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Business

Four companies fined over price hikes

Four companies in the City of Kigali have been slapped up with fines that amount to Rwf250,000. Those businesses had hiked prices of some food products and construction materials, intentional use of unapproved weighing scales, and issuance of illegal invoices. Most of them had not displayed...

Saturday, July 18, 2020 - 2:44pm

Services trade growth weakens as coronavirus becomes pandemic

Growth in global trade in services slowed in the first quarter of 2020, particularly air travel and container shipping, the World Trade Organisation (WTO) said on Wednesday. The global trade body said its services trade index dropped to 96.8 down from 98.4 that had been recorded in...

Thursday, March 12, 2020 - 1:59pm

FEATURED: Equity Bank commits to supporting female entrepreneurs

Equity Bank is committed to creating more opportunities for women in business, the lender’s managing director has said. Hannington Namara made the remarks during celebrations to mark International Women’s Day on Saturday. Globally, the day was observed on Sunday, March 8, under...

Wednesday, March 11, 2020 - 12:40am

Tanzania starts repairs on road linking to Rwanda

The Tanzanian Ministry of Works, Transport and Communication is repairing a section of the Morogoro-Dodoma highway where a bridge collapsed due to heavy rains on Monday. The road links Rwanda to Dar es Salaam post, where about 90 per cent of goods destined for Rwanda come through. On Tuesday...

Thursday, March 5, 2020 - 12:36am

Tanzania bridge collapse causes jitters among Rwandan traders

A bridge on the Morogoro-Dodoma highway near Dumila in Tanzania, which collapsed on Monday, March 2 due to heavy rain is likely to cause delays in the transportation of Rwanda’s goods, according to local traders.    The rain-damaged road is the only route for goods coming to...

Wednesday, March 4, 2020 - 1:13pm

EAC business community wants transport costs reviewed ahead of Summit

Harmonizing airspace is one of the issues that the East Africa Business Council will discuss during the East African Business and Investment summit slated to take place in Arusha, Tanzania from November 28 to 29. Denis Karera, the Vice Chairman of the Council told members of the press on...

Thursday, November 21, 2019 - 5:25pm

Local firms seek protection from imported rival products

Local industrialists have claimed that the importation of rival products, high cost of electricity and imported raw materials and operating below capacity were hampering their competitiveness on local and continental markets. The challenges were highlighted on Wednesday during the celebration of...

Thursday, November 21, 2019 - 9:54am

Over 500 to showcase at Made in Rwanda Expo

Local producers and service providers have yet another opportunity to showcase their goods and services at the upcoming Made in Rwanda Brand Exhibition which is opening next week in Kigali. The two-week exhibition of locally made products and services seeks to promote local firms by...

Wednesday, November 13, 2019 - 4:52pm

Gahiga on why wellness business is important for Rwandans

Kali Gahiga is an aqua-gym instructor and a life coach. She uses both platforms to help people find strategies in achieving their goals and solutions for the challenges they encounter in life. In an interview with Sunday Magazine’s Donah Mbabazi, Gahiga talked about her choice of career and...

Sunday, September 30, 2018 - 12:03am

Role of auditors in small business performance

Small and medium enterprises (SMEs) often rely on accountants from their audit firms to assist in reconciling accounts, preparing the adjusting journal entries and preparing financial statements, they often lack the sophistication necessary to carry out these tasks. Relying on the audit firm often...

Sunday, September 23, 2018 - 1:04am

Uber edges closer to entering Rwanda market

Doubts about whether Uber will soon extend its operations to Rwanda have now been cleared following the public announcement in which the company says it is looking for a country lead in Rwanda. The latest information indicates that the global ride-hailing company is hiring a country manager for...

Saturday, September 22, 2018 - 7:26am

The emerging world’s high achievers

LONDON – One truism of the last three decades is that emerging markets are a leveraged play on global growth: they outperform when developed economies are growing, but they are susceptible to sharp downturns when global conditions are less favorable. This more or less remains true. But when...

Wednesday, September 19, 2018 - 9:17pm

MTN to reward customers to over 600,000 prizes

MTN Rwanda has launched a new three month campaign ,dubbed ‘Izihirwe na MTN’ Celebration, which aims to reward its customers with over 600,000 prizes. According to Desire Ruhinduka, the senior manager marketing operations, the prizes include free voice calls, free SMS and free...

Wednesday, September 19, 2018 - 9:12pm

Tourism sector opening up opportunities for businesses

The continued growth of the local tourism industry is increasingly opening up opportunities for Rwandans across the country. One such investor is Theodore Nzabonimpa, a lawyer and founder of ‘Beyond the Gorillas Experience Limited’, a company involved with innovative tourism and...

Tuesday, September 18, 2018 - 11:59pm

What internal forces threaten our businesses?

Often, businesses can be so focused on negotiating perceived threats in the greater business environment that they fail to identify factors within the company which could threaten its success. The internal business environment comprises of factors within the company which impact the success and...

Monday, September 17, 2018 - 11:42pm

Overcoming the ‘chocolate lament’ through agribusiness

One of the key findings of the agriculture status report launched at this year’s African Green Revolution Forum in Kigali is that our governments understand what should be done to trigger economic transformation through farming. This was to be expected, especially given the Comprehensive...

Friday, September 14, 2018 - 11:34pm

Need to take extremely generous deals with a pinch of salt

Pyramid schemes come in all shapes and sizes. They are perhaps the smartest scams ever invented because victims volunteer. With more than a third of the over 800 million hungry people found in Africa, it is a natural hunting ground for all sorts of pyramid schemes. But despite many schemes...

Wednesday, September 12, 2018 - 11:44pm

How Africa can win in global processed food market

Africa has been exporting most of its farm produce raw, and experts say that by exporting raw materials, the continent is exporting jobs as well as money which could be saved to improve the welfare of its people. Africa accounts for 75 per cent of the world’s cocoa production, with 65 per...

Tuesday, September 11, 2018 - 9:17am

What external forces threaten your business?

Businesses have two types of environments: internal and external. Internal environments are controlled by the company, and may include elements such as organizational structure and workforce. External environments, however, exist outside of the company and are not within its range of control. As...

Tuesday, September 11, 2018 - 12:54am

Samsung to pay 29-million-USD to U.S. consumers for price-fixing

South Korean consumer electronics giant Samsung will pay 29 million U.S. dollars to consumers in the west U.S. state of Washington for “price-fixing scheme,” the state’s Office of the Attorney General (AG) has said. In a lawsuit filed in King County Superior Court by the...

Thursday, September 6, 2018 - 12:08am

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