Kagame's Economic Mirage by David Himbara

Author:David Himbara [Himbara, David]
Language: eng
Format: epub
Tags: Business, Economics, Non-Fiction
ISBN: 9781519411211
Google: xl6wDAEACAAJ
Amazon: B073W1YTNM
Publisher: CreateSpace Independent Publishing Platform
Published: 2016-06-01T23:00:00+00:00

Total revenue collections of Frw 838,667,155,384 for the year ended 30 June 2014 are overstated by Frw 32,587,909,778 (USD 42.4 million equivalent)…There were no cashbooks provided for 40 RRA bank accounts; 12 bank accounts were omitted from the revenue accountability statement despite 8 of them appearing in the RRA bank register and reported balances for 61 bank accounts were not properly reconciled to the respective bank statements.223

In an incident that seemed rather comical, no one could tell the value of the minerals Rwanda was exporting because the Rwanda Natural Resources Authority (RNRA), the Rwanda Revenue Authority, and the National Bank of Rwanda all had different data. This is how the auditor-general described the bizarre situation:

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