Business

Former hawkers reap big from working together

Seraphine Mukamuganga, had been one of the promonent hawkers who had clogged the streets of Musanze town for the years until she decided to give it up in 2016 and convincing 300 other women to do the same. 32-year old mother to one, Mukamuganga, shared her testimony during Liberation Day...

Thursday, July 12, 2018 - 7:37am

Entrepreneur explains how to start an enterprise with Rwf61000 capital

Henry Carl Nsabyumukiza is the founder of G5 Skyway Growth Limited Company based in Kacyiru, which is involved in the production of instant coffee. The firm which started small in 2015. As a jobless young man, he found an opportunity by supplying coffee beans to firms after purchasing from small...

Tuesday, July 10, 2018 - 10:00am

Untapped investment opportunities in Africa

When thinking about investing in Africa, many investors identify South Africa as the most important market on the continent. However, we believe other countries in the region also offer much untapped long-term potential. Among frontier markets globally, Africa offers one of the most exciting...

Monday, July 9, 2018 - 9:36pm

Solutions to Africa’s challenges are within – Kagame

Answers to Africa’s challenges and problems can be found within the continent, President Paul Kagame has said. The President was speaking at the graduation of African Leadership University School of Business. This was the inaugural graduation of the business school with 38 students from 17...

Sunday, July 8, 2018 - 12:21am

Falling EAC trade worries regional business council

Business leaders in East Africa have voiced their concern about declining intra-regional trade, with some saying it does not augur well for the integration agenda. The newly appointed East African Business Council (EABC) chairman, Nicholas Nesbitt, said trade among East African Community (EAC)...

Thursday, July 5, 2018 - 12:42am

East Africa lacks policies to deal with debt crisis, rating firm

Rating firm, Moody’s, has singled out weak policy, poor budget planning and its implementation as factors that have made it difficult for Kenya, Uganda and Tanzania address their ballooning debt portfolio. The agency report indicates that East Africa region is faced with a debt crisis that...

Tuesday, July 3, 2018 - 9:51pm

EAC women exporters to get improved EU market

East African Women in Business Platform (EAWiBP) have successfully negotiated an agreement with the International Trade Centre (ITC) to increase market access to the block’s products to Europe. That comes after a round-table discussion with Ms. Arancha Gonzalez, who is the Executive Director...

Tuesday, July 3, 2018 - 11:12am

Why brands with green agenda appeal to consumers

Global food and drink company Nestlé announced last month that it aims to make 100 per cent of its packaging recyclable or reusable by 2025 such that none of its packaging, including plastics, ends up in a landfill or as litter. The move could also increase its sales as research shows that over 50...

Tuesday, July 3, 2018 - 1:01am

Airtel Africa triples first quarter profit to $154M

Airtel Africa’s profit after tax for the quarter ended March almost tripled to $154.52 million, from $57.5 million in the last quarter of 2016-17. This is the second positive margin in the telcos’ eight years of operations on the continent. “Africa revenues grew by 10.7 per cent...

Tuesday, July 3, 2018 - 12:53am

New EABC Chairperson keen on developing strategic networks

The East African Business Council on Friday appointed Nicholas Nesbitt, the Chairman of Kenya Private Sector Alliance (KEPSA), as the new EABC Chairman for the period 2018/2019. This was in Nairobi, Kenya, during the body’s 19th Annual General Meeting (AGM), the supreme policy making organ...

Friday, June 29, 2018 - 7:53pm

MTN’s annual volunteer programme wraps up

This year’s MTN’s employee volunteerism programme, 21 Days of Y’ello Care, has seen employees from 20 countries across the MTN footprint taking part in activities to benefit lives of the surrounding communities. The programme ended on 21 June. In Rwanda,  initiatives ranged...

Friday, June 29, 2018 - 7:48pm

Trade deficit reduces by 1.4 per cent

Rwanda’s trade deficit reduced by 1.4 per cent in the first five months of 2018, compared to 2017, latest statistics from the central bank show. This was attributed to an increase in formal exports revenues by about 29 per cent which outweighed an increase in formal imports, at 9 per cent....

Tuesday, June 26, 2018 - 11:22pm

Regional countries urged to maintain 25 per cent tariff on vehicle imports

The East African Community partner states need to maintain the 25 per cent Common External Tariff on both new and used fully built motor vehicles imported in the regional bloc, says the East African Business Council (EABC). According to the EABC, this would boost the productivity of local motor...

Tuesday, June 26, 2018 - 11:03pm

Students win capital for business projects

On Friday, Akilah Institution students engaged in a competition aimed at promoting their entrepreneurship skills, and winners were awarded capital for their projects. The students presented business plans in front of a panel of judges and fellow students, explaining why they chose the business,...

Tuesday, June 26, 2018 - 8:06pm

How American businessman turned defunct Rwandan coffee facility into a global brand

Before 2009, the once mighty Rwandex was exporting between 5,000 to 7,000 tonnes of ordinary coffee fetching between $9 million and $10 million annually. But financial problems hit the company hard and it soon folded. The troubled company, which had two branches; Rwandex Gikondo and Rwandex...

Tuesday, June 26, 2018 - 1:31pm

BRD, Swedish body in $40m deal to boost energy sector

The Swedish International Development Cooperation Agency (Sida) and the Development Bank of Rwanda (BRD) have signed two energy agreements guarantees that will see the bank lending to energy sector investors. The signing ceremony was held Thursday at BRD headquarters between the Head of...

Friday, June 22, 2018 - 11:12pm

Popularity of smart wearables rising fast

Wearables, specifically smartwatches, have been a rapidly growing category and the data collected is similarly as immense. Smartwatches have been designed to integrate themselves into every moment of the wearers life, whether awake or asleep, they record heartbeats, sleep patterns, workouts, you...

Friday, June 22, 2018 - 8:50pm

Push to mainstream technology in businesses as regional industry dialogue opens in Kigali

To collectively succeed in ensuring that smart technologies boost the continental development agenda, governments and businesses must work together, an official emphasised at the beginning of the COMESA CONNECT Industry Dialogue that started in Kigali on Thursday. The two-day event held under the...

Thursday, June 21, 2018 - 12:45pm

How the new tax law will affect small businesses

Small businesses with an annual turnover of Rwf20-50 million will have to ensure their books are in order after the Rwanda Revenue Authority revised their model of computing income tax. Previously, the businesses would pay a flat fee of 3 per cent of their turnover but with the changes, they will...

Wednesday, June 20, 2018 - 12:58am

COMESA searching for solutions to transform and sustain competitive businesses

The COMESA Connect Industry Dialogue set for June 21st to 22th, in Kigali, will bring together high level technical expertise from the public and private sector to provide common solutions that will prepare, protect, revolutionize and sustain competitive businesses, organizers say. Formed in...

Monday, June 18, 2018 - 9:29pm

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