China's gold consumption rises 9.4% in 2017

BEIJING – China’s gold consumption rose 9.41 per cent to 1,089 tonnes in 2017 on the back of strong domestic demand, making the country the world’s biggest gold consumer for...

Namibia’s foreign reserves increase in December

WINDHOEk – Namibia’s stock of foreign reserves increase to 29.7 billion Namibian dollars (N$) or $2.48 billion at the end of December 2017, up from N$28.5 billion ($2.38 billion) at...

China's tax revenue grows by 8.7%

BEIJING – China’s tax revenue growth accelerated in 2017, official data shows.

Imaniraguha: From a street vendor to horticulture produce supplier


Shakira Imaniraguha has weathered the storm, literally speaking. The businesswoman in Rubavu town, Western Province has risen from barely making ends meet to earning millions of francs annually from her...

Civil society calls for more citizen participation in budget process


Farmers and other Rwandans should always be involved in the national budget process to make it more participatory, the local civil society groups have said. Jean Leonard Sekanyange, the chairperson...

Ngoma, Bugesera cooperatives reap millions from fish farming


By 2014, the fishing community around Lake Sake in Ngoma District was facing an uncertain future after fish stocks were wiped out thanks to years of uncontrolled fishing and destruction...

Cashless economy drive gets boost as BPR unveils new digital banking solutions


More Rwandans will now be able to access digital financial services, including micro-loan and bulk money transfer, following the unveiling of new drive to roll out new tech-based banking facilities...

Why SMEs should list on stock market


Over the past decade or so, there has been talk about African transformation; this is time for Africa, and African renaissance, among others. All these sentiments point to the fact...

RURA to regulate taxi moto fares as quest for cashless Rwanda continues


Are you a regular taxi moto user? Well, you could soon start paying fixed fares for any given routes following plans by Rwanda Utilities Regulatory Authority (RURA) to start regulating...

Low activity on the local bourse

There was low activity as the Rwanda Stock Exchange opened the week, yesterday.

New income tax law timely, says CMA official

The local capital market is upbeat following the passing of the income tax Bill by the lower house of Parliament last week. According to the Capital Market Authority (CMA), the...

Local horticulture exporter gets global certification for standards


Local horticulture exporter, Nature Fresh Foods export has received the global certification for meeting agricultural best practices and standards.

Zimbabweans to invest on the local bourse


Zimbabwean companies are looking to invest on the local stock market. Officials from the Zimbabwe National Chamber of Commerce say they have been attracted to Rwanda by the country’s good...

PSF, Zimbabwe chamber of commerce to strengthen ties


Zimbabwean firms have expressed interest in investing in Rwanda’s mining, agriculture, manufacturing and textile sectors. The investors, who are in the country to explore investment opportunities in various sectors, said...

Private sector urged to invest in public transport

The private sector should take advantage of the improved and expanded roads in the city to invest in the public transport industry, officials at the City of Kigali have said.

Ivory Coast mining sector turnover increases by 11.5%

ABIDJAN – Ivory Coast’s mining sector turnover rose by 11.5 per cent in 2017 on the back of increased exports of gold, manganese and nickel, government officials have said.

Airtel takeover of Tigo brings new dynamics to telecom market - experts


The approval of the acquisition deal of Tigo Rwanda operations, a subsidiary of Millicom International Cellular S.A., by Bharti Airtel marks a new dawn operators and will help strengthen the...

COMESA’s online market will reduce cross-border trade barriers - officials


Common Market for Eastern and Southern Africa (COMESA) has stepped up efforts to promote cross-border trade by embracing e-commerce to be able to “minimise physical barriers”. to trade across the...

RSE targets small businesses in new campaign


Rwanda Stock Exchange (RSE) has launched an awareness campaign to sensitise the public on the investment and saving opportunities presented by the local bourse. The three-month “Access and grow” drive...

Rwanda share index down 1.6%

The benchmark index for local counters dropped by 1.60 per cent or 2.16 points after Bank of Kigali counter shed Rwf10 during Monday’s trading session. According to the Rwanda Stock...

How new global financial reporting standard will affect local banking industry


Local banks will soon adopt the new international financial reporting standard (IFRS 9), a move that is aimed at improving the accounting and reporting of financial assets and liabilities, enabling...

How proper postharvest handling, storage have improved earnings of Gisagara maize growers


Mahoro smiles contentedly as she counts a bundle of brand new banknotes at a local cooperative in Gisagara District. The maize grower has just been paid for the 200kg of...

Is open skies the magic wand that will drive African airlines’ competitiveness?


For one to travel from Kigali to Algeria, they have to pass through Turkey in Eurasia to get to the final destination. Equally, someone travelling to Morocco from Kigali has...

New online market to promote Made-in-Rwanda products


Rwandans and East African residents will now find it easy to buy locally-made goods, thanks to a new online market that seeks to promote Made-in-Rwanda products.