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Rwanda Re-opens Rwf10 Billion T-Bond

Rwanda Re-opens Rwf10 Billion T-Bond

Rwanda will reopen a-7 year Coupon Treasury Bond worth Rwf10 Billion ($11.4 million) from June 25th -27th, 2018 by revisiting the previous issued bonds with the same maturity…

Gov’t Suspends Kenyan Company over Failure to Automate Saccos

Gov’t Suspends Kenyan Company over Failure to Automate Saccos

Government has suspended its contract with FinTech – a Kenyan subsidiary of FinTech Group after reportedly failing to offer quality services for establishment of a cooperative bank. In July 2014, President…

Africa Financiers in Rwanda to Discuss Cashless Economy

Africa Financiers in Rwanda to Discuss Cashless Economy

Continental financial gurus are expected in Kigali to discuss African opportunity to showcase development in building a cashless economy. On June 20, Rwanda will host the 25th Society for Worldwide…

Rwanda Registers 10.6% GDP Growth

Rwanda Registers 10.6% GDP Growth

Rwanda’s economy registered Growth Domestic Product increase of 10.6% in the first quarter of 2018, with services sector growth of 12%, National Institute of Rwanda announced on Monday…

Rwanda, Singapore Sign Aviation Agreement

Rwanda, Singapore Sign Aviation Agreement

Rwanda and Singapore have signed Bilateral Air Services Agreements which could see RwandAir expand its flights to the Asian country, one of the world’s fastest growing countries. “We have…

Budget2018: Rwanda Increases Tax on Second Hand Clothes

Budget2018: Rwanda Increases Tax on Second Hand Clothes

Rwanda has maintained her stance on second-hand garments and footwear amidst threats to scrap its advantages on the US market. While presenting the Rwf2,443.5 billion 2018/2019…

Rice Farmers Increase Prices

Rice Farmers Increase Prices

The Federation of Rice growers in Rwanda (FUCORIRWA) has announced an increase in farm rice prices by one Rwandan franc, with plans to build a new office for rice growers…

Senate Tasks Gov’t to Put Acquired Port Land to Use

Senate Tasks Gov’t to Put Acquired Port Land to Use

Rwandan Senate has given government up to six months to come up with a clear action plan and follow up on how to put to productivity port land the country…

Irish Potato Prices Soar

Irish Potato Prices Soar

Irish Potato prices across the country have shot high barely five months after the government put restrictions on middlemen brokering prices and supply of one of Rwanda’s staple food…

RwandAir Secures Approval for Direct Flights to the US

RwandAir Secures Approval for Direct Flights to the US

Passengers using Rwanda’s National Carrier, RwandAir could start enjoying direct flight services to the United States, following US transport department’s approval. The licence gives RwandAir more business for…

Cement Scarcity Sabotages Completion of New Inland Port

Cement Scarcity Sabotages Completion of New Inland Port

Rwanda is awaiting for a new inland port which is scheduled to boost the 48-year old Magasins Generaux du Rwanda (MAGERWA). In January 2016, the government signed a 25…

Methane Gas: 70 More Megawatts on the Way

Methane Gas: 70 More Megawatts on the Way

Rwanda is not yet done with the most ambitious project; the extraction of methane gas in Lake Kivu which, some people had called, ‘a time bomb project’ but was successful…