Rwanda: How Rwanda Will Raise Resources for 2020/21 Budget

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Rwanda: How Rwanda Will Raise Resources for 2020/21 Budget

The government expenditure is expected to rise in the coming fiscal year [2020/2021] by about Rwf 228 billion.

Non-Tax revenue collections are also expected to drop by about 20 percent compared to the current fiscal year.

According to the Ministry of Finance, public debt will be maintained at a manageable level as pointed out in the latest Debt Sustainability Analysis (DSA) conducted in March 2020.

Minister Ndagijimana's told parliament on Thursday that as the government strategy will focus on keeping public debt at a manageable level.

COVID-19 is estimated to cost the Government over Rwf882 billion over two fiscal years.

Source: allAfrica.com

Africa: Joint Statement of the Extraordinary China-Africa Summit On Solidarity Against COVID-19

The Extraordinary China-Africa Summit on Solidarity Against COVID-19 is a joint initiative between the People's Republic of China, the Republic of South Africa in its capacity as the Chair of the African Union (AU), and the Republic of Senegal in its capacity as the Co-Chair of the Forum on

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Source: allAfrica.com

UN agency says COVID-19 an opportunity to fix remittance system

ROME, Italy (CMC) — The International Fund for Agricultural Development (IFAD) says that the COVID-19 pandemic is both a challenge and an opportunity to fix the remittance system in the Caribbean and other

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Uganda: How Government Will Finance Shs45 Trillion Budget

External budget support

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Source: allAfrica.com

Rwanda: EU Offers Rwf55 Billion Grant to Rwanda for COVID-19 Relief

The Government and the European Union (EU) Monday signed a Rwf55 billion grant agreement to support social protection in response to the Covid-19 crisis, the Ministry of Finance and Economic Planning said in

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Source: allAfrica.com

Debt payments forecast to cross Sh1 trillion mark

The ministry forecasts that debt payments will cross the Sh1 trillion mark in President Uhuru Kenyatta's last year in office, underlining the country’s push to restructure some of the arrears to ease pressure on thinning tax receipts amid Covid-19

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Source: Business Daily

Uganda: Where Is the Demand Boost in 2020/21 Budget?

There were also tax measures such as increased import duty on agricultural imports to 60 per cent, up from 25 per

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Source: allAfrica.com

New Rule Could Deny Black Developers Access to $4 Billion-Plus in State Housing Funds

African American developers across California are worried about a rule change the state Department of Housing and Community Development (HCD) is

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Source: La Focus Newspaper

Tanzania: Name Hospital After Shein, Rep Proposes

HEALTH Minister Hamad Rashid Mohamed has asked the House of Representatives to approve the renaming of envisaged Binguni Referral and Teaching Hospital after President Ali Mohamed

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Source: allAfrica.com

Uganda: COVID-19 Recovery - Tap Into Domestic Tourism

Speaking via a TourismKonnect live chat organised by Uganda Tourism Board titled, "Tourism in the wake of Covid 19 ", Ms Elcia Grandcourt, the United Nations World Tourism Organisation director regional department for Africa, said domestic tourism is more likely to recover faster that international

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Source: allAfrica.com

Forex reserves inch closer to Sh1trn mark

Forex reserves inch closer to Sh1trn mark on new loans

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Source: Business Daily

Most cities put summer park concerts on hold

Recreation department spokespersons in a number of cities said most summer programs have been canceled while others said summer events were on hold pending state and county health department

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Source: Homepage -

Datatec reports strong results, says it's bucking virus crisis

Jens Montanana

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Source: TechCentral

Africa: What Becomes of Africa As the Foreign Aid Taps Run Dry?

DfID has, in the years of its existence, been key to offering development assistance to countries with high numbers of people living in poverty in the areas of primary education; access to reproductive health care; and the tackling of infant, child, and maternal deaths, and this role substantially

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Source: allAfrica.com

African Development Bank delivers on a decade of transformative commitments to reduce poverty

For the past five decades, the African Development Bank AfDBGroup has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance

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Source: SIERRA LEONE TELEGRAPH – Sierra Leone News

Three African Americans Step Into Top California Leadership Roles

Yolanda Richardson and Adetokunbo “Toks” Omishakin, are officially assuming their roles as state government executives in Sacramento at at time when the state is implementing deep cuts to its fiscal year 2020-21 budget in response to the global COVID-19

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Source: The Sacramento Observer

Egypt: IMF Reaches Staff-Level Agreement On a 12-Month U.S.$5.2 Billion Stand-By Arrangement

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to

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Source: allAfrica.com

African economic and social awakening: Lessons from Singapore

Singapore is a relatively young country, like many in Africa, but is now globally considered as an example to follow in terms of sustainable economic

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Source: SIERRA LEONE TELEGRAPH – Sierra Leone News

Nigeria: Forensic Audit - National Assembly Padded 2019 NDDC Budget With Over 500 Fake Projects - Acting MD

The acting Managing Director, Niger Delta Development Commission (NDDC), Kemebradikumo Pondei, revealed on Tuesday that the commission's 2019 budget was inflated with over 500 non-existing

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Source: allAfrica.com

Munich’s annual Oktoberfest canceled for first time since World War II

Munich Mayor Dieter Reiter would have opened the annual Oktoberfest festivities by tapping the first keg and passing the first glass of beer to Bavarian State Premier Markus Söder, as tradition

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Source: Observer News Group – Group Newspapers of Southern California

Kenya: Yatani Projects Sh841 Billion Budget Shortfall Amid COVID-19 Tax Incentives

Yatani however said the fiscal deficit is expected to drop to Sh768.8 billion in 2021/2022 and Sh570.4 billion in

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Source: allAfrica.com

3,300 workers regain jobs in BPO sector

A total of 3,300 employees in the business process outsourcing (BPO) sector have regained their jobs, which were lost as a result of the impact of the coronavirus

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Source: Jamaica Gleaner

European investors threaten Brazil divestment over deforestation

BRASILIA, (Reuters) – Seven major European investment firms told Reuters they will divest from beef producers, grains traders and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Rwanda: Mobile Money Transactions Grow By 450% in 3 Months

The value of funds transferred via Mobile Money grew by 450 per cent between January and April this year to reach Rwf 40 billion (over $ $42 million), data from Rwanda Utilities Regulation Authority

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Source: allAfrica.com

#JamaicaTogether Promo| Chi Ching Ching

We are all going through this COVID-19 pandemic together. Remember to follow protocol, wash your hands and wear your masks.

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Source: Jamaica Gleaner

Rwanda: Government Plans to Spend Rwf3.2 Trillion in 2020-2021

The Government is expected to spend Frw3,245.7 billion in 2020-2021 fiscal year, which is Rwf228.7 billion higher than the revised budget estimates of

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Source: allAfrica.com

EDITORIAL: Finance ministers owe citizens the truth on budgets

Given the unusual circumstances, the Finance ministers struck an optimistic posture, perhaps trying to lift the spirits of a region weighed down by the ripple effects of varying levels of Covid-19 related lockdowns in three of the member

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Source: The East African

East Africa: Three EAC States to Pay Sh35 Trillion in Debt Servicing

The amount that Kenya, Tanzania and Uganda would have to pay in debt servicing is almost the same as Tanzania's entire budget for 2020/21: Sh34.88

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Source: allAfrica.com

Tanzania: Zanzibar Injects 8bn/-in Ports Infrastructure

ZANZIBAR Ports Corporation (ZPC), has invested about 8bn/-in infrastructure improvement to enhance service efficiency in passenger and cargo handling at its

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Source: allAfrica.com

Funding bind threatens Oracabessa fish sanctuary

A lack of government funding for the Oracabessa Bay Fish Sanctuary is threatening 10 years of gains in replenishing stock and could deal a massive blow to the local fishing

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Source: Jamaica Gleaner

Tennessee advances 6-week abortion ban, lawsuit filed

NASHVILLE, Tenn. (AP) — Amid nationwide unrest and a global pandemic that wrecked the state budget, Tennessee lawmakers advanced one of the strictest abortion bans in the country as most Tennesseans were asleep Friday and largely unaware the GOP-dominant General Assembly had taken up the

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Source: TSDMemphis.com - The New Tri-State Defender - TSDMemphis.com

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Rwanda: How Rwanda Will Raise Resources for 2020/21 Budget

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