Vanoil Energy Ltd. is discussing with the Rwandan government the option of allowing other companies to help explore the country’s East Kivu Graben Basin as they seek to end a dispute over exploration rights.
Rwanda lowered its outlook for tea earnings after prices fell at the regional auction in the Kenyan port city of Mombasa, where the country channels more than two- thirds of its output, an industry official said.
Rwandan President Paul Kagame has been criticized by the U.S. government and advocacy groups for cracking down on civil liberties and trampling on human rights. Investors are more focused on how his policies have fostered one of Africa’s fastest-growing economies.
The annual snapshot of the U.S. by the Census Bureau makes one thing clear: You don’t want to be a female choreographer living in McAllen, Texas, and renting your home. On the plus side, the city’s Sun Belt location would put you in a good position to be one of the small but growing number of Americans using solar power for heat. Here are a few such highlights from the 2011 American Community Survey of some 3.5 million households in places with more than 65,000 people:
Rwanda may leave its key lending rate unchanged at a policy meeting scheduled for next month in order to balance spurring economic growth with containing inflation, central bank Governor John Rwangombwa said.
Debut emerging market borrowers from Honduras to Rwanda, welcomed with record low interest rates this year, have lost as much as 14 percent for bond investors as U.S. policy makers consider paring economic stimulus measures.
World Bank President Jim Yong Kim said the lender’s $1 billion pledge to Africa’s Great Lakes region obliges countries including the Democratic Republic of Congo and Rwanda to adhere to a peace accord signed in February.
Rwanda, which starts marketing $400 million of debut Eurobonds this week, is counting on investor demand for African debt that enabled Zambia to increase the size of its first dollar bonds in September and Tanzania to lure four times the amount it sought last month.
Rwanda’s central bank will probably keep its key interest rate unchanged this year as inflation remains below 10 percent and better harvests support growth in the East African economy, Governor John Rwangombwa said.