Vol ix issue ii

Page 1

EAST

w w w. b u s i w e e k . c o m

AFRICAN

SINGAPORE SINGAPORE

G ardens by the B ay

VOL. 9 ISSUE 2, AUGUST 19 - 25, 2013

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Donors revisit Rwanda aid DIAS NYESIGA KIGALI, RWANDA-- Sweden and The Netherlands have signed a financing agreement with the Rwanda government, a move seen as a signal that the two countries have resumed financial assistance. Both countries cut off aid over allegations that Rwanda is involved in the instability of eastern Democratic Republic of Congo.

The two countries suspended amidst claims that Rwanda is supporting M23 rebels. “What happened was that some disbursements were temporarily frozen in response to serious allegations from the UN Group of experts,” Maria Håkansson, the Chargé d’Affaires at the Swedish Embassy in Kigali said last week. Amb. Claver Gatete, Minister of Finance said the three year financing will also focus on supporting districts in

both technical and financial to ensure that they develop and maintain infrastructure in line with rural transformation strategies. “By supporting infrastructure we are boosting rural incomes through modernization of markets and other selling points such as abattoirs and milk collection centres,” he said According to the agreement, Sweden is giving $8.6 million (about Rwf5.6 billion) while Netherlands is disbursing Euro 44.9

million (about Rwf37.6 billion in form of a grant. The funding, will support the Lake Kivu Programme, focusing at stability of the lake during and after methane gas extraction as well as protecting the ecosystem around the lake. Part of the Swedish money is focusing on the justice sector while the rest will be allocated to support domestic research to improve livelihoods through National University of Rwanda.

Tanzania in $111m housing project BY KENAN KALAGHO

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DAR ES SALAAM, TANZANIA- The Tanzania Building Agency (TBA) has plans to put up a new $111 million government smart village in the north-east of the country. This is in a government bid to provide public servants with basic services like housing. The newly planned government smart buildings would comprise of the ministries allowing the public to have access to various government offices and also housing structures to accommodate government civil servants. Speaking in Dar es Salaam last week the Chief Executive Officer of Tanzania Building Agency Elius Mwakalinga said the government was prepared to spend some Tsh180 billion

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Kenya bracing for COMESA sugar imports

P.29>> Museveni gets Karuma underway

Tanzania Building Agency (TBA) has plans to put up a new $111 million government smart village in the northTURN TO PAGE 2 east of the country.Photo by Kenan Kalagho.

Kenyans face fuel price hike after new budget BY HUMPHREY LILOBA NAIROBI, KENYA-- As expected new levies introduced by the government through the budget have further driven up the cost of petrol and other fuels in Kenya. The Energy Regulatory Authority (ERC) which is the government entity in charge of the sector announced an incre-

ment last week that will see motorists and other petrol, diesel and kerosene users dig deeper into their pockets. The price of Super petrol shot up by KSh2.74 in Nairobi for the next one month, retailing at KSh112.26 a litre as diesel went up by KSh1.58 to KSh104.44 in the latest review announced Wednesday by ERC.

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Ugandans worry over higher costs BY BAZ WAISWA KAMPALA, UGANDA--Ugandan manufacturers are worried at the way the cost of doing business has gone up since their exemption period of not paying import duty on certain raw materials ran out recently. This exemption has been a contentious issue with other countries

saying it gives Uganda unfair advantage over others in the market by making cheap products that are without the 10 per cent external tariff. During the EAC Council of Ministers meeting held in Arusha in November 2004, Uganda re-submitted a list of 135 products they termed as their raw materials or industrial inputs urging for the

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Ethiopia holds successful AGOA talks ADDIS ABABA, ETHIOPIA--The Ministerial Session of the 12th Africa Growth Opportunity Act (AGOA) Forum was opened last week at the African Union (AU) Conference Center in Addis Ababa, capital of

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