Investments

China and Rwanda Sign $60million Grant, Agree 6million $6 million Debt Cancellation.

China and Rwanda Sign $60million Grant, Agree 6million $6 million Debt Cancellation.

By Lavie Mutanganshuro, Kigali. The Government of Rwanda and the People’s Republic of China on February 19 signed an economic and technical cooperation agreement for a grant worth RMB Yuan 400 million (approximately U$ 60 million). At the same ceremony, both countries signed a debt cancellation agreement worth RMB Yuan 40 million-an equivalent of US$ 6 million. […]

Uganda exports 1st batch of locally made smartphones to North  Africa

Uganda exports 1st batch of locally made smartphones to North Africa

Uganda has flagged off the exportation of its first batch of locally made mobile phones, to Morocco. The five-million U.S dollar firm, SIMI which is under Chinese electronics company Engo Holdings Group Limited, was launched by president Yoweri Museveni in November last year to manufacture phones and laptop computers under the country’s program of supporting […]

Face masks making factory launched in Uganda

Face masks making factory launched in Uganda

Uganda has launched two production lines of facemasks factory, a development that will greatly help the country’s efforts in fighting against Covid-19 pandemic.   LIDA Packaging, a Chinese owned factory located in Mbalala Mukono with production capacity of 560,000 masks per day is currently employing 315 Ugandan youth. Commissioning the factory, president Museveni noted that […]