Local insurer unveils micro insurance products for SMEs

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Small business owners, cooperatives and low income earners will now find it easier to acquire insurance cover for their enterprises and other things, thanks to new micro-insurance products unveiled by...

Prices of tomatoes, peas increase in Kigali

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Prices of some foodstuffs continue to increase in most markets across Kigali city and suburbs, a mini-survey by The New Times indicates. Tomatoes now cost Rwf900 per kilogramme in Kimironko...

MTN Rwanda staff donate Rwf9m to Genocide survivors in Nyamagabe

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MTN Rwanda staff have donated Rwf9 million to Genocide survivors in Tare sector, Nyamagabe District in Southern Province as part of activities to commemorate the 1994 Genocide against the Tutsi.

Bond market rakes in Rwf52.3m turnover

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The bond market pushed Rwf52.5 million worth of bonds during yesterday’s trading session bringing in close to Rwf52.3 million in total turnover, the Rwanda Stock Exchange (RSE) daily market report...

Why targeted support in agric sector will spur exports growth

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There is currently a drive to diversify agriculture exports, and National Agriculture Exports Board (NAEB) is already promoting horticulture, including flower farming and growing of fruits, to achieve this objective.

Meet Bambanze, a genocide survivor turning leather into profit

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When Felicien Bambanze came to Kigali at the beginning of 1994 to look for a job, he was full of hope and ambition. The trained leather maker was lucky to...

Off-grid solutions key to achieving universal access to energy - Ignite chief

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Government plans to increase off-grid power generation to 22MW by 2018, up from 8.75MW presently. To realise the objective, government attracted a number of renewable energy firms, including solar power...

Rwanda’s inflation rate eases to 7.7% in March

Rwanda’s consumer price index (CPI), which the country uses to gauge inflation, eased to 7.7 per cent in March year-on-year, down from 8.1 per cent registered in February.

Ignite Power lights 560 homes in Eastern Province

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About 560 vulnerable families in Eastern Province have been connected to off-grid power, thanks to collaboration between the Energy Development Corporation Ltd (EDCL) and Ignite Power, a local solar power...

Govt gives extension staff 40 motorcycles worth Rwf100m

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More farmers will now be able to access extension services following the hand over of 40 motorcycles by government to agronomists as part of efforts geared at increasing agriculture production.

Kenya coffee price declines by 16% on low quality beans

Nairobi – The price of coffee declined by 16 per cent at the Nairobi Exchange last week as low quality beans take a toll on the value.

Oil price rises after US strike on Syria

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LONDON – The price of oil has hit its highest level for a month in response to the US military’s missile attack on a Syrian government airbase. The price of...

Public transporters commit to fast track installation of speed governors

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Public transport operators have committed to fast-track the installation of speed governors to support efforts geared at ensuring passenger safety and ending road carnage.

Kenya private sector activity slows as consumer demand falls

Nairobi – Kenya private-sector activity slowed in March, a survey has showed, dropping to its lowest level since the survey began in 2014, and falling below the threshold separating an...

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

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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

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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

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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?

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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

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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

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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...