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Location of Rwanda. Rwanda is a sovereign state in central and east Africa and one of the smallest countries on the African mainland. Rwanda's economy suffered heavily during the 1994 Rwandan Genocide, but has since strengthened. The economy is based mostly on subsistence agriculture. Coffee and tea are the major cash crops for export.
30 July – Angolan President João Lourenço announces that the Democratic Republic of the Congo and Rwanda have agreed to a ceasefire following Angola-mediated talks. [8] However, the ceasefire collapses before it formally begins on 4 August amid advances by M23 rebels in the DRC.
The Rwanda Development Board (RDB) was established in 2009 to coordinate, spur and promote national economic development. RDB includes agencies responsible for "business registration, investment promotion, environmental clearances, privatization and specialist agencies which support the priority sectors of ICT and tourism as well as SMEs and human capacity development in the private sector". [2]
In 2008, following the admission of Burundi and Rwanda into the new EAC, Rwanda applied and was admitted into the EADB. [8] Under the new charter, the bank's role and mandate were reviewed, and its operational scope expanded. Under its expanded operational scope, the bank offers a broad range of financial services in the member states.
NCBA Bank Rwanda is one of the Kenyan-owned bank subsidiaries to launch operations in Rwanda. [5] The bank is a subsidiary of the NCBA Group Plc , a financial services group with headquarters in Nairobi , Kenya , with subsidiaries in Kenya , Rwanda , Tanzania , Uganda and Ivory Coast .
Rwanda joined the East African Community in 2007 and there were plans for a common East African shilling, which it had been hoped would be in place by 2015, [25] but have not yet reached fruition (2020). Rwanda is a country of few natural resources, [26] and the economy is based mostly on subsistence agriculture by local farmers using simple ...