Rwanda: Kenyan privately-owned Radio station closed due to financial woes

Kigali, Rwanda (PANA) – One of Kenya's privately-owned Radio Station, KFM, which is broadcasting from Kigali, Rwanda, closed down Thursday due to financial crisis, at a time other private broadcasting stations  are facing the same situation, PANA learnt from authoritative sources.

The closure of the station, which belongs to the ‘Nations Media Group”, one of the largest media groups in  Nairobi, comes at a time the latest survey that was conducted by Rwanda Governance Board (RGB), indicates that  the number of radio stations in the East African nation has increased from 2 in 2004 to 32 in 2015 of which the majority running on commercial purposes are struggling with financial constraints.

The same report indicates that Local television stations have also grown from two in 2013 to 10 in 2015.

Rwandan officials are convinced that despite the remarkable development of the media industry in the country, this situation doesn’t mean that there are no challenges since media practitioners and news organisations which remain financially challenged, with experts blaming the weak financial muscle on a weak private sector.
-0- PANA TWA/VAO 30June2016

30 june 2016 13:52:10

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