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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Rwandan women urged to open their own bank accounts 

KIGALI Rwanda (Xinhua) -- Rwandan women have been called upon to fully embrace financial savings culture by opening accounts in banks and micro financial institutions as a way of improving their socio-economic livelihoods.

Nadine Umutoni, permanent secretary in Rwanda’s ministry of gender and family promotion, told reporters on Sunday that Rwandan women had not embraced financial savings culture that hinders their social and economic livelihood.

“Many women manage day-to-day finances on behalf of their family using bank accounts in their partners’ name or joint accounts. Women should take responsibility for their own financial affairs by also having a bank account in their names,” she said.

Umutoni said that many Rwandan women fund household expenses from their salaries, believing they can rely on their partner’s investments and savings for their future.

“Embracing a savings culture will enhance financial inclusion and accelerate growth,” she added.

According to statistics from the National Bank of Rwanda, the number of women who access to financial services has increased from 36.1 percent in 2012 to 63 percent in 2016.

The Rwandan government has continued to champion financial inclusiveness with the creation of the National Investment Trust, promotion of agent banking, mobile money savings and banking insurance, among others.

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EARLIER REPORT:

China and Rwanda agree to upgrade strategic cooperation

BEIJING (Xinhua) -- Chinese President Xi Jinping held talks with visiting Rwanda President Paul Kagame on Friday, and the two leaders agreed to upgrade bilateral strategic cooperation.

Xi hailed the growth of bilateral ties over the past 46 years, citing enhanced political trust, trade cooperation and cultural exchanges.

He called on both sides to further deepen trust, boost personnel exchanges, share governance experience and keep close contact in global and regional affairs.

Xi vowed to support Rwanda in building an economic zone, calling for stronger bilateral cooperation in the areas of industrialization, agricultural modernization, capacity, infrastructure building, tourism and security. China will encourage more enterprises to invest in Rwanda’s major infrastructure projects.

During his visit to Africa in 2013, Xi proposed developing relations with Africa with sincerity, real results, affinity and good faith and the correct viewpoint of righteousness and benefit.

“The essence of this is to combine China’s growth with helping Africa’s development, in a bid to realize win-win cooperation and common development,” Xi told Kagame.

China is not only a supporter of Africa’s sustainable development, but a pioneer leading global cooperation with Africa, said the Chinese president.

“No matter how the international situation changes, China’s policy towards Africa remains unchanged, and China will not reduce its efforts to boost win-win cooperation with Africa,” Xi said.

China hopes to work closely with African countries to implement the decisions of the summit of the Forum on China-Africa Cooperation held in South Africa’s Johannesburg in 2015, he added.

Kagame, in his turn, said Rwanda cherishes its friendly ties and cooperation with China, and appreciates China’s contribution to his country’s reconstruction and development.

He welcomed more Chinese investment in Rwanda’s agriculture, mining, tourism and infrastructure.

Rwanda appreciates China’s friendly policy towards Africa, and spoke highly of China’s adherence to equality and mutual respect while developing ties with Africa, Kagame said.

Before their talks, Xi held a welcome ceremony for Kagame’s China visit.

             

 

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