Experts call for caution on EAC monetory union


The east African Community (EAC) member states could sign the Monetary Union Protocol by the end of this year, but experts are cautioning against rushing the process.

BCR records 36 per cent profits before tax

Commercial bank of Rwanda (BCR) registered Rwf5.9b profits before tax last year, which was an increase of 36 per cent compared to the previous year.

City traders cautioned on standards, customer care


As the world marked the World Consumer Rights Day on Friday, officials from the trade ministry and standards body made a surprise visit to Kigali’s business hub, where they urged...

Habyarimana’s wheelbarrow of fortune


They say that tough times call for hard decisions. When 31-year-old Innocent Habyarimana’s parents died years ago, there was no way he was to live life ‘as usual’. He had...

Businesses urged to use alternative justice system


The Kigali International Arbitration Centre (KIAC), an initiative that provides an alternative business dispute resolution system, has started a drive to encourage enterprises to embrace other means of conflict resolution.

Rwf95m for ICT in education


The government’s efforts to promote ICT usage in all spheres of life have received a boost with international electronics firms, Samsung and Intel Corporation donating an assortment of solar-powered computers...

Govt targets Rwf268b from mineral exports


The mining sector is steadily becoming one of Rwanda’s biggest foreign exchange earners, fetching $136.6m (about Rwf86.7b) last year, only bettered by tourism.

Paying tax is a virtue, says Kicukiro mayor

Taxpayers in Kicukiro district have been urged to pay taxes in time to avoid derailing development projects in the area.

Govt to tighten mineral traceability to boost market


The government will more than double the number of tag managers from 97 to 200 to tighten the mineral traceability scheme and enhance the marketability of the country’s minerals on...

AfDB funds $217m road, agric projects in Uganda, Malawi


Tuni— The board of directors of the African Development Bank Group (AfDB) has approved a $144.89m loan in support of the Uganda road sector.

Experts urge regional govts to invest more in energy


Governments in the Eastern Africa region have been urged to urgently increase investment in renewable sources of energy to reduce the dependence on wood fuel and foster development.

Cashless economy drive gains momentum

As part of the central bank’s effort to promote a cashless economy, commercial banks are being advised to encourage mobile banking platforms.

Hoteliers call on Parliament to expedite Tourism Bill


Hotel operators have called on Parliament to expedite the approval of the Tourism Bill, arguing that the current law was outdated and ineffectual.

Government launches new VAT law for public tendering

The government  has introduced a new value added tax (VAT) law, where all public institutions are now obliged to record VAT on all public tenders at the time of payment...

Cigarette prices up 40 per cent

If you are a smoker, you will have to dig deeper into your pockets to buy the next puff. This comes after the prices of cigarettes increased by about 40...

EWSA looks to private sector to boost services


Attracting private investors in electricity production and supply will be prioritised by the energy body to cut costs incurred by the government, Ntare Karitanyi, the new director general of Energy,...

Why small businesses should be insured

Mugabo sobs uncontrollably as he hits fits against a smoke-covered wall of his hitherto popular shopping mall in Kimironko, a Kigali suburb, which was destroyed by a fire the previous...

New technology to guide World Bank in gender related lending in Rwanda

The World Bank has launched two programmes to step up its commitment to improve gender programmes in Rwanda and other African developing countries.

Telecoms take fight for clients to data market


BlackBerry phones have become the newest battle tool for customers in the telecom service sector in Rwanda, indicating that data services, coupled with mobile money services, may become the latest...

Norway oil wealth fund made big gains in 2012

OSLO – Norway’s oil fund, one of the biggest investors in the world, rose in value by 13.4 per cent last year, its second-best performance ever.

Court halts KRA’s bid to charge banks 10 per cent levy on service fees


NAIROBI – The High Court in Kenya last week suspended the decision by the Treasury to levy a 10 per cent excise duty on all service fees charged by financial...

Districts owe city of Kigali Rwf1.3b in tax arrears

The three districts that form the City of Kigali Council owe the city authority billions of francs in unremitted tax collections.

What development bank’s new funding deal means


Four years ago, his business was struggling and he had lost hope of ever finding money to recapitalise it. His woes were eased when he secured funds from the Development...

New central bank chief takes office

The new National Bank of Rwanda governor, John Rwangombwa, has officially taken over office.