Rwanda, Haiti establish diplomatic relations

Rwanda has established diplomatic relations with Haiti as the two nations move to widen existing as well as explore new areas of cooperation. Rwanda’s Permanent Representative to the United Nations, Ambassador Valentine Rugwabiza and her Haitian counterpart, Ambassador Denis Régis, said in a...

Thursday, August 16, 2018, 12:11 PM

5,000 African entrepreneurs for Tony Elumelu entrepreneurial gathering

About 5,000 entrepreneurs from across Africa are expected to convene in Lagos, Nigeria in October for the fourth edition of the Tony Elumelu (TEF) Entrepreneurship Forum, arguably Africa’s largest entrepreneurial convening. The Foundation announced October 25, 2018 as the date for its annual...

Thursday, August 16, 2018, 1:33 AM

Rwanda partners with IATA to improve aviation safety

The International Air Transport Association (IATA), the trade association for world’s airlines, and the Rwanda Civil Aviation Authority (CAA) have signed a Memorandum of Understanding (MoU) to partner for the improvement of aviation safety. The New Times has learnt that the MoU was signed...

Wednesday, August 15, 2018, 1:19 AM

Rwanda’s mobile phone subscriptions grow by 1%

The number of Rwandans using mobile phones increased marginally at the end of July, the latest mobile telephone subscriptions report shows. The report was released by Rwanda Utilities Regulatory Authority (RURA), the sector’s regulator. The quarterly report indicates that the total number...

Wednesday, August 15, 2018, 1:14 AM

Govt investigates cases of embezzlement in coops

The Government is investigating cases in which Rwf987 million was stolen from cooperatives over the last two years, a top official at Rwanda Cooperative Agency (RCA) has revealed. According to the agency, non-financial cooperatives in the country have a combined share capital of Rwf82 billion....

Wednesday, August 15, 2018, 12:29 AM

Mastercard Foundation awards 15 social enterprises from Africa

Fifteen social enterprises from the Mastercard Foundation scholars programme from across Africa have been awarded fellowships which could take their business ventures to the next level.  Over 70 social entrepreneurs gathered in Kigali last week as part of the annual Social Venture Challenge....

Tuesday, August 14, 2018, 10:35 AM

Govt turns to private sector to fund innovation village project

The cabinet this week approved the establishment of a special purpose vehicle (SPV) to accelerate the implementation of the Kigali Innovation City, a project aimed at driving economic growth through digital transformation. The setting up of the special purpose vehicle means the Government will set...

Saturday, August 11, 2018, 12:16 AM

30 teams compete for seed capital in social venture challenge

30 teams composed of 71 budding African social entrepreneurs will tomorrow, Thursday, compete in a Social Venture Challenge. The challenge is part of the Baobab Summit organised by the Mastercard Foundation in collaboration with The Resolution Project and it brings together scholars from across...

Wednesday, August 8, 2018, 10:59 PM

Commonwealth official arrives for CHOGM preparations

Nabeel Goheer, the Assistant Secretary General of the Commonwealth Secretariat, is in Rwanda for preparations of the Commonwealth Heads of Government Meeting (CHOGM), which Rwanda will host in 2020. It will be the 26th meeting of the heads of government of the Commonwealth of Nations. On his...

Wednesday, August 8, 2018, 12:40 AM

Africa’s land resources are its strategic reserves – Dr Nwanze

Africa’s countries must conserve their land resources as they are the most strategic reserves the continent owns, Dr Kanayo Nwanze has said. Dr Nwanze made the call during an exclusive interview with The New Times ahead of the African Green Revolution Forum (AGRF) scheduled to take place...

Friday, August 3, 2018, 12:16 AM

Mkapa expresses concern over the state of financing in Africa

Former Tanzanian President, Benjamin William Mkapa, has expressed concern over the state of financing in Africa, highlighting illicit financial flows, among factors, as obstacles to the continent’s economic transformation and development. Mkapa said this, Wednesday, ahead of the African...

Wednesday, August 1, 2018, 11:35 PM

Rwanda targets $74 million from conference tourism

Rwanda is looking to nearly double its revenues from conference tourism, Clare Akamanzi, the chief executive of Rwanda Development Board (RDB) has said. Last year, the country collected a total of $42 million (about Rwf36.3 billion) from 192 conferences. This year’s target is $74 million (...

Wednesday, August 1, 2018, 1:59 AM

$630 million earmarked for UN assistance programme in Rwanda

The Government and the One UN Rwanda, yesterday, signed an agreement that will see the latter support development and humanitarian activities in the country over the next five years. Specifically, the $630 million (about Rwf546 billion) kitty will be spent on the United Nations’ supported...

Wednesday, August 1, 2018, 1:49 AM

Inside Rwanda, China bilateral agreements

Rwanda and China last week signed 15 bilateral memorandum of understanding (MoUs) and agreements during China’s President Xi Jinping’s state visit to Rwanda. The signing ceremony was one of the major highlights of Xi’s two-day visit. Here is what some of these agreements...

Tuesday, July 31, 2018, 12:44 AM

AU military chiefs raise red flag on foreign military bases

African Union (AU) military chiefs have raised concern over the involvement of external forces in regional conflicts, particularly in the Horn of Africa, saying that the increase in foreign military bases of western countries could potentially derail efforts towards achieving peace and...

Friday, July 27, 2018, 1:18 AM

Japanese investors explore business opportunities in Rwanda

A delegation of Japanese top business leaders is in Rwanda to explore trade and investment opportunities in the country. The delegation is made up of 28 Japanese firms as well as officials from the public sector. The mission is led by the country’s Parliamentary Vice-Minister for Foreign...

Thursday, July 26, 2018, 12:03 AM

Japanese investors explore business opportunities in Rwanda

A delegation of Japanese top business leaders is in Rwanda to explore trade and investment opportunities in the country. The delegation made up of 28 Japanese firms as well as officials from the public sector. The mission is led by the country’s Parliamentary Vice-Minister for Foreign...

Wednesday, July 25, 2018, 11:17 AM

Unique SME financier wins the Kigali Seedstars competition

Rwanda’s factoring startup, BeneFactors won the Seedstars Kigali competition over the weekend, beating stiff competition from 8 other startups. The finals took place at Westerwelle Startup Haus in Kigali. Seedstars is a largest seed-stage startup competition for emerging economies. The...

Monday, July 23, 2018, 10:20 PM

Faith Keza takes charge at RwandaOnline

Faith Keza has been appointed the acting chief executive officer of RwandaOnline, a local technology company that runs e-government programmes, including the popular online portal, Irembo, which currently offers over 80 government services. Keza has been serving as the Chief Technology Officer at...

Monday, July 23, 2018, 9:59 PM

Will mobile money cannibalise banks? Not really says GSMA Executive

Africa is adopting mobile technology faster than any other region and it is leveraging the power of mobile technologies to do business. It is estimated that the mobile ecosystem will add more than US$150 billion in value to Sub-Saharan Africa’s economy by 2022, equivalent to almost 8 per cent...

Monday, July 23, 2018, 9:33 PM