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Companies

Nakumatt Closing Shop Elsewhere, Going Stronger in Kigali

Nakumatt Closing Shop Elsewhere, Going Stronger in Kigali

Amidst bankruptcy of Nakumatt Holdings in neighbouring countries, the Kigali division has announced plans to open the fourth outlet in one of the city’s strategic commercial areas. The Retail…

100 New Foreign Companies Register in Rwanda

100 New Foreign Companies Register in Rwanda

Rwanda Development Board (RDB) has registered the highest number of Foreign Direct Investment ever, following the recently concluded Kigali International Trade Fair. In collaboration with Private Sector Federation, RDB this…

Rwanda’s $80M Inland Port Due Next Year

Rwanda’s $80M Inland Port Due Next Year

Rwanda is soon getting 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…

Akagera Game Lodge Gets New Management

Akagera Game Lodge Gets New Management

For the next 10 years, Rwanda’s Akagera Game Lodge in Eastern part of the country will be managed by Mantis Collection in a deal to woo more clientele. Rwanda…

RwandAir Appoints UK Firm to Handle its Cargo Services in Europe

RwandAir Appoints UK Firm to Handle its Cargo Services in Europe

Just after RwandAir made its maiden flight from Kigali to London, the airline has selected an agency to handle its sales in the United Kingdom. According to AirCargoNews, the agency…

New Law Cuts $400 From Cost of Setting up a Business

New Law Cuts $400 From Cost of Setting up a Business

Rwandans will be able to register more businesses without incurring extra costs of paying an expert to write a company statute as one of the requirements for legitimizing a business…

Portuguese Company to Build Three 200kV Substations in Rwanda

Portuguese Company to Build Three 200kV Substations in Rwanda

Efacec, a Portuguese firm has won a lucrative deal to construct three power substations in Rwanda very essential in distribution of electricity to remote parts of the country. STEG International…

More China, India Companies to Flock into Rwanda After Kagame Visit

More China, India Companies to Flock into Rwanda After Kagame Visit

The visits to China and India by Rwanda’s President Paul Kagame this year yielded tangible results, the new ambassadors to Rwanda told KT Press Thursday. This afternoon, China’s…

COPEDU Bank Loses Software Hacking Case

COPEDU Bank Loses Software Hacking Case

COPEDU Ltd- a microfinance institution has lost a court case in which it was accused of hacking and breaching contract terms with a software supplier. In 2008 ADFinance Ltd and…

Bank of Kigali Launches Insurance Company

Bank of Kigali Launches Insurance Company

Bank of Kigali has launched an insurance wing with 13 products including an unusual service where a client can be allowed up to Rwf 2 million on personal accident at…

‘Kanta’ Hair Dye Suppliers in Bitter Legal Fight

‘Kanta’ Hair Dye Suppliers in Bitter Legal Fight

Kanta, a hair dye product has been in use for a long time – but these days the product has been pirated and users just buy without checking labels on…

Bank of Kigali Makes Rwf30 billion pre-tax Profit

Bank of Kigali Makes Rwf30 billion pre-tax Profit

Bank of Kigali Group – Rwanda’s largest bank by assets, has announced a pre-tax profit of Rwf30 billion (approx. $36million) and announced a proposed 40% dividends to its shareholders…