Coronavirus: Why you need to avoid panic and bulk buying

Following Saturday’s announcement of the first case of coronavirus in Rwanda, it was common to spot long queues in supermarkets and shops with buyers attempting to stock up household consumables and food. However, the panic buying which most buyers viewed as precautionary...

Monday, March 16, 2020, 12:00 AM

Coronavirus: Traders warned on inflating prices and substandard goods

Traders and retailers taking advantage of the global coronavirus pandemic by hiking prices could soon find themselves paying hefty penalties. The government has warned retailers and traders across the country to refrain from hoarding, hiking prices or selling sub-standard goods noting...

Sunday, March 15, 2020, 6:11 PM

Coronavirus: Is wearing face masks necessary?

With the news the first case of coronavirus reported in Rwanda, sights of members of the public wearing face masks or surgical masks are fast becoming common across the city. However, experts and the government have called on citizens to leave the masks for patients with the virus...

Saturday, March 14, 2020, 10:32 PM

CHOGM preparations to proceed despite coronavirus outbreak

Preparations for Commonwealth Heads of Government Meeting (CHOGM) will continue as planned despite the ongoing coronavirus outbreak in optimism that it will have been contained by June this year. According to Rwanda Development Board Chief Executive, Clare Akamanzi, the government and private...

Friday, March 13, 2020, 1:00 PM

Why a night at One&Only Lodge costs up to $10,500

In December 2019, a new property was added on the list of Rwanda’s high-end tourism facilities, One&Only Gorilla's Nest, a multi-luxurious lodge on the edge of Volcanoes National Park. The new lodge joins a list of other luxury destinations, such as; Bisate Lodge, Amakoro Songa...

Friday, March 13, 2020, 12:00 AM

American billionaire to build Africa’s largest agriculture research centre in Rwanda

American billionaire Howard Buffet has pledged to establish Africa’s largest centre for agriculture research and extension in the country.  Buffet was speaking at the inauguration of a $54m irrigation scheme in Nasho Sector of Kirehe District which also consists of a solar power...

Thursday, March 12, 2020, 12:00 AM

Nasho Irrigation Scheme boosts farmers’ yields

Nasho Irrigation Scheme, a joint investment by the Government of Rwanda and the Howard G. Buffett Foundation, has significantly increased the yields of farmers in the area and consequently bolstered their incomes. This emerged during the inauguration of the facility by President Paul Kagame and...

Thursday, March 12, 2020, 12:00 AM

COVID-19: Rwanda seeks alternative sources of imports

Rwanda manufacturers, producers and importers are already seeking alternative sources of raw materials with China’s production and export capacity expected to slow down due to the Coronavirus outbreak Local business operators who spoke to The New Times said that to alleviate potential...

Wednesday, March 11, 2020, 12:50 AM

Local tech start-up makes attempt at cashless economy

A local tech start-up, Hexakomb, is making an attempt at increasing the section of the general public using cashless solutions to pay for basic services via digital means. The firm is pursuing the goal by working to ease the payment of basic services such as loading airtime, data bundles, cash...

Tuesday, March 3, 2020, 12:00 AM

Why Rwandan banks operating costs are going up

Operating costs of local banks have been rising steadily in the last three years, statistics from the Central Bank show. In 2019, Rwandan banks incurred Rwf372.5bn in operating costs up from Rwf278.4bn in 2016. The largest driver of the rise in costs was interest expenses as the 16 local lenders...

Tuesday, March 3, 2020, 12:00 AM

PHOTOS & VIDEO: Kagame welcomes investors into Rwanda’s high-end tourism

President Paul Kagame has invited investors into the high-end tourism, promising that their ventures will be handled and treated with an aim to ensure that it benefits both the country and the shareholders. Kagame was speaking at the foothills of Volcanoes National Park where he officially...

Friday, February 28, 2020, 12:19 AM

Kagame reshuffles cabinet, overhauls Health and Education Ministries

President Paul Kagame on Wednesday evening reshuffled the cabinet making major changes to key ministries notably Health and Education. Dr Daniel Ngamije was appointed Minister of Health, replacing Dr Diane Gashumba who resigned two weeks ago. Dr Daniel Ngamije previously worked for the World...

Thursday, February 27, 2020, 1:37 AM

Why only 3.5% Rwandans borrowed from banks in 2019

The number of Rwandans borrowing from commercial banks continues to increase but the figure remains low, with official statistics showing that only 421,000 received credit last year. This represents just 3.5 per cent of the population. To put this in a context, this number is less than the...

Thursday, February 27, 2020, 12:00 AM

Liquid Telecom slashes home fibre internet prices by 60%

Local broadband provider, Liquid Telecom, has reduced its prices for home fibre internet connection by 60 per cent in a bid to increase access. The firm has reduced the cost of fibre to home internet with prices starting at Rwf28,000 for a month of unlimited connectivity for 5Mbps. The...

Thursday, February 27, 2020, 12:00 AM

How Coronavirus may affect Rwanda economy

The Coronavirus is considered to be one of the major shocks affecting the global economy and could have consequences on the domestic economy, economists have warned. Globally, economists predict that some of the pinch could be felt in the growth of the aviation industry and tourism as well as...

Wednesday, February 26, 2020, 1:00 AM

Will automation address Sacco challenges?

As the automation of Umurenge Savings and Credit Cooperatives (SACCOs) rolls out, questions have emerged on whether it is the much-sought solution to the challenges affecting the institutions. The automation, which began in January this year, has been often cited as a solution to major...

Wednesday, February 26, 2020, 1:00 AM

Rwandan tin smelting firm certified as conflict free

A Rwandan tin smelting plant, LuNa Smelter, has been certified as a conflict free smelter by the Responsible Minerals Assurance Process (RMAP). The qualification is part of a programme, Responsible Minerals Initiative (RMI), which has been conducting assessment to validate smelters’...

Tuesday, February 25, 2020, 1:32 AM

Lufthansa Group upbeat on Rwanda’s new airport

German airline, Lufthansa Group, is upbeat on the move by Rwanda to establish a new and modern airport in Bugesera District saying that it will speed up growth of the aviation industry and opportunities for players such as themselves. The airline serves Rwanda through its subsidiary, Brussels...

Tuesday, February 25, 2020, 1:30 AM

Why Sonarwa is auctioning its assets

Last week, one of Rwanda’s oldest insurers, Sonarwa General Insurance announced the auction of four of its real estate assets through a local real estate firm, Century. The auction comes weeks after the insurer announced that they would not be proceeding with a much-anticipated...

Monday, February 24, 2020, 12:00 AM

Summit requests Uganda to end support to anti-Rwanda elements

The normalisation of ties between Rwanda and Uganda is largely dependent on the latter’s ability to verify allegations of actions by anti-Rwanda elements based in and operating from Uganda. This was one of the resolutions following the fourth quadripartite summit between the Heads of State...

Saturday, February 22, 2020, 12:45 AM

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