Banking in 2017: From ‘branch-centric’ to ‘tech-centric’ growth


Brett King, author of Breaking Banks wondered; “you probably never thought of Uber as an acquirer of small business bank accounts, but if you’re an Uber driver and Uber can...

New online platform to support grain farmers


Grain and cereal farmers in Rwanda will now be able to access regional market information, particularly prices and markets, thanks to an online platform unveiled by the Eastern Africa Grain...

Bourse sheds 95% value in weekly total turnover

The Rwanda Stock Exchange (RSE) opened the first week of 2017 with a 95 per cent drop in value, figures for the week ended January 6 indicate.

Egyptian importers on verge of bankruptcy after currency float

Cairo – Mohsen al-Gedamy has run a successful business for the past seven years importing beans, a staple food for many Egyptians, but after the currency was suddenly floated late...

Oil prices drop over output cut doubts

Singapore – Oil prices dipped yesterday over lingering doubts that some producers might not implement announced production cuts in an attempt to curb global oversupply.

Bond market rakes in Rwf40m


The bond market raked in Rwf40.12 million in total turnover yesterday, continuing its relatively good run from last year, the Rwanda Stock Exchange (RSE) indicates. The FXD4/2014/7-year that is redeemable...

Co-ops help deepen savings culture among Kigali’s former street vendors


The government has for years been promoting co-operatives as one of the ways to encourage Rwandans to save and invest. The campaign has seen hundreds of credit and saving groups,...

Economy grows by 5.2% in third quarter of 2016


Rwanda’s economy grew by 5.2 per cent during the third quarter of 2016, a report by the National Institute of Statistics of Rwanda (NISR) released over the weekend indicates.

Low activity as local stock exchange opens New Year trading

The Rwanda Stock Exchange (RSE) opened the New Year on a low note with just a few shares transacted, continuing last year’s poor run, the bourse daily market report for...

Flower exports gain momentum as NAEB mulls strategies to increase production


The long wait is over. Finally, after over three years of planned rose exports from Rwanda’s Gishari Flower Park in Rwamagana District, ‘encouraging’ flower shipments have made it to key...

Banana, beef prices up in Kigali


If bananas are your favourite dish, you will have to pay Rwf50 more for a kilogramme of banana fingers after the price shot to Rwf350 in Kigali markets, up from...

Standards watchdog suspends pre-shipment inspection scheme


The decision by government to shelve plans to contract private firms to carry-out pre-shipment inspection for goods destined to Rwanda has raised concern from the business community, especially importers. The...

Heremans abandoned consultancy jobs in the UK to vend beans in Rwanda


He visited Rwanda about two years ago as part of the consultancy work that often saw him traverse the globe. However, the visit was to be the turning point in...

How to boost your team's performance in the New Year


How well did your team perform this past year? What are your team’s goals for the coming year? How did you contribute to your team’s performance?

District job centre transforms livelihood of Gisagara youth


Jean Pierre Harelimana had almost given up on any hope of getting a decent job or starting a small enterprise. The young man was among the hundreds of unemployed youth...

The President's message on customer service is timely


I want to start this piece with a confession: I envy Rwandans for having a President who is a fervent advocate of customer service. Throughout my years working on customer...

Why you should save and invest through RNIT Iterambere Fund


The government launched a financial literacy campaign about two years ago. The campaign also has a component on deepening the savings culture in the country. The initiative also seeks to...

Bourse weekly turnover drops 48% as RSE ends ‘hard’ year


The Rwanda Stock Market (RSE) weekly turnover dropped by over Rwf69.8 million on December 30 to Rwf75.2 million, down from Rwf145.04 million recorded for the week ended December 23.

Amazon files patent for flying warehouse

NEW YORK – Amazon has filed a patent for massive flying warehouses equipped with fleets of drones that deliver goods to key locations.

African tech start-up rings closing bell at NYSE

NEW YORK – Digital media company, She Leads Africa (SLA) has become the first African startup to ring the closing bell at the New York Stock Exchange (NYSE).

Mixed fortunes for shoppers in Kigali


Most food and commodity prices remain largely stable in markets across the City of Kigali ahead of the New Year festivities, a mini-survey by The New Times shows. The price...

Central bank intervenes as bad loans increase

The central bank has resolved to work more closely with financial institutions besides strengthening further its monitoring and supervision roles to help stem growing rate of bad loans in the...

RNIT Iterambere Fund net asset value grows


The RNIT Iterambere Fund net asset value has continued to increase over the past week, hitting Rwf102.20 yesterday. The Fund was established by Rwanda National Investment Trust (RNIT) to promote...

Energy utility moves to enhance efficiency, revenue collection


The Energy Utility Corporation Limited (EUCL) has unveiled a new drive that seeks to increase access to electricity as well as boost efficiency and improve revenue collection.