company has oil storage terminals in northern Europe, the Middle East and South East Asia, with planned developments in India.

    Puma Energy is one of the fastest-growing midstream and downstream oil companies in the world, and continues to invest heavily in Africa, strategically partnering across the continent with key emerging African players including Sonangol, the national oil company of Angola.

  • Rwanda’s Economic Growth to Drop by 0.9%

    Finance Minister John Rwangombwa has disclosed that Rwanda’s economic growth will drop to 7.7% this year from 8.6% of 2011 as a slowdown in Europe curbs tourism and falling commodity prices reduce revenue.

    Rwangombwa said in an interview Tuesday in Addis Ababa, Ethiopia, where he is attending the World Economic Forum on Africa.

    Tourism is the largest source of foreign currency for Rwanda accounting for about $200 million annually.

    “It is mainly about world economic shocks and how tourism will be affected,” Rwangombwa said. “Commodity prices are affecting our exports.”

    Rwanda aiming at drawing more foreign direct investment while seeking to reduce dependence on commodity exports.

    The export of coffee and tea has expanded an average of 8.4% annually in the five-year period that ended in 2011, according to the United Nations.

    Rwanda Central Bank has room to leave interest rates on hold as the inflation rate should stay below 10% this year, Rwangombwa said.

    Inflation accelerated to 8.2% in March from 7.9% in February.

    The Bank of Rwanda raised its key lending rate by 50 basis points, or 0.5 percentage point, to 7.5% on May 4. It was the first increase in six months.