Business

Kampala ‘Tripartite Summit’ opens today

The Tripartite Summit that has attracted several African Heads of State from three economic blocs opens today in Kampala, Uganda. The meet that will be attended by a delegation from Rwanda is seen by observers as a forum that could pave the way for the integration of the Commonn Market for Eastern...

Tuesday, October 21, 2008 - 12:00am

Nation’s business executives commended on competitiveness

Fifty business executives have been awarded certificates after concluding a three-day training on micro-economics of competitiveness, aimed at promoting business and economic competitiveness in Rwanda. The programme explored government’s efforts to push for economic development on a national and...

Monday, October 20, 2008 - 12:00am

Kerosene prices fall by 3.3 percent

The prices of kerosene have dropped from Frw815 to Frw788— representing a 3.3 percent decrease. According to a mini survey carried out by The New Times in Kigali town, Kerosene pump prices have dropped at filling stations.Vincent Karega, the State Minister for Industry and Investment Promotion...

Friday, October 17, 2008 - 12:00am

Government skeptical with Barclays offer for Banque de Kigali

Government’s sale of Banque de Kigali (BK) to Barclays bank is still in balance, a top official has revealed. Manasseh Twahirwa, Executive Secretary of Rwanda Privatization Secretariat, said that Barclays bank, a London based commercial bank has not yet met the value at which government is willing...

Friday, October 17, 2008 - 12:00am

BRD, private sector dialogue on entrepreneurial development

Rwanda Development Bank (BRD) and the Private Sector Federation (PSF) have stepped up efforts to develop entrepreneurship in the country. This was after both parties discussed with Business Plan Competition (BPC) contestants and winners on the challenges faced during their entrepreneurship careers...

Thursday, October 16, 2008 - 12:00am

Horticulture exports fall by 61.6 percent

Rwanda’s horticulture exports have dropped from $341.658 (Frw188.4m) in August last year to $131.171 (Frw72.3m) in August this year, according to Rwanda Investment and Export Promotion Agency (Riepa). Rwanda Horticulture Development Authority (RHODA) attributes the fall in export revenue to the low...

Thursday, October 16, 2008 - 12:00am

Mobile phones to be used in money transfer

EASTERN PROVINCE NYAGATARE— Publicel, a local private company is set to introduce mobile money transfer using handset. The company’s head of the project, Christian Syaka said on Tuesday that the objective is to reduce hurdles of transferring cash from one area to another. Syaka said that they will...

Wednesday, October 15, 2008 - 12:00am

Rwanda seeks to increase exports

Rwanda Investment and Export Promotion Agency (Riepa) is seeking to increase the country’s export volume and value through continuous dialogues with exporters. This was revealed in the first ever brainstorming meeting between Riepa and Rwanda’s exporters on Tuesday at Aberdeen House in Nyarutarama...

Wednesday, October 15, 2008 - 12:00am

Rwandan company reaps from Uganda’s annual trade fair

Dufatanye Association, one of the Rwandan exhibitors that participated in the Uganda Manufacturers Association (UMA) Trade Fair last week says it reaped big from the Kampala exhibition. Dufatanye is an association that manufactures medicine using natural herbs like Aloe Vera and the Moringa....

Wednesday, October 15, 2008 - 12:00am

Certified public accountants to promote transparency

Rwandan businesses are set to benefit from the recently established Institute of Certified Public Accountants of Rwanda (ICPAR), an official has said. Evelyn Kamagaju, president of interim governing council of the ICPAR said that in the past, the accountancy profession was not formally regulated,...

Tuesday, October 14, 2008 - 12:00am

On-line coffee auctioning to be held after Tokyo coffee event

Ocir-Café, Rwanda’s Coffee Development Authority has pushed the auctioning of some 24 Rwandan coffees which won the prestigious Cup of Excellence (COE) award. The Internet auctioning which was scheduled for October 14, 2008 has been extended to October 23, 2008. Alex Kanyakole, Director General of...

Tuesday, October 14, 2008 - 12:00am

SDV Transami opens Frw1.4 billion inland container depot

SDV Transami, an international freight handling company has opened an Inland Container Depot (ICD) at Magerwa, after sinking $2.6 million (Frw1.4 billion) into the project. Rodolphe Kembukuswa, the Managing Director of SDV Transami Rwanda, said the only private ICD will offer the Rwandan business...

Monday, October 13, 2008 - 12:00am

Transport fares could be hiked despite cut in fuel prices

Users of public transport means may not benefit from government’s reduction of fuel prices with taxi operators planning to ask Rwanda Utilities Regulatory Agency (RURA) to increase transport fares. Col. (rtd) Dodo Twahirwa, the president of the Association for Transport Companies (ATRACO) said, “We...

Monday, October 13, 2008 - 12:00am

Kicukiro to open new communal market

Kicukiro district is set to open a new communal market called Zinnia market, Jean de Dieu Musoni, the district Director of Planning has said. The construction that was co-financed by the district treasury and Community Development Fund (CDF) started four years ago. Musoni explained that it was...

Friday, October 10, 2008 - 12:00am

RBS to harmonise with region’s quality standards

The Rwanda Bureau of Standards (RBS) is to harmonise its quality standards with those of other East African Community (EAC) partner sates by mid 2009. The national body, in charge of all activities regarding the development of standards, quality assurance and metrology has started gathering public...

Friday, October 10, 2008 - 12:00am

Belgian rally ace to invest $100m in Rwandan businesses

Jean Francois Desmare, a Belgian national, has invested (Frw55 million) in an insurance business and a call centre in Rwanda. Desmare who navigates in several rally circuits in Rwanda said that he has intentions to increase investments in ICT and insurances businesses he holds a stake, to more than...

Thursday, October 9, 2008 - 12:00am

Ministry to put efforts in power transmission

After years of concentrating on power generation, government has turned its focus on rolling-out power transmission in a bid to increase connectivity. In an interview with State Minister in charge of Energy, Eng. Albert Butare, said that since 2003 government focused on power generation because...

Thursday, October 9, 2008 - 12:00am

EAC Common Market talks in yet another twist

The East African Community (EAC) Common Market negotiators have failed to agree on unresolved issues from last months’ third round talks in Bujumbura, Burundi. The EAC Common Market protocol negotiations which resumed early this week in Kampala were expected to reach a consensus on issues raised by...

Thursday, October 9, 2008 - 12:00am

Farmers target Frw800m from ornamental trees alone

Target to boost horticulture industry with a 22.8 per cent increase in the industry’s export earning The planting of 40 hectares of ornamental trees have boosted the horticulture industry with farmers envisaging a 22.8 per cent increase in export earning for 2009. The farmers from the country’s...

Wednesday, October 8, 2008 - 12:00am

Harmonisation of regional standards delays hotel grading

The grading of hotels in the country has been delayed by Rwanda’s intention to harmonise with regional standards, Vincent Karega, State Minister of Industry and Investment Promotion has said. All hotels in the country were expected to be graded and classified according to certain parameters...

Tuesday, October 7, 2008 - 12:00am