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RwandAir Announces Plan to Purchase More Planes

RwandAir Announces Plan to Purchase More Planes

Rwanda’s national carrier RwandAir is in the process of evaluating possibilities of purchasing an Airbus A321LR and Boeing 737-7 to operate on European routes during off-peak seasons…

Rwanda’s Premium Coffee Places High Prices on Global Market

Rwanda’s Premium Coffee Places High Prices on Global Market

Local producers of Rwanda’s premium coffee could be smiling, following a 5 times sale of their coffee on global market. At an internet auction activity organized by the National…

Sorwal MatchBox Factory Auctioned

Sorwal MatchBox Factory Auctioned

Rwanda’s only existing matchbox producing plant has finally been sold at half the price of what was initially bargained, renewing hope for having locally made matchboxes. Morrocan investor, Rafik…

Gov’t to Privatise 5 Rural Factories

Gov’t to Privatise 5 Rural Factories

Members of the Rwandan Private Sector and interested foreigners could start preparing bids to take up five lucrative factories in rural Rwanda. The Ministry of Trade and Industry says government…

Hope to Produce Made In Rwanda Match Box Vanishes

Hope to Produce Made In Rwanda Match Box Vanishes

Rwanda’s hope of producing locally made matchboxes has come to an end after a historical plant was liquidated and auctioned. Unless a serious investor comes up with a different…

Kagame Predicts Positive Journey for Investment Growth in Africa

Kagame Predicts Positive Journey for Investment Growth in Africa

President Paul Kagame has told a World Bank Financing Forum in Rwanda that Africa is on the right track to attain its investment targets, despite remaining with some distance to…

Rwandan Food Factory Scoops Swiss SDG Award

Rwandan Food Factory Scoops Swiss SDG Award

Rwanda’s Africa Improved Foods (AIF) factory has scooped the first Sustainable Development Goals (SDG) Award for promoting sustainable consumption of food patterns and fighting malnutrition. The SDG12 award was…

BRD, BDEGL Sign $5M Deal to Fund Agriculture, Housing

BRD, BDEGL Sign $5M Deal to Fund Agriculture, Housing

Rwanda Development Bank (BRD) has secured a $5 million line of credit from “Banque de Development des Etats des Grand Lac (BDEGL) that would support the bank’s…

BK Group Registers Rwf13.4Bn Net Profit in the First 6 Months

BK Group Registers Rwf13.4Bn Net Profit in the First 6 Months

Top leadership of BK Group Plc says they are optimistic the lender will hit Rwf28Bn target following Rwf13.4Bn ($15.4million) profit after Tax in the first six months of…

Symbion Power Subcontracts Engines Supplier for Rwanda’s Methane Gas

Symbion Power Subcontracts Engines Supplier for Rwanda’s Methane Gas

In the contract, Clarke Energy will supply approximately 25 GE Jenbacher gas engines to Kivu 56 and KP1 power plants, a deal which, according to Symbion, is expected to create…

RRA Marks 20 Years Anniversary

RRA Marks 20 Years Anniversary

Rwanda Revenue Authority (RRA) has unveiled the plan to celebrate 20 years of transformation from a failed state after the 1994 Genocide against Tutsi to a competitive and sustainable tax…

Rwanda to Fetch $4M from International Coffee Gathering

Rwanda to Fetch $4M from International Coffee Gathering

Rwanda will next year host an international coffee conference which is expected to earn the country $4 million to its coffers. The conference, expected to take place from February 13…