Bralirwa registers Rwf 2.1bn profit in first half of 2018

Leading brewer, Bralirwa Plc has registered a profit of Rwf2.1b in the first half of 2018.   The profits stem from revenues of Rwf45.4b in the first half of 2018 which is a 9.7 per cent improvement compared to Rwf 41.3b from the first half of 2017, it said in a statement.   The firm,...

Monday, August 13, 2018, 10:40 PM

Rwanda’s economy earns Standard & Poor’s positive outlook status

Standard and Poor’s (S&P), a corporate and sovereign rating agency, has revised Rwanda’s outlook to positive from stable and maintained the rating at “B/B” for long and short-term. The rating, by the American independent credit rating agency, was released on Friday....

Monday, August 13, 2018, 10:37 PM

Insurance sector harmonises motor vehicle insurance certificates

Local insurers will, beginning September, adopt harmonised motor insurance certificates which will replace certificates issued by individual firms. The move by Rwanda Insurance Association is aimed at bringing uniformity of proof of Motor Third-Party Insurance across the insurance market....

Friday, August 10, 2018, 12:55 AM

Shell, BP move to acquire two petroleum firms in Rwanda

Two renowned global oil and gas firms, Shell and BP Plc, are in the process of acquiring leading petroleum dealers in Rwanda in two separate deals.  The firms are set to join a market, which currently has about 20 active players by acquiring existing operators. Royal Dutch Shell, through its...

Wednesday, August 8, 2018, 12:37 AM

Africa needs the right mindsets, rather than more funding – Kagame

President Paul Kagame has called on African countries to address rising illicit financial flows, tax evasion and misallocation of Africa’s resources. He observed that by taking action, Africa will enable the continent to finance its own development. President Kagame was speaking at the...

Friday, August 3, 2018, 12:55 AM

Hotels face stiff competition from Airbnb

Airbnb, an international marketplace for rental accommodation, is fast growing in popularity in comparison to the traditional hotels model. The platform allows ordinary people to rent out extra space in their homes to visitors and tourists. The platform is growing in popularity in Rwanda...

Wednesday, August 1, 2018, 11:29 PM

Seven former heads of state convene in Kigali

Seven former African heads of state and other eminent persons are set to meet at a two-day meeting in Kigali which will, among other things, discuss the continent’s financing for sustainable development. The summit, dubbed African Leadership Forum (ALF), opens tomorrow and will be...

Wednesday, August 1, 2018, 1:54 AM

Africa, BRICS share common interests – Kagame

President Paul Kagame has said that Africa’s improved cooperation with BRICS member countries will have long-term benefits for all partners involved as the countries share common interests. Kagame was speaking at the BRICS Africa Outreach Session at Sandton International Convention Centre in...

Saturday, July 28, 2018, 1:08 AM

Venture capital firm debuts on Rwandan market

A venture capital firm has entered the Rwandan market seeking investable enterprises to inject capital into. Venture capital is financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from...

Friday, July 27, 2018, 12:48 AM

Kagame holds talks with Japanese investors

President Paul Kagame yesterday hosted a delegation of top Japanese business leaders who were in Rwanda to explore trade and investment opportunities in the country. The delegation, made up of 57 officials, represents the public and private sectors. Twenty-eight Japanese firms are represented in...

Thursday, July 26, 2018, 12:55 AM

Kagame, Modi challenge private sector to make most of warm ties

President Paul Kagame and Indian Prime Minister Narendra Modi have challenged the private sectors of the two countries to make the most of the ties between the countries. The two leaders were speaking at the Rwanda-India Business Forum, yesterday, which convened business community from the two...

Wednesday, July 25, 2018, 1:57 AM

Andela to open Pan-African technology hub in Kigali

Emerging software developers in Rwanda will in the coming weeks have an opportunity to work for global tech giants such as IBM, MasterCard and Github, among others, courtesy of Andela, a technology training and job placement firm. Andela yesterday signed an agreement with the government to...

Wednesday, July 25, 2018, 1:48 AM

Rwanda, China reaffirm cooperation

President Paul Kagame and Chinese President Xi Jinping have said cooperation between the two countries is set to improve going forward building on the 15 bilateral agreements the two countries signed. The two Heads of State made the remarks while addressing a joint new conference shortly after...

Tuesday, July 24, 2018, 1:43 AM

Rwanda, India sign seven bilateral pacts

Rwanda and India have signed seven bilateral pacts to further boost existing cooperation. President Paul Kagame and Indian Prime Minister Narendra Modi witnessed the signing of the agreements at Village Urugwiro yesterday evening. Modi is in the country on a two-day state visit which began...

Tuesday, July 24, 2018, 1:37 AM

Xi arrives as Rwanda, China seek stronger ties

President Xi Jinping and First Lady Peng Liyuan of China arrived in Rwanda yesterday evening at 8:30 p.m to begin a two-day state visit. The visiting president was received by his Rwandan counterpart, President Paul Kagame, and First Lady Jeannette Kagame accompanied by top government officials....

Monday, July 23, 2018, 4:02 AM

Rwanda joins Pan-African infrastructure platform

Rwanda has officially joined Africa50, a Pan-African infrastructure platform that was created to bridge the infrastructure gap. The platform seeks to develop and invest in bankable projects, catalysing public sector capital, and mobilising private sector funding. Finance ministry’s...

Monday, July 23, 2018, 1:47 AM

How Andela-Govt partnership could transform local tech scene

Emerging professionals on the local software development scene could soon debut on the international market following the entrance of Andela, a technology training and job placement firm. The firm is set to sign an agreement with the Rwanda Development Board (RDB) on Tuesday this week on the...

Monday, July 23, 2018, 1:33 AM

Rwanda, Mozambique sign five bilateral pacts

Rwanda and Mozambique yesterday signed five bilateral pacts in a bid to strengthen ties and partnership. The pacts were signed on the second day of the state visit by Mozambican President Filipe Nyusi. The five pacts include a Memorandum of Understanding (MoU) on the establishment of a Joint...

Saturday, July 21, 2018, 2:25 AM

President Nyusi clarifies fate of Rwandans in Mozambique

Visiting Mozambican President Filipe Nyusi has pledged support to Rwandans living in Mozambique in various capacities. There are an estimated 4000 Rwandans living in the Southern Africa country with some of them having sought refuge in the country during the pre-genocide era. Countries invoked...

Friday, July 20, 2018, 2:55 PM

Mozambican President begins three-day state visit to Rwanda

The President of Mozambique, Filipe Nyusi, arrived in the country Thursday, marking the first of the three high profile arrivals expected in the country in the next one week. The other two expected as confirmed by a government statement is the Chinese President Xi Jinping and the Prime Minister of...

Friday, July 20, 2018, 1:14 AM