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.

Twenty Third Century Systems launches computing software for SMEs

The Rwandan based Twenty Third Century Systems (TTCS) launches a cloud computing service that will benefit the small and medium enterprises (SMEs) in Rwanda. TTCS is the pan-African IT company...

Rwanda’s move to remove NTBs paying off - says govt


When Theodore Murenzi’s truck ground to a halt in Kacyiru, Kigali. So did the business it was supposed to be doing; hauling stone and said to feed the appetite for...

RSSB overshoots target by Rwf2.5b

Over Rwf39.4b was collected by the Rwanda Social Security Board (RSSB) in the first semester of 2012/2013 financial year, a feat attributed to increased in compliance from both private and...

Informal exports increase by 45%


Informal cross-border exports have increased by over 45 per cent, the central bank has said.

G20 finance ministers meet amid ‘currency war’ fears


MOSCOW – The finance ministers of the G20 group of nations are meeting in Moscow amid concerns that major trading powers may be heading towards a currency war.

Tigo Rwanda in the streets near you

With the aim to understand what customers think and like about Tigo Rwanda, the second largest operator sent dozens of collaborators in the streets of Rubavu to engage in conversations...

Tanzanian and Kenyan shilling seen falling

NAIROBI – The Tanzanian shilling is seen weaker on oil sector demand for dollars while the Kenyan shilling looks set to be pressured by tight liquidity, but the Ugandan currency is expected...

Bralirwa pumps Rwf104m into Agaciro devt fund


OVER Rwf104m has been injected into the Agaciro Development Fund initiative by leading brewer, Brassle-Bralirwa.

Obama pledges to reignite economy

WASHINGTON– President Barack Obama has urged Congress to back government action to revive the sluggish US economy in his annual State of the Union speech.

Development board seeks more investors in methane


The Rwanda Development Board (RDB) is seeking investors to develop a 50MW methane power plant at Lake Kivu. This will be in addition to  the current plant owned by American...

Hoteliers tipped on service delivery

Ensuring high speed Internet connectivity is one of the key factors that attracts customers in the hospitality industry, Jean Philbert Nsengimana, the Minister of Youth and ICT, has said.

Gatsata hit by blackout after fuel tanker destroys power line


A major electricity blackout hit hundreds of homes, businesses and a handful of industries in Gatsata and Nyabugogo, yesterday, after the main power line was damaged by a fuel truck...

Tourism college launches business incubation centre


An initiative that will see students and graduates set up income-generating projects and create jobs has been launched by Rwanda Tourism University College (RTUC). The event took place at the school...

Vague bid documents expose you to law suits


Legal matters are very delicate when closing deals and pose great challenges if they are overlooked in any business process.

Handling risk in procurement

In procurement there is always an element of risk and one has to be careful because a risk that is improperly managed could be fatal to the extent that it...

Rwandans cry foul over high call rates


“This is daylight robbery! We are being exploited and our businesses are suffering, thanks to the high call tariffs that are hanging over our heads like vultures,” complains a bitter...

National gene bank moves to ensure food security

The National Gene Bank has started conserving seeds and other planting materials as one of the interventions to protect local species and ensure food security.

Lake Kivu traders decry double taxation


Traders working in districts around Lake Kivu have accused tax collectors of double taxation. The traders said they pay fees at the point of departure and while offloading their merchandise...

China ‘smuggles’ Mozambique timber - EIA

Nearly half of the timber exported from Mozambique to China is illegal, a pressure group has said.