China cautions US against putting bilateral trade ties in jeopardy


BEIJING – China’s Ministry of Commerce (MOC), yesterday, urged the United States to “pause on the brink of a precipice” and make prudent decisions so as not to put bilateral...

Norway's electric cars rise by 40%


OSLO – A total of 142,490 electric cars were registered in Norway at the beginning of 2018, an increase of over 40 per cent from the previous year, the country’s...

Kenya shilling holds steady in Friday trade

Nairobi – Kenya’s shilling held steady yesterday, and traders said it was expected to ease in the days ahead due to demand from sectors like manufacturing, while inflows from horticulture...

Ghana raises $356.3m from domestic bond sale

accra – Ghana’s three-year domestic bond has scooped 1.57 billion cedis (about $356.3 million) tendered and will pay a yield of 16.5 per cent, joint transaction arrangers said.

Rwanda gets Rwf885m grant to fast-track integration projects

Rwanda will receive €832,615 (about Rwf885 million) grant as part of the support provided to the country under the COMESA adjustment facility (CAF) to expedite the implementation of regional integration...

EABC calls for policies that support women engaged in cross-border trade


Regional governments have been urged to design policies that will facilitate and attract more women to engage in cross-border trade.

Embrace new technologies to increase agricultural production, Africa urged


Africa should embrace technology and innovations to boost agro-production and, hence save the billions of dollars the continent spends on food imports, the Minister for Agriculture and Animal Resources has...

Microfinance institutions tipped on lending and consumer protection


Local microfinance institutions (MFIs) have been urged to embrace responsible lending practices and protect consumers to boost access to finance. Bernard Nsengiyumva, the National Bank of Rwanda (BNR) principal analyst...

PHOTOS: Gatete roots for cross-border investments as CBA launches operations in Rwanda


Cross-border investments will play a big role in the East African Community (EAC) integration process, the finance minister has said. Speaking during the Commercial Bank of Africa (CBA) launch dinner...

Innovation fund project secures Rwf25.5bn loan from AfDB


African Development Bank (AfDB) has approved a loan of $30 million (about Rwf25.5 billion) to support the establishment of Rwanda Innovation Fund (RIF), according to a statement from the lender....

Why more real estate developers have embraced affordable housing


The real estate sector was one of the key contributors to Rwanda’s economic growth last year, adding 8 per cent to the national GDP growth during the fourth quarter of...

Local grain dealers, farmers tipped on quality


Grain dealers and farmers have been urged to ensure quality and standards as part of efforts to support cross-border trade and also help develop the grain sector in the region.

Egyptian investors eye Rwanda’s energy, agriculture sectors


Egyptian investors have expressed interest in exploring business opportunities in Rwanda’s construction, agro-business, renewable energy and textile sectors. The business operators, under the Federation of Egyptian Industries, also want to...

Why Kigali’s real estate industry rakes in better returns compared to regional cities


Kigali has higher rental yields than any other key cities in the residential and retail sector in Sub-Saharan Africa, a recent study shows. Rental yield is the rate of income...

RNIT Iterambere Fund grows to Rwf1.5bn in February


RNIT Iterambere Fund has continued its good performance, growing to Rwf1.530 billion at the end of February, the fund’s performance report for last month indicates.

Empowering generation Z through technology


The future of Africa belongs to Generation Z. As the world’s youngest region, approximately 20 per cent of Africa’s population is currently aged between 15 and 24. But the hope...

E-commerce boost as UK firm unveils world’s first smart contract marketplace

Modex has launched its first fully functional product alpha, bringing to the market the world’s first App Store for the blockchain. Modex’s Smart Contract Marketplace aims to tackle the ‘last...

Rwanda’s mobile telephone penetration rate rises to 76.1%


Rwanda’s mobile telephone penetration rate has inched up by 0.5 per cent to 76.1 per cent in February, from 75.6 per cent the previous month.

Varsity students pledge to promote savings culture, invest


Students participating in the ongoing 5th Capital Market University Challenge have vowed to promote the savings culture among young people, saying it is essential for the country’s banking sector to...

Youth urged to explore opportunities presented by the local exchange


Young people have been urged to adopt the culture of saving and investing through Rwanda Stock Exchange (RSE). This was during a tour of the local bourse by students from...

Airtel-Tigo merger kicks off with ‘Go from good to best’ campaign


Bharti Airtel and Tigo Rwanda have officially started the process to merge assets and services of the two firms, months after the takeover deal was approved by the regulator.

Cross-border e-commerce retail volumes to rise 25% by 2020, says DHL

Cross-border e-commerce continues to provide significant growth opportunities for retailers and manufacturers with an international online product offering.

Kigali to host global meet on responsible, inclusive finance


More than 400 financial experts from around the world are expected in Kigali in the next few days for the International Conference on Responsible and Inclusive Finance due next week.

Nigeria and Kenya inching closer to interest rate cuts

JOHANNESBURG – Nigeria and Kenya will follow Ghana’s lead and cut rates in the third quarter, a Reuters poll found, as long as there is a monetary committee quorum in...