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Rwanda Cabinet Extends Central Bank Chief's Term by Six Years

Rwanda Cabinet Extends Central Bank Chief's Term by Six Years

(Bloomberg) -- Rwanda’s cabinet approved a six-year extension of central bank Governor John Rwangobwa’s term, according to a statement by the prime minister’s office.

The cabinet also consented to a 10 percent salary increase for teachers in public schools, according to the statement. Further, the ministers agreed to a concession between the Rwanda Development Board and Gasmeth Energy Ltd for the extraction of methane gas from Lake Kivu and approved 25 applications for mineral and quarry licenses.

To contact the reporter on this story: Saul Butera in Kigali at sbutera2@bloomberg.net

To contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Helen Nyambura, Renee Bonorchis

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