Business

Hotels face stiff competition from Airbnb

Airbnb, an international marketplace for rental accommodation, is fast growing in popularity in comparison to the traditional hotels model. The platform allows ordinary people to rent out extra space in their homes to visitors and tourists. The platform is growing in popularity in Rwanda...

Thursday, August 2, 2018 - 9:58am

Expo: Foreign firms keen to set up shop in Rwanda

Many foreign firms taking part in the ongoing 2018 Rwanda International Trade Fair have expressed interest in registering their business in the country, it has emerged. Business Times has established that hardly a week after the opening of the three-week exhibition, eight foreign...

Thursday, August 2, 2018 - 9:50am

Eritrea, Nigeria, G-Bissau yet to commit to Africa free trade deal

Africa’s most populous nation and biggest economy, Nigeria, Eritrea and Guinea Bissau are the only African nations that are yet to make any commitment to the African Union’s Continental Free Trade Area (AfCFTA). According to the A.U. Commission chairperson, Moussa Faki Mahamat,...

Wednesday, August 1, 2018 - 10:59pm

Five unique products at the Expo 2018

Over 500 business entities from 23 countries are attending the expo taking place at Gikondo Expo Ground from July 26 to August 15. On display at this year’s Kigali International Trade Fair, commonly known as Expo, is a variety of products from Rwanda as well as foreign goods. We bring...

Wednesday, August 1, 2018 - 9:52am

Kenya projects economic growth by 6.2% in 2018

Kenya’s economy is likely to expand by 6.2 per cent this year, the country’s central bank’s governor said on Tuesday. This offers a rosier outlook than the country’s Finance Ministry, which expects growth of 5.8 per cent. The East African economy expanded by 5.7 per cent...

Wednesday, August 1, 2018 - 9:32am

Samsung Electronics profit growth slows as Galaxy S9 misses sales targets

Samsung Electronics posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market. The Apple Inc components supplier and smartphone rival said operating...

Wednesday, August 1, 2018 - 9:29am

CFTA to benefit entire continent, economists say

The Economic Commission for Africa has said that the entire continent stands to gain much more from AfCFTA than it benefits from other trading arrangements with regions outside the continent. The statements were made during a policy dialogue to discuss the African Continental Free Trade Area (...

Tuesday, July 31, 2018 - 10:47am

Local farmers lose 30% in post-harvest processes

Rwanda Agricultural Export Development Board (NAEB) has urged vegetable and fruits farmers to adopt the use of modern farming techniques and technologies for reducing post-harvest losses. The call is founded on post-harvest loss assessment of different crops such as tomatoes, pepper, bananas,...

Tuesday, July 31, 2018 - 10:47am

Why finance graduate chose pig farming

Peter Dukundane is a farmer who rears pigs. He, however, learnt the skill through self-training online to get started. The 24-year-old who is based in Musanze District is also a finance graduate. After school, he set out to start his own business, choosing farming. Despite the challenges...

Tuesday, July 31, 2018 - 10:42am

Inside Rwanda, China bilateral agreements

Rwanda and China last week signed 15 bilateral memorandum of understanding (MoUs) and agreements during China’s President Xi Jinping’s state visit to Rwanda. The signing ceremony was one of the major highlights of Xi’s two-day visit. Here is what some of these agreements...

Tuesday, July 31, 2018 - 10:34am

CNBC’s Georgie Ndirangu moves to BBC

CNBC Africa has lost one of its top presenters and producers to BBC Africa. Georgie Ndirangu till recently served as presenter and producer at CNBC Africa satellite office broadcasting out of Kigali. The youthful presenter will soon debut on BBC Africa, according to reports reaching The...

Tuesday, July 31, 2018 - 9:53am

23-year-old seeking to take shoe enterprise regionally

The ongoing 21st International Trade Fair has presented an opportunity for emerging entrepreneurs to increase awareness of their goods and services and possibly gain an edge in the market. Among them is 23-year-old Jean d’Amour Uwimana who ventured into shoemaking after starting off as...

Tuesday, July 31, 2018 - 12:42am

Changing minds without twisting arms

Despite advances in robotics and artificial intelligence, business leaders still need human followers to bring their organizational visions to life. But those followers are not necessarily easy to come by. According to an old business anecdote, when a new leader takes the reigns, only one third of...

Tuesday, July 31, 2018 - 12:33am

Facebook sued after stock plunge ‘shocked’ market

Facebook and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth. The complaint filed by shareholder James Kacouris in...

Monday, July 30, 2018 - 9:45am

Chinese president Xi Jinping says ‘trade war will have no winner’

Chinese President Xi Jinping told leaders at the BRICS summit in South Africa, that there would be no winner in a global trade war that is being championed by U.S. President, Donald Trump. Xi urged leaders of emerging economies to reject unilateralism in the wake of tariff threats that are being...

Monday, July 30, 2018 - 9:17am

Why South Sudan’s full integration into EA community delayed

Full integration of South Sudan in the East African Community (EAC) has been delayed by the prevailing turmoil there. However, the regional body is optimistic that the on-going peace dialogue will see the war-wrecked country settle down to business. “Despite the turmoil, the huge territory...

Monday, July 30, 2018 - 9:14am

RwandAir named among world’s 10 most improved airlines

The national carrier, RwandAir, has been named among the most improved airlines in the world. The ranking, by UK-based consultancy firm Skytrax, was released at the 2018 World’s Airlines Awards in London on Thursday. The World’s Airlines Awards are widely known as the ‘Oscars of...

Friday, July 27, 2018 - 10:46pm

Shelter Afrique members default on $114.3 million

Majority of Shelter Afrique shareholders have defaulted on their capital contributions, sending cumulative arrears on capital subscriptions to $114.3 million to the detriment of the pan-African mortgage financier. The 44-member company says in its latest annual report that this is slowing down its...

Friday, July 27, 2018 - 10:44pm

COMESA to set up team on digital free trade area

The Common Market for Eastern and Southern Africa (Comesa) plans to set up a team to oversee the implementation of the Digital Free Trade Area (DFTA). The DFTA is an online platform for trade facilitation comprising three segments, namely electronic trade (e-trade,) e-logistics, and e-legislation...

Friday, July 27, 2018 - 10:41pm

China-Africa trade grows by 17.3 per cent in first half of 2018

Trade between China and Africa reached 99.84 billion U.S. dollars in the first half of this year, up 17.3 percent year on year, showed data from the Ministry of Commerce on Tuesday. During January-June, Chinese exports to Africa surged 8.1 percent from the same period last year to $50.37...

Friday, July 27, 2018 - 10:01am