Crystal Telecom lists on local bourse today

Crystal Telecom will list on the Rwanda Stock Exchange today, a day earlier than the scheduled July 17 over uncertainties on whether tomorrow will be Eid-al-Fitr, a Muslim holiday marking end of Ramadhan. “The provisional Crystal Telecom listing date as set out in the company prospectus was...

Thursday, July 16, 2015, 12:00 AM

Social entrepreneurs to bag Rwf28m in Tigo Digital Change-makers contest

Innovative social entrepreneurs who use technology to improve children’s livelihoods stand to win Rwf28 millions in the fourth edition of Tigo Digital Change-makers competition.  The competition is conducted by the telecom firm and Reach for Change, a non-profit organisation. According...

Thursday, July 16, 2015, 12:00 AM

Crystal Telecom shares debut at stock exchange at Rwf145

Crystal Telecom shares recorded their first trade at the Rwanda Stock Exchange (RSE) at Rwf145 each this morning, following its listing at the bourse. The bell signalling the company’s first trading session at the bourse was rang at 9:15 this morning in the presence of Crystal Telecom’...

Thursday, July 16, 2015, 12:00 AM

Crystal Telecom listing tomorrow

Crystal Telecom will list on the Rwanda Stock Exchange tomorrow, a day earlier than the scheduled July 17 will be Eid-al-Fitr, a Muslim holiday marking end of Ramadhan, a statement from the firm indicates. The firm’s shares are expected to start trading at 9am tomorrow at the bourse,...

Wednesday, July 15, 2015, 12:00 AM

Market gears up for Crystal Telecom listing on Friday

The Rwanda Stock Exchange (RSE) will on Friday welcome its third domestic listing, Crystal Telecom, which is expected to start secondary market trading following its successful Initial Public Offering (IPO) last month.  In an interview with Business Times yesterday, Celestin Rwabukumba, the RSE...

Tuesday, July 14, 2015, 12:00 AM

High demand for dollars continues to pile pressure on Rwanda franc

The scarcity of US dollars in the country continues to worry the market, with experts noting that the on-going international challenges will heap more pressure on the Rwandan franc. Last month, the Rwandan franc depreciated by 0.76 per cent against the US dollar with the central bank trading the...

Tuesday, July 14, 2015, 12:00 AM

New 4G Square to boost uptake

A new one-stop centre dubbed the “4G Square” was unveiled at the ground floor of the Grand Pension Plaza in Kigali on Wednesday in a bid to boost uptake of the fourth generation Long Term Evolution (4G LTE) internet service in the country. The facility will provide 4G customer support...

Thursday, July 9, 2015, 12:00 AM

Equity ends months of inactivity

Cross-listed firm, Equity Group Holdings, the holding firm of Equity Bank Rwanda, has ended months of inactivity, trading for the first time since February on Friday. According to Friday’s Rwanda Stock Exchange (RSE) market report, 1,000 shares of the regional financial services firm worth...

Tuesday, July 7, 2015, 12:00 AM

Will growth of mobile money disrupt ATM technology?

Automated Teller Machines (ATMs) have for ages offered debit and credit card holders a convenient way of accessing funds anytime and from any place where there is an ATM.  From a village farmer to traders, academicians and foreign visitors, the cards have always come in handy, offering remarkable...

Tuesday, July 7, 2015, 12:00 AM

Telecoms in rat race for voice market segment

Telecom services provider, Tigo Rwanda looks to be winning over the telecom voice market segment with this year’s first quarter report by the Rwanda Utilities Regulatory Authority (RURA) showing its customers spent more time on calls compared to the other two telecoms operating in Rwanda....

Wednesday, July 1, 2015, 12:00 AM

BK counter sheds Rwf7

Bank of Kigali was the only active counter on the Rwanda Stock Exchange (RSE) yesterday, according to the bourse daily market report. The bank traded 5,000 shares worth Rwf1.5 million in turnover, summing up what pundits say was a slow quarter at the bourse.  The counter shed Rwf1 yesterday...

Tuesday, June 30, 2015, 12:00 AM

Banking industry profits increase by 14% in Q1

The banking sector recorded marginal gains in the first quarter of the year, the National Bank of Rwanda (BNR) quarterly monetary policy and financial stability statement indicates.  John Rwangombwa, the central bank governor, said banks’ profitability as indicated by the return on...

Friday, June 26, 2015, 12:00 AM

MTN Rwanda appoints new chief executive

MTN Rwanda has appointed Gunter Engling the new chief executive officer (CEO). Engling replaces Ebenezer Asante who moves to MTN Ghana as CEO, a statement from the firm indicates.  Engling has been executive for MTN Group finance. He has been with MTN for almost 12 years. He joined MTN Group...

Thursday, June 25, 2015, 12:00 AM

Central bank maintains lending rate at 6.5%

The National Bank of Rwanda (BNR) has maintained its key repo rate at 6.5 per cent in order to continue economic financing. Speaking during BNR’s quarterly monetary policy and financial stability statement, yesterday, central bank governor John Rwangombwa said the accommodative monetary...

Wednesday, June 24, 2015, 12:00 AM

Activity low at local bourse continues

There was low activity at the bourse during the past week, with most of the listed stocks not trading, the Rwanda Stock Exchange (RSE) daily market report indicates. Both Bank of Kigali (BK) and Bralirwa counters were quiet yesterday, capping a week of low turnovers and inactivity. Davis Gathaara...

Tuesday, June 23, 2015, 12:00 AM

Bourse quiet on Monday

The local bourse was quiet yesterday with no counter trading shares. The Rwanda Stock Exchange (RSE) Share Index and All Share Index remained constant compared to Friday, at 222.09 and 135.85 points, respectively.  In the last trading session, the Bank of Kigali counter recorded a total...

Tuesday, June 16, 2015, 12:00 AM

Rwanda franc shed 0.49% against US dollar in May

The Rwandan franc depreciated by 0.49 per cent against the US dollar last month, higher than 0.39 per cent in April, a statement from the National Bank of Rwanda (BNR) indicates. The statement shows that the franc and other regional currencies were volatile during the month because of the...

Tuesday, June 9, 2015, 12:00 AM

Bralirwa shareholders approve Rwf7.5 dividend payout

Shareholders of Rwanda Stock Exchange-listed beverages manufacturer, Bralirwa, have approved a Rwf7.5 dividend payout per share for 2014, unchanged compared to 2013, a statement from the firm indicates.  The shareholders okayed the payout during the annual general meeting on May 27 in Kigali...

Monday, June 8, 2015, 12:00 AM

Tax incentives dominate bankers’ budget wish list

Rwanda and the other East African Community (EAC) member countries - Kenya, Uganda, Tanzania and Burundi – will on June 11 present their 2015/16 financial year budget estimates. Before the D-Day, The New Times will serialise views and budget expectations of various players in the local and...

Friday, June 5, 2015, 12:00 AM

MTN Rwanda implements Rura directive on codes

Following the directive for telecom operators to harmonise service numbers, MTN Rwanda on Friday announced change in codes for the different services required from the operator. MTN Rwanda follows in the footsteps of Airtel Rwanda and Tigo Rwanda in harmoniising the code—both the latter have...

Friday, June 5, 2015, 12:00 AM

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