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BK Group Gets Rights Issue Shares Worth 60 Billion

BK Group Gets Rights Issue Shares Worth 60 Billion

Rwanda Capital Market Authority (CMA) and Rwanda Stoke Exchange have granted the Bank Of Kigali Group PLC rights issue to raise additional capital from its existing shareholders by giving them…

Kigali Satellite Towns Put Wall on Land Scramble

Kigali Satellite Towns Put Wall on Land Scramble

Rwanda’s satellite towns have turned into the other option to Kigali city residents who dream of owning a home. This, according to those scrambling for satellite towns, is triggered…

Tantalum Refinery Plant Launch Extended to February 2019

Tantalum Refinery Plant Launch Extended to February 2019

PLG Plc – a Malta-based International (PLG Plc.) a vertically integrated, metallic materials science company which signed deal to build the tantalum refinery plant in Rwanda has extended its deadline…

Nigerians Dominate YouthConnekt Africa Innovation Awards

Nigerians Dominate YouthConnekt Africa Innovation Awards

David Kinzuzi receives a dummy check at the closing of YouthConektTwo young Africans from Nigeria walked away with a total $10,000 prizes for emerging among the best innovators at…

Rwanda Slashes 4G Internet Prices

Rwanda Slashes 4G Internet Prices

Korea telecommunication Rwanda Network (KTRN) has further cut its 4th Generation (4G) internet prices to as low as Rwf1000, to allow more Rwandans afford and access this type of internet…

How ‘Affordable’Are Gacuriro Vision City Houses?

How ‘Affordable’Are Gacuriro Vision City Houses?

On Tuesday this week, news broke out that Rwanda’s civil servants who have long dreamed to own affordable houses could now shift to ‘affordable’ newly constructed plush apartments in…

Rwanda Drops Kenya as Source of Fuel Imports

Rwanda Drops Kenya as Source of Fuel Imports

Rwanda no longer imports some of its petroleum products from Kenya because of adulteration, a senior Kenyan politician has revealed. Kalonzo Musyoka, a former Vice president and currently one of…

Rwanda’s Inland Port Due Next Month

Rwanda’s Inland Port Due Next Month

Rwanda’s first modern Inland Port will be officially up and running starting this November 2018, officials have confirmed. The two phase $80M port project, sitting on 30 hectares in…

Rwanda’s Revenue Collections Inceeased by 22%

Rwanda’s Revenue Collections Inceeased by 22%

Rwanda Revenue Authority (RRA) has announced an increase of taxes by 22% since Rwanda’s transformation from a failed state after the 1994 Genocide against Tutsi to a competitive…

“YEGO cab” – a New ‘Low Cost’ Taxi- Service Launched in Kigali

“YEGO cab” – a New ‘Low Cost’ Taxi- Service Launched in Kigali

  Yego Innovations Limited – a local tech company has introduced a new taxi service named “YEGO cab” where cab services will be only offered by calling a toll-free number…

Cheque Compensation Delays to End Next Year – Central Bank

Cheque Compensation Delays to End Next Year – Central Bank

Rwanda’s Central Bank (BNR) has said that the cheque compensation technology known as ‘Cheque Truncation System (CTS)’ will be fully up and running effectively June 2019. The CTS…

Central Bank Maintains Repo Rate at 5.5%

Central Bank Maintains Repo Rate at 5.5%

Rwanda’s Central Bank says it has decided to maintain its lending rate at 5.5%, following stable economic performance. This means that Financial Institutions in the country will continue…