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Economy

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…

Rwanda Suspends Import of Chicken and Eggs from Uganda

Rwanda Suspends Import of Chicken and Eggs from Uganda

The rapid spread of bird flu in Ugandan has caused Rwanda to immediately stop any importation of both chicken and eggs from its northern neighbour. A communiqué from the ministry…

Ghanaian Investors Seek Business Deals in Rwanda

Ghanaian Investors Seek Business Deals in Rwanda

Ghanaian business community is cheerful about their maiden trip to Rwanda where they expect to explore various opportunities and learn from the country’s transformation. Citi FM a popular…

Rwanda Announces Direct Flights to India, Signs More Trade Deals

Rwanda Announces Direct Flights to India, Signs More Trade Deals

Business between Rwanda and India will become easier following an announcement that there will be direct flights from Kigali. President Paul Kagame has pledged that his country’s national…

President Kagame to Present New Business Opportunities in India

President Kagame to Present New Business Opportunities in India

Rwanda is likely to strike important deals from India at a vibrant business summit where world investors will converge to explore outstanding investment opportunities. President Paul Kagame, accompanied by a…

Businesses, NGOs in Residential Areas to Relocate Before April

Businesses, NGOs in Residential Areas to Relocate Before April

All businesses and nongovernmental organizations are required to operate from areas specifically designated for commercial and office purposes – a new directive has been announced by the city of Kigali…

Pump Price increases by Rwf 22

Pump Price increases by Rwf 22

Car owners will have to dig deeper into their pockets to keep driving.   In a communiqué from Rwanda Utilities Regulatory Authority (RURA) has announced that effective January 4, 2017…

U$200 billion of FDI Could Bailout Africa’s Economy

U$200 billion of FDI Could Bailout Africa’s Economy

Experts believe Africa can overcome its economic challenges if it taps into the U$200 billion of Foreign Direct investment-FDI that is waiting for bankable projects on the continent…