Business

[FEATURED]: MTN’s “21 days of Y’ello care” reaches Murama School

Students of Groupe Scolaire Muramba were the beneficiaries of MTN’s “21 days of Yello Care”, an annual drive where the Telcom operator gives back to the community. The school, located in Rwamagana district received a massive water tank with a capacity of 10,000 litres. With...

Monday, June 18, 2018 - 1:01pm

CrimsonLogic sets up African hub in Rwanda

To increase their footprint in Africa, CrimsonLogic, a partner of  RwandaOnline Platform Limited (ROPL) and a leading provider of eGovernment products and services, has opened a local office in Kigali. With its headquarters in Singapore, the office will become the firm’s regional hub...

Monday, June 18, 2018 - 8:56am

German court says investors can seek redress from Porsche in Volswagen case

A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE. Investors from around the world have lodged lawsuits at a regional court in...

Saturday, June 16, 2018 - 12:39am

Trump sets $50 billion in China tariffs

U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies. Trump, whose hardline stance on trade has led him to wrangle...

Saturday, June 16, 2018 - 12:33am

South Sudan’s cabinet passes $63 million budget for 2018/19

South Sudan’scabinet adopted on Thursday a budget of 81.6 billion South Sudanese pounds ($62 million) for the 2018-19 fiscal year, an increase of 75 per cent from the previous period, the government said. More than four years of civil war have destroyed South Sudan’s economy. Inflation...

Friday, June 15, 2018 - 12:13am

FEATURED: Trust Industries upgrades production to promote ‘Made-in-Rwanda’

Trust Industries is set to give its competitors -that include mostly foreign brands- a run for their money after completing installation works on what is now a fully-fledged bar soap semi-automated production line at the Kanzenze, Nyamata, based plant. Since diversifying into manufacturing in 2012...

Thursday, June 14, 2018 - 12:27pm

RDB to shut down discriminatory businesses

The Rwanda Development Board has issued a stern warning to tourism operators and service sector players that they risk being shut down if found to be discriminatory. The warning specifically targets entities including restaurants, nightclubs, tour operators, guides and hotels. Closure of a...

Thursday, June 14, 2018 - 11:56am

Rwanda coffee to be showcased at the World of Coffee exhibition in Amsterdam

Rwandan coffee will be showcased at the World of Coffee exhibition in Amsterdam, The Netherlands from June 21 to- 23, the National Agricultural Export Development Board (NAEB) has confirmed. The World of Coffee exhibition is Europe’s largest coffee gathering and one of the world’s...

Thursday, June 14, 2018 - 8:31am

Ethiopia targets foreign investment to ease currency shortage

Ethiopia’s government has explained that privatisation of the national airline and state telecommunications company is being done to ease the shortage of foreign currency. Ethiopia announced last week plans to open its state-run telecoms monopoly and state-owned Ethiopian Airlines to private...

Thursday, June 14, 2018 - 8:04am

BRD seeking to fill senior management vacancies

The Development Bank of Rwanda says that they are in the process of filling 4 senior management positions that were left vacant after resignation of the office holders. The resignation of top officials last month in various departments within the bank follows the exit of the bank’s former...

Thursday, June 14, 2018 - 1:51am

Indian, Rwandan companies to do business under the India Rwanda Innovation Growth Programme

Over ten Indian and Rwandan companies have finally signed Business Engagement Agreements (BEAs) for the first year of India-Rwanda Innovation Growth program focusing on five sectors that include agriculture, IT, health, leather and energy. This was revealed on Monday this week during a Business...

Wednesday, June 13, 2018 - 6:52pm

Consumer goods prices went up by 3% in May

National Institute of Statistics of Rwanda (NISR) has announced that the prices of consumer goods has risen by 3 per cent in May 2018 up from 1.7 per cent in April. In May 2018, food and non-alcoholic beverages, housing, water, electricity, gas and other fuels and Transport rose by 1.5 percent, 5....

Tuesday, June 12, 2018 - 10:23pm

Featured: TECNO Mobile brings TECNO SPARK 2

It’s the beginning of another half of 2018 and leading smartphone multinational, TECNO Mobile is showing no signs of slowing down as they continue to stamp their feet as the number one smartphone brand in the African mobile market with the release of yet another outstanding camera-centric...

Tuesday, June 12, 2018 - 6:43pm

Rwandan social entrepreneur bringing water to rural neighbourhoods

Venuste Kubwimana, 33, a Rwandan social entrepreneur has been attempting to succeed in an ecosystem where only economically profitable ventures thrive. However, his enterprise ‘Water Kiosk at School’ is a classic startup story, with more aims than profits and financial returns....

Tuesday, June 12, 2018 - 1:15am

Entrepreneur’s advice: How to start up a salon business

Oliver Murungi is an entrepreneur who quit employment due to multiple challenges to start her own business. Though she had a multiple business ideas, she chose starting a salon as she is quite passionate with the beauty industry. The Business Administration graduate had no funds to start the...

Monday, June 11, 2018 - 11:06pm

Regional countries to integrate electrification projects

In a bid to meet the energy demand for industries, domestic use and businesses purposes, the Ministry of Infrastructure says the access can be boosted by making the most of  cross-border electrification projects especially from Central African countries.   Currently national access to...

Monday, June 11, 2018 - 10:14pm

Sub-Saharan Africa, losing $2.5 trillion due to gender inequality – World Bank

A Study by World Bank Group released on early this month has revealed that globally the loss in human capital wealth due to gender inequality is estimated at $160.2 trillion countries while  In Sub-Saharan Africa, the losses are estimated at $2.5 trillion. The study included about 141...

Monday, June 11, 2018 - 9:55pm

Rolls-Royce, preparing to cut thousands of jobs, says engine problem has spread

Britain’s Rolls-Royce (RR.L) said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group that is due to cut more than 4,000 jobs this week. Britain’s best known engineering company has been hit by a...

Monday, June 11, 2018 - 9:43pm

Africa should anticipate benefits from AFCFTA than protectionism

Preferential Trade agreement, free trade areas, customs union, once well planned under the African Continental Free Trade Area (AFCFTA pact), benefits outweigh protectionism by far. AFCFTA member countries will have few or no price controls in form of tariffs or quotas between each other. This...

Monday, June 11, 2018 - 8:58pm

How can the mismatch in housing supply be addressed?

As Rwanda’s urbanisation continues to gather pace, researchers in the housing sector have called for fresh efforts to address several challenges hindering the provision of affordable housing for low-income households and the gap between demand and supply. Dr Aime Tsinda, a senior research...

Monday, June 11, 2018 - 12:09pm