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.

Customs union: RRA trains 1,000

Rwanda Revenue Authority (RRA) has intensified its campaign to sesitise Rwandans on benefits of joining the East African Community (EAC). The process that started 6th March this year comes at...

Liquidation of Rwandex not soon – coffee authority

Rwanda Coffee Development Authority (RCDA) says Rwandex is still fatigued with debts. The coffee regulators say because of these debts Rwandex’s liquidation now hangs in balance.

RRA realise target by Frw400m

Set Frw70 billion next quarter The Rwanda Revenue Authority (RRA) collected Frw69 b at the close of the first quarter of this year. This figure exceeds the Frw65b revenue target...

BCR to spend Frw540 million on expansion

Rwanda Commercial Bank (BCR) is set to spend Frw540m on an expansion and rehabilitation drive. The move is to handle the increasing number of customers and also penetrate underserved areas...

Jua Kali expo postponed

The annual Jua Kali Expo that was meant to be held here in Kigali in October has now been postponed to November.

EAC ministers on a working visit to China

Infrastructure development high on agenda A delegation of Ministers responsible for affairs of the East African Community (EAC) is on a working visit to the Peoples Republic of China.

Audit firms, RRA to net tax evaders

Rwanda Revenue Authority (RRA) and different audit firms have join hands to fight tax evasion.

Bird watching: Rwanda to launch

Bird watching tourism should be promoted to diversify other potentials in the sector, an American consultancy group has advised.

Isaka – Kigali railway line: Govts to discuss shareholding

Governments sharing the Dar es Salaam-Isaka Railway line project are to meet in Maputo Mozambique to discuss the share structures in the project.

International body to audit vet. services

Experts from the World Animal Health Organisation (OIE) are here to ascertain whether veterinary services in the country meet international standards.