Business

Improve output, quality to benefit from Africa’s free trade area, farmers told

Grain sector stakeholders especially farmers, have been urged to improve productivity and enhance grain standards to take advantage of the huge market opportunities presented by the Africa Continental Free Trade Area (CFTA) agreement. A total of 44 countries signed the CFTA deal in Kigali on March...

Friday, March 30, 2018 - 10:19am

10 SMEs look to list on the local exchange

Over 10 small-and-medium enterprises (SMEs) and other corporates are looking to list on the Rwanda Stock Exchange’s alternative market segment, officials said yesterday. Speaking during the RSE Listings Forum 2018 roundtable, Pierre-Celestin Rwabukumba, Rwanda Stock Exchange (RSE) chief...

Friday, March 30, 2018 - 10:01am

47 Rwandan entrepreneurs for 2018 TEF programme

Agribusiness entrepreneurs and innovators dominate Rwanda’s representation to this year’s Tony Elumelu Foundation (TEF) Entrepreneurship Programme. Of the 47 local entrepreneurs selected to join the 4th cohort of the programme, 25 have agriculture-related ventures and innovations,...

Thursday, March 29, 2018 - 11:32pm

AB Bank commits to promoting savings mobilisation efforts

The second AB Bank Tombola promotion has helped the financial institution to increase deposits by 20 per cent, officials have said. Joas Sibomana, the AB Bank deputy head of micro-credit, said that 282 new clients joined the bank during the promotion period, which helped increase the institution...

Thursday, March 29, 2018 - 5:52pm

Rwanda Stock Exchange launches platform for SMEs

Rwanda Stock Exchange (RSE) has launched its second securities platform that is targeting small-and-medium businesses. The Small-and-Medium Enterprise Segment (SMEMs) seeks to give SMEs and other corporate companies access to capital market to raise development finance. Already, over 10 SMEs and...

Thursday, March 29, 2018 - 4:30pm

Network upgrade to enhance data quality, user experience – MTN official

MTN Rwanda has started the final phase of its massive network modernisation and transformation plan aimed at ensuring seamless data quality and delivering the best customer experience across the country. Mohamad Kiwan, the MTN chief technology and information officer, said the telecom firm’s...

Thursday, March 29, 2018 - 2:26pm

Central Bank maintains key repo rate to encourage more lending

The Central Bank has maintained the key repo rate at 5.5 per cent to encourage the banking sector to continue financing the economy. The key repo rate is rate at which the central bank lends to commercial banks. The decision to maintain the rate was announced by Governor John Rwangombwa of the...

Thursday, March 29, 2018 - 12:22am

445,000 households to access off-grid power under new BRD Rwf4bn funding

Private sector-lead projects geared at boosting access to power will now find it easier to secure funding, thanks to a new deal signed between Development Bank of Rwanda (BRD) and commercial banks. The multimillion dollar funding agreement seeks to enable the banks to finance off-grid power...

Wednesday, March 28, 2018 - 11:38pm

Charcoal dealer wins AB Bank Tombola promo motorcycle

Narcice Singirankabo, a charcoal seller in Rwampara, Nyarugenge District, has won a new motorcycle in the second AB Bank Tombola promotion. Singirankabo said the motorcycle (which the top prize of the promo) worth Rwf1.1 million will ease his business operations. The trader started banking with the...

Wednesday, March 28, 2018 - 2:56pm

Young people urged to be at forefront of savings promotion

Young people should be at the forefront of promoting a savings culture in the country, Eric Rwigamba, the director-general for financial sector development at the Finance ministry, has said. Speaking during the finals of the 5th edition of the Capital Market University Challenge on Monday,...

Wednesday, March 28, 2018 - 12:00pm

Tourism sector players laud proposed lifting of visa restrictions by South Africa

Tourism and hospitality sector players have lauded proposed lifting of visa restrictions on Rwandans by South Africa, saying it boost their operations and the number of new arrivals. South Africa’s new president, Cyril Ramaphosa, announced the decision during the 10th extraordinary meeting of...

Tuesday, March 27, 2018 - 9:04pm

MTN, RwandaOnline partner to drive use of mobile digital payment systems

Ongoing efforts to promote the use of mobile and digital payment systems have been boosted by a renewed partnership between MTN and RwandaOnline. The two firms, yesterday, launched a joint campaign geared at promoting mobile online payment services by the telecom’s mobile money subscribers....

Tuesday, March 27, 2018 - 8:59pm

MTN, RwandaOnline launch campaign to promote mobile digital payments

MTN, RwandaOnline have unveiled a new drive that is aimed at increasing use of digital payment services by the public. The 90-day campaign dubbed “Byikorere ku Irembo, Birangize na MoMo” seeks to encourage Rwandans to pay for services electronically, according to Bart Hofker, the MTN...

Tuesday, March 27, 2018 - 2:23pm

Green growth through carbon trading

Rwanda is one of fastest growing economy in Africa and has had a stable rate of economic growth since 2010. The country has strong commitment to achieve sustainable economic growth through guided resources exploitation and environmental protection. To achieve sustainable development, Rwanda has...

Tuesday, March 27, 2018 - 12:23pm

Ngoma farmers urged to embrace technology to spur production

Farmers in Ngoma District have been urged to embrace modern agricultural techniques, include technology, to improve production and their household incomes. Aphrodis Nambaje, the Ngoma District mayor, said many smallholder farmers still use poor methods of farming which affects production and...

Tuesday, March 27, 2018 - 12:21pm

Why money management skills are a ‘must-have’ for any business

Many a business operators complain about lack of funding, and yet many more squander the little cash they have, including bank loans, which eventually leads to their collapse. It is no secret that an entrepreneur is as successful as their money handling habits. According to Claude Harerimana, a...

Tuesday, March 27, 2018 - 12:18pm

Five tips to ‘keep the cash flowing’

Cash flow problems - more money going out of the business than is coming in - are among the most significant reasons that Nigerian companies go out of business. Cash flow isn’t simply about sales or profits - it’s also about your business expenditure and your ability to collect money...

Tuesday, March 27, 2018 - 12:07pm

Volkswagen appoints new Rwanda CEO

Volkswagen Group South Africa has appointed Michaella Rugwizangoga (pictured) as the chief executive officer of Volkswagen Mobility Solutions Rwanda. Rugwizangoga, a chemical engineer, comes to Volkswagen with a wealth of strategic planning, project management and product development experience,...

Tuesday, March 27, 2018 - 9:57am

New Rwf23bn project to revamp water transport, boost cross-border trade

It is a beehive of activity as livestock and other traders move back and forth loading tens of goats and sheep and other commodities onto a rickety boat at Ruganda ‘port’. The boat is headed for a journey across Lake Kivu to DR Congo. I am told the cross-border traders perform the...

Tuesday, March 27, 2018 - 9:54am

Stock market presents SMEs huge growth opportunities

Rwanda Stock Exchange (RSE) will, on Thursday, hold a landmark listing forum, targeting small-and-medium enterprises (SMEs), a key step toward attracting small businesses to come to the exchange’s alternative market segment. The RSE Listing Forum 2018 follows a two-month long sensitisation...

Tuesday, March 27, 2018 - 12:00am