BNR offers Frw255m for women loans

National Women’s Council has urged women to start acquiring loans like their male counterparts if they are to come out of poverty.

Rwanda bourse attracts more investors

Capital Markets Advisory Council (CMAC) is upbeat as more Rwandans start gaining confidence in trading at the Rwanda Over The Counter Market. Céléstine Rwabukumba, the operational manager at CMAC said...

Grow mushrooms—Chinese expert

A Chinese agronomist is encouraging households in the country to grow mushroom to fight poverty and bolster food production. Lin Zhansen, an agronomist at Kabuye describes the mushrooms as a...

BRD records Frw744m profits as bank increases equity investment

Development Bank of Rwandan (BRD) has registered Frw744 million in net profits, the bank’s ordinary general assemble was told. Henry Gaperi, the Bank’s Chairman Board of Directors, said the profits...

Stockbrokers boost Rwanda capital market

Stockbrokers have boosted the Rwanda Over The Counter Market by mobilising 33 transactions worth Frw280 million, a sign the market is picking up, a financial expert has said. The remarks...

Rwandair to lease Boeing 737

Rwandair Express, a national carrier may not have its own aircraft soon. Management has decided to lease a new Boeing 737. The emergency move is to help the airlines’ passengers...

RRA trained on procurement

Senior Commissioners in Rwanda Revenue Authority (RRA) have been urged to adhere to procurement laws. The law requires the tendering process to be very transparent, officials from Rwanda Public Procure...

Invest in horticulture–private sector asked

Production of horticultural products for the international market is still low, Peter Muvara, the chairman of the national horticulture taskforce said. He is therefore advising investors to exploit the sector...

Hybrid cattle boost milk production in Eastern

Milk production in Eastern Province has increased from 21,000 litres daily (21 tonnes) in 2003 to 44,000 litres (44 tonnes) this year.

Rwanda-Burundi road to cost $355m

About $355m (Frw191,629 billion) will be spent on the road connecting Rwanda to Burundi.

Rwanda investors against stockbrokers

Rwandans want direct access to the capital market saying stockbrokers charge high commission and sometimes cause financial losses to their clients. “If I want to buy shares from Sonarwa why...

Taxes hurting business

Managing Director of Rwanda Motors, Hugues Lefebvre, said high taxes are hurting vehicle business. “We pay 100 per cent before servicing the vehicle,” he said. But Rwanda Revenue Authority (RRA)...

Central bank advises MFIs to join private sector federation

The National Bank of Rwanda (BNR) has urged all Microfinance Institutions (MFIs) in the country to join the Financial Institutes Chamber (FIC).

20 Ugandan companies for EAC investment conference

At least 50 Ugandan companies are expected to attend a three-day East African Investment Conference from 26th to 28th June in Kigali, Uganda Investment Authority (UIA) says.

Rwanda: No fraud in Safaricom IPO

Safaricom share offer in Rwanda has not been hit by counterfeit cheques, a brokerage firm handling the business in Rwanda said.

Rwanda Revenue Authority to re-brand identity

Rwanda Revenue Authority (RRA) will re-brand its corporate identity on May 30th at Jali Club gardens in Kigali City.

Rwanda ready for free trade – Karega

State minister for industry and investment promotion, Vincent Karega has said government is positioning Rwanda to embrace free trade ahead of the signing of the final Economic Partnership Agreement (EPA)...

Pan-African Parliament views on Africa’s food crisis

There is a need for African governments to come up with sound agricultural policies to address the food crisis in Africa. This was the general commentary made by Parliamentarians at...

Rwanda coffee prices will not dip—coffee authority

Reports that coffee prices on the international markets could dip following a larger than expected yield by Brazil — the world’s largest producer may not affect Rwanda, authorities have said.

Uganda Baati moves to Kigali

Rwanda to be regional supplier Uganda Baati Ltd, a Ugandan-based steel processing company has announced the construction of a factory in Kicuciro, one of the suburbs in Kigali City. The...

Tuvugane operators ordered off the streets

Mobile public pay phone vendors usually referred to as Tuvugane, the name of the brand of the product they sell, have been directed off the streets. The police has asked...

2000 clear VAT, PAYE

About 2000 clients have been cleared this month for VAT and Pay As You Earn (PAYE) duties that have been levied against them. Flavia Busingye, the Rwanda Revenue Auhority (RRA)...

CMAC in public awareness campaign

Rwanda Capital Markets Advisory Council (CMAC), a body instituted to oversee the development and regulation of capital markets in the country has embarked on a national public-education campaign.

Thousands rush to pay VAT and PAYE

Rwanda Revenue Authority (RRA) says tax clearance points countrywide were overwhelmed by the large number of tax payers who rushed to pay up before the midnight deadline yesterday.

Rwanda Decides