RwandAir’s flights to Harare will boost trade – private sector


Flights to Harare, Zimbabwe by RwandAir will promote trade, investment and tourism between the two countries, experts and private sector players have said. The national carrier launched the flights with...

MFIs embrace technology to enhance service delivery

More microfinance institutions (MFIs) are embracing technology as the sector moves to enhance operations and reporting mechanisms. To boost these efforts, the Microfinance Institutions in Rwanda (AMIR) and stakeholders are...

Rwf54bn cement factory to be set up in Musanze


Rwanda’s sole cement maker, Cimerwa, could soon lose its monopoly following the impending entry of another local player, Prime Cement, that plans to construct a $65 million (about Rwf54 billion)...

South Sudan scraps Rwf8.4m permit fee for foreign workers

South Sudan will not go ahead with plans to charge foreigners a $10,000 (about Rwf8.4 millon) fee for work permits as officially announced in early March. The plan has been...

Government in renewed drive to fast-track devt of satellite cities


About 35 per cent of the population is expected live in urban areas by 2020 from about 17 per cent presently under Rwanda’s new urbanisation policy. The national policy unveiled...

Is it time for Rwanda to issue more infrastructure bonds?


Rwanda has been issuing Treasury bonds for over two years now to finance infrastructure projects and develop the local capital market.

It was not a smooth ride to the top for Tubanambazi


When he came to Kigali from the Eastern Province about a decade ago, Veatauri Tubanambazi was optimistic and hoped for a better life in the city. But that was never...

KCB Bank Rwanda operating income up to Rwf14.7bn

KCB Bank Rwanda total operating income increased by 7 per cent to Rwf14.7 billion last year compared to Rwf13.7 billion in 2015, the bank’s financial report indicates.

AfDB unveils $450m fund to promote export trade


THE African Development Bank (AfDB) has approved $450 million about (Rwf372 billion) trade finance facility for the African Export–Import Bank (Afreximbank).

Mixed fortunes for firms listed on RSE

Crystal Telecom recorded a total turnover of over Rwf11.9 million from 132,800 shares traded in four deals, the Rwanda Stock Exchange (RSE) daily market report for Monday indicates. The counter...

Improve skills to address challenges of rapidly changing business environment, auditors urged


local internal auditors have been challenged to align the profession with the changing business environment and emerging trends besides upholding professionalism.

Chinese firms eye opportunities in local tourism, hospitality sectors


Chinese firms from Jiangsu Province have expressed interest in Rwanda’s tourism and hospitality sector.

Kinyinya family receives ‘Airtel Touching Lives Initiative’ house


Before she passed on in November last year, Adele Mukamusonera’s biggest dream was to own a house. Mukamusonera, a former resident of Murama village, Kinyinya sector in Gasabo District, however...

Forthcoming African Utility Week to showcase home-grown solutions in energy sector


The forthcoming African Utility Week will focus on an emerging trend in the energy industry; the growth of community scale off-grid projects that are “starting to make a real difference...

I&M Bank debuts on the bourse, closes at Rwf105

At about 9:00am today, Finance Minister Amb Claver Gatete, rang the bell to signal the debut of trading in I&M Bank Rwanda shares at the Rwanda Stock Exchange (RSE).

Charcoal prices increase as supply dips


Madeleine Ikizanye, a resident of Nyarugenge District, uses cardboards and sawdust as cooking fuel because she cannot afford to charcoal after prices rose twofold in the past two months.

I&M Bank Rwanda lists on the bourse today

The Rwanda Stock Exchange (RSE) will welcome I&M Bank Rwanda as the lender is scheduled to officially list and start trading its shares on the secondary market today.

SPONSORED: TECNO to launch Camon Cx in Rwanda; here’s how you can buy it at half price


Year, 2017 is so far so good for TECNO mobile as they've managed to keep the rythem and pace picked from last year where they celebrated 10 years of excellency...

Banks urged to promote financial literacy, savings culture among young people


Financial institutions should do more to help bring more people, especially youth and children, into the formal banking sector to enhance savings and financial inclusion.

RwandAir’s direct flights to Gatwick Airport start May 26


Rwanda’s national flag carrier, RwandAir, will start direct flights to Gatwick Airport, London on May 26, airline officials have said. The airline will have flights between Kigali International Airport and...

Housekeeping could ‘make or break’ hospitality sector, says WDA expert


Hospitality sector players have been urged to improve housekeeping because it is vital to enhance service delivery and attract more visitors.

Kenyan diaspora top senders of mobile to mobile remittances - WorldRemit report

The Kenyan diaspora is the biggest sender of digital remittances to mobile accounts, according to a new report by WorldRemit, a global online money transfer service provider.

Central bank suspends licensing of new forex bureaus

The National Bank of Rwanda has announced indefinite suspension of licensing of new forex bureaus, in a move the bank said would ensure a vibrant and dynamic foreign exchange market...

Winning tips for small business operators


Over 50 per cent of all start-ups collapse before their first birthday. Despite this fact, many business operators do not put in place safeguards to ensure business survival. However, experts...