Business

Is counterfeit money increasingly becoming common?

Last week, Rwanda National Police (RNP) arrested two young men in Rusizi District, on suspicion of possession of counterfeit money. The duo was reportedly alleged to possess money worth Rwf280,000 with the fake notes in the denominations of Rwf1,000 and Rwf2,000. Like the two young men...

Tuesday, October 27, 2020 - 10:02am

How savings groups have led Kigali women to profitable businesses

Women in Nyamirambo Sector in Nyarugenge District are reaping big from different businesses they ventured into thanks to three created savings groups. At least 60 vulnerable families made up of 434 people meet regularly to save together and take small loans from those savings which they...

Tuesday, October 27, 2020 - 9:02am

Top lessons from the Start-Up Nation on building an innovation ecosystem

Two weeks ago, the African entrepreneurship and innovation sector received a huge boost of encouragement when the American payments giant Stripe announced the acquisition of the Nigerian company Paystack for $200 million USD.  But the most important news was not the impressive amount, or...

Tuesday, October 27, 2020 - 8:02am

How fixed savings accounts work

Normally, when one is seeking an ideal account to receive salaries and funds that could be used to pay bills or cover other expenses, a checking/ current account is an obvious choice. In contrast, when that person wants to set money aside for future needs and goals, experts argue that a savings...

Tuesday, October 27, 2020 - 7:08am

What next for flood prone Gisagara region?

Over 1,600 rice farmers in Nyiramageni marshland in Gisagara District are awaiting government bailout to help them recover from disaster-induced losses. They are part of thousands of rice farmers affected by heavy rains experienced between October and December 2019 and early this year....

Tuesday, October 27, 2020 - 12:13am

Developing entrepreneurship in a digital economy

With a shift away from physical commerce, consumers are increasingly taking their daily activities online. This shift has resulted in new opportunities for emerging digital entrepreneurs to reap the dividends from digital and grow in the digital economy. The digital economy as we know it...

Tuesday, October 27, 2020 - 12:12am

How will Kigali Arena’s new managers generate revenue?

Last week, a South African company, QA Venue Solutions Rwanda signed a seven-year agreement with the Rwandan government to manage the Kigali Arena, a 10,000-seater multipurpose arena.  The firm is expected to among other things generate revenue from the facility at the same time having...

Tuesday, October 20, 2020 - 8:50am

E-waste recycling project to generate more green jobs

E-waste collection and recycling has created over 400 green jobs which is expected to increase once the recycling facility and nationwide collection points are fully operational. According to the Global E-waste Monitor 2020 statistics, 53.6 million metric tons of e-waste was generated worldwide...

Tuesday, October 20, 2020 - 7:02am

What are the real technologies disrupting Africa’s energy sector

In over 2 decades of working across Africa, I pretty much heard all the warnings one may encounter about the risks and challenges of operating in the continent, with many experienced entrepreneurs, business leaders, and investors saying that “the challenges often overcome the potential,...

Tuesday, October 20, 2020 - 12:07am

Ten affordable post-harvest techniques to raise farmers’ revenue and sales

In Africa, and in Rwanda, a significant portion of food loss occurs in early stages of the food value chain, mainly due to financial, managerial and technical constraints in harvesting and handling techniques as well as storage and cooling facilities. Food and Agriculture Organization (FAO)...

Tuesday, October 13, 2020 - 10:02am

What is transfer pricing?

On September 25, a Cabinet meeting chaired by President Paul Kagame, approved a ministerial order that among other things establishes general rules on transfer pricing. The move, experts believe, comes at a time the country continues to attract more foreign direct investments and multinational...

Tuesday, October 13, 2020 - 8:42am

258 million African kids don’t go to school, technology can change that

After many years of building and leading companies in the field of sustainable development across Africa, I have been through a long list of exciting moments. But this week was undoubtedly one of the highlights - all thanks to professional cyclists and the amazing children of Agahozo Shalom...

Tuesday, October 13, 2020 - 7:08am

Understanding funds sources for Rwanda’s $11 billion climate plan

Rwanda recently submitted revised its Nationally Determined Contributions (NDCs) to the United Nations Framework Convention on Climate Change (UNFCCC). This in turn revealed that the country requires over $11 billion to implement the measures between 2021 and 2030 to mitigate and adapt to...

Monday, October 12, 2020 - 11:56pm

Equity Bank Plc celebrates Customer Service Week

Equity Bank Plc on Monday shared a light moment with its customers as the bank joined the rest of the world in celebrating this year’s Customer Service Week. The weeklong event is observed annually during the first week of October, to celebrate the importance of...

Friday, October 9, 2020 - 4:55pm

Annie Nibishaka to lead Insurers Association

Annie Nibishaka, the Managing Director of UAP Insurance Rwanda, has been elected to lead Rwanda Insurers Association (ASSAR) – an advisory body for the insurance sector – the association said in a statement on Wednesday. She replaces Gaudens Kanamugire, who earlier this year...

Wednesday, October 7, 2020 - 3:16pm

Lack of subsidies on agro-chemicals and seeds weighs down potato farmers

Smallholder farmers growing Irish Potatoes in the Northern and Western regions have requested the government to extend subsidies on agro-chemicals and seeds that are often available at high prices to allow them make profits from the investment. The Northern volcanic region accounts for more than...

Tuesday, October 6, 2020 - 11:07am

We must get ready for tomorrow’s lockdown - today

A few months back, when Covid-19 was still a conundrum, and countries around the world began emerging from the first general lockdowns, experts warned that the fight is far from over, and that we are facing a new era, one of living alongside the virus. A lot has changed since then; Medical teams...

Tuesday, October 6, 2020 - 9:42am

What’s Mobile Money API?

MTN Rwanda will by the end of this year launch  its Mobile Money API (Application Programming Interface), a platform that it said would allow local entrepreneurs and start-ups to build solutions that accept mobile money payments. The development, according to the firm, is in line with plans...

Tuesday, October 6, 2020 - 7:09am

Will new disease-resistant cassava varieties boost production?

Rwanda Agriculture and Animal Resource Development Board (RAB) and researchers have urged farmers to embrace cassava varieties that will resist diseases and increase production from 10 tonnes to 40 tonnes per hectare. Farmers were previously struggling to access improved cassava varieties...

Tuesday, October 6, 2020 - 7:08am

Online trading and Coronavirus: An industry faces rapid change

Change is a constant factor in the way society works and business operates, but most of the time change happens slowly and is almost unnoticeable. It was only 13 years ago that the first iPhone was introduced to the world, but life without a smartphone is now almost unthinkable for many people....

Tuesday, October 6, 2020 - 6:02am

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