Rwf8.7bn to boost electricity roll-out


The Government of Rwanda and the Kingdom of Belgium have signed a financing agreement worth € 10million (Rwf 8.7 billion) to support electricity access roll-out programme (EARP) through Rwanda Energy...

Indian government approves agreement with RwandAir

The Government of India on Wednesday approved the Air Services Agreement (ASA) between India and Rwanda. The agreement allows for an enabling environment for enhanced and seamless connectivity while providing...

Ecobank earmarks Rwf400 million to support start-ups

Ecobank has earmarked $500,000 (about Rwf410 million) to support startups and young innovators across the African continent.

[PHOTOS]: MTN launches MoKash savings, loan service


MTN mobile money subscribers have a new avenue to save and borrow money, thanks to a new platform, known as MoKash

Over 50 to train in post-harvest handling


More than 50 local agribusiness dealers and farmers will undergo post -harvest and storage handling training in Nairobi Kenya. Under the theme, ‘Reducing Food Losses and Waste: Sustainable Solutions for...

New programme to enhance efficiency of MFIs

The microfinance sector has embraced a dual apprenticeship training system to boost capacity and enhance efficiency. The system is designed to foster professionalism and enhance the quality of human resources...

I&M bank IPO opens at Rwf90


The Initial Public Offering (IPO) for I&M Bank was Tuesday morning launched and will lead to the sale of the 19.81 shares the Government of Rwanda owns in the bank...

Skills gap, lack of funding affecting energy sector devt, new study indicates


There is need for the country to create training programmes, including on-job training to ensure knowledge transfer by developers, and integrate energy sector training and planning across ministries.

Retired civil servant minting cash as coffee farmer


Jean Baptiste Gasana got a rude wake-up call two years before his retirement. Though he does not say what drove him to think deeply about his retirement years, it was...

Hospitality sector gears up for Africa aviation summit 2017


As the second African Aviation Summit in Kigali draws near, sector players say the conference will be a platform to forge partnerships and learn from experience of more advanced markets...

Lack of exposure hurting growth of local innovators, says expert


Lack of exposure to the tech ecosystem is affecting growth of local innovators, according to Louis Muhire, one of the local financial technology entrepreneurs. Muhire said the situation is compounded...

RSE benchmark index rises marginally

The Rwanda Stock Exchange (RSE) benchmark index was up marginally yesterday driven by Bank of Kigali counter that gained Rwf2, the market daily report for Monday indicates. According to the...

The private sector and the SDGs


Achieving the ambitious global Sustainable Development Goals (SDGs) – which include ending poverty, improving global health, ensuring universal education, and mitigating climate change by 2030 – will cost a lot...

Relief for Nyamasheke tea farmers as the district gets new factory


Tea growers in Nyamasheke District will soon get a ready market for their produce thanks to a $12 million factory being constructed in the district. Gatare Tea Factory located in...

EAC tops in alternative finance sourcing, new report shows

The East African region recorded the largest market share of the continent’s alternative finance market in 2015, accounting for 41 per cent of total African market share compared to 24...

Rising foodstuff prices push Rwanda's inflation to 7.4% in Jan.


Rwanda’s annual inflation rate increased to 7.4 per cent last month compared to 4.5 per cent recorded during same period in 2016, the National Institute of statistics in Rwanda (NISR)...

Tea output increases in 2016, but export revenue drops to $63.4m- NAEB report


Rwanda's tea production increased marginally last year, but the country’s annual export earnings dropped, according to the National Agricultural Export Board (NAEB) monthly report for December 2016.

RwandAir nominated for regional tourism excellence awards

RwandAir has been nominated for the Uganda Tourism Excellence Awards 2017 in the Best Airline category. The national career is competing for the accolade with Ethiopian Airlines. This annual event...

Rwanda's rep at Seedstars contest in Geneva confident of winning part of $1m prize money


The forthcoming Seedstars World Summit in Geneva, Switzerland presents Rwanda start-ups a big opportunity as it brings together entrepreneurs, investors and other industry players. Joanna Bichsel of Kasha (, a...

Families affected by Nyaruguru tea project resettled by NAEB


the National Agricultural Exports Board (NAEB) has started resettling over 200 families that were affected by ongoing Unilever Tea Rwanda Limited expansion project in Nyaruguru District.

StanChart Zimbabwe business limits use of Visa card abroad

HARARE – Standard Chartered Plc’s Zimbabwean business has restricted the use of Visa debit cards outside the country, in a sign that foreign currency shortages were worsening despite the introduction...

Nigeria targets 7% annual growth rate by 2020 - official

ABUJA –Nigeria is targeting economic growth of at least 7 per cent a year by 2020, the Ministry of Budget and National Planning said yesterday, a far cry from its...

Why banks are racing to embrace digital financial facilities


Just over a quarter of the population have bank accounts, a situation largely attributable to low reach of most commercial banks as focus is mainly on major towns and provincial...

Central bank urges Rwandans to invest in govt bonds as it announces first TB issuance for 2017

Rwandans have been urged to continue investing and saving through government Treasury bonds to support the country’s development goals.