Business

PROTECTING DEPOSITORS:Financial facility to cushion clients  The central bank is pushing for a law that would require banks and other financial institutions to make mandatory deposits with the objective of clearing depositors in case the bank or any deposit-taking financial institution runs bankrupt.

Rwanda’s national carrier, RwandAir, will delay the delivery of the brand new Regional Jets, the airline had set to acquire mid-this year, the airline’s officials disclosed.

Africa’s aviation industry is expected to maintain its growth trend because of an increasing number of Africans who can now afford to pay for the cost of air travel and the ongoing aviation reforms that are attracting more private sector players, aviation industry experts said.