Mauritian firm enters Kigali International Finance Centre

A Mauritian Corporate Service Provider, Juris Tax is the latest entrant into the Kigali International Finance Centre. Kigali International Finance Centre (KIFC), is an initiative that seeks to position Rwanda as a business and financial hub in Africa, as well as reforming the financial...

Sunday, September 20, 2020, 6:08 PM

Regional Heads of State Summit to be held virtually

Heads of State from Angola, Burundi, DR Congo, Rwanda and Uganda will in coming days hold a summit virtually, officials with insight to the matter say. The meeting which was convened by the DR Congo President Félix Tshisekedi was initially planned to be held in the border town of Goma and...

Sunday, September 20, 2020, 2:58 PM

Rwanda’s affordable energy ambitions get $150m boost

Rwanda’s quest to avail affordable energy to the population got a boost this week following, the approval by the World Bank Group of $150m (approximately Rwf142bn) to finance energy access for households, enterprises and public institutions in Rwanda. Half of the allocated funds will be...

Saturday, September 19, 2020, 9:00 AM

Digital tools to drive social-economic recovery post-Covid, Kagame

Digital tools will speed up the world’s recovery from the effects of the Covid-19 pandemic as well as serve to catch up with the Sustainable Development Goals, President Paul Kagame has said. President Kagame was speaking at the Broadband Commission for Sustainable Development. ...

Friday, September 18, 2020, 11:00 PM

Over 200 SMEs to receive grants from I&M Bank

Over 200 Rwandan Small and Medium Enterprises are set to receive grants from  I&M Bank (Rwanda) Plc in the coming days following an agreement between the lender and Investing for Employment (IFE), a subsidiary of the German Development Bank. The project aims at supporting the...

Thursday, September 17, 2020, 6:58 PM

Bank of Kigali to disburse Frw5.8bn in grants to SMEs

Are you a Small and Medium Enterprise in Rwanda with an account at Bank of Kigali and struggling to maintain jobs? SMEs with accounts at Bank of Kigali are eligible to apply for a grant to support the perseveration of employment and jobs following a partnership between the institution and...

Thursday, September 17, 2020, 6:52 PM

Why Rwanda has changed the policy on privatisation

Over the years, the government of Rwanda has reiterated its intentions to divest from business operations especially in sectors where private sector entities have demonstrated efficient management and competitiveness. However, since the beginning of privatisation in 1996, the process has not...

Thursday, September 17, 2020, 12:00 AM

How BPR Hafi Agency model is increasing access to banking services

In an attempt to bring services closer to clients, Banque Populaire du Rwanda Plc (BPR Plc) embarked on a transformational digital drive that saw the rollout of Agency Banking operations dubbed BPR HAFI Agents across the country in December 2019. Agency banking is a model of availing a range of...

Tuesday, September 15, 2020, 11:56 PM

We want to attract Rwandan medics from abroad – new King Faisal CEO

King Faisal Hospital in August 2020 announced the appointment of a new CEO, Prof. Miliard Derbew. Derbew is an Ethiopian national with over 40 years of experience in the health sector in different capacities. As he takes over the country’s biggest referral hospital, there is a...

Monday, September 14, 2020, 8:23 AM

Local banks cut back on ATMs in favour of agency banking

Rwandan banks are reducing the number of ATMs across the country with some opting to roll out agency banking instead. According to the latest statistics from the Central Bank’s Monetary Policy and Financial Stability Statement, banks are reducing the number of ATMs and instead increasing...

Friday, September 11, 2020, 12:00 AM

FEATURED: Equity Group wins coveted Oslo Business for Peace Award

James Mwangi, Group Managing Director and CEO of Equity Group Holdings Plc and Executive Chairman Equity Group Foundation, has been awarded honoured with the prestigious 2020 Oslo Business for Peace Award which is also described as the “Nobel Prize for Business.” Honourees are chosen...

Thursday, September 10, 2020, 10:28 AM

Corporate Moves: Rwandan woman, 35, to run Singita Rwanda’s operations

Luxury tourism brand, Singita has become the first five star rated facility to hire a Rwandan lady as General Manager. The facility recently promoted Lydia Nzayo to the position of General Manager at Singita Volcanoes National Park. Nzayo has been serving as the Assistant GM since January...

Tuesday, September 8, 2020, 12:00 AM

Cybersecurity: Majority of Rwandan SMEs vulnerable

A large majority of Rwandan Small and Medium Enterprises have been found to have major vulnerabilities in cybersecurity according to a recently conducted study ‘National Cyber Security Profile of Rwanda’. The study by SySec Ltd the UK based Cyber Security and Threat Intelligence firm...

Monday, September 7, 2020, 9:00 AM

Kagame promises solution to excessive force by police

President Paul Kagame has promised a permanent solution to concerns on excessive use by some police officers in the line of duty. Kagame made the remarks while addressing a press conference on Sunday 6th September. Responding to a question on the subject, the President said that he had been...

Sunday, September 6, 2020, 8:19 PM

Busingye condemns excessive use of force by some police officers, promises justice

The Minister of Justice Johnston Busingye has condemned the use of excessive and at times deadly force by some police personnel while on duty, saying this is not part of the operational guidelines of Rwanda National Police. This follows isolated incidents wherein enforcing the law, some officers...

Saturday, September 5, 2020, 2:53 PM

FEATURED: BPR honours Connect Rwanda pledge

Banque Populaire du Rwanda Plc (BPR Plc) has honoured their Connect Rwanda Campaign pledge of 1000 phones. The bank on Friday morning delivered 1000 phones pledged last year as part of the Connect Rwanda Campaign. BPR was among the first local companies to pledge to the campaign. Connect...

Friday, September 4, 2020, 4:38 PM

Funding opportunity for Rwandan creative industry players

Players in the Rwandan creative industry have been invited to apply for the East Africa Creative Business Fund, a facility providing financing to the sector. Heva Fund is a programme for regional creative economy which operates in the Eastern Africa region with continental and international...

Thursday, September 3, 2020, 7:08 PM

Bralirwa beer sales rise as soft drinks drop

Local brewer Bralirwa has reported a growth in beer sales in the first half of 2020 despite the Covid-19 pandemic that has slowed business activity across other sectors of the economy. According to the firm’s financials, sales volumes in the first half of 2020 rose by 3.8 per cent to 674,...

Wednesday, September 2, 2020, 9:28 PM

World Bank Rwanda gets new Country Manager

World Bank Rwanda has a new Country Manager, Rolande Pryce who replaces Yasser El Gammal who served in the same position since February 2016. Pryce, a Jamaican national, has experience working for the bank since 2006 representing the Bank in operations in Latin America and the Caribbean as well...

Wednesday, September 2, 2020, 12:26 PM

BK Group registers Rwf16.1bn profit in first half of 2020

BK Group has registered an after-tax profit of Rwf16.1 billion in the first half of 2020 an increase of 10.6 per cent growth compared to Rwf14.6 billion in the same period last year The growth was despite the turbulence currently being experienced in the local, regional and global economy as a...

Wednesday, September 2, 2020, 12:01 AM

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