Thank you for your sacrifice, Kagame to COVID-19 taskforce

Rwandans are grateful for the commitment, dedication and sacrifice of the multi-department taskforce leading efforts in curbing the spread of the coronavirus in the country, President Paul Kagame said. Kagame paid them a visit on Easter Sunday at the Command Post located at the Kigali Conference...

Sunday, April 12, 2020, 10:36 PM

Saving lives must take priority, Africa advised amid recession

The Sub-Saharan Africa region is projected to have -5.1 per cent growth and consequently its first recession in 25 years according to the latest Africa’s Pulse, the World Bank’s bi-annual analysis. The economic impact on African countries resulting from COVID-19 and shocks expected...

Saturday, April 11, 2020, 12:00 AM

I&M Bank cuts base lending rate to reduce clients’ loan burden

I&M Bank Rwanda clients are set to have some relief on their loan repayment burden as the lender has reduced its base lending rate from 16.5 per cent to 16 per cent. Base lending rate is initial interest rates that a lender has internally before setting the commercial interest rate for...

Friday, April 10, 2020, 12:00 AM

Rwanda’s COVID-19 fight receives $14.3m boost from World Bank

Rwanda’s efforts to curb and contain the novel Coronavirus this week received a $14.25M boost from the World Bank under the new Rwanda COVID -19 Emergency Response Project. The project is designed to help the government prevent, detect and respond to the threat posed by COVID-19 and...

Thursday, April 9, 2020, 12:20 AM

AfDB President under internal investigation

An internal investigation is underway at the African Development Bank on abuse of office claims following reports by some employees to the institution’s Department of Ethics Committee. The investigation is looking at the conduct at several top leaders of the institution with media reports...

Tuesday, April 7, 2020, 2:00 AM

How the tourism industry can recover post COVID-19

The tourism sector is one of the most affected economic aspects by the novel Coronavirus as countries implement lockdown measures to curb transmission of the ailment. The sector has also been affected by halting of flights and travel as well as stoppage of all events. Regional tourism experts...

Monday, April 6, 2020, 11:30 PM

Top government officials forfeit April salary to support vulnerable citizens

Senior government officials including Cabinet Members, Permanent Secretaries and heads of parastatals, among other senior leaders will forfeit April’s salary to contribute to social protection of vulnerable citizens. This was announced through a statement issued by the Office of Prime...

Monday, April 6, 2020, 3:16 AM

It’s not a fair fight, but we can’t opt out

KIGALI – COVID-19 is not a fair fight, it has no sense of rules of engagement. It’s also dragged everyone into the fight. School going children have holidays they didn’t ask for, would-be graduates have to wait additional months before they can start their careers,...

Monday, April 6, 2020, 12:00 AM

Rwanda’s economic growth projected at 5.1% for 2020

The government and the International Monetary Fund (IMF) have revised Rwanda’s economic growth projections for 2020 to 5.1 per cent in light of the effects of the novel coronavirus and its impact on the economy. The economy grew by 9.4 per cent in 2019 and was initially projected to...

Saturday, April 4, 2020, 1:32 AM

Govt to up private-sector support fund for COVID-19 recovery

Members of the Rwandan business community whose operations have been affected or halted as a result of the novel coronavirus will soon access affordable capital from a special fund to be established by government. The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana said that the...

Saturday, April 4, 2020, 1:30 AM

FEATURED: BK donates Rwf282m to coronavirus relief, offers grace period on loans

In response to the COVID19 pandemic and its diverse social-economic impacts, BK Group has rolled out intervention to support its clients and the Rwandan community in general. The banking arm of BK Group, Bank of Kigali has said that they will offer a grace period of up to 3 months for principal...

Saturday, April 4, 2020, 1:18 AM

COVID-19: Rwanda extends lockdown by 15 days

Rwanda has ordered a 15-day extension of the current lockdown. The decision to extend the current two-week lockdown initially declared on March 21 to contain the spread of the novel coronavirus was reached during an extraordinary cabinet meeting held via video link on Wednesday...

Thursday, April 2, 2020, 2:34 AM

Seven new COVID-19 cases take Rwanda’s tally to 82

7 new confirmations of the novel Coronavirus raised Rwanda’s total tally to 82 as of Wednesday 1st April, the Ministry of Health has said. The new cases include a recent traveler from Dubai, a traveler from the United Kingdom, two frequent regional travelers and three contacts of...

Thursday, April 2, 2020, 1:24 AM

What next for African airlines?

The African airline industry is among the casualties on the continent in regards to business continuity amidst the outbreak of coronavirus pandemic. A majority of airlines on the continent were already loss-making prior to the pandemic. With the crisis, the losses are expected to deepen with...

Thursday, April 2, 2020, 12:58 AM

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

Subscribe to The New Times E-Paper