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Rwanda’s $38M Cable Car Project Hooks Italian Investor

Rwanda’s $38M Cable Car Project Hooks Italian Investor

Rwanda has found an investor ready to implement the ambitious cable car project which was budgeted for an enormous $ 38 million three years ago. KT Press has reliably learnt that…

Rwanda’s Pump Prices Increase by Rwf 122/litre

Rwanda’s Pump Prices Increase by Rwf 122/litre

Rwanda has increased fuel pump prices bowing down to the continued pressure mounted by increase on global market. Petrol prices have been the most affected- increasing by Rwf 122 while…

Rwanda Needs WhatsApp, Facebook Banking – Say Financial Experts

Rwanda Needs WhatsApp, Facebook Banking – Say Financial Experts

Experts have said Rwanda’s financial institutions are at a very low pace to adopt digital technologies to increase inclusive access to finance, despite the country’s financial sector registering…

Africa’s First Coltan Plant Due in Rwanda

Africa’s First Coltan Plant Due in Rwanda

By next year, a dream that Rwanda would have its automobile and mobile phone brands that will compete with famous brands from across the world will no longer be too…

Govt Courting Four Firms for $255m for Peat Extraction

Govt Courting Four Firms for $255m for Peat Extraction

Rwanda is courting reputable international and local financiers to fund the peat to power project that is expected to add 80 MW to the national grid, for the country to…

U.S. Fears Losing Business with East Africa

U.S. Fears Losing Business with East Africa

East African bloc has found a stronger business ally to replace the United States of America and trade between the two blocs will but keep shrinking- a survey has warned…

Construction Begins on $818m Bugesera Airport

Construction Begins on $818m Bugesera Airport

Heavy construction machinery has started clearing and hallowing heaps of earth surface to pave way for Rwanda’s long anticipated Bugesera International Airport (BIA). Standing close to the airport site…

Rwanda-DRC to Sign Duty Free Trading Deal

Rwanda-DRC to Sign Duty Free Trading Deal

Rwandan small businesses will be able to exchange commodities with their Congolese counterparts across the border without fear of being arrested. On Thursday, Rwanda and Democratic Republic of Congo (DRC…

BPR Atlas Mara Sacks 300 Employees

BPR Atlas Mara Sacks 300 Employees

  Rwanda’s largest bank-Banque Populaire du Rwanda-BPR Atlas Mara is laying off over 300 employees, KT Press exclusively reports. About 33 of the 300 employees have…

Rwanda Resumes Search For Petroleum Deposits

Rwanda Resumes Search For Petroleum Deposits

Rwanda has resumed search for petroleum deposits in Lake Kivu to join regional countries that are already looking forward to refineries. In 2015 Rwanda locked horns and closed a deal…

Rwanda Makes it Easy to Access Credit than Any African Country

Rwanda Makes it Easy to Access Credit than Any African Country

Rwandans can easily walk into a bank to acquire loans in a short period and start business compared to their African counterparts. In a latest report by the Institute of…

Drones in Rwanda ‘Save Lives, Rather than Killing Machines’

Drones in Rwanda ‘Save Lives, Rather than Killing Machines’

President Paul Kagame this Friday pressed the takeoff button launching the country’s first drone into the skies- it’s a new means of transportation expected to be used in…