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$20M invested in ‘Tap and Go’ Technology

$20M invested in ‘Tap and Go’ Technology

The Made in Rwanda technology has started earning good returns for the innovators after attracting foreign investors, the Rwanda Development Board (RDB) has revealed. Rwanda has developed three mechanisms to…

Cooper Pharma Unveils $6M Hub in Rwanda

Cooper Pharma Unveils $6M Hub in Rwanda

Rwanda has launched construction of its first pharmaceutical plant which will manufacture a range of drugs, thus cutting medical import expenses. The plant, Cooper Pharma East Africa by Cooper Pharma…

Rwandair to Start Flights to Abuja on Bonané

Rwandair to Start Flights to Abuja on Bonané

RwandAir will effective January start flying to Abuja in Nigeria, an announcement from the Ministry of Infrastructure reads. “The Government of Nigeria has approved flights to Abuja starting on January…

Moroccan Company to Build Pharmaceutical Plant in Rwanda

Moroccan Company to Build Pharmaceutical Plant in Rwanda

Cooper Pharma, a Moroccan pharmaceutical company, will on Friday launch the construction of an antibiotics plant in Rwanda. The plant will be built on a plot of 20,000 square…

Dozens to Lose Jobs as Ecobank Closes 5 Branches

Dozens to Lose Jobs as Ecobank Closes 5 Branches

Ecobank – Rwanda SA, a subsidiary of Ecobank Group, a pan-African banking conglomerate with banking operations in 36 African countries could be going through a crisis. Sources close to the…

MTN Internet Prices Drop

MTN Internet Prices Drop

Rwanda’s first mobile network MTN has significantly cut down internet prices by 80% for its data subscribers. Under the revised data, one MB which was earlier priced at Frw56…

TDB Bank Announces extra Financing Packages

TDB Bank Announces extra Financing Packages

The Trade and Development Bank (TDB) – formerly Eastern and Southern African Trade and Development Bank or PTA, has announced plan to widen its financing of big projects in Rwanda. The…

Office Co-sharing Trend Picking up in Kigali

Office Co-sharing Trend Picking up in Kigali

As commercial space for renting in Kigali gets complex in terms of affordability, proprietors of buildings have come up with impressive ideas. One can only pay for space they need…

MTN, Cogebanque Sign e-banking Deal

MTN, Cogebanque Sign e-banking Deal

MTN Rwanda subscribers that are also clients of Cogebanque will now have their mobile money wallets linked to their bank accounts. “Push and Pull”, is a new business partnership the…

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…