Ecobank opens new branch in Remera

Ecobank Rwanda has opened another branch at Gisimenti, Remera in an effort to extend her banking services closer to its clients.

Kigali coffee conference to attract over 500 participants

Recently Rwandan coffee scored a record of $39.7 (Rwf21,865) per kg during an international on-line auctioning Rwanda is to host the 6th African Fine Coffees Conference and Exhibition next year,...

Rwandatel targets 600,000 subscribers by 2009

Rwandatel the country’s incumbent telecom operator, that has just launched its 3G, GSM technology is targeting more than 600,000 mobile subscribers by end of 2009.

FINANCE: Kigali set for South African credit institution

According to the NBR statistics, commercial bank consolidated assets as of June 30, 2008 stood at Rwf492b compared to Rwf467.5b in December 2007, representing an increase of 5.2 percent Compuscan...

MTN to offer region standard services

MTN Rwanda subscribers will soon receive the same services offered by the MTN Group in Johannesburg to all its subsidiaries on the continent. Speaking to The New Times in Kampala,...

TOP STORY: KCB to list on Rwanda’s bourse

A consortium that comprises of Standard Investment Bank and Faida Investment Bank was appointed as the transaction advisor for the KCB’s regional cross-listing Kenya Commercial Bank (KCB), which is in...

City master plan unveiled to investors

The Kigali City Council (KCC) has unveiled its master plan to the city investors’ forum to ensure that their investments in line with it. The master plan is a roadmap...

TOURISM: Rwanda could earn Rwf22.2b from ‘conference and exhibition’ tourism by 2012

Rwanda has potential to earn $40m (Rwf22b) from Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism every year by 2012, according to a new study. Research done by ‘On The Frontier...

TOP STORY: Rwandatel set to launch 3G, GSM mobile services

3G is a specification of the International Telecommunication Union (ITU). The technology promises increased bandwidth, up to 384 Kbps when a device is stationary  and 2 Mbps in fixed applications...

RRA meets 50 percent target of gov’t budgetary support

Statistics show that the revenue body collection also aggressively increased from Rfw10.3b in 1998 to Rfw250b in 2007 in a bid to meet the huge budgetary demands. Rwanda Revenue...

Deloitte examines 130 companies for investors’ awards

A total of 130 companies have confirmed their participation in the investor and exporter awards that have been scheduled for December 11th.

58 percent of women employed in informal industries

According to an International Finance Corporation (IFC) report, the country also has 42 percent of enterprises headed by women. This is said to be spurred by the 2003 constitution and...

Donors commit to Rwanda’s agricultural development

Statistics on Rwanda’s economic performance indicate an average increase in agriculture of 4.3 percent over the last five years. This year, the sector recovered from the 2007 decline with growth...

EAC Common Market talks resume today

The sixth East African Community (EAC) Common Market talks are set to begin today, at the Kivu Serena hotel, in Gisenyi. The talks are to allow free movement of goods,...

TOP STORY: Rwanda Franc in bullish mood

Net foreign assets are expected to rise to Rfw 411b by end of December 2008, a 17 percent increase from December last year The Rwanda Franc recorded a stable regime...

DEVELOPMENT PARTNER'S MEETING: Donors commend Rwanda’s economic performance

Rwanda’s overall economic growth is expected to reach 9 percent. Donors noted that it is being affected by the high inflation, which stood at 21.9 percent in October Development partners...

TOP STORY: Rwanda needs $1.7b to speed up the realisation of MDGs

MDGs refer to eight international development goals that 189 UN member states and at least 23 international organisations ratified in order to steer economic development and fight poverty in the...

BANKING: BCR promises advanced services

BCR was acquired by Actis, a leading private equity investor in emerging markets, in 2004 at $6.05m Commercial Bank of Rwanda (BCR), the country’s third largest, by market share has...

TRADE EXPO: 600 regional exhibitors register for today’s ‘Jua kali’ expo

The East African Jua Kali expo, an informal sector promotional event opens today at the Gikondo show ground in Kigali. Chantal Magnifique, Director of Chamber of Crafts, Artists and Artisans...

TOP STORY: National Bank to issue Rfw3b Treasury Bills

Treasury bills are short term government debt instruments with standard maturities placed at 3 months, 6 months and, in some cases, 1 year The National Bank of Rwanda (BNR) will...

Rwanda’s private sector body to develop property on coast

Some of the stakeholders include Magerwa, a public-private bonded warehouse, Rwanda Tea Authority (Ocir-The), and Intra Speed, a regional freight handling company. Rwanda’s Private Sector Federation (PSF) is planning...

ECONOMY: Inflation soars to 21 percent

Rwanda’s inflation for the month of October has been recorded at 21.9 percent, 1.9 decimals more than that recorded in September. The rise comes, week’s after the government’s efforts of...

TOP STORY: Government, donors to discuss progress on economic development

60 percent of the periodic maintenance of the 780km National Earth Roads has been completed. Furthermore, the implementation of the Second Generation Road Maintenance Fund is underway – EDPRS report...

Uganda’s tax on galvanised coils threatens regional steel exports

Countries including Rwanda, Burundi, the Democratic Republic of Congo (DRC) and Southern Sudan could all be affected after imposition of 10 percent imposition on the product The supply of steel...