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City Tycoon Seeks Rwf374M Compensation from Prime Insurance

City Tycoon Seeks Rwf374M Compensation from Prime Insurance

Prime Insurance – Rwanda is in court being sued for Rwf374 million by a Rwandan businessman whose property was consumed by fire destroying equipment and property worth millions in December…

Sorwathe Launches New $1M Green Tea Factory

Sorwathe Launches New $1M Green Tea Factory

Sorwathe Ltd – Rwanda’s tea-growing and processing company, has launched a new green tea factory worth $1 million (Rwf866 million) in Rulindo district, Northern Province. Factory owners say the…

RwandAir to Launch Flights to Israel Next Year

RwandAir to Launch Flights to Israel Next Year

Rwanda’s National Carrier RwandAir will next year start flights to Israel, a top official announced. “It’s always a pleasure and privilege to meet with Yvonne Makolo – CEO…

BK Group Approved for Listing on Kenya Bourse

BK Group Approved for Listing on Kenya Bourse

Barely 24 hours after Bank of Kigali Group launched sale of its discounted shares, the lender has received approval from Kenya’s Capital Market Authority to list on Nairobi bourse…

RICTA Launches Made in Rwanda Digital Market Campaign

RICTA Launches Made in Rwanda Digital Market Campaign

Rwanda Internet Community and Technology Alliance (RICTA) has launched an e-commerce campaign that will enable local businesses to sell the country’s products on global market. The three- month…

Regis Rugemanshuro is BK Group’s New Executive Member

Regis Rugemanshuro is BK Group’s New Executive Member

Bank of Kigali (BK Group Plc) has added Regis Rugemancuro to its executive team in a move the bank says is in in line with its continues growth. Rugemanshuro who…

Bank of Kigali to Make New Shift in Top Management

Bank of Kigali to Make New Shift in Top Management

Bank of Kigali Group PLC – Rwanda’s biggest Financial Institution in terms of assets, will tomorrow, October 24, announce its new executive members, the lender’s communication department revealed to…

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…

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…

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…

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…

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…