Business

Rwanda partners with IATA to improve aviation safety

The International Air Transport Association (IATA), the trade association for world’s airlines, and the Rwanda Civil Aviation Authority (CAA) have signed a Memorandum of Understanding (MoU) to partner for the improvement of aviation safety. The New Times has learnt that the MoU was signed...

Wednesday, August 15, 2018 - 1:19am

AfDB chief calls for emerging agriculture technologies to optimise output

The President of the African Development Bank Group, Akinwumi Adesina, has made an urgent call to give farmers across the continent new technologies with the potential to transform agricultural production. Adesina said the technology transfer was needed immediately and that evidence from countries...

Wednesday, August 15, 2018 - 1:17am

Rwanda’s mobile phone subscriptions grow by 1%

The number of Rwandans using mobile phones increased marginally at the end of July, the latest mobile telephone subscriptions report shows. The report was released by Rwanda Utilities Regulatory Authority (RURA), the sector’s regulator. The quarterly report indicates that the total number...

Wednesday, August 15, 2018 - 1:14am

Mastercard Foundation awards 15 social enterprises from Africa

Fifteen social enterprises from the Mastercard Foundation scholars programme from across Africa have been awarded fellowships which could take their business ventures to the next level.  Over 70 social entrepreneurs gathered in Kigali last week as part of the annual Social Venture Challenge....

Tuesday, August 14, 2018 - 10:44am

Medical student doubling in bee farming shares entrepreneurial lessons

Bonaventure Niyoyita is a medical student and entrepreneur behind the ‘Youth Engaged in Apitherapy’,  a firm that rears bees for honey in Kamonyi District. He is a student of General Medicine and Surgery at the University of Rwanda. His business venture aims at helping get youth...

Monday, August 13, 2018 - 11:44pm

Youth exhibition seeks to showcase young entrepreneurs’ ventures

Young Rwandan entrepreneurs can look forward to increased exposure of their goods and services following the launch of a youth exhibition to boost visibility. Dubbed Kigali Youth Innovation Expo, the just-concluded two-day exhibition, held at Kiseki Authentic Japanese Restaurant, Kimihurura, over...

Monday, August 13, 2018 - 11:43pm

How farmers set up coffee washing station from Rwf1,000 contributions

For most people, Rwf1000 is a little amount that cannot do much. But for a group of coffee farmers in Nyamasheke District, it was enough to start an investment to boost their productivity. When coffee farmers in Macuba Sector, Nyamasheke District set out to form a cooperative and start a coffee...

Monday, August 13, 2018 - 11:21pm

Am I managing my business properly?

The main reason why businesses fail is incompetent owners and managers. Business owners will blame a shortage of cash for their business failure. But why was there a shortage of cash; poor products, poor sales, poor cash flow management, no marketing etc. All of the reasons for no cash goes back to...

Monday, August 13, 2018 - 11:15pm

CNBC Africa’s recruits Anangwe as business anchor

After losing two of the top anchors to BBC, CNBC Africa has hired Rwandan television personality Eugene Anangwe as a business anchor. The Pan-African network last month lost Maggie Mutesi and George Ndirangu who both moved to BBC Africa. Anangwe is popular for his weekly show on Rwanda Television...

Monday, August 13, 2018 - 11:06pm

Bralirwa registers Rwf 2.1bn profit in first half of 2018

Leading brewer, Bralirwa Plc has registered a profit of Rwf2.1b in the first half of 2018.   The profits stem from revenues of Rwf45.4b in the first half of 2018 which is a 9.7 per cent improvement compared to Rwf 41.3b from the first half of 2017, it said in a statement.   The firm,...

Monday, August 13, 2018 - 10:40pm

Rwanda’s economy earns Standard & Poor’s positive outlook status

Standard and Poor’s (S&P), a corporate and sovereign rating agency, has revised Rwanda’s outlook to positive from stable and maintained the rating at “B/B” for long and short-term. The rating, by the American independent credit rating agency, was released on Friday....

Monday, August 13, 2018 - 10:37pm

Specialty coffee production projected to hit 80% by 2020

Rwanda’s specialty coffee production rate moved from almost zero in 2000 to 58 per cent in 2017 and projected to grow to 80 per cent of total coffee produce by 2020. This is according to statistics from the National Agriculture Exports Development Board (NAEB). Specialty coffee is one that...

Monday, August 13, 2018 - 10:28pm

Smart technology is key to Rwanda’s future

Buzzwords such as blockchain, artificial intelligence and robotics are smart technologies changing the face of industrial processes and production globally. The question is, how are African countries positioning themselves to harness the opportunities and benefits of acquiring and adopting new...

Monday, August 13, 2018 - 10:22pm

Innovation as a catalyst of growth

Policy makers all over the world are now emphasising on innovation as one of drivers of economic growth in an economy.  Innovation as driver of economic growth already proved its credibility in developed countries and now it’s time for developing countries to follow suit. Based on...

Monday, August 13, 2018 - 10:05pm

Tesla’s CEO Elon Musk sued for fraud

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors...

Monday, August 13, 2018 - 12:26pm

Ethiopian Airlines could set up planned Nigerian airline

Ethiopian Airlines is the frontrunner to set up and manage a new national carrier for Nigeria, its chief executive said on Friday. “We are among a small group with an interest in establishing a national carrier (in Nigeria)...we do not know the results (of the tender), though we are...

Monday, August 13, 2018 - 12:22pm

UAE plans Ethiopia-Eritrea oil pipeline

The United Arab Emirates plans to build an oil pipeline connecting Eritrea and Ethiopia, the latest sign of the Gulf state’s increasing involvement in the Horn of Africa. The pipeline will run from Eritrea’s port city of Assab to Ethiopia’s capital Addis Ababa, an Ethiopian...

Monday, August 13, 2018 - 12:13pm

Samsung eyes young buyers with gaming, music-friendly Galaxy Note 9

Samsung Electronics Co Ltd unveiled the Galaxy Note 9 “phablet” in New York on Thursday in a key product launch that it hopes will attract younger customers with stepped-up features and services for gamers and music-lovers. Launching the Note 9 at 11 a.m. in New York, or Friday...

Saturday, August 11, 2018 - 1:25am

Trade war threatens reign of luxury stocks

An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales...

Saturday, August 11, 2018 - 1:22am

Insurance sector harmonises motor vehicle insurance certificates

Local insurers will, beginning September, adopt harmonised motor insurance certificates which will replace certificates issued by individual firms. The move by Rwanda Insurance Association is aimed at bringing uniformity of proof of Motor Third-Party Insurance across the insurance market....

Friday, August 10, 2018 - 8:57am