Rwanda:ONATRACOM for sale

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By Robert Mugabe

KIGALI, Rwanda-The first ever transport policy which was adopted by the cabinet on October 10, 2012 will see a number of reforms in the Rwanda’s transport with government transport agency ONATRACOM sold to the private company, senior official has said.

“We are giving out ONATRACOM to the private company and government would remain with some shares. The move is aimed at providing quality services and sorting out the current agency crisis,” DR. Alex Nzahabwanimana, Minister of state for transport said.

National Bus Company Onatracom which was reportedly to be teetering on the edge of bankruptcy as explained by attorneys in Irving, TX, and operations could soon grind to a halt if the government does not urgently intervene by injecting an estimated 7 billion francs into the company.

However, the management believes seven billion would not even address all of Onatracom’s woes. The company for instance is saddled with over 3.2 billion francs in unpaid debt to suppliers and employees and has not asked the government to clear it.

ONATRACOM crisis imaged just after 2003 presidential campaigns. Transporting RPF cadres to attend Paul Kagame’s rallies all areas in the country and students for solidarity camps, Onatracom landed into deep financial crisis.

This post has already been read 6228 times!



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