Business

AfDB and AU to roll out continent-wide electricity market Masterplan

The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on...

Saturday, December 14, 2019 - 12:13am

Rwanda’s electric motorcycle company marks 250,000km

Africa’s first electric vehicle company, Ampersand, celebrated 250,000 kilometers traveled by its 20 motorcycle taxis in Rwanda. The distance—equal to circling the Earth more than 6 times!—is proof that electric motorcycles work in Africa and are ready to be scaled. In...

Friday, December 13, 2019 - 12:05am

Call for jobs quota for persons living with disability

There is a pressing need for the Government to put in place a ‘quota system’ whereby employers should be required to dedicate at least 5 per cent of positions to persons living with disability, activists have said.  Quota system is a method whereby a regulator sets a limit on...

Tuesday, December 10, 2019 - 12:09am

Over 1,600 candidates sit accounting examinations

Over 1,600 candidates last week sat for certified accounting examinations for December 2019, a step forward as the country seeks to increase the number of qualified professionals in the sector. According to Jean Marie Muhire, the Director of Education Development Services at the Institute of...

Tuesday, December 10, 2019 - 12:08am

Entrepreneur in production of supplements to boost milk production

Ordinarily, cattle require a proper balance of feed, water, vitamins and minerals to achieve optimal production of milk. Experts argue that cows require mineral supplements across the year to not only keep them healthy, but also boost milk production. The required minerals are divided into...

Tuesday, December 10, 2019 - 12:07am

Eight countries to showcase products at Rubavu expo

After successfully organizing Made in Rwanda in Kigali, the Private Sector Federation (PSF) in partnership with Rubavu district administration and other partners have organised a 15-day international exhibition that will be held on the shores of Lake Kivu, bringing together exhibitors from at...

Monday, December 9, 2019 - 8:42pm

AfCFTA is in its operational phase, so what’s next?

The African Continent Free Trade Area (AfCFTA), which was launched in 2018 is currently in its operational phase and is soon set to commence implementation.  With the agreement, countries are pioneering the formation of a single African market consisting of the free movement of goods,...

Tuesday, December 3, 2019 - 9:53am

Kirehe smallholder farmers find opportunity in organic farming

Inside sterile rooms of Tuzamurane Cooperative’s processing plant in Gahara, Kirehe District, fresh pineapples are peeled, sliced, and placed in two huge driers, where they are kept for at least 16 hours. This process involves teams of 20 permanent workers and more than 100 casual workers...

Tuesday, December 3, 2019 - 12:14am

He left employment to start business, an entrepreneur’s experience

On completing university, Nicholas Peter Lubwama had luck that most graduates do not, on graduating with a bachelor’s degree in telecommunication and engineering in 2015, he was hired by a family member to work in an IT company. There his tasks involved repairing computers, desktops as...

Tuesday, December 3, 2019 - 12:13am

Ports development on Lake Kivu to transform maritime transport

Last week, the Government secured funding from the Netherlands to finance the development of four ports at Lake Kivu, expected to promote maritime transport, trade and tourism. The grant arrangement will see the Netherlands co-finance 45 per cent of the construction of the ports and their...

Tuesday, December 3, 2019 - 12:10am

Africa spends $35 billion annually on food imports

Africa should be able to feed all her people without any problems, Benjamin Laag, Counsellor for Economic Cooperation at the Germany Embassy in Abidjan, said last week at the 2019 Conference on Land Policy in Africa, in Abidjan, Cote d’Ivoire. Laag emphasised the importance of good land...

Tuesday, December 3, 2019 - 12:09am

Rwanda green fund creates over 138,000 green jobs

Over 138,000 green jobs have so far been created by Rwanda Green Fund (FONERWA), the national fund for protecting the environment since its inception in 2013, Business Times has learnt. Alain Michel Doricyusa Gabiro, the Climate Finance Specialist at the Fund, explained that the jobs were...

Tuesday, December 3, 2019 - 12:08am

Two firms invest $18m in Kigali smart transport"

The Ministry of Infrastructure has urged commercial motorcyclists to embrace the use of metering devices so as to promote cashless payment system. The call came in the wake of the signing of a two-year agreement between Pascal Technology Ltd Rwanda and Altron, a South African company based in...

Tuesday, December 3, 2019 - 12:06am

Africa is building bridges with global innovation hubs

In our always evolving world, with technological innovations changing the reality on a daily basis, the field of innovation has become the “holy grail” of governments all over the world. I have written before why I believe that the African continent must transform into an innovation-...

Tuesday, December 3, 2019 - 12:05am

Retailers decry rising food prices

Food retailers have decried an increase in food prices due to rains that have characterized weather patterns over the last few months. The New Times talked to various food retailers in markets of Gikondo, Nyabugogo and Huye, Southern province, expressed concerns on rising food prices. Prices...

Thursday, November 28, 2019 - 6:35am

Accountants from across Africa to convene in Kigali

Over 1000 accountants from across the continent are set to convene in Kigali from December 9 to, among other things, look into trends of evolution of the financial sector in disruptive times. The Association of Chartered Certified Accountants) Africa Members’ Convention, seeks to ignite...

Thursday, November 28, 2019 - 12:14am

Freight forwarders move to establish self-regulatory body

Regional clearing and freight forwarding firms are seeking to improve the professionalism of their operations through a model bill on clearing and freight forwarders industry in the East African Community region. This comes at a time, when there is need to promote economic diversification and...

Wednesday, November 27, 2019 - 1:59pm

What values should Rwandan firms stand for?

What values should Rwandan firms stand for beyond profits? Should they pursue ambitions beyond profits?  These were some of the conversations at a recent business leaders gathering, Rwanda CEO summit, which attracted over 100 business leaders involved in different sectors of the...

Wednesday, November 27, 2019 - 5:32am

BK’s Urumuri Initiative disburses Rwf25m in interest-free loans

Six emerging local Small and Medium Enterprises (SMEs) were on Friday recipients of interest free loans from Bank of Kigali’s Urumuri Initiative, organised in partnership with Inkomoko, a local business consulting firm. The top winners were selected among the 13 finalists that were given a...

Tuesday, November 26, 2019 - 12:37pm

Search for post-harvest technologies as farmers battle poor prices

Rwanda Agricultural Board has said that it is working with agricultural experts to introduce affordable technologies that could help store potatoes for over a period of six months in a bid to fight against food insecurity and low prices affecting farmers. Rwanda produces 916,000 tonnes of Irish...

Tuesday, November 26, 2019 - 12:10am