Will blockchain fix the mineral traceability woes?

The persistent concerns by miners and other players along the mining industry value chain regarding the high costs of implementing mineral traceability could find a solution in blockchain technology. This follows entrance in the local mining industry of Circulor, a British start-up...

Monday, October 22, 2018, 12:37 AM

Kagame reshuffles Cabinet, women take up more slots

HIGHLIGHTS     -  50 percent women -  13/26 -  Youthful ministers join the Cabinet  -  15 percent cut in the size of Cabinet - from 31 to 26  -  Tax body, Pension body, and Police get new leadership  -  Creation of ...

Friday, October 19, 2018, 3:30 AM

BK Group to cross-list by November 30

BK Group PLC has received approval from Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) to issue rights to existing shareholders in the process of cross-listing. This is one of the stages in ongoing efforts to cross-list on Nairobi Securities Exchange which will end by...

Thursday, October 18, 2018, 8:06 PM

High fertility rate undermining gains in poverty reduction

Gains in poverty reduction in Rwanda and the Sub-Saharan Africa in  general are at risk owing to high fertility rates, which are driving population growth, a World Bank study has shown. According to the latest biennial poverty and shared prosperity report themed, ‘Piecing Together...

Wednesday, October 17, 2018, 11:56 PM

Cautious optimism as Europe outlines new approach to Africa

With numerous untapped investment opportunities in Rwanda and the East Africa region and growing interest by multiple external partners, the European Union has expressed intention to deepen their economic and trade relationship with Africa, through investment and job creation. However, given...

Wednesday, October 17, 2018, 12:06 AM

What next for Ubumwe Grande Hotel as shareholder disputes persist?

Ubumwe Grande Hotel could be auctioned or placed under receivership in the coming months on grounds of the unpaid loan owed to KCB Bank Rwanda. So what could be ailing this iconic establishment, which is based in Kigali? According to sources, Ubumwe Grande Hotel is jointly owned by Alykhan...

Sunday, October 14, 2018, 11:15 PM

Who is Mushikiwabo?

Louise Mushikiwabo will serve as the Secretary-General of Organisation Internationale de la Francophonie (OIF) over a four-year term before the next election in 2022. She will be eligible to stand for another term. As the new SG, she will be based in Paris, France where the institution has its...

Friday, October 12, 2018, 1:24 PM

Elle a gagné! Mushikiwabo wins top Francophonie job

Rwanda's Foreign Minister has been unanimously elected the Secretary General of La Francophonie (OIF).  The election took place Friday during the OIF summit in Yerevan the capital of Armenia. Her win follows months on the campaign trail that took her to different countries across the...

Friday, October 12, 2018, 12:16 AM

NIRDA re-launched

Local industrial efforts are set to receive a boost with the re-launch of the National Industrial and Development Agency. The re-launch follows a review of strategy and structure of the agency to align it to government’s framework as well as develop the emerging industrial sector. In the...

Thursday, October 11, 2018, 10:12 PM

What you should know about La Francophonie

With the election of the next Secretary General of the Organisation Internationale de la Francophonie (OIF) due tomorrow and Louise Mushikiwabo’s chances of winning rising, there is growing interest in Rwanda in the body she is likely to head. The Organisation Internationale de la...

Thursday, October 11, 2018, 12:36 PM

La Francophonie Summit opens in Yerevan

Heads of State and Government of Organisation Internationale de la Francophonie (OIF) member countries Thursday began the 17th Francophonie Summit in Yerevan, Armenia. The summit follows a two day meeting of the ministerial council which was preceded by a technical summit. At the summit, the...

Thursday, October 11, 2018, 11:41 AM

Kagame arrives in Armenia for La Francophonie Summit

President Paul Kagame on Wednesday arrived in Armenia where he will take part in the 17 Summit of La Francophonie, a bloc that brings together over 80 French-speaking countries. The Summit has as key on agenda the election of the secretary-general of the multinational body, which is slated...

Thursday, October 11, 2018, 1:12 AM

Mushikiwabo optimistic ahead of Francophonie vote

Foreign Affairs Minister Louise Mushikiwabo is confident of securing the position of Secretary General of Organisation Internationale de la Francophonie (OIF) during this week’s elections after months on the campaign trail. Mushikiwabo is competing against incumbent Michaëlle Jean, a...

Tuesday, October 9, 2018, 12:59 AM

Kigali city seeks to strike balance between need for bustling nightlife and noise pollution restrictions

Is it possible to strike a balance between enforcing restrictions on noise pollution and developing a vibrant nightlife in Kigali? It has been argued that the city’s efforts to become a leading tourist destination could be under threat owing to stringent noise pollution laws and...

Tuesday, October 9, 2018, 12:42 AM

Moving from humanitarian mindset to investment is key, says Kagame

President Paul Kagame has said that the African Union reforms and initiatives are picking up pace and having significant impact towards the transformation of the organisation and the continent. Kagame was speaking at the Mo Ibrahim Foundation Board Meeting in London which was attended by a number...

Monday, October 8, 2018, 1:04 AM

Growth in Sub-Saharan Africa slower than expected ‑ World Bank

Though Sub-SaharanAfrican economies are recovering from the slowdown in 2015-16, growth is slower than expected, according to the latest World Bank report. According to the October 2018 issue of Africa’s Pulse, a bi-annual analysis of the state of African economies, the average growth rate...

Wednesday, October 3, 2018, 8:15 PM

Kagame: Internet access should be matched by safe, fair content

With access to the internet going up across the world, it is necessary to come up with strategies to ensure safe and fair digital content, President Paul Kagame has said. President Kagame, who is the co-chair of Broadband Commission, was yesterday speaking at the Broadband Commission meeting...

Monday, September 24, 2018, 1:32 AM

Rwf39 billion Fund set up to support agri-businesses

Access to capital related challenges faced by local agriculture could ease, albeit marginally, following the launch of a Rwf39 billion Fund by U.S. Agency for International Development’s (USAID). The Fund will be launched on Tuesday this week. The funds will be availed under a five year...

Wednesday, September 19, 2018, 12:29 AM

New $150m Mortgage fund to debut in coming month

The cost of mortgages in the country could drop significantly in coming days as the government increases its intervention in the housing sector. The New Times understands that a $150 million loan from the World Bank Group is set to be approved in about a month’s time with proceeds going...

Thursday, September 13, 2018, 12:14 AM

Why World Ventures was kicked out of Rwanda

World Ventures, a firm which has gained popularity in Rwanda and in the region as an alternative revenue stream and travel opportunity has been declared to possess business practices of a pyramid scheme by Rwanda Development Board. Pyramid schemes are illegal ventures in Rwanda.  With an...

Wednesday, September 12, 2018, 10:35 PM