Rwanda's Kagame appoints central banker as new prime minister
The appointment of Justin Nsengiyumva, the former prime secretary at the education ministry who holds a PhD in economics from the University of Leicester, was announced by the office of the government spokesperson in a post on X late on Wednesday.
The post did not say why the incumbent, Edouard Ngirente, was dropped. Ngirente, who had been prime minister since 2017, thanked Kagame on X, writing: "This journey has been deeply enriching."
Kagame appointed Nsengiyumva as deputy governor at the National Bank of Rwanda earlier this year. Nsengiyumva's official biography says he has worked for the British government, including as senior economist for the Office of Rail and Road.
Prior to his work in the UK, Nsengiyumva served as permanent secretary at Rwanda's education ministry. In 2008, while serving in that role, he was arrested for alleged corruption and later convicted, according to the state-owned New Times newspaper.
Kagame pardoned him in March 2023 alongside 380 others in unrelated cases, the New Times reported.
A Rwandan government spokesperson did not immediately respond to a request for a comment.
Rwanda last held elections in 2024 when Kagame was re-elected with 99.18% of the vote, extending his near quarter-century in office.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

TimesLIVE
5 hours ago
- TimesLIVE
Porsche and Aston Martin hike US prices to pass on cost of Trump tariffs
US tariffs have pummelled global carmakers, forcing companies such as GM, Volkswagen, Hyundai and Mercedes-Benz to book billions of dollars of losses, issue profit warnings, slash forecasts and raise prices. Japanese carmaker Nissan reported a $535m (R9.69bn) loss on Wednesday, hit by US tariffs, restructuring and lower sales volumes. British sports car maker Aston Martin said it made incremental price increases in the US since last month, issuing a profit warning citing a hit from import tariffs and prolonged suppressed Asian demand. While bigger carmakers have so far held off, other sectors have seen price hikes as companies have looked to pass on the additional cost of tariffs. Analysts said larger carmakers could also increase prices in the second half of the year. 'Into the second half we are looking to gain additional visibility with regards to the ability of Mercedes-Benz and the rest of the premium original equipment manufacturers to increase prices in the US to offset the impact of tariffs,' JPMorgan said in a note. European carmakers are also getting less optimistic that they could seal extra sector-specific tariff reductions, resigned to dealing with the 15% rate. Mercedes CEO Ola Källenius told analysts on Wednesday the group was assuming tariffs would remain at 15%, throwing cold water on hopes companies may be able to negotiate individual deals. 'For all intents and purposes that global deal for now is it,' said Källenius, also president of Europe car lobby ACEA. Any side deals were 'very uncertain'. Volkswagen said last week it was hoping investment commitments could help it negotiate lower US tariffs. But Blume, also head of VW, suggested there would not be a separate US deal for the automotive sector. 'I agree with Ola Källenius' assessment that there will not be a separate automotive deal,' Blume said.


eNCA
19 hours ago
- eNCA
Controversial Bain & Company shuts up shop in SA
JOHANNESBURG - Bain and Co has decided to shut up shop in South Africa. The mega consultancy firm suffered huge reputational damage when it was embroiled in a corruption scandal involving former President, Jacob Zuma. The Nugent Commission in 2018 looked at how SARS was restructure according to a BAIN plan to become a shadow of its former self. The Zondo Commission of Inquiry found that Bain colluded with Zuma and a former SARS commissioner, Tom Moyane, to seize SARS and weaken it deliberately. The commission said it was one of the clearest cases of state capture. British politician, former UK Cabinet Minister, Lord Peter Hain, who has ties to SA and has been vocal about Bain and Company.

TimesLIVE
a day ago
- TimesLIVE
Aston Martin warns on profit as US tariffs, stagnant Chinese demand bite
British luxury carmaker Aston Martin issued a profit warning on Wednesday citing a hit from US import tariffs and prolonged suppressed Asian demand linked to China's economic slowdown, sending the company's shares down as much as 7%. It forecast adjusted operating profit to roughly break even this year, compared with its earlier expectation of positive earnings, as it also expects a hit from a stronger pound and investments in software. US President Donald Trump's tariffs had been 'extremely disruptive' in the second quarter, Aston Martin executives said during a call with journalists. A trade deal Britain agreed with Washington last month establishes a quota-based US tariff system for imported British cars. The first come, first served system allows 25,000 UK-made cars per quarter to qualify for a 10% tariff with additional imports facing a 27.5% levy. The company said the quota mechanism had complicated financial planning for 2025 and possibly into 2026.