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.

Why financial institutions should prioritise sustainable banking

Financial institutions are key players in any country’s long-term sustainable development goals. Sustainable development as a concept may be strange to banks because they provide intangible services.

Bond market records Rwf28m total turnover

The equity market recorded a total turnover of Rwf125,000 from 1,100 shares that exchanged hands in two deals, according to the Rwanda Stock Exchange (RSE) daily market report for Monday.

Zimbabwean investors eye opportunities in Rwanda’s agric, ICT and energy sectors


A delegation of 35 Zimbabwean business leaders jets into the country tomorrow to explore investment opportunities in various sectors, including ICT, agriculture, manufacturing, real estates, finance and energy.

Researchers call for more collaboration to spur urban devt


Strong coordination and effective governance are essential to ensure proper planning and financing to foster urban development, researchers have said.

BPR in new drive to promote savings culture, financial inclusion


Government efforts to raise national savings ration of GDP to 20 per cent in 2020 will be boosted following a plan by BPR to increase sensitisation campaigns encouraging Rwandans to...

Egg export value for Jan-Nov surges to Rwf424.8m

Export revenues from eggs surged to $4.94 million (about Rwf424.8 million) in the first 11 months of 2017, up by a massive 187 per cent or $1.72 million from $3.21...

RwandAir’s planned flights to China will spur trade and tourism - business leaders


Plan by RwandAir to start flights to Guangzhou, China mid-this year will facilitate trade and boost tourism, government and private sector officials have said.

KCB pledges more digital products as lender launches 10th anniversary activities


KCB Bank Rwanda has pledged to bring to the market more digital products to help deepen financial inclusion and boost cashless economy.

Microfinance body embraces technology to ease service delivery


The microfinance (MFI) sector is looking to technology to improve service delivery and consumer protection practices. According to the Association of Microfinance Institutions in Rwanda (AMIR), the move will help...

Rwanda’s coffee export revenue rises on good global prices

Good prices on the global market boosted Rwanda’s coffee export revenue during the first 11 months of the last year despite a drop in volumes, the National Agricultural Export Board...

Flower firm targets local market to increase revenue


Rwanda’s flagship floriculture project, Bella Flowers, is looking to increase export earnings threefold on the back of increased acreage. Gopal Patil, the Bella Flowers farm manager and acting CEO, said...

Tea exports rake in Rwf67bn during first 11 months of 2017

Rwanda's tea export receipts increased to $78.1 million (about Rwf67.2 billion) during the first 11 months of 2017, up from nearly $57.4 million (Rwf49.4 billion) during same period in 2016,...

Hike in motor vehicle insurance prices good for everyone - ASSAR


Insurance companies announced an increment of 73 per cent for mandatory motor third-party insurance premium that was implemented effective January 1, 2018 for both public and private vehicles.

How tea growing is transforming lives of rural women in Nyamagabe


It’s a beehive of activity as a group women move back and forth ferrying bags of freshly picked green leaf tea from their plantations onto a waiting delivery truck. The...

Iterambere Fund grows by 38% to Rwf1.45bn in 2017


Many Rwandans were not familiar with unit trusts as investment vehicles about two years ago. This was, however, to change when government mooted the RNIT Iterambere Fund whose initial public...

Local musicians deserve better working conditions, pay


Let’s face the music. It is time that we have a candid understanding of the sacrifices behind the live entertainment scene and the working conditions of musicians in Kigali.

Farmers urged to be vigilant following December armyworm attack in Bugesera


Farmers in Eastern Province have been urged to be on the lookout following an outbreak of the army worm pests in Bugesera District.

Index for local counters inches up marginally

Rwanda Share Index for local counter went up marginally during Monday’s trading session to close at 135.37 points on Friday, the Rwanda Stock Exchange (RSE) daily market report indicates.

MTN in Rwf17bn upgrade to improve connectivity and efficiency


mtn rwanda subscribers will soon start enjoying enhanced and more efficient connectivity, thanks to ongoing network upgrade.

Mobisol customers win bikes, smartphones in ongoing 'Nezerwa na Mobisol' promo


Twelve customers have won a range of prizes, including sports bikes and smartphones, in the ongoing Mobisol ‘Nezerwa na Mobisol’ promotion.