Asia's Raffles Family Office has agreed with the Rwanda Development Board to promote developments in the African country to its client network, including infrastructure and tourism projects surrounding Rwanda's plans to host Formula One racing. https://t.co/ugi3CrNu5J
Rwanda’s financial center has attracted more than $600 million in assets as it seeks to challenge Mauritius as a hub for investment into Africa https://t.co/pCtZAPWW5J
Bank of Kigali, Rwanda’s largest commercial bank, just became the first Rwandan lender to join China’s Cross-border Interbank Payment System (CIPS). With the move, the bank can settle transactions directly in yuan, reducing reliance on the US dollar for trade with China. OVER 67 African banks spanning 38 countries have joined the CIPS network through varying levels of participation.
CIPS completes cross-border yuan settlements in 300 milliseconds to 10 seconds, vastly outperforming SWIFT's 1 to 5 business days. Furthermore, its direct real-time clearing bypasses intermediate dollar conversions, cutting transaction costs by 95% to 98%.
@serugo@Osy_VP@EvaNyanzi Of course that's not true. Coffee imported from other countries and repackaged in Rwanda is not permitted under local regulation.
Editorial: https://t.co/l4fWQogCG6
DEATH OF FOREIGN AID TO RWANDA:
Over all: Western Aid to Rwanda - including unaccounted money given to NGOs - does not exceed $500 Million.
Of it, only a third (30%), at best, trickles down to Rwandans, the rest lost in transactional costs, creating jobs for its “Administrators”, “Technical Advisors”, and western product manufacturers.
1. The “Agaciro” (Dignity), Our Sovereign Fund initiated in December 2011 to mitigate these types of situations, is today capitalized at over $1Billion. That’s MORE THAN DOUBLE of all the AID that Rwanda receives.
2. Our Bond too still has leeway to restructuring: meaning we can access more cash anytime we need it.
3. Rwanda’s GDP is $14B. Foreign Aid represents about 3.5% of that.
Rwanda has been consistently cutting foreign aid, and I predict this year was the last tranche of it that we received.
THE ONLY IMPACT OF AID IS NOISE!
- Rwanda also gives foreign aid to other countries and institutions:
When Canada cut aid to the Francophonie because they were bitter that our candidate had beaten theirs, we told “Mushikiwacu: Icecekere mama”, and mitigated that.
We do so in many other instances, (including giving aid to DRCongo when our relations are good) but you’ll never hear us cry out about it due to our culture.
RWANDA 2025 is “AID’s DEATH” and I invite every Western donor to its funeral.
On the agenda
- Phase out foreign young interns calling themselves: “technical advisors”;
- Phase out of unemployable Western laborers called “expats”;
- Phase out of imports of superfluous Western products to Rwanda
- Readjusting house rent in Kigali to benefit of Rwandas;
- Rwanda’s pursuit of its National goals without concessions and compromise;
Next, there should be two signs at the airport in bold letters that read:
1. “NO FOREIGN AID OR ASSISTANCE ALLOWED IN RWANDA”;
2. ONLY TRADE & INVESTMENTS ALLOWED
3. And MOST IMPORTANTLY: No one can ever, ever, ever call us “darling of the West” again!!
🌟🎄✨ The city brand Xmas decor battle is on! Kigali is dazzling brighter than ever with an array of stunning, creative decorations this year. From twinkling lights to innovative displays, the holiday spirit is truly alive! 🎅🏽🎁 #XmasMagic#HoliDecor
We're glad to be part of the Private Sector Engagement in Emergency Preparedness & Response workshop, organized by @kumwehub & @SCIRwanda. DROPP is building child-centered emergency response solutions 🚑 through its ambulance aggregation and dispatch services. 👧👦 #ChildSafety
🛣 Roads of opportunity stretch wide in Kigali, thanks to RPF's commitment to modern infrastructure. From highways to public transport, connectivity is the lifeline of progress. #PKNiWowe#RPFOnTop
#Rwanda plans to adopt digital currency within two years in a move that is expected to enhance financial inclusion and digital payments.
Central bank Deputy Governor Soraya Hakuziyaremye spoke to TNT about the process to adopt a national digital currency.
https://t.co/bS50GEqI4D