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Business

KCB in process of acquiring BPR

KCB Group is in the process of acquiring a 62.06 per cent stake in Banque Populaire du Rwanda Plc which is owned by Atlas Mara Group. KCB Group, a Kenyan based financial services holding company with presence across the region and Atlas Mara on Wednesday, 25th November 2020 entered a share...

Thursday, November 26, 2020 - 10:04am

What is holding back cassava yield?

Cassava farmers continue to harvest low yields despite their high potential largely due to lack of quality cassava cuttings (seeds) as well as hesitance to comply with recommended agricultural practices, agricultural researchers have said. Dr. Athanase Nduwumuremyi, the Head of Cassava Research...

Tuesday, November 24, 2020 - 9:57am

Sunlight to the rescue: To get the vaccine to everyone, we need solar

2020 is still not over, but can already be crowned as one of the most challenging years humanity has known in a long time. The spread of Covid-19 throughout the world, the prolonged lockdowns that followed it, the high numbers of patients and mortalities, the economic damage, all of these and more...

Tuesday, November 24, 2020 - 9:09am

Lending rates drop, albeit slowly

Rwandan banks’ lending rates have declined, though minimally in response to central bank rates and monetary policy framework, the latest figures from the Central Bank show. According to the central bank’s Monetary Policy Committee, the average lending rate dropped in 2020 to 16.31...

Tuesday, November 24, 2020 - 12:09am

How does a Credit Reference Bureau work?

Defaulting on loan repayments damages a business’ or individuals creditworthiness, making it hard for them to access more funding from banks in future, or having to pay higher interest rates. Creditworthiness is a lender’s willingness to trust their client to pay their debts. But...

Tuesday, November 24, 2020 - 12:08am

Seven initiatives supporting local entrepreneurs and start-ups

With Covid-19 pandemic having affected businesses and threatening the survival of start-ups, The New Times has compiled some ongoing programmes to support start-ups in the country. The initiatives aim to boost businesses’ skills and performance, access to finance, access to advanced...

Tuesday, November 24, 2020 - 12:06am

Entrepreneur’s experience starting a vending outlet

After joining campus, Emmanuel Kayitare was determined to become an entrepreneur immediately on completion of his studies. His dream was to contribute to changing people’s lifestyle by providing them with healthy and natural juice. To fulfill this dream, he opted to take up the evening...

Tuesday, November 17, 2020 - 12:08am

Workers’ trade unions propose scheme to address job losses

Rwanda Workers’ Trade Unions Confederation is assessing the possibility of establishing a ‘Job Loss and Unemployment Benefit Scheme’ that will be providing direct support to employees who lose their jobs. The proposal is founded on the lessons learnt from the effects of Covid-...

Tuesday, November 17, 2020 - 12:07am

Highs and lows of first Rwandan Cheesemaker

At the entrance of the “Formagerie la reine”, one is met by Samuel Ndoli’s calm face, welcoming you to his firm. Ndoli owns and runs Formagerie La Reine, a local cheese firm which is common among shops and supermarkets across the country. Ndoli was raised outside Rwanda...

Tuesday, November 17, 2020 - 12:06am

How local farmers’ cooperative has led them to international markets

Valeria Mukarugerero, a 50-year old member of a pineapple production cooperative “Tuzamurane” tells of struggles in her line of work before she joined a cooperative. “I used to harvest a lot of pineapples from my plantation, but the post-harvest losses were significantly high...

Tuesday, November 17, 2020 - 12:05am

Equity Group grows loan book despite pandemic

Equity Group has reported a 30% growth in its loan book as at 30th September 2020. While releasing the results for Q3 2020, Dr. James Mwangi, Group Managing Director and CEO said, “We grew our loan book by 30% year on year in order to support our customers who saw opportunities of green...

Tuesday, November 17, 2020 - 12:04am

For hundreds of millions of children in Africa, TVs are much more than entertainment

For many years, Africa has been home to many of the greatest development challenges on earth with hundreds of millions living in remote, underserved communities without home electricity, access to clean water, or proper medical service. With undeveloped infrastructure, a rapidly growing...

Tuesday, November 17, 2020 - 12:03am

Central Bank maintains key repo rate at 4.5% to encourage lending

The central bank has maintained its key repo rate at 4.5 per cent aimed at encouraging continued lending to the private sector to support economic recovery following the Covid-19 pandemic which has caused economic slowdown. This followed the quarterly Monetary Policy Committee (MPC) meeting...

Thursday, November 12, 2020 - 12:31pm

New Chinese cafes serving Rwandan coffee exclusively

The foot-hold of Rwanda’s coffee in China is expected to grow even more as one Chinese investor looks to open coffee shops in his city, serving exclusively Rwandan coffee. Anthony Chen, 27, a businessman from Hangzhou has recently opened business dealings with Rwandan coffee producers, and...

Tuesday, November 10, 2020 - 12:16am

Disaster Risk Insurance; How does it work?

Increasing temperatures and sea levels, changing precipitation patterns and more extreme weather are threatening human health and safety, food and water security as well as social economic development in Africa, a new report devoted exclusively to the continent indicated last week. The findings...

Tuesday, November 10, 2020 - 12:15am

Fund to create 22,000 TVET jobs

At least 22,000 youth will be trained in Technical Vocational Education and Training in readiness to work in factories and companies as well as put them in position to create their own jobs. Frank Shyaka, the Manager of the Skills Development Fund funded by the World Bank through the Workforce...

Tuesday, November 10, 2020 - 12:14am

MTN Rwanda launches Mobile Money API

Popular Telecom, MTN Rwanda on Monday, November 9 announced that it had granted access to local developers to its Mobile Money API (Application Programming Interface) platform enabling them build solutions that accept mobile money payments. “We are excited to announce the official opening...

Tuesday, November 10, 2020 - 12:14am

What are the main challenges holding back cooperatives?

Leaders of cooperatives across the country have blamed price fluctuations and lack of market for their produce as one of the challenges that discourage farmers’ participation in cooperatives. This was said during the ongoing cooperative leadership seminar at Kabusunzu RICEM Campus-Kigali...

Tuesday, November 10, 2020 - 12:13am

AfDB commits funding to support the Rwanda Coding Academy

The African Development Bank has signed a grant agreement with the Ministry of ICT and Innovation to support the Rwanda Coding Academy, set up to develop top technology talent to drive a booming, innovation-driven digital economy in the country. The Rwanda Coding Academy was set up as a proof-of...

Tuesday, November 10, 2020 - 12:12am

To save the world we must address the elephant in the room, literally

The year 2020 has taught humanity many new lessons. We learned to re-evaluate the fields of technology, education, the public health sector, our political structure and governments, the cornerstones of the modern economy, and much more. But above all, a particularly significant lesson stands out:...

Tuesday, November 3, 2020 - 9:09am

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