Tag Archives: RWANDA INC
Inspiration For Rwanda, Inc.
Patricia Cristafulli and Andrea Redmond share what inspired them to pen Rwanda, Inc:
Rwanda, Inc. Authors Featured in FORBES
As seen on forbes.com:
How To Eat An Egg In A Rebounding Rwanda
By Patricia Crisafulli & Andrea Redmond
In a rural preschool at Rugarama in northern Rwanda, some two hours north of the capital city of Kigali, 90 or so three- to six-year-olds sit patiently on a grassy patch outside a crumbling one-room schoolhouse with only gaps where windows and the door should be. Having sung, prayed, counted, and chanted the days of the week and months of the year in their native Kinyarwanda and English (fluency in which is a national education goal), the children wait for the highlight of the day: a hard-boiled egg.
Rwanda, Inc. Authors Editorial in FORBES
The Markets Endorse Rwanda’s Path To Economic Growth
By Andrea Redmond & Patricia Crisafulli
President Paul Kagame of Rwanda at the 2010 Tribeca Film Festival.
(Photo credit: Wikipedia)[/caption]
Amid the rhetoric, pro and con, around Rwanda, the impartial voice of the marketplace has spoken, with a ringing endorsement of its economic turnaround and prospects for continued growth.
Last week, Rwanda’s debut on the global bond market raised $400 million with an offering that was heavily over-subscribed by nearly eight times. Final yield on the 10-year bonds of 6.875% was less than reported expectations in the low-7% area, due to strong buyer interest. Proceeds will go to repayment of bank loans, infrastructure such as a hydropower project, expansion of the national airline RwandAir, and the completion of a convention center in the capital of Kigali.
The successful bond issue triggered a flurry of enthusiastic postings on Twitter from Rwandan government officials (very savvy users of social media). Finance Minister Claver Gatete hailed a “great day for Rwanda after the investors have shown confidence in our economy….” President Paul Kagame tweeted his congratulations to those who worked to bring the bond offering to a successful conclusion, adding “Let’s continue forward.”
