Inside RITCO's brand new buses launched by State Minister in MININFRA Dr Nzahabwanimana Alexis yesterday (Sam Ngendahimana)
Robert Muhizi, RITCO’s Chairman of
the Board, told journalists yesterday that they plan to invest Rwf11 billion to
help address transport woes in rural areas.
“Transport is key to the
development of the country and the commitment shown by RITCO shareholders
during the last seven months after its establishment proves that the company
will achieve its goals, and be profitable,” said Muhizi.
Dr Alexis Nzahabwanimana, the
Minister of State in charge of Transport, said government is committed to
addressing long-time public transportation challenges left behind by ONATRACOM
that folded because it could no longer
An audit conducted by Ernest &
Young in 2012 concluded that ONATRACOM had difficulty fulfilling its
socio-economic mission, due to high institutional and operating costs, as well
as poor management of the institution which ultimately gave way to the creation
of RITCO Ltd.
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