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Rwanda’s I&M Bank Director Resigns

Rwanda’s I&M Bank Director Resigns

The Managing Director of Rwanda’s I&M Bank, Mr. Sanjeev Anand ,has resigned; KT Press has reliably learnt. Sanjeev has been heading the Bank’s 15-member top…

Rwanda Is Largest Exporter Of Major Minerals In Region

Rwanda Is Largest Exporter Of Major Minerals In Region

Rwanda is producing more minerals than any country in the Great Lakes Region, says a global not-for-profit agency that has been dealing with the traceability, tracking and due…

Rwanda’s Sovereign Fund Muscle Growing Stronger

Rwanda’s Sovereign Fund Muscle Growing Stronger

 Rwanda’s sovereign fund has received an extra Rwf25million as contribution from city of Kigali. The city Mayor Fidel Ndayisaba delivered the cheque to Rwanda’s Ministry of Finance and…

Rwanda Plans To Enrich A Million Citizens In 2016

Rwanda Plans To Enrich A Million Citizens In 2016

Rwanda plans to uplift another million people out of poverty by 2016; the Word Bank has announced in its latest update on the country’s economic situation. The World Bank…

Over $76M Expected From Conferences Tourism In 2016

Over $76M Expected From Conferences Tourism In 2016

Rwanda will generate Rwf54.7 billion ($76 million) from conferences scheduled for next year, the Rwanda Development Board (RDB) says. The country earned $303 million from tourism revenues from 1…

The Hefty Price Rwanda Pays To Attract Investors

The Hefty Price Rwanda Pays To Attract Investors

Rwanda has unveiled the long awaited new investment code with expectation to attract more investors, despite allegations that the country is losing large volumes of revenues through tax incentives. The…

RwandAir Expands Fleet, Acquires $160m Two Airbuses

RwandAir Expands Fleet, Acquires $160m Two Airbuses

Rwanda has received $160 million loan from Eastern and Southern Africa Bank (PTA Bank) to finance RwandAir’s (the national airline) innovation and aircraft acquisition. The funds will enable…

From Rags To Riches; Story Of Rwanda’s Gikongoro Region

From Rags To Riches; Story Of Rwanda’s Gikongoro Region

Sometime in 2002, President Paul Kagame summoned opinion leaders and traders from Nyamagabe district of former Gikongoro prefecture in Southern Rwanda. He wanted to meet them and discuss how to…

Rwanda, IFC planning bond on London Stock Exchange

Rwanda, IFC planning bond on London Stock Exchange

Roads network will consume Rwf128.3 billion, while access to clean water in the capital Kigali and other areas of the country will consume Rwf34.2 billion. The International Finance…

MTN’s Shares Paralyse Rwanda’s Stock Market

MTN’s Shares Paralyse Rwanda’s Stock Market

The Initial Public Offer (IPO) issued by Crystal Telecom has left a vacuum at the Rwanda Stock Exchange as subscribers rush to buy into MTN-Rwanda’s shares. Crystal…

Struggling Regional Manufacturers Press Governments For Support

Struggling Regional Manufacturers Press Governments For Support

Manufacturers from the East African Community are pressing governments of member states with demands to facilitate the struggling sector. “We want more work done by our governments to provide rich…

American Investor Pumps $2 Billion In Lucrative Rwandan Firms

American Investor Pumps $2 Billion In Lucrative Rwandan Firms

Two American investors have invested over $2 billion in Rwanda to save thousands of local enterprises struggling to access capital at even a higher interest rate. Working through a locally…