Business

How NAEB’s interventions could save Rwanda’s horticulture exports recovery

To resume normalcy of horticulture export, the volumes of weekly exports will have to rise from a  current export capacity of 30-35 Metric tonnes  to between 80-100 Metric tonnes as was the case prior to the COVID-19 pandemic. Following weeks of slowed business activity resulting from...

Tuesday, May 26, 2020 - 12:04am

Nuts and Bolts: Economic depreciation and inflation

In late 2019, food prices went up across the country raising concern among retailers and consumers with some afraid that the trend could persist further. Increased foodstuff prices consequently drove up inflation to 6.9 per cent as of November, from 4.4 per cent in October. This was beyond the...

Tuesday, May 26, 2020 - 12:03am

This is only the “end of the beginning”: COVID-19’s implications are just starting

If you ask doctors who are currently dealing with COVID-19 what they fear the most, you’ll likely get similar responses. The biggest apprehension among the medical community is that the virus will change, mutate, and become more contagious and deadly. While humanity is already dealing with...

Tuesday, May 26, 2020 - 12:02am

Information technology in money and banking industry

Banks are key components in financial systems and economies that provide specialized financial services in a manner that allocate funds from savers to borrowers and facilitates in fulfilling all functions of money and its circulation in economies. The development and growth in information...

Tuesday, May 26, 2020 - 12:01am

Can farmers make the most of wetlands to boost food security?

Rwanda Agriculture and Animal Resources Development Board (RAB) has urged farmers across the country to make use of agricultural wetlands and hillsides for respectively growing irrigated short-term  crops and drought-resistant crops under 2020 Agricultural season C. The short-term crops are...

Tuesday, May 19, 2020 - 12:31am

CHOGM investments not lost, govt reassures

Investment by the government and the private sector in readiness for the Commonwealth Heads of States and Government Meeting which was scheduled for July this year have not been lost or wasted, the foreign ministry has said. Though it is still unclear when the next CHOGM will be held, Foreign...

Tuesday, May 19, 2020 - 12:30am

How two students are improving nutrition for orphans through kitchen gardens

During a visit to an orphanage in Masaka, in Kigali, 22-year-old Nadine Iradukunda, was invited to share a meal with the children. While they ate, Iradukunda who is a Mastercard Foundation Scholar studying at Ashesi University in Ghana, she wondered how the children would remain healthy and strong...

Tuesday, May 19, 2020 - 12:28am

Multiple ways to earn from agriculture; entrepreneur’s experience

Chris Rutinduka is the brains behind ‘Green Plant Company’, a local firm that works in the agriculture sector (growing crops and rearing animals). His interest in farming developed at a young age, starting with chicken rearing and selling which was often the source of revenue to buy...

Tuesday, May 19, 2020 - 12:27am

Trends shaping food delivery business; city café partners with tech startup

The food delivery business is further undergoing innovation as players find avenues to reduce delivery time and clients’ convenience. The latest development in the sector is a partnership between Cafe Camellia a popular city restaurant with a local tech startup Bifata Ltd to launch a...

Tuesday, May 19, 2020 - 12:26am

Coming from the lockdown, could solar energy be the next big thing?

Thousands of managers and executives around the world have a small plastic sign in their office, with the phrase “expect the unexpected.” But even the most creative mind could not foresee such a significant global event as the Corona epidemic.  Even the most extreme science...

Tuesday, May 19, 2020 - 12:25am

From hawking clothes to owning a boutique: entrepreneur’s journey

As a young boy, Clement Gutunga always knew he would one day become a business person, just like his mother. However, he wasn’t sure how this would happen until he joined secondary school. How it all started Back in high school, Gutunga started developing an interest in fashion; he...

Tuesday, May 12, 2020 - 12:26am

Govt to insure more crops as farmers bear negative impacts of floods

Following disasters that continue to destroy farmers’ crops and kill domestic animals, the Ministry of Agriculture and Animal Resources (MINAGRI) has said that it is going to subsidize insurance cost for more crops and livestock so as to cushion farmers against losses. Farmers in Gakenke...

Tuesday, May 12, 2020 - 12:25am

The economic impact of disasters on Rwanda in 4 months of 2020

A series of disasters have destroyed at least 3,117 hectares of crops, 124 roads and 64 bridges disrupting economic activities across the country between January and April this year, a report by the Ministry in charge of Emergency Management shows. The disasters which include floods, thunder,...

Tuesday, May 12, 2020 - 12:23am

What you should know when starting a floristry business

Nadia Uwase’s ambitions growing up was to be an events’ planner, however, having tried out her longed-for profession, her whim was short-lived due to customers that took her services for granted, as they often failed to pay on time leading to losses. The business collapsed. ...

Tuesday, May 12, 2020 - 12:22am

African banks confident on growth of cashless payments

Six in ten banking executives in Africa and Middle East think cash will dip below 5 per cent of retail transactions in the next five years, compared to 48 per cent globally. The global Coronavirus pandemic is likely to reinforce this trend; Africa and Middle East retail banks believe delaying...

Tuesday, May 12, 2020 - 12:21am

Lockdowns, remote education, and local innovation: What will post Corona life look like?

At the beginning of the year, just 4 months ago (which feels like a decade), I carefully assessed how Africa’s everyday life will change over the next decade. I focused on long-term trends that will take place over the years, and are expected to re-shape life across the continent. Back then,...

Tuesday, May 12, 2020 - 12:20am

NCBA Bank contributes Rwf50m towards COVID-19 fund

NCBA Bank Rwanda, formerly Commercial Bank of Africa, announced Tuesday it has contributed Rwf50 million towards the government initiated donations fund aimed at containing the new coronavirus pandemic. “The Board and Staff of NCBA Bank Rwanda Plc are contributing 50 million Rwandan francs...

Tuesday, May 5, 2020 - 10:11am

40% of EAC businesses uncertain of continuity amid COVID-19

Over 40 per cent of the businesses in the East African Region are uncertain of their business continuity six months from now due to the COVID-19 pandemic, a survey by the East African Business Council has shown. The survey showed that the pandemic and measures to curb it have generated...

Tuesday, May 5, 2020 - 12:25am

COVID-19: How EAC trade can recover from impact of pandemic

East African Community partner states need to immediately source for alternative markets for their imports and exports to reduce dependency on a few countries, for their trade to recover from the impact of the ongoing pandemic. This is one of the immediate recovery strategies proposed by a...

Tuesday, May 5, 2020 - 12:24am

Brace for remittances drop, World Bank says

Communities, societies and families that are dependent on foreign remittances should brace for a drop in their source of livelihoods as global remittances are expected to experience the sharpest decline in recent history. This is according to the World Bank Group partly basing on projections of...

Tuesday, May 5, 2020 - 12:23am

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