Uganda moves to tap regional food market

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Kampala – Uganda has outlined strategies geared at enabling the country tap into the growing the regional food market. According to the country’s Ministry of Agriculture, food crops where Uganda...

Nyagatare rice growers optimistic as Rwf100m farm machinery is delivered

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Rice growers in Nyagatare District are in a buoyant mood after receiving Rwf100 million worth of farm machinery, saying it will ease operations and boost production. Muvumba Perimetre Eight rice...

Direct Pay Online Group acquires Virtual Card Services

kigali – Direct Pay Online Group (DPO) has today announced the acquisition of Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of VCS Group, after...

SMEs urged to embrace strong financial reporting systems

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Small-and-medium enterprises (SMEs) have been urged to embrace strong financial reporting systems to ensure proper accountability and data driven decision-making operations.

Opportunities abound for foreign investment in Africa's hospitality sector - PwC report

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The hospitality sector in Africa’s emerging markets looks set to profit from foreign investment and an influx of foreign travellers, a new report by global assurance, advisory and tax services...

KCB Bank Rwanda appoints new MD

KCB Bank Rwanda has appointed George Odhiambo (above) the acting managing director. Odhiambo replaces Maurice Toroitich who has been at the helm of the bank for nearly nine years.

Expo 2017 preparations in high gear

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Preparations for this year’s annual Rwanda International Trade Fair (RITF) are in high gear with many exhibitors already setting up their stands at Gikondo showground in Kicukiro.

New investment opportunity as govt announces Rwf10bn 5-year TB issuance

Rwandans have yet another opportunity to invest, save and support the national development effort after National Bank of Rwanda (BNR) announced bids for five-year Rwf10 billion Treasury bond.

E-waste project to create 1,000 jobs

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Rwanda’s efforts toward a green economy and sustainable development have been strengthened by new initiatives implemented by government, including putting in place relevant policies and projects aimed at achieving these...

How pop culture is driving growth of fast-food business in Rwanda

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it is a beehive of activity at Pizza Inn in Gisementi, Remera as customers make orders while others leave with their takeaway, and yet more people are enjoying their meals...

Why foreign aid should be used to diversify local exports sector

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Aid for Trade (AfT) is one of programmes guiding foreign aid for developing countries. AfT programme has helped in the establishment of supply-side and trade-related infrastructure in developing countries to...

Kanimba on empowering disabled young people through beekeeping

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when Marcellin Kanimba completed university, he realised that most youth were not involved in honey production despite its vast potential to contribute significantly to the country’s development.

Rwanda rakes in Rwf63bn from tea exports during 2016/17 FY

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Rwanda earned $8.6 million (about Rwf7.3 billion) from tea exports during the month of June, according to National Agricultural Export Board (NAEB). This was 39.4 per cent increase in export...

Businesses urged to exploit expanding internet network to drive growth, boost service delivery

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the business community, especially young entrepreneurs, should take advantage of the growing 4G long-term evolution (LTE) network coverage as an opportunity for content and online services development.

Bralirwa half-year revenue drops by 3.5%

Rwanda’s largest brewer and soft beverages company Bralirwa’s half year profit has dipped by 3.8 per cent to Rwf41.3 billion, from Rwf43 billion recorded in the same period last year,...

Equity Bank rewards customers for using its Western Union, MoneyGram services

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Nine Equity Bank Rwanda customers have been rewarded for using its MoneyGram and Western Union money transfer services during the month of July. Athanasie Niragira, the Equity Bank head of...

Tz govt repossesses 10 dormant privately-owned industries

DAR ES SALAAM – Tanzania has repossessed of 10 privatised industries after they had been dormant for 20 years.

Franc expected to remain stable for the remaining part of 2017

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the slight depreciation of the Rwandan franc against the US dollar recorded in the past few weeks was “expected and there is no cause for alarm,” according to the Rwanda...

Fitch affirms AfDB 'AAA' rating for stable outlook

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Fitch has affirmed the African Development Bank’s (AfDB) long-term issuer default rating (IDR) at ‘AAA’ with a stable outlook, and its short-term IDR at F1+. This is the best quality...

Rwanda's inflation rate drops to 3.5% year-on-year in July

Rwanda’s inflation rate dropped to 3.5 per cent in July year-on-year from 4.8 per cent recorded in June, the monthly Consumer Price Index report for July 2017 indicates.

Access to finance boosted as KCB unveils small loans mobile product

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It will now be easy for KCB Bank Rwanda customers to access small loans to cater for emergencies or restock thanks to the bank’s new mobile credit product.

Local firms urged to invest in young people

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Private sector players have been urged to invest in programmes that build the capacity of youth and support efforts geared at job-creation and skills development.

Ethiopia's manufacturing sector export revenue falls below target

Addis Ababa – Ethiopia earned $436.73 million from the manufacturing sector exports in the Ethiopian fiscal year 2016/17 that ended on July 8.

Firm loses license to operate money transfer business in Rwanda

The National Bank of Rwanda has revoked the operating license of Mustaqbal Express Limited, a money remittance firm operating in the country. According to a public notice signed by the...