BPR looks to fintech to ease access to credit, spur growth

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BPR has pledged to introduce more innovative digital products to boost access to credit. According to Prof Njuguna Ndung’u, the BPR by Atlas Mara board chairman, digitising the banking industry...

Tigo staff donate medical insurance to 500 vulnerable residents of Burera

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Tigo Rwanda staff joined residents of Kayenzi, Kagogo sector in Burera District to make trenches for water pipes during the monthly community service commonly known as Umuganda.

A strong savings culture will ultimately lead to lower interest rates, says BK’s Diane Karusisi

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The National Savings Week (NSW) 2017 closed yesterday. The Ministry of Finance-led awareness campaign involved key stakeholders such as commercial banks and microfinance institutions and the Capital Market Authority to...

VIDEO: How Rwanda can meet domestic savings targets

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The government is targeting to increase national savings ratio to 20 per cent of the country’s gross domestic product (GDP) in the next three years. Currently, Rwanda’s savings stand at...

Semugeshi mints millions from organic garlic growing

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When Emmanuel Semugeshi started growing garlic on a commercial basis 15 years ago, he was not sure that the venture could become a cash cow. Many people associate garlic with...

Rwamagana district officials urged to save and invest on the bourse

Rwamagana District officials have been urged to save and invest through capital market to safeguard the future and that of their families and support the country’s development initiatives.

KCB Bank Rwanda steps up efforts to deepen savings culture

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KCB Bank Rwanda has stepped up efforts to promote a savings culture in the country by encouraging the general public to adapt a savings culture to be able to make...

EA business council, experts call for uniform ICT, e-commerce policies

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Regional business leaders and experts have called for harmonised Information Communication Technology (ICT) and e-commerce policies, saying this would help fast-track socio-economic development in East Africa.

COMESA 2018 budget down $10m as donor funded projects end

The budget for Common Market for Eastern and Southern Africa (COMESA) Secretariat and agencies will decline by $10 million next year as several partners grants’ grants come to an end.

Liquid Telecom named 'Best African Wholesale Carrier' at global awards

Liquid Telecom, a leading pan-African telecoms group and a subsidiary of Econet Global, has been named as Best African Wholesale Carrier at the annual Global Carrier Awards 2017, in London,...

MTN, Cogebanque in partnership to boost cashless economy

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Cogebanque has signed a deal with MTN Rwanda that is tipped to boost cashless transactions in the country. The two companies pledged convenience and efficiency in terms of carrying out...

Ethiopian PM says currency devaluation necessary to export

Ethiopian Prime Minister Hailemariam Desalegn has backed the recent currency devaluation made by the Ethiopian National Bank, saying it is necessary to the country’s export trade.

CNOOC revenue up in Q3 on higher oil, gas prices

BEIJING – China National Offshore Oil Corporation (CNOOC), the country’s biggest offshore oil and gas producer, reported strong revenue growth for the third quarter mainly due to rising prices for...

Local innovators, entrepreneurs call for action to address challenges facing Africa

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Local entrepreneurs and innovators are calling for more practical interventions and support to enable them implement or expand their ventures and hence create more jobs in the economy and boost...

Rwanda’s mobile telephone penetration rate rises to 74.5%

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Telecom firms recorded mixed fortunes last month with Tigo Rwanda experiencing a drop in subscribers following many months of gains, while Airtel and MTN user figures inched up. According to...

Forex dealers tipped on competitiveness, market trends

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Local foreign exchange dealers have been urged to enhance their understanding of the sector and strengthen their financial position to remain competitive in cutthroat business environment.

New partnership to drive adoption of data science and cloud-based services

Regional start-ups that will participate in the DataHack4FI innovation competition will access free high-speed internet and cloud-based services, Liquid Telecom, a pan-African telecoms group and subsidiary of Econet Global, said...

Why Rwanda’s coffee ranks among the best globally

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The impressive performance of Rwanda’s coffee at the global stage is a result of the new strategies by implemented by the National Agricultural Export Development Board (NAEB), sector players have...

New project to equip disabled youth with vocational, business skills

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More youth living with disabilities will be able to acquire technical and business management skills as part of initiatives aimed at promoting entrepreneurship and self-employment among persons with disabilities (PWDs).

Employment services body unveils Rwf500m for university graduates’ agribusiness projects

The government has set aside Rwf500 million to fund agribusiness projects by university graduates, the Capacity Development and Employment Services Board (CESB) has said.

40 young entrepreneurs stand to win up to Rwf8.5m each

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Forty young business operators have been selected to undergo an eight-month entrepreneurship training at Accelerate Academy run by These Numbers Have Faces (TNHF), an American-based start-up support organisation.

Illicit outflows hurting Africa’s revenue collections, devt efforts

Tax avoidance by some multinational companies is undermining domestic resource mobilisation efforts in most African countries, leading to loss of nearly $50 billion over the last decade.

Eight-year-old Akimanzi on why children should save

Kimberly Akimanzi, a pupil at Green Hill Academy Primary School, already boasts of a 'fat' account for a third grader. Unlike the majority of peers and even older people, Akimanzi...

How a payments platform is driving cross-border trade, economic growth

Four years after its launch, Kenya, Tanzania, Uganda and Tanzania are benefitting from quicker and cheaper payments through the East African Payment System (EAPS).