Business

Global oil prices drop

Oil market has been closely watching the trade dispute between the United States and China, the extent of the potential sanctions on Iran and the supply status of Libya for the week ending July 13. Especially, the market weighed concerns over resurgent Libyan supply. Oil prices fell sharply on...

Monday, July 16, 2018 - 11:02am

Liquid Telecom sign MoU for fibre network from Cape Town to Cairo

Liquid Telecom, the leading pan-African telecoms group, and Telecom Egypt (TE) announced at the 2018 annual meetings of the African Export-Import Bank (Afreximbank) the signing of a memorandum of understanding (MoU) that will enable Liquid Telecom to soon complete Africa’s terrestrial fibre...

Monday, July 16, 2018 - 12:34am

Final pitching for mobile money hackathon kicks off today

Top software developers, most of them based in Rwanda, will today (Sunday) pitch their mobile money solutions, culminating into the closure of the fourth edition of GSMA Mobile Money Hackathon. The hackathon is a two-day coding challenge organised by GSMA, a global association of telecom...

Sunday, July 15, 2018 - 12:06am

The struggles of achieving a work-life balance

Juggling a successful career at the same time maintaining a healthy social life among other demands of life can sometimes be stressful. A recent report ‘It’s time we all work happy: the secrets of the happiest companies and employees’ released by Robert Half, a human...

Saturday, July 14, 2018 - 11:36pm

Lake Kivu becomes major transport hub

Workers at this shipyard in Goma, Democratic Republic of Congo are putting the finishing touches to a newly constructed boat that will sail one of Africa’s Great Lakes – Lake Kivu. The 58 meter-long boat is the 13th from a series of locally assembled boats named Emmanuel, by its makers...

Friday, July 13, 2018 - 8:10pm

Chinese imports to U.S. ports peaking amid tariff threat

Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc and Amazon.com face...

Friday, July 13, 2018 - 8:06pm

President Ramaphosa rallies support for CFTA implementation

South African President Cyril Ramaphosa has called on countries to speedily ratify and implement the African Continental Free Trade Area (AfCFTA) saying it would provide the integrated and diversified markets that will unlock Africa’s full productive capacity. In a keynote address on the...

Friday, July 13, 2018 - 8:00pm

Nigeria to sign up to Africa Free Trade Pact

President Muhammadu Buhari of Nigeria has revealed his country will soon sign up to the African Continental Free Trade Area (AfCTA). So far, 49 countries in Africa have put pen to paper on the agreement. Buhari made the announcement during a press conference alongside South African President...

Thursday, July 12, 2018 - 11:23pm

East Africa tops continent in economic growth, says AU commission

East Africa has enjoyed stronger and more resilient economic growth than the other regions in Africa, at over 4 per cent per year since 1990, a new report shows. A new joint report by the African Union Commission (AUC) and Organisation for Economic Co-operation and Development (OECD) shows that...

Thursday, July 12, 2018 - 11:20pm

China to hit back after U.S. proposes fresh tariffs on $200B in goods

China to hit back after U.S. proposes fresh tariffs on $200B in goods China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. China’s...

Wednesday, July 11, 2018 - 11:29pm

COMESA officials meet ahead of Heads of State Summit

Common Market for Eastern and Southern Africa (COMESA) technical officials are currently meeting in Lusaka, Zambia ahead of the bloc’s 20th Heads of State Summit next week. The meeting which opened on Tuesday this week is being attended by 17 of the 19 COMESA states. The three-day 38th...

Wednesday, July 11, 2018 - 9:33pm

ITC launches portal to avail prices of agricultural products

The International Trade Centre (ITC) yesterday launched a market price information portal, an online database that will provide access to live updates and prices for more than 100 agriculture products. The portal aims at improving transparency in trade and help improve the decision-making...

Wednesday, July 11, 2018 - 10:02am

Hafez Ghanem takes over as World Bank’s Vice President for Africa

The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1st 2018. A development expert with over 30 years of experience, Ghanem will lead anactive regional portfolio consisting of over 600 projects totalling more than $71 billion. Under Ghanem...

Wednesday, July 11, 2018 - 9:12am

Kenya’s Central Bank approves Kayoboke’s appointment at Equity Group

The Kenyan Central Bank has approved the appointment of Julius Kayoboke as the Group Director, Customer Experience and Project Management at Equity Group Holdings Limited. Kayoboke was previously the Marketing Director at Bralirwa a subsidiary of Heinekein Group. He had worked with the group since...

Tuesday, July 10, 2018 - 5:47pm

CBA Bank Rwanda gets new CEO

Lina Higiro has been appointed as the Managing Director of Commercial Bank of Africa, Rwanda. The position is currently held by Edigold Monday and is subject to the Central Bank’s approval. Higiro was previously the Chief Operating Officer of AB Bank overseeing business development, digital...

Tuesday, July 10, 2018 - 10:50am

Entrepreneur explains how to start an enterprise with Rwf61000 capital

Henry Carl Nsabyumukiza is the founder of G5 Skyway Growth Limited Company based in Kacyiru, which is involved in the production of instant coffee. The firm which started small in 2015. As a jobless young man, he found an opportunity by supplying coffee beans to firms after purchasing from small...

Tuesday, July 10, 2018 - 10:00am

Meet the university student producing wine from carrots

When Marc Niyigeza, a student at the Independent Institute of Lay Adventist of Kigali (INILAK) observed that carrots harvest time was characterised by increased supply into the market and most produce rotting away, he thought of a way to invest in value addition. The 30-year-old student from...

Tuesday, July 10, 2018 - 9:42am

How Western Province coffee farmers plan on recovering from Rwf100 million loss

Over 1,000 members of Kopakaki-Dutegure Cooperative in Karongi District are counting a loss of about Rwf100 million after the recent floods destroyed coffee plantations as well as harvest. The farmers shared their current challenges with Business Times during a recent agricultural exhibition in...

Monday, July 9, 2018 - 11:08pm

AfDB ranked 4th best company to work for in Africa

The 2018 Careers in Africa Employer of Choice Survey has ranked the African Development Bank the fourth best company to work with in Africa. Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank. Over 20,000 African professionals...

Monday, July 9, 2018 - 10:14pm

Mark Zuckerberg now world’s third richest

Facebook Inc. co-founded, Mark Zuckerberg has overtaken Warren Buffett as the world’s third richest person further solidifying technology as the most robust creator of wealth. According to the Bloomberg Billionaires Index, Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and...

Monday, July 9, 2018 - 10:11pm