Business

Mo Ibrahim Foundation releases report on state of Africa’s public services

A report on the state of public services in Africa has just been released by the Mo Ibrahim Foundation. And its findings are a damning indictment of the failure by the African leadership to deliver on some of the continent’s most pressing areas for development. The 128-page report will be a...

Monday, April 23, 2018 - 12:43am

New case opened against Facebook

Facebook’s attempt to limit fallout from a massive data breach hit trouble in Germany on Friday as a privacy watchdog opened a case against the social network and politicians accused its bosses of evasion. The social network has been at the center of controversy over suspected Russian...

Saturday, April 21, 2018 - 12:26am

Britain to ban sale of plastic straws, urges Commonwealth action

Britain plans to ban the sale of plastic straws and other single use products The UK is also pressing Commonwealth allies to also take action to tackle marine waste, the office of Britain’s Prime Minister Theresa May said. May has pledged to eradicate avoidable plastic waste by 2042 as part...

Saturday, April 21, 2018 - 12:23am

RRA seeks additional budget for value added tax refunds

Rwanda Revenue Authority (RRA) is seeking a supplementary budget to be able to make value added tax refunds, which have been pending and accumulating over time. This comes at a time when a section of large taxpayers have expressed concern over delays by the revenue body to pay back refunds which...

Friday, April 20, 2018 - 10:27am

East Africa growth prospects strong – World Bank report

Economic growth in Africa rebounded, but “not fast enough” in recent past, according to Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released on Wednesday in Washington. The report, which was released during the World Bank...

Thursday, April 19, 2018 - 2:42pm

TMEA commits $1.05m for regional infrastructure initiative

TradeMark East Africa (TMEA) and the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) yesterday signed a financing agreement worth US$ 1.05 million.TMEA will disburse the money to the NCTTFA secretariat over a 3-year period (2018 – 2021). Funding will enable the agency...

Wednesday, April 18, 2018 - 3:51pm

Jack Ma’s Africa fellowship second intake application on

Rwandan entrepreneurs whose startups are based in the technology space can be part of this year’s edition of eFounders Fellowship, a brainchild of Chinese billionaire and founder of Alibaba Group, Jack Ma. The fellowship, co-organised by the United Nations Conference on Trade and Development...

Tuesday, April 17, 2018 - 9:54pm

Nyamirambo artisan shapes future of needy youth with leather-making skills

A chance encounter with an Israeli soldier stationed at Kanombe introduced Juvenal Gatorano to the art of leather production. That was in 1965, when the then 18-year-old first tried his hand at making shoes. Gatorano says the chance encounter with the soldier, one Colonel Baram, who was based at...

Tuesday, April 17, 2018 - 11:40am

Mukareta: A former peasant turned coffee millionaire

The life of Francine Mukareta and Vincent Bakundukize was characterised by subsistence farming 10 years ago. The couple from Huye District lived from hand to mouth with no savings or investments to their name. However, all this was to change after Mukareta mooted the idea of growing coffee on part...

Tuesday, April 17, 2018 - 11:36am

Why maize flour prices are going up

Are you a lover of maize meal? Or do you enjoy that hot and refreshing cup of porridge? Well, you will have to dig deeper into your pockets following increase in maize flour prices over the past few weeks countrywide. According to a mini-survey by The New Times, prices of various brands of locally...

Tuesday, April 17, 2018 - 11:34am

How Huye businessman is reaping millions from growing grapes, making juice

When one talks about grapes, many people most likely envision them (grapes) in Catholic Church compound or garden. Besides, for many, growing grapes is still considered as an activity for nuns in some convent somewhere in the countryside. However, one businessman cum farmer in Huye District is out...

Tuesday, April 17, 2018 - 11:32am

How tea growing is transforming lives of rural women in Nyamagabe

It’s a beehive of activity as a group women move back and forth ferrying bags of freshly picked green leaf tea from their plantations onto a waiting delivery truck. The tea growers seem unfazed by the mildly hot mid-morning weather on this sunny Tuesday morning. Speciose Uwimana, one of the...

Tuesday, April 17, 2018 - 11:23am

23-year-old entrepreneur building wide reaching tech enterprise

A 23-year-old ICT graduate from University of Rwanda, Bovine Ishemaryayo, recently designed and launched a software dubbed ‘e-Saving’ that seeks to help vulnerable youth, especially those in rural areas to save in Savings and Credit Cooperatives (SACCOs). The initiative targets youth...

Tuesday, April 17, 2018 - 2:48am

Survivors association achieving self-reliance through agri-business

The Association of Student survivors of Genocide against the Tutsi (AERG) has over the years improved their self-reliance by making use of a 120-hectare farm in Karangazi Sector in Nyagatare District. The plot of land in Eastern Province is a gift to the association from President Paul Kagame to...

Tuesday, April 17, 2018 - 2:42am

The African free trade dividend

Africa’s increasing integration has been much talked about over the past couple of weeks. The progress displayed on this project is one for which Africa’s political leadership deserves praise, and is one of the most significant developments on the continent for many years. Africa...

Tuesday, April 17, 2018 - 2:30am

KCB Rwanda donates equipment to AVEGA-Agahozo health centre

KCB Bank Rwanda, over the weekend, donated high-tech medical equipment to the AVEGA health centre in Rwamagana District. AVEGA-Agahozo is an association of Genocide widows. The support, valued at Rwf5 million, aims at supporting treatment of patients at the facility. The biochemistry medical...

Monday, April 16, 2018 - 2:48am

Africa, Asia to take strong stand on energy

Africa and Asian countries are expected to take a strong stand on energy at the World Bank/International Monetary Fund (IMF) spring meetings in Washington, next week. They would be pushing for the Bretton Wood Institution to change the position that it would not officially be funding coal-fired...

Monday, April 16, 2018 - 2:47am

AfDB, export trading group sign $100m loan agreement

The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is structured as two successive loans of $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s...

Friday, April 13, 2018 - 11:01pm

Global tech firms team up to eliminate wildlife sales

A coalition of companies in technology industry has agreed to render online platforms and apps inoperable for wildlife traffickers to trade in endangered species. A group of e-commerce, technology and social media firms globally, will work with World Wildlife Fund (WWF), Traffic International and...

Friday, April 13, 2018 - 11:01pm

What’s holding back deployment of solar energy in Africa?

Solar power is often touted as the obvious solution for the 600 million Africans who live without electricity. But some of the biggest solar power-focused businesses on the continent say some bumps remain on the way to large-scale deployment of solar power either as an alternative to or complement...

Friday, April 13, 2018 - 12:00am