4G service provider slashes prices by almost 70%

More Rwandans and small businesses will now be able to access high speed internet, commonly known as Fourth Generation Long Term Evolution or 4G LTE, after one of the vendors slashed prices by almost 70 per cent.  Retail internet services provider, ISPA, and wholesaler, Olleh Rwanda Networks...

Friday, February 13, 2015, 12:00 AM

Equity Group listed on Rwanda Stock Exchange

Equity Group Holdings, a Kenyan banking firm, has cross-listed on the Rwanda Stock Exchange, becoming the sixth company to list on the local securities market and fourth firm to cross-list at the exchange. The regional financial services firm, with banking interests in Rwanda, Uganda, South Sudan...

Friday, February 13, 2015, 12:00 AM

Rwanda private sector to benefit from Rwf128b EIB, PTA Bank credit facility

Rwanda’s private sector is set to benefit from a new €160 million (about Rwf128.4 billion) credit facility from the European Investment Bank (EIB), Europe’s long-term lending institution, and regional development bank, PTA Bank. The EIB will provide €80 million loan for the...

Thursday, February 12, 2015, 12:00 AM

Bugesera steel company gets Rwf8.6b KCB Bank funding

Imana Steel Rwanda, a steel manufacturing facility in Bugesera District, Eastern Province, is set to start production this year after it secured a $12 million (Rwf8.64 billion) loan from KCB Bank Rwanda to finance the project.  While unveiling the credit facility in Kigali, Maurice Toroitich...

Thursday, February 12, 2015, 12:00 AM

Rwf6bn credit line to benefit maize and soya farmers

Eleven maize and soya beans farmers’ cooperatives in Eastern Province are set to benefit from a $9.2 million (about Rwf6.4 billion) lending programme jointly rolled out by International Finance Corporation (IFC), Global Agriculture and Food Security Programme, (GAFSP) and KCB Bank Rwanda yesterday...

Thursday, February 12, 2015, 12:00 AM

4G-service provider slashes prices by almost 70 per cent

Rwandans will now be able to access affordable high speed internet, commonly known as Fourth Generation Long Term Evolution or 4G LTE, after a local vendor slashed prices by almost 70 per cent. Retail Internet services provider, ISPA, and wholesaler, Olleh Rwanda Networks (ORN)...

Thursday, February 12, 2015, 12:00 AM

Youth win RWf27.6m in Tigo contest

Two young social entrepreneurs, Yves Iradukunda and Dominique Uwase Alonga, have emerged winners of this year’s Tigo Reach for Change competition that comes with a Rwf27.6 million financing package. The Tigo Reach for Change award supports projects that promote children’s welfare. It...

Wednesday, February 11, 2015, 12:00 AM

Young entrepreneurs challenged

Young innovators and entrepreneurs should work with passion and professionalism while developing solutions for challenges the country faces, Kigali Global Shapers (KGS) hub, a group that gives youth a platform to inspire innovation, said in a statement. KGS hub will host young innovators this...

Wednesday, February 11, 2015, 12:00 AM

Businesses have to wait longer as water rationing runs for two years

Olivier turns on his water tap at home only for a hissing sound to come, a familiar sign that his water tap is still ‘dry’. The resident of ‘Kwa Mushimire” in Kimironko closes the tap, looks at the sky thoughtfully and takes his water container as he tries to figure out where he could go to fetch...

Tuesday, February 10, 2015, 12:00 AM

Bourse turnover at Rwf123m

The Bank of Kigali counter was the most active counter at the local bourse yesterday, the Rwanda Stock Exchange (RSE) Monday market report shows. Trading at the bourse resumed last Tuesday as Monday was a public holiday to commemorate the national heroes’ day. No trading was registered last...

Tuesday, February 10, 2015, 12:00 AM

Crown Paints to set up Rwf2b factory in Rwanda

Crown Paints, a Kenyan paint maker, will set up a paint factory in Rwanda within the next three years, Rakesh Rao, the group chief executive officer, has said. The firm set up shop in Rwanda six months ago. The firm has so far invested $1 million (Rwf715 million) in Rwanda. Rao said the company...

Tuesday, February 10, 2015, 12:00 AM

Bralirwa unveils new beer brand

Legend is a stout beer. Bralirwa has unveiled a new beer brand, Legend, a stout beer. The leading local brewer, lost rights to produce and distribute Guinness, a brand of stout beer, after its contract with East African Breweries Ltd (EABL) expired in 2013.  Speaking during the launch of the...

Tuesday, February 10, 2015, 12:00 AM

More exports and import substitution initiatives required to cushion the franc - KCB Rwanda chief

The Rwandan franc has continued to depreciate against the US dollar despite expectations by the central bank that the local unit would recover some ground last month. The franc has so far depreciated by 0.85 per cent against the US dollar last month, according to January figures from the National...

Monday, February 9, 2015, 12:00 AM

RRA bullish about targets despite hurdles

Rwanda Revenue Authority (RRA) says it’s on course to collect Rwf906.8 billion needed to finance 52 per cent of current National Budget of Rwf1.75 trillion, despite some challenges that are undermining domestic tax revenue. The tax body collected Rwf411.5 billion during the first semester (...

Friday, February 6, 2015, 12:00 AM

Conferences and events to drive tourism sector growth, says RDB

The Meetings, Incentives, Conferences/Conventions, Events/Exhibitions (Mice) sub-sector is projected to the drive growth of the tourism industry this year, riding on the back of gains made last year, according to the Rwanda Development Board (RDB). Faustin Karasira, the acting head of the tourism...

Thursday, February 5, 2015, 12:00 AM

Bourse quiet on Tuesday

No shares exchanged hands yesterday at Rwanda Stock Exchange despite many offers on the table, Tuesday’s market report indicates. Bank of Kigali had 144,100 shares at between Rwf292 and Rwf300, but there were no buyers. On the Bralirwa counter, there were offers of 128,400 shares at between...

Wednesday, February 4, 2015, 12:00 AM

WASAC turns to e-payment to improve revenue collection

The Water and Sanitation Corporation (WASAC) has turned to electronic payment systems, like mobile money, Internet and mobile banking, to improve revenue collection from water consumers. This comes after the body has been facing shortfalls in water revenue collections, collecting about Rwf12...

Wednesday, February 4, 2015, 12:00 AM

Share index down by 3.13 points

TheBank of Kigali and Bralirwa counters were down over the course of last week because of low demand for the companies’ shares, the Rwanda Stock Exchange (RSE) market report for Friday indicates. The bourse was closed yesterday because it was a public holiday. Bank of Kigali had opened the...

Tuesday, February 3, 2015, 12:00 AM

PwC business school to support govt efforts on capacity building

PricewaterhouseCoopers (PwC), a professional services firm, will next month launch a business school, a move  aimed at supporting government’s efforts to building the capacity of Rwandans in the private and public sectors to deliver the country’s development agenda, the firm said...

Tuesday, February 3, 2015, 12:00 AM

Central bank approvals delay crossborder mobile money service

When telecommunications companies MTN and Airtel Rwanda announced they were going to start cross-border mobile money transfers between the Northern Corridor states in November last year, subscribers were excited at the prospect. This would make it easier for citizens in Rwanda, Uganda and Kenya...

Tuesday, February 3, 2015, 12:00 AM