Sustainable development involves citizens – Kagame

President Paul Kagame has said that sustainable development must result from the involvement of all citizens. Kagame was speaking in Abu Dhabi, UAE, during a Presidential Keynote Interview at the Future Sustainability Summit conducted by British broadcast journalist Nik Gowing where they...

Wednesday, January 15, 2020, 1:51 AM

PHOTOS: King Faisal Hospital to get $20m facelift

• A new wing with 45 outpatient consultation rooms set to be constructed • More medical specialists to be hired • Hospital to set up a research and training centre • A new corporate/VIP section in the pipeline • US$3 million worth of equipment to be purchased...

Wednesday, January 15, 2020, 1:48 AM

French firm behind construction of Kigali golf course dragged to court

A Kigali based businessman is moving to sue a French firm, Gregori International, which is currently involved in the construction of the Kigali Golf Course. Sources told The New Times that Franco Nkumba, is opening charges against the firm over a payment dispute following a disagreement related...

Wednesday, January 15, 2020, 1:38 AM

Govt sells Burera Dairy Ltd to Zimbabwean investor

The government has found a buyer for Burera Dairy Limited which was floated into the market in September last year. The government held 98.03 per cent stake in the firm which was established in 2016 at a cost of Rwf488 million to boost dairy farming in the area. Government stake was last week...

Wednesday, January 15, 2020, 12:00 AM

Kagame in UAE for sustainability summit

President Paul Kagame is in Abu Dhabi, the United Arab Emirates where he is going to take part in the year’s Abu Dhabi Sustainability Week. President Kagame is scheduled to join Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of the Emirate of Abu Dhabi and other world leaders...

Monday, January 13, 2020, 12:00 AM

Rwanda, South Africa ties on the mend, Biruta says

Rwandans will have to wait a little longer before they can access visas to South Africa with the Government promising that outstanding issues are being addressed. During Wednesday’s news conference, Foreign Affairs minister Dr Vincent Biruta said that relations between the two nations were...

Thursday, January 9, 2020, 12:00 AM

Rwandan passport holders’ visa-free access up by 50%

Rwandan passport holders can now access 20 more destinations than they did in 2010, a new study by Henley Passport Index shows. The passport index is a ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa. The index...

Thursday, January 9, 2020, 12:00 AM

Norway offers to take in 500 African refugees from Rwanda

Norway is considering taking in up to 500 African refugees and asylum-seekers from Libya who are currently hosted at an emergency transit centre in Bugesera District, known as Gashora Transit Centre. This was revealed by Foreign Affairs Minister Dr Vincent Biruta at a news conference on...

Thursday, January 9, 2020, 12:00 AM

Long-awaited automation of Umurenge SACCOs kicks off

After what seemed like a futile ambition, the automation of Umurenge Savings and Credit Cooperatives (SACCOs) has finally kicked off. The process which began in 2015 has been characterized by unending challenges and delays from inception to implementation. The Director-General of Rwanda...

Wednesday, January 8, 2020, 12:41 AM

Government returns to capital markets with Rwf15bn Bond

The government, through the Central Bank, has issued 2020’s first Treasury bond, a seven-year Rwf15 billion. Like previous bonds, the National Bank of Rwanda says the bond has been issued for purposes of capital market development. Bids for the new T-Bond will be received beginning...

Wednesday, January 8, 2020, 12:00 AM

Equity Bank acquisition of BPR stalls

The planned acquisition of 62 per cent stake in Banque Populaire du Rwanda Limited (BPR) by Equity Bank Group has stalled. According to a letter by Equity Group’s Chairperson James Mwangi,  the binding term sheet that has been signed for the proposed acquisition of Atlas Mara Group...

Friday, January 3, 2020, 12:26 PM

Former Jumia staff sets up food delivery services

A local food delivery company, Vuba Vuba Africa has set up operations and is set to commence deliveries today. Vuba Vuba Africa could have an edge in the local market owing to the advantage of having on board the experience of Rwandans who have been involved in running the exiting food delivery...

Thursday, January 2, 2020, 12:32 AM

Kagame’s New Year Message: Set your sights on 2050

President Paul Kagame has urged Rwandans to build on the progress of 2019 and set their sights on the country's long term growth strategy, Vision 2050. In his annual televised New Year address, the Head of State called on Rwandans to set their sights beyond 2020 to ambitions set out in...

Wednesday, January 1, 2020, 8:22 AM

Top developments that shaped economy in 2019

In 2019, the Rwandan economic scene was characterised by higher than expected growth, mild inflation for most of the year, as well as increased stability. Below are some of the top economic trends that shaped the year: Faced paced economic growth The economy in 2019 grew beyond the...

Tuesday, December 31, 2019, 12:00 AM

Diaspora demand for better service delivery at embassies

A section of Rwandans in the diaspora have cited challenges in accessing services from embassies and embassy staff. The diaspora community who are in the country on holiday on Tuesday this week met Foreign Affairs Minister and other government agencies over a breakfast interaction. Among the...

Thursday, December 26, 2019, 12:20 AM

How diaspora can be involved in Rwanda’s development

Rwanda’s diaspora is often termed as the country’s sixth province with a critical role in the country’s development. The Ministry of Foreign Affairs on Wednesday took advantage of the opportunity that a number of Rwandans living abroad are home for holidays to reach out to them...

Wednesday, December 25, 2019, 12:00 AM

Rwanda launches drive to connect all households with a smartphone

On Friday evening, a short social media video was posted on the MTN Rwanda Twitter account featuring MTN Rwanda’s Chief Executive Mitwa Ng’ambi pledging 1000 Smart Phones on behalf of her firm and 100 phones in her personal capacity. Thread: end: Let’s #ConnectRwanda @...

Monday, December 23, 2019, 12:22 AM

Why Sonarwa acquisition deal hit a snag

Sonarwa Insurance Ltd, the country’s oldest insurance firm, will not proceed with a plan to be acquired by BK Insurance. The firm’s main shareholders, Rwanda Social Security Board (RSSB), decided not to proceed with the planned acquisition and instead, focus on relevance and impact in...

Thursday, December 19, 2019, 12:05 AM

BK Group’s plans to acquire Sonarwa fail

Shareholders in Rwanda’s oldest insurer, Sonarwa Insurance Ltd, have pulled out of a proposed deal to cede some stake to BK Insurance. Sonarwa’s major shareholders, Rwanda Social Security Board (RSSB), have decided not to proceed with the planned acquisition and instead, focus on...

Wednesday, December 18, 2019, 2:41 PM

Rwanda seeks partnership not dictates – Kagame

Rwanda’s international cooperation efforts seek partnership with the rest of the world for shared gains not pursuing favours as a darling of the world, President Paul Kagame has said. Kagame was speaking in Qatar at the 2019 Doha Forum, a leading thought platform which discusses varied...

Sunday, December 15, 2019, 12:08 AM

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