Business

Made-in-Rwanda promoters react to stimulus

Enterprises promoting Made-in-Rwanda products-that were hit by Covid-19- have welcomed recently unveiled a Rwf300 million fund and called for support from the fund. Last week, the Ministry of Youth and Sports, Rwanda Language Academy of Language and Culture (RALC) and Imbuto Foundation launched...

Tuesday, July 28, 2020 - 12:05am

BRD, World Bank commence fundraising for Ignite Power

The Development Bank of Rwanda (BRD), the World Bank, and the Swedish International Development Agency (SIDA) have announced a strategic fund-raising and collaboration to raise capital for Ignite Power. Ignite Power is a Rwandan renewable energy firm with investment in solar energy. The firm...

Tuesday, July 28, 2020 - 12:04am

The worst will be soon behind us - optimism amid Covid-19

The Covid-19 virus has brought many new elements into our day-to-day routine. The fear of an invisible enemy, social distancing, enhanced personal hygiene, and more, drastically changing our lives in only a few weeks. But most significant of all, is the withering uncertainty: an element that has...

Tuesday, July 28, 2020 - 12:03am

Planning is more important than prediction for Africa’s property sector now

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better...

Tuesday, July 28, 2020 - 12:02am

Five business lessons to learn from Covid-19 pandemic

The Covid-19 pandemic has accelerated the pace of change in the business world. Business sector is adapting to operate in an ever-evolving landscape where the only certainty is change. Globally, the pandemic has left hundreds of thousands of people, sent millions into unemployment and devastated...

Tuesday, July 21, 2020 - 12:13am

Nuts and Bolts: Understanding Internet generation from 1G to 5G

According to the International Telecommunication Union (ITU) report, Rwandans spend about 7.1 per cent of their average income on internet. Today, it is likely that a big percentage of daily activities such as work, communicating with people, even getting food and other essentials can be done via...

Tuesday, July 21, 2020 - 12:12am

Bugesera women farmers to tap into vegetable export market

Women in agribusiness from Bugesera District are set to start exporting vegetables following the investment in irrigation enabling them produce outside the limitations of agricultural seasons. Esperance Mukarwego is a farmer of amaranth near Lake Cyohoha in Mayange sector. She said that she...

Tuesday, July 21, 2020 - 12:11am

Domestic tourism expected to revive Rwanda’s revenue-sharing scheme

Promoting regional and domestic tourism could revive the revenue sharing scheme across the country enabling communities get past the impact of Covid-19 in the tourism sector which has suspended community support projects, Rwanda Development Board has said. This is according to Eugene Mutangana,...

Tuesday, July 21, 2020 - 12:11am

Coffee farmers receive Rwf60 million for packaging

Rwanda Coffee Farmers Federation (RCCF) has secured Rwf60 million in funding for adopt internationally accepted coffee packaging bags that will enable them to leverage coffee export on global markets. The move according to the federation will among other things ensure the supply of safe products...

Tuesday, July 21, 2020 - 12:10am

Fiscal Incentives should be crucial for Rwanda’s economic growth.

For the past decade, Rwanda has achieved impressive economic growth through structural transformation. Its political and macroeconomic stability, friendly business environments, and attractiveness for investors are all contributing factors to Rwanda’s economic growth.   Rwanda aspires...

Tuesday, July 21, 2020 - 12:09am

Don’t just electrify remote health centres, equip and connect them!

When thinking of the global health and financial crisis that is not showing any signs of fading, two well-known sayings come to mind. The first, by Sir Winston Churchill, who said: “Never let a good crisis go to waste”. The second belongs to Vladimir Lenin, who said: “There are...

Tuesday, July 21, 2020 - 12:08am

Startup producing packaging bags from banana trunks lands support

Young entrepreneurs in green growth from Rwanda-who make packaging bags from banana trunks- are among 15 teams from 12 countries around the world who have been selected by Global Green Growth Institute to benefit from entrepreneurship support. The Rwandan entrepreneurs who founded the company...

Wednesday, July 15, 2020 - 5:37pm

How technology can bring new life to informal retail in Rwanda

During the pandemic, there has been a narrative that Covid-19 has completely altered the landscape of Rwanda. It is a statement that definitely holds strong validity but in some respects, Covid-19 has also strengthened a number of pre-existing trends in our country. For example, we are a nation...

Tuesday, July 14, 2020 - 1:30pm

World Bank outlines Rwanda's 6-year support framework

The World Bank Group Board of Executive Directors on Monday 13th July discussed the Rwanda Country Partnership Framework (CPF) for the period 2021-26. Partnership framework will guide the Bank Group’s work for the next 6 years supporting the government’s strategic priorities as laid...

Tuesday, July 14, 2020 - 12:05pm

Kinuma moves to head TransUnion from Mobicash

Credit risk management firm TransUnion has named Emile Kinuma as its new Rwanda Chief Executive. Kinuma was until recently the Chief Executive of Mobicash, the popular mobile payment and Fintech Company. The global information and insights company’s announcement comes as at a time when...

Tuesday, July 14, 2020 - 11:07am

8,000 farmers secure jobs to address Sebeya River floods

At least 8,000 residents from Rubavu District have secured jobs amid the Covid-19 pandemic, to work in addressing floods that are caused by Sebeya River. The river floods have been adversely affecting Rubavu, Rutsiro, Nyabihu and Ngororero Districts. Building infrastructure to eliminate the...

Tuesday, July 14, 2020 - 12:32am

Nuts and Bolts: How social media influencers make money

Did you know that Ariana Grande, Kylie Jenner and Cristiano Ronaldo can make about $ 1 million on a sponsored posts on Instagram? Social media influencers are creating a new class of celebrity and turning it into a revenue stream. Though they may not come from the entertainment industry many of...

Tuesday, July 14, 2020 - 12:32am

Johnnie Walker to package whisky in paper-based bottles

Diageo, makers of Johnnie Walker, Smirnoff and Guinness, have announced that it has created the world’s first ever 100 per cent plastic free paper-based spirits bottle, made entirely from sustainably sourced wood. The bottle will debut with Johnnie Walker, the popular Scotch Whisky, in early...

Tuesday, July 14, 2020 - 12:31am

Regional business council pushes for reopening of skies

In a bid to facilitate the recovery of struggling economies across the region, the East African Business Council (EABC) is rallying its member states to reopen the regional airspace that was closed due to the coronavirus pandemic. This, experts argue will among other factors kick start trade,...

Tuesday, July 14, 2020 - 12:29am

Varsity students ease online bookings process for local tourism amid Covid-19 pandemic

An extraordinary Cabinet meeting held mid-last month, resolved that hotels will be allowed to host gatherings, meetings and conferences.  The meeting also allowed domestic and international tourism for visitors traveling on chartered flights. In a bid to facilitate recovery from the...

Tuesday, July 7, 2020 - 1:44pm

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