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Methane Gas: 70 More Megawatts on the Way

Methane Gas: 70 More Megawatts on the Way

Rwanda is not yet done with the most ambitious project; the extraction of methane gas in Lake Kivu which, some people had called, ‘a time bomb project’ but was successful…

Tantalum Plant to Be Speeded Up

Tantalum Plant to Be Speeded Up

Rwanda has not yet laid the foundation stone for construction of its first ever tantalum plant, but officials are still optimistic they will have launched it within the next six…

Rwanda Minerals Export Revenues Increase by $207M

Rwanda Minerals Export Revenues Increase by $207M

Rwanda has registered one of the best performances in mining, in the last two years after earning more than double in exports. Rwanda Mines, Petroleum and Gas Board says export…

Rwanda Coffee Penetrates Nigerian Market

Rwanda Coffee Penetrates Nigerian Market

JR Limited Company – a Nigerian coffee company has signed an open ended deal to export Rwandan coffee. The deal was signed between officials of the company and Rwanda Farmers Coffee…

Network Hitches Affecting Cheque Compensation Technology

Network Hitches Affecting Cheque Compensation Technology

Central Bank may need to urgently fix network hiccups to ensure efficient operation of its new cheque compensation technology. In March this year, financial institutions across the country rejoiced as…

BK Group Registers 7.7% Net Income Growth in First Quarter

BK Group Registers 7.7% Net Income Growth in First Quarter

Bank of Kigali Group PLC – Rwanda’s biggest bank by assets, says it registered a 7.7% growth worth Rwf6 billion ($6,972 million) in first quarter of 2018. The…

US Deadline on Second-hand Clothes Elapses, What next?

US Deadline on Second-hand Clothes Elapses, What next?

A second hand market-cagua in Rwamagana district Rwanda has said that it remains open to further discussion with the United States despite the elapse of a deadline for Rwanda…

Macron Pledges €65m for African Startups

Macron Pledges €65m for African Startups

The French Development Agency (AFD) has set aside €65 million towards financing African startups, at the opening of the Vivatech technology expo in Paris. Emmanuel Macron said that France’s…

Rwanda’s Treasury Bond Oversubscribed

Rwanda’s Treasury Bond Oversubscribed

  Barely three weeks since Central Bank announced to issue a 10-year treasury bond, it has been oversubscribed by over 290%. “10-year Treasury Bond worth Rwf10 billion…

Angola,Togo Sign Bilateral Air Service Agreement with Rwanda

Angola,Togo Sign Bilateral Air Service Agreement with Rwanda

Rwanda and Togo have signed a Bilateral Air Service Agreement (BASA) that will enhance Rwanda’s airspace expansion in West Africa.The agreement was signed on Tuesday between Jean de…

Rwanda Calls for Bids to Develop Her Land in Djibouti

Rwanda Calls for Bids to Develop Her Land in Djibouti

Rwanda is receiving bids from local investors who wish to develop the 60 hectares of land the country acquired in Djibouti. The strategic 60 hectares sit on the shores of…

Rwanda Commodities Exchange to Add Coffee, Tea on its Platform

Rwanda Commodities Exchange to Add Coffee, Tea on its Platform

Tea and Coffee farmers in Rwanda could soon start acquiring loans and present their harvest as collaterals. The East Africa Commodities Exchange (EAX) has announced plans to add coffee and…