Ten firms compete for third telecom licence

Ten firms have expressed interest in a third telecom operator’s licence to be awarded December this year. By press time The New Times could not indentify the interested firms. The...

MTN acquires 100 per cent of Verizon South Africa

MTN has acquired 100 per cent of Verizon South Africa (Pty) Ltd, a statement from MTN headquarters in South Africa says. The acquired firm is part of Verizon Communications Incorporation...

Doing business: EAC to tackle obstacles

The East African Community (EAC) heads of state have promised investors in the region that infrastructure and energy sectors will be developed. The promise comes after the two were cited...

Aclaim urged to sell shares to Rwandans

State Minister for Industry and Investment Promotion has asked managers of Aclaim Africa, a management consultancy and training firm based in Uganda, to open a branch here. Minister Vincent Karega...

EAC customs union: Rwanda on course

The move to integrate Rwanda in the East African Community Customs Union by 2010 is on track and in final stages. Peter Kiguta, Director General Customs and Trade at the...

EAC investment conference attracts over 1000 investors

Hundreds of business executives allover the world have registered for the first ever East African Community Investment Conference which began today in Kigali. Francis Gatere, the Director General Rwanda Investment...

Rwanda to start exporting finished leather products

Rwanda Leather Industry, a hides and skin processing company, is set to start exporting crust and finished leather by August. 

RRA to hold competitions in schools

Rwanda Revenue Authority (RRA) is planning to hold a schools’ competition on taxes. Annette Birungi, the tax body’s publicist yesterday said that different secondary schools around Kigali City are expected...

EAC budget: Infrastructure, customs union the priorities

East African Community (EAC) has revised the 2008/09 Budget allocating more money to the planning and infrastructure directorate. The budget was passed last week by the East African Legislative Assembly...

Lets embrace EAIC – Riepa

Rwanda Investment and Export Promotion Agency (Riepa) has called upon Rwandans to embrace next week’s East African Investment Conference EAIC as an unusual business opportunity for the country. The call...

RRA to collect SSFR contribution

Rwanda Revenue Authority (RRA) is to start collecting Social Security Fund (SSFR) contributions to ease doing business in the country.

Capital markets: Low business this week

A trading report compiled by the Capital Markets Advisory Council (CMAC) says trading on the Rwanda Over the Counter market was quiet as there were no recorded transactions.

Tea prices increase as production drops

Rwanda tea prices at the weekly Mombasa tea auction slightly appreciated from $2.37 to $2.56 on average per kilogram for the BP1 grades.

UK studies products Rwanda could supply their market

A team from the London School of Economics (LSE) has been commissioned to research about Rwandan products that could be supplied in the United Kingdom market.

Fina junior account attracts hundreds

More than 200 parents have opened Fina Junior account at Fina Bank. ‘Fina Junior’ accounts are packages designed for account holders of up to the age of 21 years. The...

Capital market: no business for third day running

A trading report from Capital Markets Advisory Council indicates that Yesterday the trading floor was   quiet as there were no recorded transactions.

EAC marketed to Arab countries

The East African Community Business Council (EACB) is marketing the economic bloc’s investment potentials to Arab countries.

Rwandair increases flights between Entebbe, Kigali

Rwandair Express, the national carrier has added extra rotation to the Kigali-Entebbe route, bringing the total number of flights from 9 to 13 weekly.

Leasing to answer SMEs’ challenges—Musoni

Leasing will address challenges faced by Small and Medium Enterprises (SMEs) when accessing funding, James Musoni, the Minister of Finance and Economic Planning said. Musoni said that Rwanda considers the...

Rwandatel to switch to GSM technology by Aug

Rwandatel has announced it is in final preparations of switching to Global System for Mobile communications (GSM) technology. The telecommunication company is building towers, generators and base station antenna countrywide...

Riepa woos Middle east investors

Rwanda Investment and Export Promotions Agency (Riepa) is urging businessmen from the Middle East to investment in Rwanda.

Rwandan CEOs enroll for business management courses

Many Chief Executive Officers (CEOs) hardly find time to sit and read again after university. Not because they’re not interested at all, but because they’re so busy with company work...

Mutara enterprises launches new logo

Mutara Enterprises, a furniture making and retailing company Thursday launched a new logo specifically designed to support its five year strategic business plan. In the plan, the company is set...

Rwanda moves up statistical scale

KAMPALA- RWANDA has the most elaborate and accurate data collection and storage, a World Bank study shows. This has pushed the country up the African Statistics league—an index used by...