Business

Water Crisis

Water crisis in Rwanda is to be history in five years. This as government is to allocate 1.5 billion US dollars to draw a master plan of water resources in the country for proper production distribution and management of water in the country.

The deputy director general of Integrated Water Resources Vincent de Paul Kabalisa reveals. He disclosed this at a workshop studying the better management of the water resources in the horn of Africa.

The meeting here in Kigali is being attended by members of the Intergovernmental Authority on Development (IGAD) and the Hydrological cycle observing system.

The Energy, Water and Sanitation Authority (EWSA) last year during the Accountability Day in Huye District vowed to increase the number of people with access to clean and safe water.

Research Agency

The new Institute of industrial research and development agency is created to replace the institute of scientific and technological research. This after MPs Tuesday afternoon approved the law establishing the agency. The minister of commerce Francois Kanimba said the new Institute of industrial research and development agency is to Carry out research on appropriate technologies and add value to raw materials and in turn boost industrial development

EABL Growth

East African Breweries Limited has posted a 36 per cent growth for the period ending 31 December, signaling that the beer maker’s drive to expand its capacity within East Africa is bearing results.

EABL recently doubled its production capacity in Uganda by investing Shs43.2 billion in its subsidiary. The firm also extended its market share into Tanzania, taking over Serengeti Breweries in 2010.

Egyptian Loan

Egypt expects to sign a $3.2 billion loan agreement with the International Monetary Fund (IMF) next month and will receive one-third of the funds immediately upon signing, Finance Minister Mumtaz al-Saeed was quoted on Sunday as saying.

The loan accord would be signed during a visit to Egypt in March by IMF regional director Masood Ahmed, al-Ahram newspaper quoted him as saying. Egypt would receive another one-third of the loan in three months and the final one-third in six months.

The loan, which has a interest rate of 1.2 percent, would be used to support the 2012/13 budget and to compensate for the depletion of Egypt's foreign reserves, al-Ahram quoted Saeed as saying.

Medical Training

Fourty five American lecturers are to embark on training Rwandese nationals in the field of medicine. This as they concluded discussions with government on the modalities of teaching that is to cover seven years starting august.

Jean de Dieu Ngirabega The director general in charge of treatment in the ministry of health says Rwanda will have enough medical specialists by 2017 to cover medical fields that didn’t have experts.