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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…

Rwanda Coffee Aggressively Penetrates European Market

Rwanda Coffee Aggressively Penetrates European Market

Rwanda has intensified marketing efforts aimed at helping the country’s coffee penetrate the European market. Since May 15, Rwanda featured among over 100 coffee producers promoting specialties at…

MTN-Rwanda Initial Shares to be Sold at Rwf105

MTN-Rwanda Initial Shares to be Sold at Rwf105

KT Press has obtained leaked details regarding the much awaited Crystal Telecom IPO as shown in the following table below. KT Press could not reach Crystal Ventures, but we spoke…

Dam On Sale Amidst German-Rwanda Dispute

Dam On Sale Amidst German-Rwanda Dispute

Rwanda has been losing a whooping 272 megawatts of energy every month for the past one year following a lengthy dispute between a local company and a foreign heavy machinery…

Europe Samples Rwandan Coffee at Amsterdam Festival

Europe Samples Rwandan Coffee at Amsterdam Festival

Europe is now able to sample Rwanda’s high quality coffee at the ongoing festival in Amsterdam in The Netherlands.  The event (May 15-17) has been organised by the…

Water Bills Payment Made Easier

Water Bills Payment Made Easier

Rwanda’s Water and Sanitation Corporation (WASAC) on Friday signed a deal with a local bank, Compagnie Générale de Banque (Cogebanque) to introduce an automated billing system for…

Rwanda Issues $14.5m Bond, As Market Continues To Grow

Rwanda Issues $14.5m Bond, As Market Continues To Grow

The central bank of Rwanda has announced it will on May 27, issue a treasury bond worth $14.5 million (Rwf10 billion), with a 10 years tenor. The bond, expected…

BRD Receives $30m To Finance Development Projects

BRD Receives $30m To Finance Development Projects

Rwanda’s Development Bank (BRD) signs a $30 million deal todayaimed at financing Rwanda’s Energy, Agriculture and Manufacturing sectors. KT Press has learnt that the deal will also finance…

Starbucks Places High Price on Rwandan Premium Coffee

Starbucks Places High Price on Rwandan Premium Coffee

Rwanda will this year fetch more than $3 million from 14,400 bags of Arabica coffee sold to U.S. coffee retail giant Starbucks Corporation, it has emerged in Kigali…

How Former American Diplomat Is Making Fortune In Rwanda

How Former American Diplomat Is Making Fortune In Rwanda

The Rwanda Capital Market is now worth $4.2 billion, from $2.1 billion over the past couple of weeks. Investors rate the market positively, despite being young and new…

Rwandan Cooperatives Still Looking For Investor

Rwandan Cooperatives Still Looking For Investor

Almost a year after President Paul Kagame promised to give a bank to members of the Rwandan Cooperatives, the process for its establishment still hangs in balance. Members have told…

Kagame Breaks the Ice on Why Africa Fails

Kagame Breaks the Ice on Why Africa Fails

President Paul Kagame says Africa is missing an opportunity to utilize intra-African trade and raise enough investment to replace foreign aid. “We are missing an opportunity in our…