Hotel owners urged to up standards as grading starts


Local hospitality industry players, especially hotels owners, should improve their facilities to meet the East African Community standards, officials from the Rwanda Development Board and the Private Sector Federation have...

4,500 clearing agents to qualify this year

About 4,500 clearing and forwarding agents will have qualified with the East African Customs and Freight Forwarding Practicing Certificate by the year’s end.

Rwanda,Tz pledge support to small cross border traders


Tanzania and Rwanda have pledged to work together in addressing trade barriers and promoting cross-border trade between the two countries.

Microfinance workers acquire market research skills

Financial institutions staff are being trained in market personel research to enable them develop appropriate products that suits society needs. The move is aimed at creating a more proactive approach...

Hospitality sector reaps mixed fortunes


Despite the fact that the hospitality sector has grown by 60 percent over the past two years, industry players say they are choking on taxes and high bank lending rates.

Ngoma looks to private sector to spur development

Ngoma district is wooing people who originate from the district but are working in other areas countrywideparts of the country to return and utilise the new investment opportunities that have...

Businesses count losses as erratic power supply takes toll


Power outages have interrupted businesses in Nyarugenge, Kicukiro and Gasabo districts, leaving enterprises counting losses.

How to improve your supply chain


Mukotanyi has always had problems getting his merchandise on schedule. Although he pays and handles the paperwork in time, the issue has persisted. This has affected his business as some...

Millions collected as PSF unveils elite business club


About Rwf500m has been collected from the Rwanda business elite as a membership fee to join “Golden Circle” – a clique of high-ranking business entrepreneurs.

New mineral monitoring system coming

The Ministry of Natural Resources has unveiled a new technology system that will boost transparency in the sector by monitoring the mineral output of mining sites across the country.

Sina has built a huge business empire from a small bakery


When he started out as a small baker in 1983, many people wrote him off as a joker. The then 20-year-old had started the small bakery with about $50 (about...

Government urges SMEs to adapt IT solutions

Small-and-medium enterprises (SMEs) should integrate IT-based solutions to enhance their operations, the ICT director general, Didier Nkurikiyimfura, has advised.

Heavy storms leave city Nyabugogo traders in tears

Property worth millions of francs was destroyed following Saturday’s heavy downpour and storm, which devastated most parts of Kigali City.

Entrepreneurs acquire management skills


Selected start-up business operators from Kigali have been trained in enterprise management. The training aims at sharpening the entrepreneurs’ skills to run businesses profitably and innovatively.

Federal Reserve unlikely to curtail stimulus despite rising doubts


WASHINGTON – The US Federal Reserve officials are likely to press on with their bond-buying stimulus programme even though some harbour growing concerns the purchases could fuel an asset bubble...

Mauritian traders eye Rwandan market

MAURITIAN ENTREPRENEURS will next month exhibit a range of products in Kigali, where they will also discuss joint venture opportunities with their Rwandan counterparts.

Ngoma farmers reap big from fruit growing

NGOMA FARMERS have started reaping from a drive by district authorities to encourage fruit growing to improve households’ incomes and reduce malnutrition among rural communities.

Forex rates as of February 20

Buying    SellingNational Bank of RwandaUSD    628    638Euro    838    851

Northern Province struggles to ensure food security


THERE IS need for concerted efforts to increase crop production in the Northern Province to ensure food security in the area.

Central bank focuses on safer payment systems

The National Bank of Rwanda will this year enhance the payment systems with innovations that will strengthen the core structure of the financial sector.

Bank of Kigali eyes Kenya


Bank of Kigali has been approved by the Kenya Central Bank to set up shop in the region’s biggest economy.“The Bank of Kigali, through its representative office in Kenya, seeks...

Why your company should embrace green procurement


You must have had about the phrase ‘going green’ or of the need to ensure that whatever we do does not contribute to harmful effects of climate change? As a...

Rwanda woos Kenyan investors

The government last week sent a delegation to an investment promotion forum in Nairobi to woo Kenyan investors. This is one of the strategies the government is using to attract...

Franc declines by over 4 per cent against dollar

The Rwandan franc depreciated by 4.5 per cent against the US dollar in 2012, which was a big movement compared with a 1.6% decline recorded in 2011.