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Economy

Gov’t Okays Made In Rwanda Support Policy

Gov’t Okays Made In Rwanda Support Policy

All companies and individuals dealing in ‘Made in Rwanda’products will be given a threshold – following a cabinet approval on Tuesday. The cabinet meeting, chaired by President Paul Kagame approved…

Rwanda’s Army Bank Makes Rwf8Bn Profit After Tax

Rwanda’s Army Bank Makes Rwf8Bn Profit After Tax

Rwanda’s Amy bank,  Zigama CSS has announced it will fetch Rwf8 billion ($9.3million) profit after tax before end of this financial year. Zigama CSS could soon rise to…

Rwanda Rebrands Tea Package Identity

Rwanda Rebrands Tea Package Identity

Rwanda has re-branded its tea package that redefines the tea industry identity, uniqueness and values at global level. Two months ago Rwanda’s Sorwathe Tea Factory won a…

Rwf2.1B Remains Unclaimed in Rwandan Banks

Rwf2.1B Remains Unclaimed in Rwandan Banks

Rwanda central bank (BNR) is undecided on what to do with over Rwf2.1billion that has collectively been idle on bank accounts in different banks. The Director of Banking Supervision…

Rwanda Grows in Digital Payment

Rwanda Grows in Digital Payment

New financial statistics indicate that the number of credit and debit cards have increased as the country sets new electronic payment targets towards a cashless society. Central bank figures show…

Experts Want Rwanda to Cut Expenditure On Printing Money

Experts Want Rwanda to Cut Expenditure On Printing Money

Rwanda has shown tremendous growth in its drive towards a cashless economy and now experts want focus on decreasing expenditure in printing notes. With digital financial services now available 24…

300 Residents Vacate Cimerwa Quarry Area

300 Residents Vacate Cimerwa Quarry Area

Eighteen families in Rusizi district have been relieved from fear for negative health effects due to proximity to CIMERWA – Rwanda’s cement factory. Juvenal Rutaganda, the Strategic Initiative Manager…

Rwanda Credited for Opening Air Space

Rwanda Credited for Opening Air Space

Prime Minister Edouard Ngirente has called for improved aviation infrastructure, free visa movement and intra Africa trade in open air space as way of reducing financial losses made in Africa…

IMF Predicts Healthy Economic Growth for Rwanda

IMF Predicts Healthy Economic Growth for Rwanda

The International Monetary Fund (IMF) predicts Rwanda’s economy will continue to grow at a healthy rate this year. The IMF review team, said that this year’s growth is…

Sir Ian Wood Rewards Rwanda’s Tea Farming Partners

Sir Ian Wood Rewards Rwanda’s Tea Farming Partners

Anthere Hakizimana 61, a resident of Rusizi district in Western Rwanda, could have quit tea faming – a profession he has practiced for 20 years had it not been for the…

Last Establishment at Gikondo Industrial Park to Relocate

Last Establishment at Gikondo Industrial Park to Relocate

The last manufacturing company that was still adamant to relocate to the gazetted Kigali Special Economic Zone (KSEZ) has announced decision to move. Relocation of 14 industries operating from Gikondo…

Government to Auction Rwf10 billion Bond

Government to Auction Rwf10 billion Bond

The Central Bank of Rwanda will this month roll out Rwf10 billion Treasury bond on the local bourse. The Rwf100, 000 per bond is expected to be auctioned on the…