Business

RwandAir’s planned flights to China will spur trade and tourism - businessleaders

Plan by RwandAir to start flights to Guangzhou, China mid-this year will facilitate trade and boost tourism, government and private sector officials have said. Jean de Dieu Uwihanganye, the State Minister in charge of Transport, said that national carrier will launch its flights to Guangzhou in...

Saturday, July 21, 2018 - 11:42am

Integration to dominate agenda at forthcoming EAC meeting

Market driven integration will top the sixth annual East African Community (EAC) Secretary General’s Forum slated for Nairobi early next week. The forum, which has been held every year since 2012, aims at providing an opportunity to the private sector, civil society and other interest groups...

Friday, July 20, 2018 - 8:54pm

Nigeria Air seeks strategic partner to invest $300m

Nigeria’s government is seeking a strategic partner to invest up to $300 million and operate the new national airline, Nigeria Air, according to a document seen by Reuters on Thursday. The West African country’s previous national carrier, Nigeria Airways, was founded in 1958 and wholly...

Friday, July 20, 2018 - 8:18pm

EAC set to embrace online drive to empower women

A continent-wide online platform to support women entrepreneurs has been launched with the support of the African Development Bank (AfDB). The 50 Million African Women Speak Networking Platform Project (50MWS) will provide financial and non-financial information to women entrepreneurs within the...

Friday, July 20, 2018 - 8:15pm

Rwanda, Kenya, Uganda and Eritrea get new WB director

Rwanda, Kenya, Uganda and Eritrea have a new country regional World Bank Country Director. Felipe Jaramillo took over as the new regional director effective July 1, 2018, succeeding Diarietou Gaye, who has been appointed as the World Bank’s Director of Strategy and Operations for the Africa...

Friday, July 20, 2018 - 12:02am

EU readies new trade retaliation list before Trump visit

The European Union’s trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars. Trade Commissioner Cecilia Malmstrom will...

Thursday, July 19, 2018 - 11:58pm

EAC wants members to review 100 laws

The East African Community (EAC) is pushing partner states to review over 100 national laws to conform with the Common Market Protocol. The laws relate to free movement of goods, people, labour, capital, services and the right of establishment and residence. “Harmonisation of partner...

Thursday, July 19, 2018 - 11:56pm

Zambia’s Kapwepwe is new COMESA secretary general

Zambia’sChileshe Kapwepwe was Wednesday chosen as the new Common Market for Eastern and Southern Africa (COMESA) Secretary General, becoming the first woman to hold the post. The announcement was made at the 20th COMESA Heads of State and Government Summit, which begun Wednesday at Lusaka...

Thursday, July 19, 2018 - 11:21am

Expo 2018: PSF advocates for electronic payments

Shoppers and revelers at the forthcoming Rwanda International Trade Fair are encouraged to use electronic payments to access the exhibition premises as organisers announced they will also accept card-based payments, adding impetus to the country’s ambitions towards a cashless economy. The...

Wednesday, July 18, 2018 - 10:57am

BRD struggles to recover Rwf68b in student loans

Rwanda Development Bank (BRD) faces a daunting task to recover Rwf68 billion from university graduates who benefited from the government initiated student loans. Latest statistics show that, since 1980, over Rwf80 billion has been loaned to some 70,000 Rwandan students to pursue higher...

Tuesday, July 17, 2018 - 11:56pm

Global accountancy body debuts in Rwanda

Local accounting professionals now have options of qualifications with the recent entrance of Chartered Institute of Management Accountants (CIMA) into the country. The body is a United Kingdom based professional body which offers training and qualification in management accountancy across...

Tuesday, July 17, 2018 - 10:42pm

French entrepreneurs curbing counterfeit using blockchain technology

How does one tell if a product is genuine or not? According to the International Chamber of Commerce, counterfeiting is estimated to cost the global economy up to a trillion dollars a year. But French innovators are working to reverse this trend. A team of French entrepreneurs, most of whom have...

Tuesday, July 17, 2018 - 6:58pm

Lack of trust and limited skills holding back E-commerce advancements

Rwanda’s Small and Medium Entrepreneurs have cited challenges in the pick-up of electronic-commerce ventures. Some of the challenges in the way of E-commerce uptake, they say, has been lack of trust among clients as well as limited knowledge of the sector. Hakym Reagan, who owns a boutique...

Tuesday, July 17, 2018 - 11:23am

Innovation: 27-year-old produces juice, wine and biscuits from potatoes

Jean Paul Ntezimana, a fresh graduate, had severally tried to find employment from both government institutions and private sector vain. This led him to contemplate new ways of making a living on completion of his tertiary education. Having known that from starch in potatoes one can produce...

Tuesday, July 17, 2018 - 2:12am

Twitter removes locked accounts from follower numbers in new policy move

Twitter users the world over have seen a drop in their follower numbers in recent days. In keeping with its measures to crack down on spam accounts, Twitter announced a major policy push on Wednesday stating it was removing all locked accounts from people’s follower numbers. Twitter said it...

Tuesday, July 17, 2018 - 12:02am

Fish farmers decry lack of quality, affordable fish feeds

Fish farmers across the country have raised concerns over lack of quality and affordable feed which they say is affecting fish productivity in the country. Fish production stood at about 29, 000 tonnes last year with the target to reach over 31,600 tonnes this year, according to officials from the...

Monday, July 16, 2018 - 11:59pm

Consumerism and climatic change

Consumerism is an economic and cultural ideology that encourages the acquisition of goods and services. The Theory of Consumerism states that a country that consumes goods and services in large quantities will be better off economically and experience high growth rate. Over last few decades...

Monday, July 16, 2018 - 11:52pm

Global oil prices drop

Oil market has been closely watching the trade dispute between the United States and China, the extent of the potential sanctions on Iran and the supply status of Libya for the week ending July 13. Especially, the market weighed concerns over resurgent Libyan supply. Oil prices fell sharply on...

Monday, July 16, 2018 - 11:02am

Liquid Telecom sign MoU for fibre network from Cape Town to Cairo

Liquid Telecom, the leading pan-African telecoms group, and Telecom Egypt (TE) announced at the 2018 annual meetings of the African Export-Import Bank (Afreximbank) the signing of a memorandum of understanding (MoU) that will enable Liquid Telecom to soon complete Africa’s terrestrial fibre...

Monday, July 16, 2018 - 12:34am

Final pitching for mobile money hackathon kicks off today

Top software developers, most of them based in Rwanda, will today (Sunday) pitch their mobile money solutions, culminating into the closure of the fourth edition of GSMA Mobile Money Hackathon. The hackathon is a two-day coding challenge organised by GSMA, a global association of telecom...

Sunday, July 15, 2018 - 12:06am