Business

EABC moots new strategies to benefit from African continental free trade zone

Regional governments should move fast and expedite integration process to give the East African Community a competitive edge in proposed continental free trade zone, the East African Business Council (EABC) leaders have said. Last week, 44 African Heads of State and government officials signed the...

Tuesday, March 27, 2018 - 12:00am

EABC roots for common approach in regional integration process

Public and private sector players should have a common approach that will help expedite the implementation of regional integration, thus drive the East African Community into a large market. Rwanda’s businessman, Denis Karera, the managing director of Kigali Heights, said a hormonised...

Tuesday, March 27, 2018 - 12:00am

20 students eye Rwf4m capital market varsity challenge cash in today's national finals

The annual Capital Markets University Challenge, which kicked off on March 6 in Southern Province, ends this afternoon with 21 students competing to win part of the Rwf4 million that is up for grabs. The competition, which has been going for the past three weeks, has quiz and essay writing...

Monday, March 26, 2018 - 12:00am

China cautions US against putting bilateral trade ties in jeopardy

BEIJING – China’s Ministry of Commerce (MOC), yesterday, urged the United States to “pause on the brink of a precipice” and make prudent decisions so as not to put bilateral trade relations in jeopardy. Calling the recent US restrictive measures on China “a very bad...

Saturday, March 24, 2018 - 12:00am

Norway's electric cars rise by 40%

OSLO – A total of 142,490 electric cars were registered in Norway at the beginning of 2018, an increase of over 40 per cent from the previous year, the country’s statistics bureau has said. The vast majority of the electric cars were passenger cars, totalling 139,000, Statistics Norway...

Saturday, March 24, 2018 - 12:00am

Kenya shilling holds steady in Friday trade

Nairobi – Kenya’s shilling held steady yesterday, and traders said it was expected to ease in the days ahead due to demand from sectors like manufacturing, while inflows from horticulture were expected to give it support. Commercial banks quoted the shilling at 100.90/101.10 to the...

Saturday, March 24, 2018 - 12:00am

Ghana raises $356.3m from domestic bond sale

accra – Ghana’s three-year domestic bond has scooped 1.57 billion cedis (about $356.3 million) tendered and will pay a yield of 16.5 per cent, joint transaction arrangers said. Initial guidance for the 2021 maturity, open to non-resident Ghanaians, was in the range of 15.5 per cent and...

Saturday, March 24, 2018 - 12:00am

Rwanda gets Rwf885m grant to fast-track integration projects

Rwanda will receive €832,615 (about Rwf885 million) grant as part of the support provided to the country under the COMESA adjustment facility (CAF) to expedite the implementation of regional integration programmes. CAF is funded by the 10th European Development Fund under its regional...

Friday, March 23, 2018 - 12:00am

EABC calls for policies that support women engaged in cross-border trade

Regional governments have been urged to design policies that will facilitate and attract more women to engage in cross-border trade. Jim Kabeho, the East African Business Council (EABC) chairman, said this would help improve regional trade and also strengthen the East African Community (EAC)...

Friday, March 23, 2018 - 12:00am

Embrace new technologies to increase agricultural production, Africa urged

Africa should embrace technology and innovations to boost agro-production and, hence save the billions of dollars the continent spends on food imports, the Minister for Agriculture and Animal Resources has said. Dr Gerardine Mukeshimana said use of advanced technology helps increase crop yields...

Thursday, March 22, 2018 - 12:00am

Microfinance institutions tipped on lending and consumer protection

Local microfinance institutions (MFIs) have been urged to embrace responsible lending practices and protect consumers to boost access to finance. Bernard Nsengiyumva, the National Bank of Rwanda (BNR) principal analyst in charge of policy and regulations, said it is important for MFIs to adopt...

Thursday, March 22, 2018 - 12:00am

PHOTOS: Gatete roots for cross-border investments as CBA launches operations in Rwanda

Cross-border investments will play a big role in the East African Community (EAC) integration process, the finance minister has said. Speaking during the Commercial Bank of Africa (CBA) launch dinner on Monday, Amb Claver Gatete said the entry of the Kenya-based lender could help fast-track the...

Wednesday, March 21, 2018 - 12:00am

Innovation fund project secures Rwf25.5bn loan from AfDB

African Development Bank (AfDB) has approved a loan of $30 million (about Rwf25.5 billion) to support the establishment of Rwanda Innovation Fund (RIF), according to a statement from the lender. RIF seeks to promote innovation economy in Rwanda and the East African Community (EAC) region at large...

Wednesday, March 21, 2018 - 12:00am

Rwanda’s mobile telephone penetration rate rises to 76.1%

Rwanda’s mobile telephone penetration rate has inched up by 0.5 per cent to 76.1 per cent in February, from 75.6 per cent the previous month. According to the Rwanda Utilities Regulatory Authority’s (RURA) Active Mobile Subscriptions report for February 2018, the total number of active...

Tuesday, March 20, 2018 - 12:00am

Why more real estate developers have embraced affordable housing

The real estate sector was one of the key contributors to Rwanda’s economic growth last year, adding 8 per cent to the national GDP growth during the fourth quarter of 2017. According to GDP figures released by the National Institute of Statistics of Rwanda (NISR) on March 14, real estate services...

Tuesday, March 20, 2018 - 12:00am

Local grain dealers, farmers tipped on quality

Grain dealers and farmers have been urged to ensure quality and standards as part of efforts to support cross-border trade and also help develop the grain sector in the region. EAGC’s Ngombalu. / Courtesy Janet Ngombalu, the Eastern Africa Grain Council (EAGC) regional programme coordinator,...

Tuesday, March 20, 2018 - 12:00am

Egyptian investors eye Rwanda’s energy, agriculture sectors

Egyptian investors have expressed interest in exploring business opportunities in Rwanda’s construction, agro-business, renewable energy and textile sectors. The business operators, under the Federation of Egyptian Industries, also want to invest in pharmaceuticals and making of packaging...

Tuesday, March 20, 2018 - 12:00am

Why Kigali’s real estate industry rakes in better returns compared to regional cities

Kigali has higher rental yields than any other key cities in the residential and retail sector in Sub-Saharan Africa, a recent study shows. Rental yield is the rate of income return over the cost associated with an investment property, typically expressed as a percentage. Kigali has an average...

Tuesday, March 20, 2018 - 12:00am

RNIT Iterambere Fund grows to Rwf1.5bn in February

RNIT Iterambere Fund has continued its good performance, growing to Rwf1.530 billion at the end of February, the fund’s performance report for last month indicates. This was an increase from Rwf1.476 billion recorded in January, while the net asset value (NAV) rose marginally during the month...

Tuesday, March 20, 2018 - 12:00am

Empowering generation Z through technology

The future of Africa belongs to Generation Z. As the world’s youngest region, approximately 20 per cent of Africa’s population is currently aged between 15 and 24. But the hope and promise of this generation also presents potential disaster if there aren’t enough new jobs to sustain them. Ben...

Tuesday, March 20, 2018 - 12:00am