Category: Opinion

  • Nigeria, Rwanda to Hold Investment Summit in Lagos

    An investment forum that would bring together government and business leaders in Nigeria and Rwanda is planned to hold in Lagos from May 9th to 14th,2012.

    The forum tagged Nigeria Rwanda Economic Summit is being put together by Limitless Minds Africa,in partnership with the Rwanda High Commission in Nigeria and the Nigerian Economic Summit Group NESG.

    According to Limitless Minds Africa,the 5 day forum would bring together business leaders and influential decision makers in Nigeria,Africa and the diaspora.The event dubbed Embark would feature a Gala,holding on May 12,2012 at Expo Centre,Eko Hotel and Suites.

    It would be an evening of high octave entertainment featuring the breathaking Ingazo Ngari dancers from Rwanda and Nigeria’s own 2face Idibia among others.

    LIMITLESS Minds Africa is an organisation created to bring awareness about business opportunities in Rwanda, a ‘new’ country that has courageously risen from its ashes of the past to a dynamic and vibrant economy.

    Rwanda also acts as a gateway to the East African Community, where a population of 130million people, free trade and transport across borders and common custom tariffs represent a new and exciting market for Nigerian businesses looking to expand into East Africa.

    Limitless Minds Africa is committed to support initiatives that would boost mutual investment opportunities in Rwanda, Nigeria and in Africa. “Our goal is to provide a forum to showcases the abundant business opportunities waiting to be tapped into within the East African country as well as provide a forum for the exchange of ideas amongst business leaders.”

    We are also committed to projecting the positive attributes of Africa as a continent as well encourage Africans to contribute their own quota to build the continent.

  • Sending Gen. Ntaganda to ICC Would Open DRC’s Pandora Box

    Two regional events triggered my mind over the last weeks as I was getting my daily dose of news; one good, one bad! Allow me to start with the ‘bad news’. In the past weeks, newscasts the world over reported on the defection of General Jean Bosco Ntaganda from the DRC Army.

    It was said that he was heading back to the bush which prompted all kind of thoughts on the consequences of such an action and a lot more questions about the “why” of such a decision.

    Why, indeed, would the Congolese authorities want to take such a leap backward in time to the scenes of sheer horror and desolation of wars from the past?

    Why would they run the risk of jeopardising the fragile but promising balance obtained by the integration of Gen. Ntaganda and the CNDP soldiers in the Congolese Army?

    This balancing act which had proved to be to be fruitful in the long run is now hanging by a thread. It seems rather clear to me that the pressure of some western ‘lecturers’ has something if not everything to do with this current predicament; once again, a case of the west knows best and their one size fits all solutions.

    In other words, we, the west, are telling you, the DRC, how to best solve you own problems.There has been, of recent, a recrudescence of calls to bring in Ntaganda to The Hague after Thomas Lubanga was convicted for war crimes.

    Any right minded person could tell you that the atrocities committed in the DRC conflict could not be the work of two people alone, however these two might actually be.

    Doesn’t it strike anyone as odd that none of the ‘friends of the DRC People’ ever consider the effectiveness of having the people of Congo to try and solve their problems of Justice by themselves? To capture the general and send him to the ICC would be to open Congo’s Pandora’s Box all over again.

    Chances of the CNDP reorganizing an independent military force to take on the National Army are bigger than ever. This would have as an unfortunate consequence the regaining by the FDLR of some lost territory, notwithstanding other armed groups. The probability pulling other countries in the region back into a quagmire of violence is sadly very high. I hate to be a prophet of doom but this looks to me like Africa’s World War all over again!

    Now unto the good news; the East African Law Assembly (EALA) just recently passed a resolution urging the EAC Council of Ministers to implore the ICC to transfer the case of the four accused Kenyans facing trial at The Hague to the East African Court of Justice (EACJ).

    “With that, EALA has resolved that the Council of Ministers further submits the resolutions to the 10th Extra-Ordinary Summit of the EAC Heads of State sitting on 28th April, 2012 to amend Article 27 of the EAC Treaty. Amendment of the Article shall provide jurisdiction to the EACJ giving it retrospective effect, the Assembly stated”, could be read in the news.

    The resolution received overwhelming support during the debate on the floor of the House. Some argued that Partner States needed to be wary of the content of future agreements before ratifying them. At the same token, Rwanda was hailed for not appending its signature to the Rome Statute. The Community was urged to find home grown solutions for East African problems; the AU would be the next level to seek assistance in case the EAC couldn’t provide suitable solutions.

    This was really good news, the vision of taking on our own problems for the sake of our people. We have a long way to go and one has to start somewhere, sometime. Let’s not wait for tomorrow ; today is the day to go back to the “lecturers” and ask for their support in building our capacity rather than them trying to solve our problems out of context.

    So maybe this is an opportunity to remind them about their own loopholes in their lecture; it would be interesting to assess the performances and the deliveries of the different international judiciary institutions such as the ICTR, ICTY or the ICC. And the fact that some European countries remain a safe haven for renowned criminals is worrisome.

    Why is it that those lecturers do not pressurize countries like France for hosting and supporting Callixte Mbarushimana who is until this very day one of the FDLR leaders? France is also a sanctuary for genocidaires such as Wenceslas Munyeshyaka, Agatha Habyarimana and many others.

    Can our stand reverse this ethnocentric logic that the West remains the ultimate reference for the organization of Civil Society and State? Can we have the lecturers from donor countries understand that we need balanced interests for both sides of the counter?

    That context needs to be taken in consideration when defining those interests and priorities? Can we remind them that the Alms Dealers are also the biggest Arm Dealers? Isn’t it time to amplify our voices and ask them: “why do you see the speck in your brother’s eye, and do not you see the plank in your own eye?”

  • Rwanda GDP to Grow Above 8.6%–Central Bank

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    Ambassador Claver Gatete the Governor of Central Bank of Rwanda last Friday disclosed that Rwanda’s Gross Domestic product is expected to rise above 8.6% compared to 7.2% of the previous year.

    The central bank governor noted that the economy is expected to grow faster in 2012 compared to 2011 subject to reforms in key agricultural and industrial sectors. These adjustments propelled the Economy’s expansion in 2011.

    Amb. Gatete said, “We are more likely to exceed 8.6% growth of our GDP. We are seeing reforms on the industry side, in addition to the key reforms in the agricultural sector. The signs are good, by any means.”

    Rwanda was least shaken by inflation than Kenya, Uganda and Tanzania where double digit inflation and weak currencies prompted authorities to increase interest rates to around 20 % in some cases.

    Inflation in Rwanda was steady at close to 8%, the lowest in the region, helped in part by the reduction in fuel taxes and good harvest.

    “Last year, our initial target was 7%, but by the end of the year, it was 8.6%. So this year we also hope it is going to be much better. And, even what we see in the first quarter then we are almost more optimistic.”

    Amb. Gatete indicated that the economic growth figures for the first quarter would be released at the beginning of August.

    In March, the International Monetary Fund (IMF) said Rwanda’s economy could expand by 7.5 to 8% in the next two years. The IMF however, warned of the risks of a revenue shortfall.

  • RRA to Install Invoice Devices at all Businesses

    The Commissioner General of Rwanda Revenue Authority, Ben Kagarama said the tax body will establish a new tax assessment system in May.

    The system includes electronic devices that will be freely distributed to the businessmen. 500 invoice devices will be freely distributed to the business premises effective May.

    “The devices have already been used across the world including neighbours; Tanzania and Kenya have similar system in use,” Kagarama said.

    Kagarama told press Friday that some business people are fond of tax evasion especially value added tax. The new system will facilitate both RRA and business people in accomplishing their duties.

    RRA will be able to remote control daily activities of the businesses through the information delivered by the device.

    Kagarama explained, “We have established special approaches of facilitations to the businesses in Rwanda; this is why in May we’re coming up with a new system that will enable us to evaluate the VAT payment.”

    The device will be installed inside shops and other business consigns. Information recorded by the device will be directly transferred to the RRA receiver. “We will freely distribute the devices to businesses premises and train them how to use them,” Kagarama noted.

    Kagarama said the first free 500 devices will be distributed in May.

    He assured that there will be no concern with challenges RRA has already observed the practice and its impacts from other countries. RRA is ready for all sorts of inconveniences arising from the use of the devices.

    He noted that some businessmen lose invoices after they pay-this is a problem to assessment of tax payment. Businessmen normally used to declare only the number of the invoices on which they pay the tax, which was very risky.

    Businessmen will be able to distantly control their business and have the factual information. Those that will be given the device first are classified in high risky category of forgery.

    The RRA has also established severe penalty to businessmen who will either try to operate outside the system or abuse the device to dodge the tax.

    According to Kagarama, the new system is the complement to the previous one established in February where the payment and declaration is done online (internet).

  • RSE Market Records a Lower Turnover

    On Monday 23 April, the Rwanda Stock Exchange (RSE) market started the week on a low profile recording a lower turnover of Frw 669,000 compared to Friday’s trading session.

    Bank of Kigali (BK) and Bralirwa recorded each, 1 transaction of 200 and 2,000 shares which traded and closed at Frw125 and 322 respectively.

    BK and Bralirwa shares remained unchanged from Friday’s closing price.

    Kenya Commercial Bank (KCB) shares last transacted at Frw135 while Nation Media Group (NMG) shares last transacted at Frw 1,200.

  • IMF to Raise Funds For Low-Cost Loans to Poor Countries

    The IMF Managing Director Christine Lagarde has said that her next focus is to raise funds for the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides low-cost loans to poor countries in Africa, Asia and Latin America.

    She urged wealthy countries, which made a profit from the IMF’s sale of 403.3 tonnes of gold last year, to reinvest the windfalls into the PRGT.

    “We need more money in that trust if we want to finance concessional loans for the low-income countries,” she said after talks in Washington with African finance chiefs.

    The IMF in 2009 set a target to raise $17 billion to lend to the poorest countries. So far, 32 IMF member countries have reinvested profits from the gold sales into the fund.

    Lagarde’s comments were aimed at easing concerns that the IMF and donor nations may turn a blind eye to poor countries as they home in on containing the euro zone crisis.

    Elizabeth Stuart, a spokeswoman for Oxfam, said poor countries have exhausted their resources to deal with contagion from the rich world, while facing the first drop in aid since 1997.

    “Governments are throwing money at the IMF to deal with the European crisis, but where is the money for poor countries?” she asked.

    Meanwhile, earlier in March (15–28) IMF mission, led by Catherine McAuliffe, visited Kigali-Rwanda to conduct discussions for the fourth review under the Policy Support Instrument (PSI).

    McAuliffe issued a statement, “Rwanda’s recent economic performance has been strong. The growth of real gross domestic product (GDP) exceeded 8% in 2011 and is projected to be in the range of 7.5–8% for 2012 and 2013.

  • Fastest-Growing Economies in the World Now in Africa

    The World Bank has reported that Sub-Saharan African economies will experience faster growth in 2012 as still high commodity prices and investments in mining offset the drag from weak exports to Europe.

    The World Bank estimated growth in sub-Sahara Africa rising 5.2% in 2012, which will be an acceleration from the 4.9% expansion logged in 2011.
    This comes the Bank’s twice-yearly analysis of the issues shaping Africa’s economic prospects.

    That would take growth in the regional economy just above the pre-crisis average of 5 %. The estimate is a touch below the International Monetary Fund’s forecast for 5.4 % growth this year.

    “African economies continue to show resilience and some of the fastest-growing economies in the world are now in Africa,” said Obiageli Ezekwesili, the World Bank’s vice president for Africa.

    “The urgent agenda remains sustaining the macroeconomic reforms while accelerating the structural reforms that will deliver the right quality of growth that creates jobs and raises incomes on the continent.”

    Dr. Hussein Abdul the Director of Action Aid Nigeria says that African Leaders celebrate growth yet this doesn’t translate into poverty reduction. He says Poverty levels are still high and that there has been minimal transition
    Hussein blames World Bank Economists saying they rely mostly on figures and never take a look at People on gorund.

    However, the Bank noted that the regional economy was vulnerable to commodity price declines, given the cooling in Chinese growth. Commodities account for 70% of sub-Saharan Africa’s exports.

    But the region has become a magnate for capital inflows as the debt crisis in Europe forces investors to find other places for their money.

    According to the Bank, capital flows to sub-Saharan Africa rose by $8 billion in 2011 to $48.2 billion. Foreign direct investment, which accounts for about 77% of all capital flows to the region, contributed to about 83% of the increase.

    “Recent foreign direct investment to the region has been spurred by increased global competition for natural resources, higher commodity prices, robust economic growth and a fast rising middle class,” says the Bank.

  • 100 Days to The Olympic Games in London

    In just 100 days time, the 2012 Olympics will open in London – a spectacular start to the greatest show on earth. We want to share these fantastic Olympic and Paralympic games with the people of Rwanda and that’s why my message to you today is this: “welcome”.

    These games – and this summer – will be a proud moment for Britain. We will not only be staging what we’re determined will be the best Olympics ever, but also celebrating the 60-year reign of Her Majesty the Queen–the second longest-serving monarch on the planet. It’s a very special time for our country and we want to share it with the people of Rwanda.

    I know Britain will be looking its best. We’ve built brilliant new venues – on time and within budget. We’ve got our city ready, our transport systems in place, and we are looking forward to welcoming the world.

    What will London 2012 offer? My view is that these games are about two things. Yes, sport will be at the heart of this great competition. We will see world records broken, memories created and new friendships begun during the games themselves.

    But when the events are over and the medals handed out, I am determined that these Olympics will go on changing lives for the better.

    This legacy is vital. When we won our bid, Jacques Rogge, the President of the International Olympic Committee, talked about the “distinctive magic” that the UK will breathe into the 2012 Games – and we’ve been making sure it happens.

    As the only city to be awarded the Olympics three times, we’ll be holding the games in a great tradition.

    In 1908 the modern Olympics came of age in London – the city where Olympic athletes paraded under their national flags for the first time. The route of the marathon – 26 miles, 385 yards – was set so that the race would start at Windsor Castle and finish in front of the stadium’s Royal Box, and that is the distance that has been used worldwide ever since.

    Then, in 1948, the Games took place in the shadow of a devastating world war. Yet London succeeded in bringing countries together to celebrate the Olympic ideals of friendship and international community. More than that, they created new opportunities for women in sport, pioneered the Olympic volunteering movement, and laid the foundations for the modern Paralympic Games.

    And this summer, when athletes and visitors arrive, they’ll find a whole new quarter of London around the Olympic Park, in the east of the city. It’s been a powerhouse of regeneration, and when the games are over it will be the site of new homes, business and jobs.

    We’ve led the way with new methods of design and construction, using low-carbon technologies to make London 2012 the first truly sustainable Games.
    And by investing in new sporting facilities and establishing a new ‘School Games’ competition in schools all around the country, we’re inspiring new generations of young people to experience the joys and benefits of sport.

    But the legacy of London 2012 is not limited to the Britain. The International Inspiration programme is creating opportunities for more than 12 million people in 20 countries around the world.

    Not only is it allowing more young people to enjoy sport today, but it is also helping to change the way these countries promote sport in schools and across society for the long term. It’s a great example of how determined we are to ensure that every nation, and not just the UK, can share in the inspiration of 2012.

    So I want these games to be about more than just welcoming athletes to London for a single summer. We want to build new and lasting links between Rwanda and Britain.

    If you are a student or academic, is a chance to find out more about a country which has four of the top ten universities in the world, and more than 75 Nobel prizes for science and technology alone.

    If you are an entrepreneur or investor, London 2012 is a chance to discover new opportunities in a country which has the fewest barriers to entrepreneurship in the world.

    And if you are a tourist or visitor, it is a chance to experience Britain’s unique blend of the old and the new – the history and heritage of our castles, landscapes and royal houses alongside the cutting-edge culture of our music and art, our theatre and fashion.

    Great sport. Great business. Great culture.

    Hosting the London 2012 Games is a tremendous honour. We want to make it a great moment for Britain, and we are looking forward to welcoming the world to be part of it.

    The Author is UK Prime Minister

  • How to Write Your CV

    Does it suddenly seem like everyone has a degree and is scrambling for the same jobs you want, and worse, a few have an edge of experience over you? One of the biggest problems is that most applications look and sound the same.

    Most internship applications start with ‘Please offer me a placement in your reputable organisation’ and then go on to say nothing about this organisation, and to list 10 areas of interest, way beyond the organisation’s scope.

    This, according to job placement and human resources experts, demonstrates the applicants’ lack of knowledge of the work of the company/organisation they are applying to, which is very unattractive, especially in the internet age when a lot of the information about various companies is either a click or button press away even on your most basic mobile telephone if you don’t have a computer.

    There is need to tailor your applications in order to stand out from the crowd. The fact that you have a degree or diploma is not a sufficient weapon in the competition; everyone else has one. So what is different about you?
    Why should you be the one they call and not any of the other applicants?

    Read job advertisements carefully!

    This sounds simple but is often ignored, and is evident in irrelevant cover letters and resumes. These adverts contain the correct name or acronyms of the organisation, who to address the application to, and most importantly, what qualities and skills they are looking for. Internalising these enables you to

    tailor your cover letter and resume to showcase the skills that the potential employer is interested in.

    The cover letter

    This is your introduction to the employer, and is your first chance to impress. If you have a ‘common’ one that demonstrates apathy to the organisation and job advertisement, it is not likely that they will go on to see your resume.

    Make use of the cover letter to demonstrate your knowledge on the organisation, front-load the skills sought and demonstrate your ability to pay attention to detail. Misspelling your own name in the first line will make the
    Human Resource personnel doubt your ability to write accurate reports.

    If a position of administrative assistant is advertised, your first paragraph should talk about similar experience and with the appropriate qualification (name it) you believe you are able to fill the post.

    Talk specifically about the organisation and the skills you believe you will be bringing to it, and maybe, the department you think you most fit in. This demonstrates that you understood the advert, invested time in knowing and understanding the organisation. Also, share their mission and goals to a considerable extent.

    Your cover letter should consist of three paragraphs: First, the introduction paragraph, which must state the position you are applying for, and why you are applying and how you learned about the position. Do a little research and say something about the company. State your qualifications, education, experience, interests, etc.

    Second, the cover letter job-matching paragraph. Now briefly expand on your qualifications, education, experience and interests, especially those that match the employer’s needs. You want to appear as the perfect applicant.

    Additionally, cover letters should call out other key parts of your resume that you want the employer to notice. Third, the cover letter “close” paragraph that ends with a bold statement that you are a strong match for the job position.State that you are looking forward to meeting with him/her.

    Refining the Resume

    Thirdly, treasure and improve your resume often. If your cover letter sets you apart from the thousands of applicants, the resume is the next place to make sure you stick in the employer’s mind.

    How? Make sure it has a neat format, is up to date, has no typos and needless to say, speaks to the job advert. In the cover letter you frontloaded your skills and abilities in brief, and how they fit the organisation.

    The resume is where you detail these skills and qualifications. And don’t underestimate the impact of citing your volunteer and internship experiences. Be careful to state your duties in your former work place. Proceed to list your special skills; refer to the advert and emphasise those sought after, and more.

    For instance, Computer; MS Office, Stata, programming, typing, etc, public speaking, analytical reading and writing, ability to work under minimal supervision, counseling, etc, as necessary.

    Qualities may include; ability to stay calm under pressure, beating deadlines, creativity/innovativeness, leadership, commitment to the organisation’s values or whatever others are your own, e.g. social justice, customer satisfaction, etc.

    Review Documents

    Last but not least, review your documents before submission. A friend can help you look through to make sure they are clear and coherent. Just because the job situation seems bleak for many doesn’t mean we should go around aimlessly dropping off resumes and cover letters that have nothing to do with the jobs we are seeking.

    Front-loading an IT degree and driving or listening skills for a job that clearly asked for a law degree and fundraising experience for the position of
    executive director, is a sure way to keep you job hunting for long. Yet, your degree and the listening skill are applicable in many other places.

    Scrutinise jobs well and apply, purposefully, with outstanding cover letters and resumes that make you desirable.

    Finally, after submitting the documents follow up with a humble inquiry email in at least two weeks, about their receipt of the application, not their decision to hire.

    And here is something to remember: The purpose of a cover letter is to get your resume read. The purpose of a resume is to get an interview. The purpose of an interview is to get a job.

    The Author works with Platform for Labour Action, an NGO.

  • Rwanda’s Past and Future

    At a time when Rwandans recall the genocide of 1994 that forever changed their lives, it is important to draw attention to the miracles of post-genocide Rwanda.

    The will to live and, yes, to thrive –to create a post-genocide culture that acknowledges the past and yet chooses its future is Rwanda’s important gift to the world.

    It speaks to the honor and integrity of its people and its leaders—and reminds all of us that recovery and renewal are the hallmarks of a healthy and hopeful society.

    I have been to Rwanda six times in the past four years and have visited the Kigali Genocide Memorial Center each time. The fact that it records and memorializes not only its own tragedy but the tragedies of all genocides speaks volumes to the humanity and wisdom of the Rwandan people.

    Genocides are unspeakable and incomprehensible—and yet they must be put before the people so that they can understand how they happened in order to ensure that they will not happen again. Rwanda has taken charge of its own destiny and therein lays its success.

    Through old and new traditions they have shaped the post genocide world, determining to restore normalcy– or more accurately– create a new normalcy—built on the infrastructure of sound judgment with regard to guilt and innocence—delivered in a system at once pragmatic and just. Their unique approach to truth and reconciliation, the Gacaca Courts, serve as a model to the world.

    However, dealing with the past is essential but not sufficient. It is the foundation on which the future is built. Rwanda’s future is dependent on self-reliance, education, good governance, entrepreneurship and vision. Vision acknowledges that the nation, as all free nations, is a work in progress—never a finished and closed system.

    There is always room for improvement—and that requires the energy and ingenuity of the people—and the sense that the people are the responsible parties.

    The people live in two worlds—the private world of family and friends and the public sphere—where they assume responsibility for the public good—for the future of their community and their nation.

    That responsibility, I believe, is the greatest privilege a person can have—and informed and engaged citizens are the most important “insurance” a nation can have that it will not slip back into an unacceptable reality, but rather create its own reality—a reality that calls for freedom and justice for all.