Rwanda, Uganda sign extradition treaty

Rwandan dissidents, especially members of Rwanda National Congress (RNC), involved in anti-Rwanda operations in neighbouring Uganda could soon face justice in Kigali following the signing of an extradition treaty between the two countries. The treaty was signed during the fourth...

Friday, February 21, 2020, 5:32 PM

Kagame, Museveni meet at Gatuna border

The fourth Quadripartite Heads of State Summit in a bid to normalize ties between Rwanda and Uganda is scheduled for today, February 21 at Gatuna border. Presidents Paul Kagame, Yoweri Museveni of Uganda will be joined by Angolan President João Lourenço and his Congolese counterpart Félix...

Friday, February 21, 2020, 1:43 AM

Radisson Blu registers 18% growth in profit

Radisson Blu Kigali, which also runs the Kigali Convention Centre, has reported a year-on-year profit growth rate of 18 per cent from 2017 to 2019, which demonstrates a significant return on investment. Denis Dernault, the company’s General Manager, said that the growth has boosted its...

Thursday, February 20, 2020, 1:00 AM

Polish investors explore agric opportunities in Rwanda

A group of investors and Members of Parliament from Poland are in Rwanda to explore investment opportunities in the agriculture among other sectors. The delegation of about 10 is in the country on the invitation of the Rwanda Development Board and is reviewing opportunities in the country,...

Wednesday, February 19, 2020, 1:32 AM

UK seeks trade pact with Rwanda, EAC

The United Kingdom is seeking to enter into a trade pact with the East African Community member countries. With the country, which just left the European Union (and into a one-year transition phase), is keen on having long-term and sustainable trade ties with the EAC region. Currently, during...

Tuesday, February 18, 2020, 12:00 AM

Freight forwarders decry ‘unfair’ rules

When Rwandan companies and individuals are importing goods to the country, they procure the services of clearing and forwarding agents who handle the formalities, clearing taxes and necessary documentation. However, the agents who are regulated by the Rwanda Revenue Authority, are now decrying...

Tuesday, February 18, 2020, 12:00 AM

Rwanda on track to host CHOGM – UK Envoy

Does Kigali look like a city hosting CHOGM in less than 5 months? What does a city hosting CHOGM look like? What has not been done yet? Are we even ready? These are some of the questions that Rwandans can often be heard asking out loud in regards to the oncoming Common Wealth Heads of State and...

Monday, February 17, 2020, 12:00 AM

AfDB, World Bank clash over lending to Africa

The African Development Bank and the World Bank have clashed over the latter’s comments on lending to African countries. World Bank President David Malpass on Monday said that some development banks such as the African Development Bank were making already challenging bad situations worse...

Thursday, February 13, 2020, 10:29 PM

Rating agency reaffirms Rwanda’s creditworthiness

Standard & Poor’s (S&P), an international financial services company, has maintained  Rwanda’s rating at “B+” thereby boosting investor confidence in the country. The international credit rating agency observed that the ratings on Rwanda are supported by...

Wednesday, February 12, 2020, 12:00 AM

Kagame condoles with Kenya over death of former president Moi

President Paul Kagame delivered his condolences to Kenyans for the death of the country’s former President Daniel Moi, during a State Funeral Service held at Nyayo Stadium in Nairobi. Moi passed on last week at the age of 95. He was the country’s second President ruling between 1978...

Tuesday, February 11, 2020, 11:56 PM

Trade sector leads in non-performing loans

Trade sector is leading among industries with the highest Non-Performing Loans (NPLs) ratio, the Central Bank says. Following last week’s Financial Stability Committee sitting, the Central Bank noted that NPL’s had generally declined from 6.4 per cent in December 2018 to 4.9 per cent...

Tuesday, February 11, 2020, 12:00 AM

I&M Bank raises limit on unsecured loans

Accessing credit in Rwanda has for long been characterized by rigorous processes and requirements that have been seen as frustrating for many. A local financial institution, I&M Bank is attempting to change the trend. The bank has revised its Éclair Loan product where they will lend up to...

Monday, February 10, 2020, 12:43 AM

Central Bank: Inflation to remain manageable in 2020

The National Bank of Rwanda has maintained the Key Repo rate at 5 per cent following the Monetary Policy Committee meeting held on Friday February 7. The key repo rate is the maximum rate at which commercial banks invest their money with the central bank. A lower rate means that it’s...

Saturday, February 8, 2020, 12:00 AM

Kagame: Beyond using drones, Africans should make them too

Adoption and integration of drone technology can and should go beyond using them to designing and manufacturing them, President Paul Kagame has challenged African countries. Kagame was speaking on Wednesday, February 5 at the opening of the inaugural Africa Drone Forum that is underway at the...

Thursday, February 6, 2020, 12:19 AM

Govt to set up drones operation centre

The government is in the process of designing a drone operation centre that will serve to develop the uptake, training and regulation of unmanned aerial vehicles commonly known as drones. According to Minister of ICT and Innovation Paula Ingabire, the feasibility study for the operation centre...

Wednesday, February 5, 2020, 3:17 PM

Minister Uwizeyimana under fire over alleged assault

Evode Uwizeyimana, the Minister of State in charge of Constitutional and Legal Affairs, has come under fire on social media for an alleged assault on a security guard at a city mall. An eyewitness reported that, during the incident, the minister did not want to walk through a metal detector as...

Tuesday, February 4, 2020, 10:47 AM

Top 5 instances that undermine cashless payments uptake

While the Government, through the Central Bank, has been calling on Rwandans to adopt cashless payments, a few sectors in the local economy make it hard for the general public to adopt cashless payments. With Rwandans making attempts to adopt cashless systems through debit cards and mobile money...

Tuesday, February 4, 2020, 12:00 AM

Uganda commits to releasing Rwandan nationals

The third Quadripartite summit resolved that Uganda and Rwanda would release nationals of each country held and lists were submitted to facilitate the objective. The summit hosted by President Lourenço was also attended by President Tshisekedi of the Democratic Republic of Congo and President...

Monday, February 3, 2020, 12:22 AM

Will the irregular rain patterns have an impact on food security?

There is little chance of food security challenges, the hike of food prices, despite the unusual rain patterns, the Minister of Finance and Economic Planning, Uzziel Ndagijimana has said. The unusual rain patterns and volumes had caused concerns on the potential impact on food security, food...

Monday, February 3, 2020, 12:14 AM

Kigali Green City Project receives Rwf 10B investment

The Kigali Green City project has received its first capital injection from the German Government through KFW Development Bank worth €10 million (Approximately Rwf 10 billion). The German envoy to Rwanda Thomas Kurz and the Minister of Finance and Economic Planning Uzziel Ndagijimana signed...

Saturday, February 1, 2020, 2:55 AM

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