Rwanda’s trade deficit drops by over 10.5% in March

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Rwanda’s trade deficit for formal goods decreased by over 10.5 per cent year-on-year in March, but was up on a monthly basis, the National Institute of Statistics of Rwanda (NISR)...

African govts urged to diversify economies

African governments have been urged to focus on growing intra-African trade and diversifying their economies to stop reliance on commodities to reduce vulnerability to external shocks.

How Shirimpumu used a salary loan to become a model farmer, employer

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It’s 11am and Jean Claude Shirimpumu is inspecting his piggery project in Kageyo sector, Gicumbi District in Northern Province. The farmer can be seen stroking a sow as he feeds...

Grain sector players move to ease maize shortages as demand shoots up

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Rwanda had a good harvest for both grains and cereals last season, which attracted huge demand from regional buyers. This has benefitted farmers in terms of better revenues earned, but...

Export Growth Fund (EGF) to ease access to finance for exporters

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Export growth is a top priority for the government and as such various measures have been taken to boost Rwanda’s export trade. The Second Economic Development and Poverty Reduction Strategy...

Nature Fresh Foods

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When Ben Mugisha talks about his export business, his passion and enthusiasm comes out unhidden.

Exporters scaling heights through BRD’s Grant Matching Facility

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Donatile Nibagwire ventured into the export market in 2001, a move she has never regretted to date. The CEO of Floris Rwanda – a horticulture export firm – has weathered...

Open airspace will bring millions of dollars into the region’s economy - study

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More than 46,000 jobs and $202 million could be added to the region’s growth domestic product (GDP) per annum if East African Community (EAC) member countries embrace the open sky...

Capital Market University Challenge kicks off tomorrow

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The Capital Market University Challenge 2017 kicks off tomorrow, the Capital Market Authority (CMA) has said. The challenge that is in its third edition will be conducted from May 17...

Bond market records Rwf23.3m turnover

There was low business at the local bourse yesterday, with only two active counters on the equity market, according to the Rwanda Stock Exchange (RSE) daily market report.

Rwanda’s tea scoops top accolades at regional quality contest in Nairobi

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Rwanda tea factories have scooped nearly all the awards in the regional best quality competition held in Nairobi, Kenya. According to a statement from the National Agricultural Export Board (NAEB),...

Kenya’s tea production will drop by 11%, says AFA chief

Kenya’s tea volumes for 2017 are expected to drop by 11 per cent as the effects of drought take a toll on production of Kenya’s top foreign earner. Agriculture and...

Tigo signs deal to provide ICT solutions at Kigali Convention Centre, Radisson Blu

Tigo Rwanda has signed a two-year deal with Kigali Convention Centre and Radisson Blu Hotel Kigali in which the telecom firm will provide various ICT solutions to the conference venue,...

‘Smart Rwanda’ initiative gets a boost from JICA

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The Japan International Cooperation Agency (JICA) has pledged more support to Rwanda’s Information and Communication Technology (ICT) sector as the country moves toward a digital economy.

NAEB roots for more investors to boost Macadamia production

The National Agriculture Export Board (NAEB) has started a campaign to attract more investors into macadamia farming to help boost exports. This move is expected to help boost production of...

Inflation eases to 7.3% year on year in April

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Rwanda’s Consumer Price Index (CPI), a main gauge of inflation, eased to 7.3 percent year on year in April 2017 down from 7.7 percent registered the previous month. This is,...

Tigo Rwanda rolls out 4G roaming services

Tigo Rwanda has launched the first 4G roaming service, which allows visitors to Rwanda to stay connected via 4G LTE Internet while roaming on the network. The new service is...

Housing: Government urged to partner with private developers

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Experts have urged government to work with private developers to fix the challenge of affordable housing in the country. According to the experts, government is spending a lot of resources...

Afreximbank to hold annual general assembly in Kigali

The African Export-Import Bank (Afreximbank) will hold its 24th Annual General Meeting of Shareholders (AGM) in Kigali next month. The meeting scheduled for June 28 to 1 July is expected...

The local mining sector is set to bounce back – expert

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For almost 2 years now, miners have been counting losses following a decline in global prices of major minerals.

New law a ‘big leap forward’ for local commodities exchange, experts say

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The local commodities exchange has been growing at a slow pace, and has been characterised by low volumes over the past two years. The exchange operated by East Africa Exchange...

How Mukandoli turned childhood hobby into a profitable business

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As Charline Mukandoli feeds her rabbits, one can easily tell that she is passionate about her project. Apart from talking and cajoling the petite mammals to feed, the farmer sings...

Experts call for multi-pronged approach to fight fall armyworm in Africa

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Scientists have called for quick, multi-institutional collaboration and co-ordinated action against the fall armyworm that has ravaged maize to avoid economic hardship for smallholders in the region and across Africa...

African CEOs positive about continent’s growth potential

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Many companies in Africa are still positive about the growth potential of the continent despite the current economic and socio-political uncertainty, a new PricewaterhouseCoopers (PwC) research indicates.