Gasabo residents urged to safeguard land resources

Rwandans should value the environment through careful use of land resources, Ebenezer Asante, the MTN Rwanda chief executive officer, has urged. Speaking during Saturday’s monthly community work, known as ‘Umuganda’ in Gatunga Cell, Nduba Sector in Gasabo District, Asante advised...

Tuesday, March 31, 2015, 12:00 AM

Airtel to give clients soft loans

A micro-money lending platform whereby subscribers will be able to borrow up to Rwf50,000 payable in two weeks has been launched by telecom services provider, Airtel Rwanda and Atlantis Limited, a micro-finance institution. The service is dubbed ‘Igurize Amafaranga’. Speaking at the...

Tuesday, March 31, 2015, 12:00 AM

EAX supports grain farmers to improve post-harvest handling

Grain farmers working with the East Africa Exchange (EAX) in Kayonza and Musanze districts will now be able to manage quality of their produce, thanks to the mobile cleaning and drying equipment which was installed at EAX warehouses in the two districts last week. According to a statement from the...

Monday, March 30, 2015, 12:00 AM

BNR keeps repo at 6.5 per cent to boost borrowing

The National Bank of Rwanda (BNR) has maintained its key repo rate at 6.5 per cent to encourage more lending to the private sector, while at the same time keeping inflation under control. BNR Governor John Rwangombwa, yesterday, said the central bank opted not to change the rate at which it lends...

Friday, March 27, 2015, 12:00 AM

VIDEO: Govt moves to transform One Laptop programme

The Ministry of Education (Mineduc) has announced plans to upgrade the One Laptop per Child (OLPC) programme to One Digital ID per child, in a bid to help learners easily access lessons, homework, report cards and personal files. This was announced Wednesday as Mineduc entered a partnership with...

Friday, March 27, 2015, 12:00 AM

New software to ease access to MFIs network

Efforts by financial institutions, especially microfinance institutions (MFIs), to improve service delivery could be boosted following the introduction of a new banking software system that supports automation of banking services. Graham Parsonage, the Neptunes Software Limited chief, the app...

Thursday, March 26, 2015, 12:00 AM

Britam's pre-tax profit increases by 19.5%

British-American Investments Company Limited (Britam) has announced a 19.5 per cent growth in pre-tax profit for the year ended December, 2014, a financial statement from the firm indicates. The diversified financial services group, with subsidiaries in Rwanda, South Sudan, Mozambique, Uganda,...

Wednesday, March 25, 2015, 12:00 AM

Bourse share index up by 1.3 points

The Rwanda Stock Exchange (RSE) was largely quiet yesterday with Bank of Kigali as the only active counter. The counter closed at Rwf295, up from Friday’s closing price of Rwf290 per share, yesterday’s RSE daily market report indicates. This was, however, a Rwf1 drop from Rwf296 on...

Tuesday, March 24, 2015, 12:00 AM

Bank of Kigali shares undervalued - report

Bank of Kigali shares are underpriced at the current market price of about Rwf296 a share, according to a new report by Baraka Capital, a local brokerage firm, and Hartland-Peel Africa Equity Research. This revelation comes on the heels of the bank’s financials, indicating an after tax...

Tuesday, March 24, 2015, 12:00 AM

KCB Bank net profit rises to Rwf857.5 million

Kenyan bank subsidiary, KCB Bank Rwanda, recorded Rwf857.5 million net profit last year, a huge increase from Rwf71.1 million in 2013, a financial statement from the lender indicates. The bank’s net interest income grew from Rwf4.4 billion in 2013 to Rwf5.9 billion last year; non-interest...

Tuesday, March 24, 2015, 12:00 AM

RSSB scoops 2014 best service provider award

Rwanda Social Security Board (RSSB) is the best service provider for 2014. The insurance and pensions body also scooped the best insurance services provider accolade during the awards organised by The ServiceMag, a quarterly publication that carries out the annual customer satisfaction survey....

Monday, March 23, 2015, 12:00 AM

How ICT can unlock millions of francs in undervalued property

Many Rwandans and companies use informal land or property brokers when they want to buy land or rent a residential house or office space at favourable rates. However, it is often difficult to work with the commissionaires, as they are commonly known in Rwanda, to establish the true market value of...

Tuesday, March 17, 2015, 12:00 AM

New ICT trainee programme to benefit graduates

Local  graduates stand to benefit from a new Information and Communications Technology (ICT) trainee programme from a pan-African  computer software solutions company known as Twenty Third Century Systems (TTCS), a statement from the firm indicates. The firm seeks to develop the...

Tuesday, March 17, 2015, 12:00 AM

Low activity on the bourse

Activity on bourse was low with only Bank of Kigali counter trading to continue the financial institution’s weekly rally. The bank recorded a total of Rwf1.1 million from 3,600 shares traded in two deals, the Rwanda Stock Exchange (RSE) daily market report for Monday indicates. The counter...

Tuesday, March 17, 2015, 12:00 AM

Regional capital markets regulators to carry out joint inspections

Capital  markets regulators in the East African Community will soon start conducting regular joint inspections on stock brokers and investment banks as part of the efforts aimed at harmonising the regional bourses, Robert Mathu, the executive director of Rwanda’s Capital Markets...

Tuesday, March 17, 2015, 12:00 AM

Procurement experts launch training platform for SMEs

It is always hard for many small-and-medium enterprises (SMEs) to win tenders, mainly due to lack of expertise or failure to understand the bidding technicalities.  However, this could soon be history following the launch of a platform where SMEs and other stakeholders will be trained on...

Thursday, March 12, 2015, 12:00 AM

Weekly turnover drops by 92 per cent

The Rwanda Stock Exchange (RSE) weekly turnover dropped by 92.1 per cent to Rwf23 million traded from 75,600 shares last week compared to Rwf293.4 million traded from 889,200 shares, the previous week, the daily market report from the bourse indicates. There was no or little trading over the past...

Tuesday, March 10, 2015, 12:00 AM

Franc gains ground against US dollar

The Rwanda franc made gains against the US dollar last month, shedding 0.52 per cent during the month compared to the 0.85 per cent decline recorded in January, a statement from the National Bank of Rwanda (BNR) indicates. Despite the positive trend, experts warn that dollarisation of the economy...

Tuesday, March 10, 2015, 12:00 AM

Students urged to invest in shares as Global Money Week is launched

Students and other young people have been urged to develop a savings culture as well as invest in shares of firms listed on the local bourse.  Robert Mathu, the Capital Markets Authority (CMA) executive director, said the youth should take advantage of the stock market to invest in shares, while...

Tuesday, March 10, 2015, 12:00 AM

Cogebanque profit more than double to Rwf3.3 billion

Cogebanque’s pre-tax profit more than doubled last year, increasing by over 105 per cent, from Rwf1.6 billion in 2013 to Rwf3.3 billion. This is the highest growth to be recorded by the lender in 15 years, the bank’s financial statement indicates. The bank’s after tax profit...

Monday, March 9, 2015, 12:00 AM