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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…

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…

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…

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…

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, Italy Sign Air Service Agreement

Rwanda, Italy Sign Air Service Agreement

In a period of ‘not’ more than a year from now, Rwanda’s carrier RwandAir will have started direct flights to Italy. The government through the Ministry of Infrastructure signed…

Kigali Is Africa Business Center – Geneva Chamber of Commerce Boss

Kigali Is Africa Business Center – Geneva Chamber of Commerce Boss

Trade officials in the Switzerland have said that Kigali is becoming their competitor in hosting high end international conferences and thus, have to fight hard to retain their supremacy. Their…

Government Rolls out 3rd Annual Rwf15billion T-Bonds

Government Rolls out 3rd Annual Rwf15billion T-Bonds

Rwanda’s Central Bank (BNR) has announced plans to reopen issuance of its Rwf15billion ($17.4M) treasury bonds as part of a bigger plan to build the capital markets. The…

RwandAir Announces 24% Shift in Passenger Travel Rates

RwandAir Announces 24% Shift in Passenger Travel Rates

Rwanda’s national carrier – RwandAir has announced plans to increase the number of travel passengers from 926,571 to 1,151,300, during fiscal year 2018/2019, representing an increase…

Rwanda to Award the Best Coffee Next Week

Rwanda to Award the Best Coffee Next Week

Organizers of Cup of Excellence (CoE), an award given to the company and farmers who produced the best quality coffee and farmers have nominated 147 competitors for the second stage…

Rwanda International Trade Fair Goes Cashless

Rwanda International Trade Fair Goes Cashless

Rwanda International Trade Fair (RITF) has put in place facilities that will allow clients to just carry e-payment cards and enjoy products and services from Rwanda and 23 foreign…