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Markets

NMG Appoints New Boss as CashlessRwanda Campaign Closes

NMG Appoints New Boss as CashlessRwanda Campaign Closes

The Kenyan based media outlet, Nation Media Group (NMG) has announced appointment of Stephen Gitagama taking over from Joseph Muganda who has served for less than two years. NMG is…

Local Bourse Turnovers Improving- RSE

Local Bourse Turnovers Improving- RSE

Rwanda’s stock exchange has improved its performance in trade volumes and investments despite facing shocks in the previous year. By the end of October 2017, total volumes on the…

Rwanda Calls for More Investment as Stock Markets Improve

Rwanda Calls for More Investment as Stock Markets Improve

Rwanda stock exchange (RSE) has asked citizens and investors to pool funds and savings to invest in the local bourse. “I urge people to come together and form savings groups…

Rwanda to Establish International Financial Centre

Rwanda to Establish International Financial Centre

Rwanda will soon be able to handle cash transactions for regional and international financial service providers following an endorsement to establish Kigali International Financial Center (KIFC). The cabinet meeting on…

Students Silently Getting Rich Through Shares

Students Silently Getting Rich Through Shares

Claver Rusaro and two other students at College of Agriculture, Animal Sciences and Veterinary Medicine (CAVM) in Musanze district studied under difficult circumstances unable to afford transport and books. This…

Rwanda Sets Bourse Automation Deadline

Rwanda Sets Bourse Automation Deadline

Rwanda Stock Exchange (RSE) has confirmed that by June 2018—the local bourse will go electronic in its trading business. “So far we are implementing the process and the required…

Rwangombwa outlines Safety and Security in Going Cashless

Rwangombwa outlines Safety and Security in Going Cashless

Embracing cashless lifestyle is more convenient and safer that carrying around loads of cash, the Rwanda central Bank Governor John Rwangombwa has said. Research conducted by the central bank in…

Euro Gains over US Dollar and Local Currencies

Euro Gains over US Dollar and Local Currencies

After days of staggering, the Euro has gained its buying and selling power against the Rwandan franc in the past two days. On Tuesday the Euro bought at Rwf993.3…

Central Bank Urges Rwandans To Go Cashless

Central Bank Urges Rwandans To Go Cashless

The Central Bank has asked Rwandans to adopt digital and cashless payment modules to reduce time wasted in counting paper money and coins on a daily basis. Findings presented by…

Small Companies Can Buy Bonds on Rwanda Stock Market

Small Companies Can Buy Bonds on Rwanda Stock Market

Any other small sized business with cash ready to invest will be able to buy secondary bonds which will be listed on the Rwanda Stock Exchange on November 28th. These…

Rwanda’s Rwf10B Bond Fully Subscribed

Rwanda’s Rwf10B Bond Fully Subscribed

The latest 7-year treasury bond (T-bond FXD4/2017/7YRS) could see government having more money than it asked for on Rwf10 billion bond. According to Robert Twagira, the…

Rwanda Optimistic With Rwf10billion bond Subscription

Rwanda Optimistic With Rwf10billion bond Subscription

The long awaited 7-year Treasury bond worth Rwf10 billion ($11.72m) opened today to investors and the general public. The bond will stay open till Wednesday November 22nd for…