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


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


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


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


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


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


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


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


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


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


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


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


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...

Why government should invest more in fish farming


there is need for more investment into Rwanda’s fisheries industry to help develop the sector and reduce imports of fish, Dr Wilson Rutaganira, the aquaculture and fisheries programme coordinator at...

Branding and marketing: The missing link in 'Made in Rwanda' campaign


as businesses prepare for the annual Rwanda International Trade Fair (RITF) slated for later this month, analysts say there is still a lot local producers should do to attract buyers.

Quality of employment essential to achieving Rwanda's devt targets

employment structure of any economy reflects its character and level of economic development. Currently one of challenges faced by labour market in developing countries like Rwanda is quality of jobs...

How Kaberuka, a varsity student turned his childhood love for ushering into a business


i first met Julius Kaberuka during a conference that had brought together educationists from the continent to discuss research issues. Smartly dressed in a black suit, Kaberuka is not here...

A culture of coffee consumption will spur growth, says expert


Jose Kawashima is a Japanese coffee expert currently working with the National Agricultural Export Board (NAEB). Kawashima, also the representative director and president of All for Coffee Limited, a Japan-based...