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Belgium Rejects Rwanda’s Ambassador-Designate Vincent Karega, Straining Diplomatic Ties

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Belgium has declined to accept Vincent Karega as Rwanda’s ambassador-designate, a move that is expected to heighten tensions between Kigali and Brussels. Karega’s appointment by President Paul Kagame in March was intended to fill the position left by Dieudonné Sebashongore, but four months later, Belgium has officially rejected him, marking a significant shift in the diplomatic relationship between the two countries.

Rwanda’s government spokesperson, Yolande Makolo, expressed disappointment over Belgium’s decision, calling it “unfortunate.” She suggested that Belgium may have been influenced by pressure from the Democratic Republic of Congo (DRC) and activists linked to “negationist” groups, hinting at underlying political dynamics between the nations.

Although Belgium has not made an official statement, reports indicate the decision was leaked to Jambo News, a media outlet associated with Rwandan exiles, whom Kigali accuses of promoting extremist views and genocide denial.

Karega previously served as Rwanda’s ambassador to the DRC but was recalled in November 2022 amid escalating tensions between Rwanda and the DRC. At the time, Kinshasa accused Rwanda of supporting the M23 rebel group, a claim Kigali denied, countering that the DRC harbors the FDLR, a rebel group linked to Rwanda’s 1994 genocide. The diplomatic friction led to Karega’s withdrawal from the DRC, and his proposed new posting in Belgium was seen as part of Rwanda’s broader diplomatic efforts.

The rejection of Karega’s accreditation has sparked debate, with some analysts arguing that Belgium bowed to external pressures from Rwandan and Congolese activists in Europe. These groups have been vocal in opposing Rwanda’s role in regional conflicts and played a significant role in lobbying for Karega’s rejection.

Belgium’s recent moves suggest a shift in its foreign policy, focusing more on solidifying relations with the DRC. The country has taken steps to strengthen its ties with Kinshasa, including advocating for European sanctions against Rwandan and Congolese military officials and providing funds to support the DRC’s 31st Rapid Reaction Brigade through the European Peace Fund.

The decision to block Karega’s appointment marks a turning point in Rwanda-Belgium relations, further complicating the regional dynamics involving Rwanda, the DRC, and European powers.

Rwanda Secures $101 Million Loan to Boost Water and Sanitation Infrastructure

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The African Development Fund has approved a $101 million loan to support Rwanda’s Sustainable and Resilient Water and Sanitation Program. The policy-based operation is designed to improve water governance, enhance access to water, and strengthen sanitation services across the country.

The program will focus on improving legal, policy, institutional, and regulatory frameworks within Rwanda’s water and sanitation sector, ensuring more efficient delivery of basic services. The initiative is expected to significantly improve the quality of life for over 13.2 million Rwandans by providing better access to safe water and reliable sanitation services.

“This program will benefit millions of Rwandans, offering lasting access to essential water and sanitation services while also improving water resource management and governance,” said Osward Chanda, the Bank’s Director for Water Development and Sanitation, at the Board meeting where the loan was approved.

Several Rwandan government agencies, including the Ministries of Finance and Economic Planning, Infrastructure, and Environment, as well as the Water and Sanitation Corporation, the Rwanda Water Resources Board, and the Rwanda Utilities Regulatory Authority, will oversee the implementation of the program from this year until 2026.

This initiative is part of Rwanda’s larger Vision 2050 development plan, which aims to transform the country into a middle-income economy by 2035. The African Development Bank’s (AfDB) support for the program is also aligned with its broader Country Strategy for Rwanda (2022-2026) and the Bank’s Ten-Year Strategy, which focuses on inclusive growth and green development.

The program will contribute to three of the AfDB’s key priorities, known as the “High 5s”: improving the quality of life for Africans, ensuring food security, and advancing industrialization.

This latest project is one of many supported by the AfDB’s Water Development and Sanitation Department, as the institution continues to back Rwanda’s efforts in achieving sustainable development.

Sending Migrants to Rwanda Costs More

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A group of people thought to be migrants are brought in to Dover, Kent, by the RNLI, following a small boat incident in the Channel, Thursday April 14, 2022. Britain's Conservative government has struck a deal with Rwanda to send some asylum-seekers thousands of miles away to the East African country, a move that opposition politicians and refugee groups condemned as inhumane, unworkable and a waste of public money. (Gareth Fuller/PA via AP)

Sending Migrants to Rwanda Costs More Than Keeping Them in the UK

According to the government, the cost of sending a migrant to a “safer” country like Rwanda can be £63,000 higher than keeping them in the UK. The British parliament is currently conducting an analysis of the economic impact of the law on illegal immigration, which has revealed that the expense of sending one person amounts to £169,000 (over 250 million Frw).

However, authorities might not agree to the £106,000 (£160 million) cost of settling migrants in England. The government argues that sending migrants to other locations would create intimidation, dissuading individuals from attempting to enter the country without proper documentation.

While the Home Secretary’s office maintains that there is no cost for individuals fearing illegal entry, there remains uncertainty about the level of threat posed by this untested policy. The agency also acknowledges the unreliability of the gap between the cost of repatriating a migrant and keeping them in the UK, attributing this to rising house prices.

Presently, Rwanda is the sole country that has agreed to accept immigrants from the UK, although the implementation process has not yet commenced. Additionally, besides settlement, the policy offers medical and other benefits for UK residents.

The government claims that this policy would deter and prevent 37% of illegal immigrants from entering the UK, with no additional costs incurred. The policy specifically targets those who arrive in the UK by small boats across the Channel/La Manche and subsequently claim asylum. The plan is to arrest and send them to Rwanda or another designated “safe” country.

To send one person to Rwanda or another country, the total cost includes approximately £105,000 (about 160 Frw million) paid to the receiving nation, as well as £22,000 (about 35 Frw million) for flights and accompanying the individual. Estimates indicate that each trip would accommodate 50 individuals, although some trips may carry fewer people.

It is crucial to note that the aforementioned costs are merely a comparison and do not reflect the actual agreement with Rwanda, a country known for its robust economy.

Opposition parties in the UK have dismissed the analysis as “ridiculous” and raised concerns about the government’s lack of awareness regarding the scheme’s full cost. Yvette Cooper, the minister overseeing the administration, suggests that the “real cost” could be higher, as the government fails to account for prolonged detention periods.

Defending the policy, Administration Minister Suella Braverman argues that doing nothing is not an option. She emphasizes that operations encouraging people to risk their lives and pay smugglers to enter the UK illegally burden the British taxpayer.

Currently, the UK spends £6 million per day on housing asylum seekers in hotels. Last year alone, over 45,700 individuals illegally crossed the Channel in small boats. Prime Minister Rishi Sunak has made it a top priority to curtail such activities and prevent unauthorized entries.

Although Rwanda has agreed to accept immigrants from the UK, the implementation process has yet to commence. In December 2022, the High Court of England deemed the government’s plan legal, but an ongoing appeal could potentially reverse this decision. The bill on illegal immigrants still needs approval from the National Assembly, where it faces significant opposition and the possibility of being defeated in court before becoming law.

Critics argue that the project lacks consistency and violates international law.

Source: BBC

Pastor Théogène Niyonshuti Is Dead

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Pastor Théogène Niyonshuti, renowned for his inspirational YouTube talks, has passed away due to a fatal accident, as confirmed by Pastor Isaïe Ndayizeye, the senior pastor of the Pentecostal Church of Rwanda (ADEPR). The news of his untimely demise was received on Friday at 10:00 a.m. (4:00 a.m.) and has left the community in deep sorrow.

The accident occurred in Kabale, western Uganda, where Pastor Théo, as he was affectionately known, was traveling with three friends. Tragically, their small vehicle collided with a bus, resulting in the loss of Pastor Théo’s life and leaving only one survivor, who is currently receiving medical treatment.

The ADEPR church’s leadership expressed their heartfelt condolences and deep sympathies through a message shared on Twitter. They apologized to Pastor Théogène’s grieving family, ADEPR parishioners, friends, and relatives, acknowledging the profound impact of his sudden departure, which took place on Thursday night.

Pastor Théo, a beloved figure among Rwandans, Burundians, and other Kinyarwanda speakers who followed his YouTube talks, had a unique approach to preaching. With his background as a former street child, he skillfully integrated examples from his own life, captivating his audience with a blend of humor and profound wisdom. On some occasions, he delivered his inspiring messages alongside his wife, further touching the hearts of those who listened.

For years, Pastor Théo served as the pastor of Muhima Parish in the ADEPR-Kamuhoza church, located in the vibrant city of Kigali. His remarkable journey from being an orphaned street child to a beacon of hope and love resonated deeply with his congregation.

Pastor Ndayizeme, reflecting on their shared experiences, said, “I had the privilege of knowing him before he became a pastor. His extraordinary talent in evangelism was forged through the crucible of the genocide.”

“He emerged from a life of hardship and found salvation, transforming into a person who embraced love,” Pastor Ndayizeme added, emphasizing Pastor Théo’s incredible journey of personal growth.

Furthermore, Pastor Ndayizeye highlighted Pastor Théo’s commitment to making a difference in the lives of others. He selflessly took several street children under his wing, ensuring they received an education and a chance for a better future. His unwavering dedication to this cause left a lasting impact on the community he served.

Pastor Théogène Niyonshuti, at the age of 40, leaves behind a grieving wife and four children, who are now mourning the loss of their beloved husband and father. The void created by his absence will be deeply felt, as his legacy of love, resilience, and service lives on in the hearts of those he touched.

The loss of such an influential figure is a reminder of the fragility of life, prompting reflection on the impact one can make in their journey. The memory of Pastor Théo’s inspiring talks, his compassion, and his dedication to uplifting others will continue to inspire and guide countless individuals, even in his absence.

Top 10 Things To Do In Rwanda

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A Tapestry of Rwanda’s Natural Splendors and Cultural Riches

Rwanda, a country nestled in the heart of East Africa, captivates visitors with its awe-inspiring landscapes, diverse wildlife, and vibrant cultural tapestry. Embark on an extraordinary journey through this enchanting land, where stunning experiences await at every turn. Here, we present the top 10 things to do in Rwanda, revealing the essence of its beauty and allure.

Gorilla Trekking in Volcanoes National Park

Immerse yourself in the realm of Dian Fossey’s famed mountain gorillas within the embrace of Volcanoes National Park Rwanda. Trek through verdant forests, a symphony of emerald hues, to witness these majestic creatures in their natural habitat. The encounter with these gentle giants is an ethereal experience that resonates in the depths of your soul.

Young mountain gorilla eating, Volcanoes National Park, Rwanda

Explore Kigali

Begin your Rwandan odyssey in the captivating capital city of Kigali, where the nation’s history unfolds with profound grace. Pay homage to the past at the Kigali Genocide Memorial, a poignant tribute to the victims of a dark chapter. Navigate vibrant markets alive with the rhythms of daily life, and savor the tantalizing flavors of the local cuisine at exceptional restaurants, embracing the spirit of Kigali.

Nyungwe Forest National Park

Nyungwe Canopy WalkStep into the untouched wilderness of Nyungwe Forest National Park, a haven of tranquility and biodiversity. Venture on a guided hike through this pristine emerald sanctuary, where chimpanzees and colobus monkeys leap among the treetops, and a symphony of over 300 bird species fills the air. Revel in the awe-inspiring vistas and the splendor of nature’s embrace.

Visit the King’s Palace Museum

Journey to the heart of Nyanza and step into the regal world of Rwanda’s monarchy at the resplendent King’s Palace Museum. Traverse the corridors of time as you explore the meticulously reconstructed royal residence, a testament to the nation’s rich heritage. Delve into the annals of Rwanda’s history and immerse yourself in the captivating narratives that have shaped this remarkable land.

Lake Kivu

Lake Kivu of RwandaUnwind amidst the idyllic splendor of Lake Kivu, one of Africa’s Great Lakes, where serenity and adventure converge. Engage in thrilling water sports, cruise to the scenic islands that dot the azure expanse, or simply bask in the tranquil ambiance of the lakeshore. Allow the breathtaking vistas to cast their spell upon you, and embrace the blissful harmony of nature’s masterpiece.

Cultural Village Tours

Unveil the vibrant tapestry of Rwandan culture through immersive visits to traditional villages like the enchanting Iby’Iwacu Cultural Village. Engage with local communities, partake in age-old traditions, and witness the artistry of traditional crafts, melodies, and dance. Immerse yourself in the tapestry of cultural heritage that has woven Rwanda’s identity.

Hiking Mount Bisoke

Seek the pinnacle of adventure by conquering the dormant titan of Mount Bisoke. Ascend through verdant bamboo forests, each step imbued with anticipation, until the awe-inspiring summit unfolds before your eyes. Behold the majesty of a volcanic crater lake nestled amidst the clouds, a testament to the Earth’s timeless power. Let the breathtaking panorama reward your efforts and ignite the fire of adventure within.

Akagera National Park

Elephants in Akagera ParkEmbark on an unforgettable Rwanda safari adventure in the sprawling expanse of Akagera National Park, Africa’s crown jewel of wildlife conservation. Traverse its vast landscapes, where the “Big Five” game animals—elephants, lions, leopards, buffalo, and rhinoceros—roam freely. Marvel at the graceful giraffes, zebras, and an abundant array of avian wonders, immersing yourself in the untamed beauty of the African savannah.

Genocide Memorials

Honor the memory of those affected by the tragic events of the 1994 Rwandan genocide by visiting the poignant memorial sites scattered across the country. Stand in silent reverence at the Kigali Genocide Memorial, a somber testament to the resilience of the human spirit. Reflect upon the past, gain insights into the nation’s journey of healing, and renew your commitment to a future of peace and understanding.

Inema Arts Center

Unleash your creative spirit at the Inema Arts Center, an oasis of contemporary expression nestled within Kigali’s vibrant heart. Marvel at the captivating diversity of artworks on display, forged by the ingenuity of Rwandan artists. Engage in the rich tapestry of visual experiences, partake in workshops and classes, and witness the evolution of Rwanda’s thriving art scene.

Rwanda beckons with open arms, inviting intrepid travelers to embark on a voyage of discovery. Whether you seek the thrill of encountering mountain gorillas, the tranquility of scenic lakeshores, the cultural intricacies that define a nation, or the wild wonders of the savannah, Rwanda weaves an enchanting tale of natural splendors and cultural riches, forever etched in the memories of those who venture within its embrace.

Mount Kenya University Changes Name To Mount Kigali University

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Mount Kenya University Rwanda has recently undergone a transformation, emerging with a new name that perfectly reflects its Rwandan identity and heritage. With the authorization of the Higher Education Council of Rwanda, the institution is now known as Mount Kigali University.

This change signifies more than just a new name; it marks a significant milestone in the university’s evolution from a cross-border institution to an independent international center of higher learning.

While the name may be new, the exceptional qualities that have solidified Mount Kigali University as one of Rwanda’s premier international universities remain unchanged. The institution continues to uphold its commitment to delivering high-quality undergraduate and postgraduate academic programs, boasting cutting-edge infrastructure, distinguished faculty members, and a global approach to education. Scholarships, diverse corporate social responsibility initiatives, and a strong track record of graduate employability further contribute to its reputation as a top educational establishment.

It is important to note that the change in name does not alter the university’s ownership. Founded by the esteemed educationalist Prof. Simon N. Gicharu in Kenya, the university expanded its presence to Rwanda in 2010. Initially, it operated from leased buildings along KN4 Avenue and KN3 in Kicukiro. However, it found its permanent home in Kagarama, Kicukiro District, which now proudly bears the name Mount Kigali University.

In recognition of Prof. Gicharu’s exceptional achievements in advancing higher education accessibility in East Africa, he was honored with the Ernst & Young Eastern Africa Entrepreneur of the Year Award in 2014. This accolade serves as a testament to his unwavering dedication to providing educational opportunities to students in the region.

Over time, Mount Kigali University has made significant strides in enhancing its academic infrastructure. The institution’s facilities for health sciences and hospitality training are now regarded as some of the best among higher learning institutions across Africa.

Notably, the university is currently undertaking the construction of the Kigali Paramount Hotel, a four-star establishment that draws inspiration from prestigious institutions such as the Ecole hôtelière de Lausanne (EHL) in Switzerland and Utalii College in Nairobi, Kenya.

With its completion, the hotel will become a regional hub for hospitality and tourism management training, contributing to Rwanda’s status as the preferred regional destination for Meetings, Incentives, Conferences, and Exhibitions.

Mount Kigali University’s commitment to the well-being of the community extends beyond education and hospitality. The institution plans to establish a community health center in Kagarama, offering essential medical services to the local population. This initiative reflects the university’s dedication to serving the needs of its surroundings and making a meaningful impact on society.

In a significant appointment, Dr. Innocent Mugisha, former Executive Director of the Rwanda Higher Education Council, has been named Chairman of the University Council at Mount Kigali University. Drawing from his vast experience in higher education and his previous role as Director of Quality Assurance at the University of Rwanda, Dr. Mugisha brings valuable expertise to further strengthen the institution’s governance and academic standards.

Dr. Mugisha aptly emphasizes the importance of the university’s new name, Mount Kigali University, as a symbol of Rwandan identity and patriotism. It embodies the country’s unique position as the Land of a Thousand Hills, paying homage to the awe-inspiring Mount Kigali.

This historically significant mountain holds deep cultural and historical relevance, serving as the seat of power for King Cyilima I Rungwe in the 14th Century AD. From its summit, the king beheld the vastness of his realm, encompassing the hills and valleys where his subjects resided. The name ‘Kigali’ itself is derived from the combination of ‘Ki,’ a definite article/prefix, and ‘Gali,’ which signifies wide or broad in Kinyarwanda.

Prof. Gicharu, Chairman of the Mount Kigali University Board of Directors, reaffirms the board’s unwavering commitment to allocating additional resources to ensure the institution’s continued delivery of quality education. This dedication is a testament to their vision and determination to nurture the next generation of leaders and professionals.

To commemorate its journey and celebrate its achievements, Mount Kigali University launched a memoir titled ‘Mountain Meets Land of a Thousand Hills’ in February of last year. This captivating book takes readers on a historical voyage, recounting the university’s beginnings in Kenya in 2010 and its subsequent expansion into Rwanda as part of Mount Kenya University. It serves as a testament to the institution’s growth, transformation, and its role in shaping the educational landscape of both countries.

With the change in name, Mount Kigali University embraces a new chapter in its story, combining academic excellence, cultural identity, and a steadfast commitment to Rwanda’s progress. As it continues to evolve and leave a lasting impact on the educational sphere, the institution stands tall, mirroring the majesty and significance of the mountain from which it draws its name.

Charles Mushumba New Head Coach For Rwanda

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Charles Mushumba, the esteemed head coach of IPRC-South Basketball Club, has been entrusted with the leadership of the Rwandan national basketball team for the highly anticipated qualifiers of the esteemed FIBA Afro-CAN tournament. This exciting event is scheduled to take place in Dar es Salaam, Tanzania, from June 17 to 23.

Mushumba’s remarkable appointment comes as a result of the strategic decision made by national team head coach Cheikh Sarr, who opted to concentrate his efforts on preparing the women’s national team for the highly anticipated 2023 FIBA Women’s AfroBasket finals. The finals are eagerly awaited and will be held in Kigali from July 26 to August 6.

Drawing from his extensive experience, Mushumba’s background as a former basketball player for the National University of Rwanda (NUR) in 1997 has undoubtedly equipped him with invaluable knowledge and skills for his coaching role. He has been recognized as a basketball authority since 2002 when he was bestowed the honor of head coach for both the men’s and women’s basketball teams at the prestigious university.

Working alongside Mushumba in this challenging endeavor is the esteemed Yves Murenzi, the current coach of United Generation Basketball (UGB). Murenzi’s wealth of coaching experience will undoubtedly complement Mushumba’s expertise, contributing to the team’s success.

The Afro-CAN tournament stands as a testament to the unwavering commitment to nurturing basketball talent within Africa. In a bid to promote local talent, participating national teams are restricted to including a maximum of two players from overseas, with the remaining ten players required to hail from African nations.

The upcoming qualifiers will play a pivotal role in determining which teams will secure their rightful place in the highly anticipated Afro-CAN finals. This exhilarating 12-nation tournament is scheduled to take place in Luanda, Angola, from July 7 to 16.

Among the tenacious teams vying for the sole available spot in the qualifiers from Africa Zone 5 are Burundi, Djibouti, Egypt, Ethiopia, Kenya (already qualified), Rwanda, Somalia, South Sudan, and Tanzania. The intense competition promises to be a battle of skill, determination, and sportsmanship.

Meanwhile, teams from Africa Zone 1, including Algeria, Libya, and Tunisia, will engage in fierce qualifiers from June 21 to 25 to ascertain the representative from their region in the final round. The eagerly awaited announcement of the host country for this qualifier only adds to the anticipation.

After a hiatus since 2019, the highly anticipated return of the FIBA Afro-CAN tournament is generating tremendous excitement. The automatic qualification has been granted to the impressive semi-finalists from the previous edition in 2019, including the reigning champions, DR Congo, the commendable runners-up, Kenya, as well as the distinguished third and fourth-placed teams, Angola and Morocco.

The tournament lineup has further expanded as Cameroon, winners of the Zone 4 qualifiers, and Mozambique, who secured the top spot in Zone 6, have both triumphed and earned their well-deserved positions in the tournament. Their skill, dedication, and tenacity will surely make them formidable contenders.

As the stage is set for the upcoming qualifiers and the subsequent Afro-CAN tournament, basketball enthusiasts eagerly await the captivating battles, unforgettable moments, and the triumph of the most deserving teams.

PSG Visit Rwanda Partnership Extended

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Paris Saint-Germain and Visit Rwanda have recently announced the extension of their partnership until 2025, further solidifying their successful collaboration over the past three years. The primary objective of this renewed agreement is to position Rwanda as a prominent destination for tourism and investment within Africa, while also fostering cultural and creative synergies and promoting Rwandan coffee and tea.

Emphasizing the significance of the partnership between Visit Rwanda and Paris Saint-Germain, Michaella Rugwizangoga, Chief Tourism Officer of the Rwanda Development Board (RDB), highlighted that its scope goes beyond conventional destination promotion. The aim is to establish meaningful connections encompassing culture, fashion, arts, and football development, all of which hold considerable importance for Rwanda. By leveraging the global platform provided by Paris Saint-Germain, Rwanda can effectively showcase its finest offerings to millions of fans worldwide, making the continuation of this partnership mutually gratifying.

Visit Rwanda actively collaborates with local partners specializing in conservation, tourism, and development to create tourism products that bring benefits to visitors, local communities, and the preservation of wildlife ecosystems.

In recent years, Rwanda has emerged as a sought-after global tourism destination, courtesy of its remarkable attractions such as the awe-inspiring mountain gorillas in Volcanoes National Park and the presence of the Big 5 in Akagera National Park. Despite the adversities posed by the Covid-19 pandemic on international travel, Rwanda’s concerted efforts to position itself as an enticing destination have allowed it to regain and surpass the appeal it enjoyed in 2019.

The remarkable outcomes of these endeavors are evident in Rwanda’s successful welcome of over a million international visitors in 2022, resulting in nearly half a billion dollars in tourism revenue. With ambitious aspirations, the country aims to further elevate this figure to $800 million by 2025.

In commemoration of the partnership between Rwanda and the club, a special series of events known as the “Rwanda Heritage Game” took place during the Paris Saint-Germain-Olympique Lyonnais match on April 2. The occasion featured captivating performances by Rwandan artists Christopher Muneza and Weya Viatora at the SO/Bar, graced by the esteemed presence of former PSG legend Luis Fernandez.

Expressing her satisfaction with the collaboration, Cynthia Marcou, Sponsorship Director at Paris Saint-Germain, affirmed that it has set new benchmarks and synergies in the realm of sponsorship. Through this partnership, highly innovative activations involving players and ambassadors have been developed, effectively contributing to the image of Rwanda as a forward-thinking nation and significantly enhancing the global profile of Rwandan tourism.

Since its inception in 2019, the partnership between Paris Saint-Germain and Visit Rwanda has witnessed the implementation of numerous remarkable initiatives across various domains. PSG team players such as Sergio Ramos, Keylor Navas, Julian Draxler, and Thilo Kehrer, along with legendary former players like Youri Djorkaeff, Rai, Ludovic Giuly, and Juan Pablo Sorin, have personally experienced the captivating beauty of Rwanda through unforgettable visits to the “Land of a Thousand Hills.”

The presence of Visit Rwanda is strongly felt on match days at the Pare des Princes, with its logo prominently displayed on the men’s team’s training and warm-up kits. Furthermore, PSG fans have had the exclusive opportunity to savor the finest tea and coffee that Rwanda has to offer, as these beverages are served exclusively at the stadium.

In 2020, the PSG Academy Rwanda was established in Huye, providing over 100 children with the opportunity to partake in PSG training sessions. Notably, some of these children are beneficiaries of the club’s Foundation. In a remarkable achievement, the academy secured victory in the boys’ U-13 category at the PSG Academy World

Rwanda’s tourism revenue doubles in 2022

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Young mountain gorilla eating, Volcanoes National Park, Rwanda

In a dazzling display of resilience and recovery, Rwanda’s tourism revenues have skyrocketed by a staggering 171.3% in 2022, reaching an awe-inspiring $445 million (equivalent to a jaw-dropping Rwf496 billion). This momentous surge, as reported by the esteemed Rwanda Development Board (RDB) in their annual report, marks an incredible 89.3% rebound from the pre-Covid era. Brace yourself for the excitement as we dive into the remarkable details unveiled on May 3!

What’s the secret behind this extraordinary upswing? Well, prepare to be captivated by the global lifting of Covid-19 travel restrictions and the unrivaled connectivity provided by RwandAir and other airlines, especially through the renowned Kigali International Airport. This dazzling surge in revenue has catapulted Rwanda back into the spotlight as a tantalizing destination for international adventurers.

Prepare to be astounded as we uncover the twists and turns of this thrilling story! Cast your mind back to the pre-pandemic era when Rwanda’s tourism revenues stood tall at a majestic $498 million in 2019. But alas, the calamitous impact of Covid-19 dealt a devastating blow, and the numbers plummeted to a meager $121 million in 2020 – a decline of more than 300%, leaving us all in shock and awe.

But fear not, for our tale takes a mesmerizing turn! In 2022, against all odds, Rwanda embraced over 1.1 million international visitors, painting a vivid picture of triumph over adversity. The enchanting allure of Rwanda has lured more than 60% of these wanderlust-filled explorers from across the African continent itself, solidifying its reputation as a cherished gem within our very own borders.

Hold onto your hats as we uncover the purpose behind these intrepid voyages! A staggering 47.5% of these bold adventurers set foot on Rwandan soil for business purposes, transforming the nation into a buzzing hive of commercial activity. Prepare to be swept away by the electric energy of Rwanda’s emerging status as a thriving business hub.

Eager to share her jubilation, RDB CEO Clare Akamanzi declared, “The path to economic recovery is well on course! In 2022, our relentless pursuit of sustainable economic growth amidst the tumultuous Covid-19 pandemic bore fruit beyond our wildest dreams. The achievements within our cherished tourism sector have left us brimming with satisfaction.”

But that’s not all, my friends, for the adventure continues! Brace yourselves as we explore the astounding triumphs within Rwanda’s mystical national parks. Picture this: 109,800 intrepid souls embarked on wild expeditions within these enchanted lands in 2022 alone, marking an extraordinary surge of 142.4% compared to the previous year. And let’s not forget the crown jewel of Rwandan tourism – gorilla encounters. These majestic encounters generated a staggering $113 million in revenue, surpassing the awe-inspiring performance of 2019 by a remarkable 6%.

But there’s more to this tale of wonder! Rwanda’s commitment to environmental protection, natural resource management, and climate change preparedness has reached new heights. A symphony of accomplishments played out on this grand stage, including the operationalization of the mesmerizing Gishwati-Mukura National Park, the addition of the World Bank as a valued partner for the expansion project of Volcanoes National Park, and the majestic inauguration of the Ellen DeGeneres Campus, a tribute to the Dian Fossey Gorilla Fund.

And as if that weren’t enough, prepare for the grand finale! Witness the grand alliance between RDB and Mandai Park Development, a distinguished private company from Singapore. Their partnership shall birth the awe-inspiring Nyungwe national park luxury virtual tour.

I&M Bank Rwanda Unit Suffers $10.3 Million Fraud Loss

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I&M Bank’s Rwanda unit has recently been hit by a major setback, experiencing a significant financial loss of $10.3 million. The astonishing sum was drained through a series of fraudulent customer withdrawals that occurred over a period of less than three months, leaving the bank reeling from the impact. In response to this distressing incident, the bank has launched a thorough investigation in an urgent bid to recover the substantial amount.

To comprehend the gravity of this loss, it is important to note that it surpasses the entire net profit of $7.6 million generated by I&M Group in the Rwandan market during the previous financial year, which concluded in December 2022. These illicit withdrawals took place between November 1 of the preceding year and January 17, catching the bank off guard and highlighting the need for enhanced security measures.

In a bold and commendable move, I&M Group opted for complete transparency by disclosing this unsettling revelation in its annual report. This timely disclosure was made following the closure of the financial year, ensuring that shareholders were provided with essential information well in advance of the highly anticipated general meeting.

According to the comprehensive annual report, “Following the conclusion of the financial year, the management of I&M Bank (Rwanda) PLC unearthed a series of incidents involving fraudulent withdrawals from customer wallets, amounting to an astounding $10.3 million between November 1 and January 17, 2023. While some funds have already been successfully recovered, ongoing investigations continue to shed light on this distressing matter.”

In such challenging circumstances, banks can find solace in the fact that they typically have insurance coverage for cash at hand, cash at the bank, and cash in transit. This offers a glimmer of hope for I&M Bank, as a portion of the colossal losses may be mitigated by the involvement of underwriters, thereby alleviating the burden to some extent.

I&M Bank made its strategic entry into the Rwandan market back in 2012 through the acquisition of a majority shareholding in Banque Commerciale du Rwanda. Currently, the bank maintains a controlling stake of 54.47 percent through BCR Investment Company, with an impressive valuation of $15.4 million as of December.

With a widespread network serving over 65,000 customers through approximately 18 branches, 33 ATMs, and a dedicated team of more than 400 employees, I&M Rwanda has emerged as the most lucrative venture for I&M Bank outside of its home territory in Kenya.

In the preceding fiscal year, I&M Rwanda witnessed substantial growth, recording a net profit of $7.6 million from a remarkable turnover of $73 million. In comparison, the bank’s operations in Mauritius and Uganda achieved noteworthy net profits of $4.7 million and $2.1 million, respectively.

However, the same period witnessed the Tanzanian unit struggling with adversity, incurring a net loss of $3.7 million. On the flip side, I&M Kenya defied the odds by catapulting its net earnings from $54 million to an impressive $74.6 million. This commendable performance resulted in an astounding 37.7 percent growth in the group’s overall profitability, reaching a remarkable $82 million.

As I&M Bank navigates the aftermath of this significant loss, the ongoing investigations offer a glimmer of hope. The banking industry must remain ever-vigilant and resolute in its efforts to combat fraudulent activities, ensuring the continued financial well-being and security of institutions and their valued customers.