Business

Rwandair beats IATA e-ticketing deadline

Rwandair Express has ceased using paper tickets. The national carrier has switched to electronic ticketing beating the International Air Transport Association June 1 deadline.Jimray Steven Nangawe, Head of Revenue Department Rwandair describes the shifting to e-ticketing as impressive. “Rwandair is...

Thursday, June 5, 2008 - 12:00am

Does customer service suck?

Rwanda is a social place. In some ways it’s a socialist place, and one of those ways is the employment policy at restaurants and hotels city-wide. Right now I am writing from a table at the café at Chez Lando. There must be, --and let me count to make sure—10 waiters in uniform and, let me count...

Tuesday, June 3, 2008 - 12:00am

BNR offers Frw255m for women loans

National Women’s Council has urged women to start acquiring loans like their male counterparts if they are to come out of poverty. The president of the National Women’s Council, Oda Gasinzigwa said National Bank of Rwanda (BNR) has a Frw255 million guarantee fund to help women engage in paying...

Tuesday, June 3, 2008 - 12:00am

Rwanda bourse attracts more investors

Capital Markets Advisory Council (CMAC) is upbeat as more Rwandans start gaining confidence in trading at the Rwanda Over The Counter Market. Céléstine Rwabukumba, the operational manager at CMAC said so far 36 transactions worth Frw128 million in bonds have been traded. He attributes the active...

Tuesday, June 3, 2008 - 12:00am

Grow mushrooms—Chinese expert

A Chinese agronomist is encouraging households in the country to grow mushroom to fight poverty and bolster food production. Lin Zhansen, an agronomist at Kabuye describes the mushrooms as a better crop suitable for Rwanda. They can grow on poor soils and produce high yields. It is estimated that...

Tuesday, June 3, 2008 - 12:00am

BRD records Frw744m profits as bank increases equity investment

Development Bank of Rwandan (BRD) has registered Frw744 million in net profits, the bank’s ordinary general assemble was told. Henry Gaperi, the Bank’s Chairman Board of Directors, said the profits represent 19 per cent increase from Frw596 million recorded in 2006. The performance is largely...

Tuesday, June 3, 2008 - 12:00am

Stockbrokers boost Rwanda capital market

Stockbrokers have boosted the Rwanda Over The Counter Market by mobilising 33 transactions worth Frw280 million, a sign the market is picking up, a financial expert has said. The remarks come shortly after some prospective investors asked the Capital Markets Advisory Council whether stockbrokers...

Friday, May 30, 2008 - 12:00am

Rwandair to lease Boeing 737

Rwandair Express, a national carrier may not have its own aircraft soon. Management has decided to lease a new Boeing 737. The emergency move is to help the airlines’ passengers plying the Johannesburg-Nairobi- Bujumbura and Entebbe routes. “Buying an aircraft is a very complicated process. It...

Friday, May 30, 2008 - 12:00am

RRA trained on procurement

Senior Commissioners in Rwanda Revenue Authority (RRA) have been urged to adhere to procurement laws. The law requires the tendering process to be very transparent, officials from Rwanda Public Procure Authority (RPPA) said. They were conducting a one-day training of RRA staff at Hotel Mille...

Thursday, May 29, 2008 - 12:00am

Invest in horticulture–private sector asked

Production of horticultural products for the international market is still low, Peter Muvara, the chairman of the national horticulture taskforce said. He is therefore advising investors to exploit the sector saying it’s still virgin and has great potential. Muvara cited that Holland wants 100...

Thursday, May 29, 2008 - 12:00am

Hybrid cattle boost milk production in Eastern

Milk production in Eastern Province has increased from 21,000 litres daily (21 tonnes) in 2003 to 44,000 litres (44 tonnes) this year. The districts rears hybrid cattle that produce more milk compared to the local ones. Augustine Katabarwa, chairman of Umutara Dairy Marketing Cooperative Union...

Wednesday, May 28, 2008 - 12:00am

Rwanda-Burundi road to cost $355m

About $355m (Frw191,629 billion) will be spent on the road connecting Rwanda to Burundi. The move is to facilitate the movement of people and goods between the two sister countries. The stretch that starts from Ruhwa goes through Ntendezi, Kibuye and Gisenyi. According to a plan from Ministry of...

Wednesday, May 28, 2008 - 12:00am

Rwanda investors against stockbrokers

Rwandans want direct access to the capital market saying stockbrokers charge high commission and sometimes cause financial losses to their clients. “If I want to buy shares from Sonarwa why can’t I go to Sonarwa and carry out the transaction directly or come on Rwanda OTC and purchase listed...

Tuesday, May 27, 2008 - 12:00am

Taxes hurting business

Managing Director of Rwanda Motors, Hugues Lefebvre, said high taxes are hurting vehicle business. “We pay 100 per cent before servicing the vehicle,” he said. But Rwanda Revenue Authority (RRA) says the taxes are competitive, low in the region and have been reducing over years. Mary Baine, the...

Tuesday, May 27, 2008 - 12:00am

Central bank advises MFIs to join private sector federation

The National Bank of Rwanda (BNR) has urged all Microfinance Institutions (MFIs) in the country to join the Financial Institutes Chamber (FIC). The chamber is an advocacy body for financial institutions in the country. It exists under the Private Sector Federation (PSF). François Kanimba, the...

Monday, May 26, 2008 - 12:00am

20 Ugandan companies for EAC investment conference

At least 50 Ugandan companies are expected to attend a three-day East African Investment Conference from 26th to 28th June in Kigali, Uganda Investment Authority (UIA) says. So far 20 Ugandan companies had confirmed their participation and are expected to register, a UIA official said. The Uganda...

Friday, May 23, 2008 - 12:00am

Rwanda: No fraud in Safaricom IPO

Safaricom share offer in Rwanda has not been hit by counterfeit cheques, a brokerage firm handling the business in Rwanda said. Simon Karenzi, Chief Executive Officer of Dyer and Blair Securities Rwanda, a subsidiary of Dyer and Blair Investment Bank said fraud cases have not been discovered...

Friday, May 23, 2008 - 12:00am

Rwanda Revenue Authority to re-brand identity

Rwanda Revenue Authority (RRA) will re-brand its corporate identity on May 30th at Jali Club gardens in Kigali City. Mary Baine, Commissioner General RRA recently described the nw logo as a lot easier to identify with. She further said that the re-brand is part of the tax body’s modernisation plan...

Wednesday, May 21, 2008 - 12:00am

Rwanda ready for free trade – Karega

State minister for industry and investment promotion, Vincent Karega has said government is positioning Rwanda to embrace free trade ahead of the signing of the final Economic Partnership Agreement (EPA) with the uropean Union (EU). "We are now trying to industrialise our economy and develop trade...

Wednesday, May 21, 2008 - 12:00am

Pan-African Parliament views on Africa’s food crisis

There is a need for African governments to come up with sound agricultural policies to address the food crisis in Africa. This was the general commentary made by Parliamentarians at the ninth ordinary session of Pan African parliament in Midrand, South Africa, during a debate on the food crisis in...

Tuesday, May 20, 2008 - 12:00am

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