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.

Cogebanque trades 40 per cent shares, to raise capital

Cogebanque has sold 40 per cent shares to Shorecap International, Africainvest and Belgium Investment Company (BIO).

Nigeria’s insurance company to build a Frw5.4 billion hotel

Nigeria’s leading insurance company, Industrial and General Insurance (IGI) is to invest at least $10 million (Frw5.4 billion) to construct a hotel in Kacyiru, Kigali City.

Govt sourcing Frw109 billion to scale up agric. production

A least US$200m (about Frw109b) is to be injected in the agriculture sector. A move that may scale up crop production, boost household incomes and ensure food security in the...

Capital market: Business gains after a week’s lull

A trading report from the Capital markets advisory council (CMAC) shows that  the  Rwanda OTC market gained some momentum as investors came back to the market.

Sonarwa partners with IGI

Govt plans to float shares of company Rwanda National Insurance Corporation (Sonarwa) has partnered with the Industrial General Insurance, a Nigerian insurance company positioning Sonarwa to remain the leading insurance...

NISR scores high in World Bank evaluation

Surveys and data published on the National Institute of Statistics of Rwanda (NISR) website has made Rwanda score high in a World Bank evaluation to deliver data.

Kigali Investors’ Forum launched

The Private Sector Federation (PSF) in collaboration with Kigali City Council (KCC) launched an investor’s forum that will be addressing private business challenges.

Common market: EAC sets date for consulting business community

East African Community (EAC) Secretariat is to consult the business community and government technocrats before signing the Common Market Protocol, a statement from the East African Business Council (EABC) says.

Develop infrastructure, EAC governments told

East African member states should fast track the development of infrastructure to boost trade and investments in the region, the Ugandan Minister in charge of East African Community (EAC) affairs...

Gahaya processing silk, targeting Agoa

Gahaya Links, a leading basket weaving and exporting company is processing silk cocoons to make silk products with an intention to sell them to the American market through African Growth...

Zigama advised to consider turning a commercial bank

National Bank of Rwanda has advised shareholders of Zigama Credit and Saving Society (CSC) to turn the financial institution into a commercial bank.

Invest in Rwanda silk industry—Rhoda

Reports that samples of Rwanda’s silk were ranked the best in India should now be attracting the private sector to invest in this virgin sector. Opportunities are many.

EA business leaders move to boost trade

East African community business leaders are trying to boost competitiveness. Wary of renewed foreign invasion, they are exploring other ways of tapping the region’s vast resources to boost economic growth.

Fina Bank leases 15 buses to Atraco

Fina Bank has leased 15 mini buses to Atraco,  a drivers and taxi owners’ association.

Africans urged to boost rice production

Two different groups of researchers have urged African countries to boost local rice production.

German consortium buys 25 per cent stake in BRD

African Development Corporation (ADC) has purchased 1,750,005 shares in the Development Bank of Rwanda (BRD) at Frw2,528 each.