KIGALI (Reuters) – Rwanda will offer domestic bonds in August and November as part of a plan for regular issues to develop the tiny capital market, attract foreign capital and create more savings instruments in the poor African nation, the central bank governor said.
Governor John Rwangombwa also told Reuters that an increase in bank credit and a pick up in agriculture would help Rwanda’s economy expand by “a minimum of 6 percent” in 2014 after growth tumbled well below expectations to 4.6 percent last year.
KIGALI, March 26 (Reuters) – Rwanda may offer reduced tax
rates soon for investors in energy, transport and logistics, as
well as to fund managers and export-oriented projects, under a
new investment code, a Rwanda Development Board (RDB) official
The new code, which still needs cabinet approval, is part of
a broader strategy to wean Rwanda’s economy off aid and speed up
the country’s development. It could be in place by the end of
April, said Vivian Kayitesi, head of investment promotion and
implementation at the state board.
NAIROBI (Reuters) – Somalia has long defied the maxim that death and taxes are life’s only two certainties – with years of chaos and killings but little in the way of a coherent state to collect revenues and tariffs.
That could all be about to change if newly appointed finance minister Hussein Abdi Halane gets his way and manages to persuade businesses to support a new comprehensive tax system in the ravaged country.
NAIROBI (Reuters) – A military offensive led by an expanded African peacekeeping force aims to drive Somali Islamist rebels out of their remaining strongholds by the end of 2014, the Somali prime minister said on Wednesday.
Prime Minister Abdiweli Sheikh Ahmed, appointed in December, said al Shabaab rebels who “look like us” would still be able to infiltrate communities but said the goal was to ensure they did not control “distinct areas” of the country as they do now.
ADDIS ABABA (Reuters) – The United Nations is asking donors for more money to fund African Union peacekeepers trying to end inter-communal violence in the Central African Republic, a U.N. official said on Friday.
Almost a million people, a quarter of the population, have been displaced by fighting since the mostly Muslim Seleka rebel group seized power last March in the majority Christian country. At least 2,000 people are estimated to have been killed.
ADDIS ABABA (Reuters) – A regional African group mediating to end the conflict in South Sudan aims to deploy the first monitors of a shaky ceasefire at the weekend, senior officials said on Friday.
The IGAD group also joined international calls for the release of the last four of a group of detainees in South Sudan whom the government is investigating over charges they plotted a coup, but whose continued detention could hinder peace talks.
ADDIS ABABA, Jan 31 (Reuters) – A regional African group
mediating to end the conflict in South Sudan aims to deploy the
first monitors of a shaky ceasefire at the weekend, senior
officials said on Friday.
The IGAD group also joined international calls for the
release of the last four of a group of detainees in South Sudan
whom the government is investigating over charges they plotted a
coup, but whose continued detention could hinder peace talks.
ADDIS ABABA, Jan 30 (Reuters) – The United States called on
South Sudan on Thursday to release the last four of a group of
detainees held on suspicion of trying to stage a coup, a move
that could clear a major sticking point in talks to end weeks of
The senior political figures were arrested after clashes
broke out between rival groups of soldiers in South Sudan’s
capital Juba in mid-December and quickly spread across the
oil-producing nation along ethnic lines, killing thousands.
ADDIS ABABA (Reuters) – Somalia’s president said he wanted the U.N. Security Council to extend a partial lifting of an arms embargo beyond its March expiry because Somali troops need more and better equipment to battle al Qaeda-aligned insurgents.
President Hassan Sheikh Mohamud also said in an interview that he was working to improve public finances management after the resignation of two central bank governors last year rattled Western and other donors.
ADDIS ABABA, Jan 29 (Reuters) – Uganda should start
withdrawing troops from South Sudan, where they have been
backing government forces against rebels, to avoid worsening a
crisis in the world’s newest state, major donor Norway said on
The comments were the clearest statement of concern from a
member of the troika of South Sudan’s main Western backers about
the impact of Uganda’s military presence.