Business

Inside Rwanda coffee farmers’ growing farms and fortunes

Its 10 AM on a Monday morning and Anastase Bizimana, President of Abakundakawa Rushashi, a cooperative of coffee farmers in Kageyo, Rushashi Sector, Gakenke District in Northern Province, is watching workers washing and drying coffee produce.  This is part of preparing the produce for...

Tuesday, August 4, 2020 - 12:09am

23-year-old’s experience and journey creating her own fashion brand

In 2017, Kanyana Nadine, 23, took a bold decision. She had been studying sciences with a vision to major in computer programs coding and Information Technology but decided to drop it all and pursue fashion. “My family was supportive but not all my friends could understand why I did not...

Tuesday, August 4, 2020 - 12:08am

How digital media outlets make money

Trends of the media industry’s revenue streams have been changing rapidly in recent years, with a majority of traditional media transitioning to become digital outlets; in pursuit of the available opportunities. Today, 73 per cent of Rwandans have mobile phones, and 26 per cent can access...

Tuesday, August 4, 2020 - 12:07am

Review of Rwanda’s construction and real estate development

After the 1994 genocide against the Tutsi when almost the entire infrastructure was non functional, the Government of Rwanda embarked on reconstruction and infrastructure development.  Among the priorities set was the construction of modern residential and commercial infrastructure. Growth...

Tuesday, August 4, 2020 - 12:07am

Farwell sharing economy, welcome social-distancing

The implications of a global crisis are always widespread and long-lasting, far more than the immediate results. Every crisis, whether political, financial or health-related, could be a catalyst for innovation, social revolutions, and economic disruptions; Thus, the global Corona crisis is also...

Tuesday, August 4, 2020 - 12:05am

Ten questions to the CEO of Cimerwa on listing on Rwanda Stock Exchange

On Monday, August 3, Rwanda’s largest cement manufacturing firm will start trading its shares on the Rwanda Stock Exchange.   The company will list 100 per cent of its shares constituting 703,219,520 shares. Of these some 344,575,560 shares or 49 per cent will be available for trading...

Monday, August 3, 2020 - 8:18am

Who can join the board of a Rwandan financial institution?

Among the key and influential positions at any financial institution is serving on the Board of Directors. The National Bank of Rwanda recenly issued directives on the eligibility of persons to serve as independent directors of a financial institution. Independent directors are part of an...

Tuesday, July 28, 2020 - 12:34pm

Nuts and Bolts: Understanding cyber risks and commonly used tools

Recently, one of the most popularised and confounding hacks on Twitter took place. Twitter accounts of major companies and individuals were hacked by a scam promoting bitcoin. Twitter handles of renowned personalities such as Barack Obama, Apple, Joe Biden, Bill Gates were among those hacked...

Tuesday, July 28, 2020 - 12:08am

Rising debt distresses region as countries risk lower ratings, report

Sub-Saharan Africa government’s debt burden is rising at a fast pace and to levels higher than other emerging markets, heightening the risk of downgrades and defaults, the latest Fitch Ratings report has warned. According to the report, a number of countries in the region are now in danger...

Tuesday, July 28, 2020 - 12:07am

Young duo merge business and tech skills to launch e-commerce enterprise

Davy Uwizera, who graduated from Carnegie Mellon University Africa in Rwanda in 2017 in ICT and Raissa Ingabire Dushime with four years’ experience in business operations are the latest entrants of the local e-commerce sector. Dubbed “Huzamart “, their application which is...

Tuesday, July 28, 2020 - 12:06am

Made-in-Rwanda promoters react to stimulus

Enterprises promoting Made-in-Rwanda products-that were hit by Covid-19- have welcomed recently unveiled a Rwf300 million fund and called for support from the fund. Last week, the Ministry of Youth and Sports, Rwanda Language Academy of Language and Culture (RALC) and Imbuto Foundation launched...

Tuesday, July 28, 2020 - 12:05am

BRD, World Bank commence fundraising for Ignite Power

The Development Bank of Rwanda (BRD), the World Bank, and the Swedish International Development Agency (SIDA) have announced a strategic fund-raising and collaboration to raise capital for Ignite Power. Ignite Power is a Rwandan renewable energy firm with investment in solar energy. The firm...

Tuesday, July 28, 2020 - 12:04am

The worst will be soon behind us - optimism amid Covid-19

The Covid-19 virus has brought many new elements into our day-to-day routine. The fear of an invisible enemy, social distancing, enhanced personal hygiene, and more, drastically changing our lives in only a few weeks. But most significant of all, is the withering uncertainty: an element that has...

Tuesday, July 28, 2020 - 12:03am

Planning is more important than prediction for Africa’s property sector now

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better...

Tuesday, July 28, 2020 - 12:02am

Five business lessons to learn from Covid-19 pandemic

The Covid-19 pandemic has accelerated the pace of change in the business world. Business sector is adapting to operate in an ever-evolving landscape where the only certainty is change. Globally, the pandemic has left hundreds of thousands of people, sent millions into unemployment and devastated...

Tuesday, July 21, 2020 - 12:13am

Nuts and Bolts: Understanding Internet generation from 1G to 5G

According to the International Telecommunication Union (ITU) report, Rwandans spend about 7.1 per cent of their average income on internet. Today, it is likely that a big percentage of daily activities such as work, communicating with people, even getting food and other essentials can be done via...

Tuesday, July 21, 2020 - 12:12am

Bugesera women farmers to tap into vegetable export market

Women in agribusiness from Bugesera District are set to start exporting vegetables following the investment in irrigation enabling them produce outside the limitations of agricultural seasons. Esperance Mukarwego is a farmer of amaranth near Lake Cyohoha in Mayange sector. She said that she...

Tuesday, July 21, 2020 - 12:11am

Domestic tourism expected to revive Rwanda’s revenue-sharing scheme

Promoting regional and domestic tourism could revive the revenue sharing scheme across the country enabling communities get past the impact of Covid-19 in the tourism sector which has suspended community support projects, Rwanda Development Board has said. This is according to Eugene Mutangana,...

Tuesday, July 21, 2020 - 12:11am

Coffee farmers receive Rwf60 million for packaging

Rwanda Coffee Farmers Federation (RCCF) has secured Rwf60 million in funding for adopt internationally accepted coffee packaging bags that will enable them to leverage coffee export on global markets. The move according to the federation will among other things ensure the supply of safe products...

Tuesday, July 21, 2020 - 12:10am

Fiscal Incentives should be crucial for Rwanda’s economic growth.

For the past decade, Rwanda has achieved impressive economic growth through structural transformation. Its political and macroeconomic stability, friendly business environments, and attractiveness for investors are all contributing factors to Rwanda’s economic growth.   Rwanda aspires...

Tuesday, July 21, 2020 - 12:09am

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