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Economy

Why Did ‘Na Yombi’ Customer Care Campaign Fail?

Why Did ‘Na Yombi’ Customer Care Campaign Fail?

During the monthly community work known as ‘Umuganda’ , Ernest Munyeshyaka, a resident of Jali sector – Gasabo district in the capital Kigali surprised many by publicly pinning a local leader for…

Rwanda’s Economy Growing Steadily-World Bank President

Rwanda’s Economy Growing Steadily-World Bank President

The World Bank President Dr. Kim Yong Jim is convinced that Rwanda’s economy is navigating a right path despite limited resources. “Rwanda has managed its economy brilliantly and…

Deal Gone Bad: 16 Containers of Taxi-Motor Headgear Unsold

Deal Gone Bad: 16 Containers of Taxi-Motor Headgear Unsold

More than six years ago, a businessman scooped a deal to import headgears that were to be used by Taxi-motor riders and their clients. He remains a bitter man…

Rwanda’s Inflation Rises to 8.1%

Rwanda’s Inflation Rises to 8.1%

Rwanda’s economy is currently facing rising inflation of up to 8.1% according to recent figures released by the national institute of statistics  (NISR). According to the NISR…

BRD Allocates $267m to Affordable Housing

BRD Allocates $267m to Affordable Housing

Becoming a landlord will be easier next year for anyone earning a stable monthly income of  up to Rwf 300,000. The Development Bank of Rwanda (BRD) has allocated $267…

Rwanda Woos Congolese for I&M Bank IPO

Rwanda Woos Congolese for I&M Bank IPO

Executives from I&M Bank and government officials are in the Rwanda-DR Congo border district of Rubavu to showcase the bank’s scheduled initial public offering (IPO) for…

Rwanda’s Trade Imbalance Down by 5.9%

Rwanda’s Trade Imbalance Down by 5.9%

Rwanda is stepping up efforts to cut down the biting trade imbalance. According to 2016 monetary policy and financial statement released today by Central Bank, the country’s trade deficit…

Indian Investors Pledge $ 1Billion Ventures for Rwanda

Indian Investors Pledge $ 1Billion Ventures for Rwanda

  Indian investors have pledged a $1 billion to invest in new technologies that would improve social wellbeing of Rwandans. Under a 2 year program, the $1billion worth of investment…

MTN Subscribers Can Get Loans Without Collateral

MTN Subscribers Can Get Loans Without Collateral

With only a phone subscribed to MTN, Rwandans can keep saving as little as Frw100  a process that would enable them borrow a soft loan without collateral. Today, the commercial…

Rwanda Sells Major Bank to Finance Bugesera Airport

Rwanda Sells Major Bank to Finance Bugesera Airport

The expected Rwf11.5billion from the sale of the government’s stake in local I&M Bank will be invested into the new Bugesera International Airport – currently under construction…

First Satisfy Local Market, Kagame Tells Investors

First Satisfy Local Market, Kagame Tells Investors

  President Paul Kagame has told local manufacturers to first think about local market before focusing on the region while consumers back home are ‘starving’. The president today toured Special…

Rwandan Agro Entrepreneurs Excel in Africa

Rwandan Agro Entrepreneurs Excel in Africa

Innovations by eleven Rwandan young entrepreneurs have high ability of contributing solutions to agriculture challenges across Africa – the Regional Universities Forum for Capacity Building  in Agriculture (RUFORUM) has selected…