Business

Local start-up partners with American firm to promote Rwandan gaming industry

Suponic Global, an American gaming company and DopeApps, a local startup, have entered partnership to promote Rwanda’s gaming industry, the two companies said in a joint statement. The partnership between the two companies seeks to develop a strong and profitable gaming industry in Rwanda...

Tuesday, September 8, 2020 - 12:09am

Corporate Moves: Rwandan woman, 35, to run Singita Rwanda’s operations

Luxury tourism brand, Singita has become the first five star rated facility to hire a Rwandan lady as General Manager. The facility recently promoted Lydia Nzayo to the position of General Manager at Singita Volcanoes National Park. Nzayo has been serving as the Assistant GM since January...

Tuesday, September 8, 2020 - 12:08am

Vuba Vuba takes food delivery service to Musanze

Vuba Vuba Africa, a local food delivery service, says it is expanding its operations to Musanze District in the Northern Province, barely nine months since it launched in Rwanda. “This September 8 2020, Vuba Vuba Africa will open a new branch in Musanze District,” Albert...

Monday, September 7, 2020 - 5:51pm

Japanese flying car successfully completes first test flight

A Japanese company has announced the successful test drive of a flying car. The public demonstration for a flying car, which was the first of its kind in Japanese history was conducted on August 25 at the Toyota Test Field, one of the largest in Japan and also home to the car company’s...

Tuesday, September 1, 2020 - 2:12pm

Business ideas you can start at home amidst Covid-19 measures

The Covid-19 pandemic has left many jobless, businesses struggling and salary cuts, for those that are still employed. This has left many trying to start business ventures and income streams and at the same time mindful of the Covid-19 measures in place. There are a number of ideas and concepts...

Tuesday, September 1, 2020 - 12:01pm

What’s a billionaire and how do they generate wealth?

Did you know that if today’s billionaires formed a country, it would be the eighth wealthiest in the world? It would have around just 2, 100 citizens with over USD 9 trillion in wealth, more than a hundred times of Rwanda’s wealth. Today, the world has more billionaires than ever....

Tuesday, September 1, 2020 - 10:46am

Young innovators establish Rwanda’s first online market place for artworks

With no large cultural events taking place as a result of social distancing, three young innovators have embarked on a journey to support the creative industry by establishing the country’s first online market for artworks. The move, according to their organization, Imanzi Creations, comes...

Tuesday, September 1, 2020 - 10:01am

Corporate Moves: Bank of Kigali hires new Chief Digital Officer

Bank of Kigali has appointed Obinna Ukwuani as Chief Digital Officer replacing Regis Rugemanshuro who was appointed to head Rwanda Social Security Board in February this year. The position among other things involves leading the Digital Factory division for product innovation and development in...

Tuesday, September 1, 2020 - 12:08am

Is now the best time to start a new business venture?

We live in historical times. Some will say that these are strange times, some will say that they are unprecedented, but there is one thing everyone can agree on: Covid-19 is a historical event, one that will be analyzed and discussed for years to come. The pandemic also presents us with vast...

Tuesday, September 1, 2020 - 12:06am

MTN Rwanda dedicates Sept. commercial advertising budget to Covid-19 fight

MTN Rwanda has announced suspension of commercial advertising to inject the budget in the Covid-19 fight. In a statement released Monday morning, the telecommunication giant said it is committing its September marketing resources to a new campaign encouraging people to wear masks as one of the...

Monday, August 31, 2020 - 12:05pm

Kenya Airways to record sharp fall in revenues owing to Covid-19

Kenya Airways expects to see a drop in revenues of between 60 billion Kenyan shillings ($555.30 million) and 70 billion shillings in 2020, the airline announced on Friday. “The reduction is due to the cessation of scheduled operations from the second quarter of 2020,” the airline...

Friday, August 28, 2020 - 12:45pm

Debit card or credit card, what’s better?

Ever wondered the difference between a credit and a debit card? It’s easy to see why; debit cards and credit cards are widely accepted at many places. Cashless economy has been increasingly been adopted and even more when Covid-19 pandemic hit. Debit and credit cards both offer convenience...

Wednesday, August 26, 2020 - 12:29pm

Considerations to make when deciding between renting, buying or building a home

Housing is among the key priorities for many. At the same time, housing has been a major challenge for most due to factors such as costs, lack of savings and growing competition. With options ranging from buying, renting to building one from the ground up, what’s the most ideal model?...

Tuesday, August 25, 2020 - 3:01pm

Lessons on Africa’s Infrastructure Readiness from Covid-19

Covid-19 caught Africa in a state of poor infrastructure readiness. Infrastructure required for business continuation within the framework of the new normal was either missing or obsolete and hence people lost their jobs and economies suffered. This is an opportunity to urgently re-assess the needs...

Tuesday, August 25, 2020 - 11:45am

Entrepreneurs seek Rwf500m to turn volcanic rocks into pavers

Masons in Musanze District are in the process of   mobilizing financial resources to set up a Rwf500 million factory in Musanze industrial zone so as to produce pavers from ‘Amakoro or Volcanic rocks’. Volcanic rocks are rocks formed from lava erupted from a volcano. These are...

Tuesday, August 25, 2020 - 10:36am

Former I&M manager joins Bank of Kigali’s C-suite

Bank of Kigali has recruited Benjamin Mutimura as its new Chief Commercial Officer, a position previously held by Vincent Gatete who since left the bank. Prior to joining Bank of Kigali, Mutimura has been working as the Head of Corporate and Institutions at I&M Bank Rwanda (since 2016)....

Tuesday, August 25, 2020 - 9:28am

How agreement between Israel and the UAE likely to affect Africa

According to chaos theory, “a butterfly flapping its wings in Taiwan could cause a tornado in the United States.” But in the hyper-connected age we live in, one does not have to go far to the regions of chaos. Events all over the world affect countries, economies and governments on a...

Tuesday, August 25, 2020 - 12:13am

Boeing inks first 737 Max deal since Ethiopian Airlines crash

Boeing has received its first order for the 737 Max after nine months of no operations, the planemaker announced in a public statement on Wednesday, August 19. Even though Boeing is still awaiting re-certification to fly the aircraft again, Enter Air, Poland's biggest charter...

Thursday, August 20, 2020 - 3:33pm

UR graduate inspiring youth to create jobs in nature conservation

Elisa Tumwesigye, a graduate of University of Rwanda specialising in Botany and Conservation, has managed to create jobs in biodiversity conservation and inspired Rwandan and Central African Republic youth to start income generating activities protecting the environment. Doing Business recently...

Wednesday, August 19, 2020 - 9:31am

How to save up for retirement on a low income

It’s a lifetime ambition for most to have a smooth retirement. In Rwanda, the earliest someone can retire under the law is at 60 years, while the late retirement age is 65 years.  Retirement is considered ideal if one is financially dependent at their old age.  It is not uncommon...

Tuesday, August 18, 2020 - 2:01pm

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