Why insurance uptake has stagnated at 2% for years


Months after the regulators, National Bank of Rwanda (BNR) raised concerns about unethical practices like price undercutting and selling premiums on credit, the vices are yet to stop. Experts blame...

Banks, govt must do more to achieve a cashless economy, experts say


The push by government for Rwanda to achieve a cashless economy is slowly gaining ground with more and more financial institutions embracing and promoting financial technology (fintech). Presently, the majority...

Embrace priority sector lending to enhance financing of the agric sector


Lack of funding is one of the main challenges faced by Rwanda’s agriculture sector. Though the sector employs over 72 per cent of the local population, banks have shunned it...

African govts urged to invest more in energy sector to enhance access


African states and stakeholders have been urged to invest more in the power sector and close the continent’s energy deficit.

Nshimiyimana turns his passion for graphic design into a cash cow


As you walk into Nyagatare town, one of Rwanda’s satellite cities, one is welcomed by a number of sign posts and banners, among others. Most of these are work of...

Rwanda is ready for business, Musoni tells Chinese investors


Infrastructure Minister James Musoni has called on Chinese entrepreneurs to take advantage of Rwanda’s supportive policies and conducive business environment to come and invest in the country, saying “Rwanda is...

EU demands social media firms follow consumer rules

brussels – Social media companies Facebook, Alphabet, and Twitter will have to amend their terms of service for European users within a month or face the risk of fines, a...

Kenya producers say plastic bags ban will lead to job losses


Nairobi – Kenyan manufacturers have warned that the ban on plastic bags will lead to loss of about 60,000 jobs directly and another 400,000 indirectly in the country.

Oil prices drop on doubts over OPEC supply cuts

SEOUL – Oil prices dipped on Friday as the market looked for clues on how effectively the Organisation of Petroleum Exporting Countries (OPEC) production cuts are working to absorb a...

Uber Kenya increases prices following drivers' strike

Nairobi – The Kenyan unit of US ride-hailing firm Uber Technologies Inc has increased its fare by 20 per cent, a move that follows protests and strikes by Uber drivers...

Rwanda’s insurance sector has huge potential - new insurer


The local insurance sector has gotten a boost following the official launch of BK General Insurance yesterday, a development that could help increase penetration levels.

Indian investors eye real estate, ICT sectors

A delegation of Indian investors is expected in the country next month to explore investment and business opportunities. According to Clarence Fernandes, the Rwanda Renaissance chief, a firm that markets...

Initiative to support innovative young entrepreneurs unveiled

Enterprising and innovative young Rwandans have an opportunity to secure funding to implement or expand their business ideas thanks to a new initiative by Airtel Rwanda and UNICEF. The two...

How Ngoma varsity student used pocket money to start a honey processing venture


Shaffy Hagenimana has always dreamt of becoming an entrepreneur since he was a little boy. This desire pushed him to forego most of the pleasures of teenage boys and saved...

Govts challenged to enhance intra-Africa trade, ease travel


Efforts aimed at deepening trade among African countries have been boosted by the launch of a new trade facilitation tool. Launched yesterday, the One-Stop Border Post Sourcebook is tipped to...

Nigeria’s inflation rate eases to 17.78% in February

LAGOS – Nigeria’s inflation rate bucked the trend in February to fall to 17.78 per cent, its lowest level in 15 months, driven by a slower rise in general price...

Rubavu cross-border traders decry unsolved challenges


Rwanda signed a trade facilitation agreement with the DR Congo over a year ago that sought to improve trade between the two countries. The deal, signed by trade ministries of...

Rubavu market traders woes to end

The woes of traders in Gisenyi Market, Rubavu District could soon be history thanks to plans to complete works on a modern structure whose construction stalled in 2014 following a...

Tax advisors tipped on compliance

Tax advisors have been challenged to improve tax compliance among business operators to spur revenue collection. Martin Nkurunziza, the chairman of the Rwanda Association of Tax Advisors, said there is...

Craft-makers challenged to be innovative


Craft-makers have been urged to be innovative to be competitive in the region.

New Rwamagana stone plant to help ease cost of building materials - expert


The cost of road construction in the Eastern Province could soon reduce thanks to the new stone and sand plant in Rwamagana District, Eastern Province.

Gasabo's Niyibaho has found gold in mushroom growing, wine making


I first met Berthilde Niyibaho during an agribusiness workshop and expo in Kigali last year, where she was selling mushroom powder and banana wine. The passion with which she was...

Are banks, forex bureaus fueling foreign exchange black market?


The local forex market has grown over the past decade with dealers now spread across the city and some upcountry towns like Musanze.

Meet Baributsa; a school dropout reaping millions from horticulture


To his peers and village mates, he is ‘Mr Greenhouse’. One gets to fully understand why residents call Xavier Baributsa, a resident of Nyakariro sector, Rwamagana in Eastern province, ‘Mr...