Tag: a_doingbusiness

African Development Bank has said Kigali will host the 2012 African Economic Conference from 30 October to 2nd November, 2012.

The theme of the 2012 conference is” Fostering inclusive and sustainable development in Africa in an Age of global economic uncertainty”.

The conference will focus on long-term continental economic growth in the aftermath of the financial and economic crisis.

According to African Economic Outlook 2012, Africa’s average growth declined from 5% in 2010 to 3.4% in 2011, mainly due to the political uprisings in North Africa, whose growth rate was only 0.5% in 2011.

With the gradual recovery of North African economies, average growth is expected to rebound to 4.5% in 2012 and to 4.8% in 2013.

Graduates from the Akilah Institute are expected to be employed at the Marriott hotel in Kigali which is due to open in 2013.

The Hotel is apparently the first largest Marriott hotel in sub-Saharan
Africa.

Some young Rwandan women were chosen to undergo a training
session in Marriott’s hotels in Dubai and Doha.

Marriott expects to hire 10,000 employees, majority of which will be local residents, in its upcoming hotels on the continent.

KCB bank Group is looking for a dynamic, energetic and experienced strategist to head the bank following the resigniation of its Group chief executive Martin Oduor-Otieno.

The regional bank has contracted consultancy firm Manpower to help identify the new CEO, which will further deepen the change in the composition of the KCB’s board and executive suite that began last year.

Oduor-Otieno, 56, is due to retire in April 2013 after the expiry of his second two-year term, which was granted in May 2010 nearly a year before the end of his first four-year tenure in April last year.

The changes emerge at a time when the bank is in the middle of a major restructuring plan that saw it cut its executive suite by nearly half, leading to the exit of deputy CEOs Sam and Peter Munyiri.

The Ministry of Trade and Industry has embarked on a national campaign awareness on use of standard weights and measures, price display and issuing invoices as way of enforcing consumer protection law and regulations.

According to Bayingana Emmanuel, Expert in the Competition and Consumer Protection Unit, this campaign has been organized in partnership with the Rwanda Bureau of Standards and Consumers Association (ADECOR).

He noted that the team will be inspecting most business entities throughout the country in implementation of law organizing Internal Trade as well as international regulations on weights and measures

In a Twitter interview this morning, The Rwanda Minister of finance has told IGIHE that by the end of September, the fund is expected to be at FRW20 Billion.

Currently the contribution in Agaciro fund stands at about 17.7 billion adding.

Rwangombwa John said in a twitter message, “Currently we have pledges of 17.7bn frw. We expect to be at 20bn by end of september”

The fund aims at galvanizing Rwandans to take a more active role in National development and this should be thought in the sense of long term solution.

During the official launch of Agaciro Development Fund on 23rd August, 2012, President Paul Kagame noted that Rwandans should draw strength to consolidate their progress by taking polite way to fortify them.

At the occasion, Finance Minister John Rwangombwa said the Agaciro will live on until Rwandans have achieved the development they want and have financial autonomy.

In a period of one month, the fund which started with a one billion now is expected to reach 20 billion Rwandan francs by end of September.