Bralirwa profits drop by 83.5 per cent

Local brewer Bralirwa profits dropped by 83.5 per cent in 2019 from Rwf7.2 billion in 2018 to Rwf1.2bn in 2019, the company’s financials indicate. While the sales volume went up by 5.4 per cent to 1,886 000 hectoliters from  1,790,000 hectoliters in 2018-, as did the revenue by 1.8...

Tuesday, March 31, 2020, 1:10 AM

Legal provisions for employers and business during COVID-19

The Coronavirus pandemic has no doubt disrupted delivery of goods and services which could affect contracts across the country. Among the contracts that have so far been affected include contractual obligations to deliver goods and services especially those that had timelines and deliverables...

Tuesday, March 31, 2020, 1:10 AM

RwandAir to commence cargo flights

National carrier, RwandAir is working on launching cargo flights in the coming days to respond to demand in movement of good. The airline is in the process of working out details on the new nature of the airline services in cargo which could enable Rwanda and other countries access essential...

Tuesday, March 31, 2020, 1:08 AM

COVID-19: WHO warns against traditional medicine

As cases of the novel coronavirus continue to rise in Africa, the World Health Organisation (WHO) has warned against reliance on traditional medicine, a common response by some Africans to ailments. It is not uncommon for African citizens including Rwandans to turn to traditional or herbal...

Monday, March 30, 2020, 1:25 PM

Rwanda COVID-19 cases rise to 70, all stable

The Ministry of Health has confirmed an additional 10 people positive for the novel coronavirus bringing the total tally to 70 as of Sunday, March 29. The new cases include 6 travelers who had arrived in the country from Dubai, UAE, 2 travelers from South Africa, one traveler from Nigeria as...

Sunday, March 29, 2020, 11:50 PM

COVID-19 economic recovery funds that Rwanda is eligible for

With the coronavirus having caused global economic recession countries are keen on looking for potential avenues to alleviate the impact of the crisis and boost recovery. A number of interventions have been lined up by global institutions with Rwanda eligible to a number of them....

Saturday, March 28, 2020, 11:16 AM

We have to win the fight, Kagame on COVID-19

President Paul Kagame has said that the government will do everything possible to support Rwandans during the Coronavirus containment period which is characterized by social and economic challenges. The President was addressing the nation on 27th March on the global coronavirus pandemic....

Saturday, March 28, 2020, 12:55 AM

Private doctors ready to support in COVID-19 fight

Medical doctors in private practice or working in other sectors outside daily medical practice have expressed readiness to avail themselves to support the government’s efforts to curb coronavirus. The doctors who are involved in private practice, working with Non-governmental Organizations...

Friday, March 27, 2020, 12:00 AM

BK registers Rwf37.3 billion profit, braces to support post-COVID-19 recovery

BK Group in 2019 recorded an after-tax profit of Rwf37.3 billion which was a 36 per cent growth from the previous year. In 2018, the group recorded a net profit of Rwf27.4 billion and Rwf23.3 billion profit after tax in 2017. Dr. Diane Karusisi, the group’s Chief Executive Officer, said...

Friday, March 27, 2020, 12:00 AM

Rwanda confirmed COVID-19 cases at 50

Rwanda’s COVID-19 cases have reached 50 as of Thursday, March 26, after the confirmation of 9 new cases, according to the latest statistics from the Ministry of Health. The new cases include five travellers who arrived from Dubai, UAE and were isolated upon arrival, one traveller from The...

Thursday, March 26, 2020, 10:47 PM

Kagame, Trudeau discuss global response to COVID-19 outbreak

President Paul Kagame and Canadian Prime Minister, Justin Trudeau, on Wednesday held talks virtually on measures to curb the global Coronavirus pandemic. The President said in a tweet that they discussed the importance of decisive health measures and global collaboration to deal with the...

Wednesday, March 25, 2020, 7:14 PM

COVID-19: Bankers clarify on the temporary closure of some branches

The Rwanda Bankers Association and the Central Bank have clarified their stance on the temporary closure of some of their branches during the Coronavirus containment period. According to an announcement issued Wednesday, March 25, the bankers agreed to reduce the number of branches open to...

Wednesday, March 25, 2020, 6:57 PM

Rwanda coronavirus cases now at 40

The number of confirmed coronavirus cases in Rwanda has reached 40 as of March 24, after confirmation of four new cases, the latest statement by the Ministry of Health indicates. The four new cases include; 2 travellers from Dubai, UAE, one traveller from Brussels, Belgium while another case is...

Wednesday, March 25, 2020, 12:51 AM

Rwanda COVID-19 cases jump to 36

The number of confirmed Coronavirus cases in the country grew by 17 on Monday to a total of 36, the latest statement by the Ministry of Health indicates. The 17 new cases include; nine travelers from Dubai, UAE, three travelers from Kenya, two from the United States, and one each from Qatar and...

Tuesday, March 24, 2020, 1:39 AM

COVID-19: EAC to deploy mobile testing equipment

The East African Community (EAC) Secretariat is in the process of deploying mobile laboratories and coronavirus test kits to all partner states in response to the global pandemic. According to a communique from the EAC Secretariat, each partner state will receive a four wheel drive vehicle...

Tuesday, March 24, 2020, 1:18 AM

COVID-19: Central Bank cautions public against panic

In light of the measures adopted during the Coronavirus containment period, the Central Bank has cautioned the public against panic saying that measures have been put in place to ensure continuity and access to financial services. In a statement by the Central Bank Governor John Rwangombwa, the...

Tuesday, March 24, 2020, 12:53 AM

How Jack Ma’s donation will boost Rwanda’s COVID-19 fight

The COVID 19 testing kits received in Rwanda last week from Jack Ma Foundation has boosted the country’s ability to fight the global Coronavirus pandemic, health officials have said. Ma who is the founder of Alibaba Group, a philanthropist and investor, recently announced...

Monday, March 23, 2020, 9:19 AM

Rwanda reassures DRC on trade flow amidst COVID-19 spread

The Government of Rwandan has moved to reassure neighbouring Democratic Republic of Congo on the continued flow of trade between the two countries amidst the implementation of the measure to contain the spread of coronavirus. Rwanda declared a countrywide lockdown ...

Sunday, March 22, 2020, 4:53 PM

COVID-19: Banks commit to shore up the economy

Local commercial banks have committed to help ease the impact of the novel coronavirus pandemic on the Rwandan economy. The COVID-19 outbreak, which has since disrupted local businesses since the country recorded its first case on Saturday, is expected to significantly shake the global economy...

Thursday, March 19, 2020, 10:38 PM

COVID-19: Central bank announces Rwf50 billion stimulus to spur lending

The National Bank of Rwanda has put in place Rwf50 billion stimulus package to increase the liquidity of commercial banks in order to sustain lending to the private sector. This is one of the interventions by the central bank to limit the impact of coronavirus on the economy. The...

Thursday, March 19, 2020, 11:14 AM