Crystal Telecom closes shareholder register

Crystal Telecom closed its shareholder register yesterday as the firm prepares to payout its first dividend early next month. The Rwanda Stock Exchange-listed firm announced last month it would pay shareholders a special dividend of Rwf3.75 per share on October 2. The total dividend payout amounts...

Saturday, September 12, 2015, 12:00 AM

EAC tourism stakeholders in renewed drive to market region as a single destination

The East African Tourism Platform (EATP) has pledged to continue marketing the region as a single tourist destination, as well as take a leading role in conservation efforts to create a sustainable tourism industry in the region. EATP comprises of the East African Community (EAC) countries’...

Tuesday, September 8, 2015, 12:00 AM

MTN looks to corporate, SME market segments

MTN Rwanda is looking to provide new digital solutions, like data backup and infrastructure support services, to corporate and small-and-medium enterprises market segments, a move that could ease business operations and boost profitability of the firms, writes Ben Gasore.  “We not only...

Thursday, September 3, 2015, 12:00 AM

Tigo in new push to ease access to internet services across country

Tigo  Rwanda makes five years of operations this year. The telecom firm that has been dominant in the data and mobile money transfer services looks to strengthen its presence going forward. Last month, for instance, it unveiled a new brand tagline: “Live it. Love it”. The telecom...

Tuesday, September 1, 2015, 12:00 AM

KCB Bank half year gross profit increases to Rwf1.3b

KCB Bank Rwanda has recorded a 162 per cent rise in half year pre-tax profit, growing from Rwf503 million in June last year to Rwf1.32 billion. According to a financial statement from the bank, net profit grew from Rwf323 million to Rwf868.7 million during the period, while its total assets grew...

Monday, August 31, 2015, 12:00 AM

I&M Bank half year net profit hits Rwf2.5b

I&M bank Rwanda half year net profit rose 11.5 per cent to Rwf2.5 billion, up from Rwf2.2 billion at the end of the same period last year.  The bank’s operating profit grew to Rwf3.9 billion over the period, from Rwf3.4 billion last year, mainly driven by growth in interest income,...

Thursday, August 27, 2015, 12:00 AM

Local government revenue collection goes online

Rwanda Revenue Authority (RRA) has commissioned a new local government revenue management software that will increase efficiency and effectiveness in collection of decentralised taxes and fees as part of efforts to enhance revenue collections.  Speaking at the launch of the new system in Kigali,...

Thursday, August 27, 2015, 12:00 AM

Crystal Telecom announces Rwf1b special dividend payout

Crystal Telecom has announced a special half year dividend payout for shareholders totaling to Rwf1.02 billion. The company listed on the Rwanda Stock Exchange (RSE) on July 17. According to a statement released yesterday by RSE, Crystal Telecom will pay shareholders a Rwf3.75 dividend per share...

Wednesday, August 26, 2015, 12:00 AM

Govt issues Rwf15b 5-year TB tomorrow

The Rwanda Stock Exchange (RSE) will tomorrow get a shot in the arm, courtesy of five-year Rwf15 billion Treasury bond scheduled to be issued by the National Bank of Rwanda today. This is part of the government’s quarterly bond issuance programe aimed at raising money to fund infrastructure...

Tuesday, August 25, 2015, 12:00 AM

Tigo Cash, Irembo partner to facilitate payments for e-goverment services

Tigo Cash has partnered with Rwanda Online Platform Limited (ROPL) to deliver e-government services payments via the http://www.Irembo.gov.rw portal, the two firms have announced. The Irembo.rw platform is the single “one-stop-shop” for government services application, support and...

Tuesday, August 25, 2015, 12:00 AM

GT Bank returns to profitability

GT Bank Rwanda bounced back to profitability, recording a Rwf383.2 million net profit in the first half of the year, up from a Rwf567 million loss during the same period last year, a financial statement from the lender indicates. The bank also registered an increase in net interest income during...

Thursday, August 20, 2015, 12:00 AM

Yale University professor tips policy makers on poverty eradication

There is need for more initiatives geared at fighting poverty among the masses for the country to achieve its goals under the second Economic Development and Poverty Reduction Strategy (EDPRS II).  According to academics and researchers, government, as well as non-profit organisations and...

Thursday, August 20, 2015, 12:00 AM

Bank of Kigali dominates bourse

Bank of Kigali shares were the most traded on Friday before the Rwanda Stock Exchange (RSE) closed off for a long weekend break. The bourse was closed yesterday as it was a public holiday to mark Assumption Day celebrations. According to Friday’s market report, Bank of Kigali transacted...

Tuesday, August 18, 2015, 12:00 AM

July inflation slows to 2.3%

Rwanda's annual headline inflation slowed to 2.3 per cent last month compared to 2.8 per cent recorded in June due to a slower rise in food and non-alcoholic beverage prices, the National Institute of Statistics of Rwanda (NISR) consumer index report for July indicates. The report noted that food...

Tuesday, August 18, 2015, 12:00 AM

Golden Circle eyes agric, energy sector opportunities

The Golden Circle, a group of investors under the Private Sector Federation (PSF), is looking to tap into the investment opportunities in the key priority sectors of the economy to support government’s push to create 200,000 off-farm jobs per year. The targets of the second Economic...

Tuesday, August 18, 2015, 12:00 AM

Bralirwa seeks to up performance as half year net profit drops 25%

Beverages producer, Bralirwa, is looking to end its poor performance next year when the company completes the last phase of brewery and soft drinks plants upgrading. This follows release of the brewer’s financial statement for the first half of the year indicating a 25 per cent drop in net...

Monday, August 17, 2015, 12:00 AM

Airtel launches new promo amidst tight competition

As competition in the telecom sector continues to intensify by the day, telecommunications companies have devised ways to endear themselves to the masses, launching a number of campaigns targeting customers.  As part of efforts to grow the customer base, Airtel Rwanda has, for instance, unveiled...

Monday, August 17, 2015, 12:00 AM

MTN Rwanda starts cross-border mobile money transfer service

MTN Rwanda mobile money subscribers can now send money to their relatives and business partners on MTN Uganda network, months after the telecom announced plans to start cross-border mobile money transfers.  According to a statement from MTN Rwanda, the service will in the meantime be ‘...

Friday, August 14, 2015, 12:00 AM

VIDEO: MTN Rwanda named best exhibitor as 2015 Expo ends

MTN Rwanda emerged the overall best exhibitor at the just-concluded 2015 international trade fair that was hosted by the Private Sector Federation (PSF). Kenya was recorgnised as the best foreign exhibitor, with Pakistan and Egypt in second and third place, respectively. This year’s expo was the...

Thursday, August 13, 2015, 12:00 AM

Private sector urged to invest in 'emerging' export products

The private sector has been urged to invest more in agriculture to propel the sector forward and help in attainment of the country’s second Economic Development and Poverty Reduction Strategy (EDPRS II) targets.  Tony Nsanganira, the Minister of State for Agriculture, said the private...

Wednesday, August 12, 2015, 12:00 AM