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BPR Reduces Base Rate by 2% as Money Market Stabilises

BPR Reduces Base Rate by 2% as Money Market Stabilises

    Banque Populaire du Rwanda Plc (BPR)  – Rwanda’s largest retail bank on Friday announced a reduction of its base lending rate from the current annual 16.5% to…

RRA Surpasses Revenue Targets in the First Quarter of 2019

RRA Surpasses Revenue Targets in the First Quarter of 2019

Rwanda Revenue Authority (RRA) says it collected Rwf666.0 billion worth revenues in the first six months (July-Dec 2018) of the financial year or Rwf111 billion monthly revenues collected…

Rwanda’s Accountants Body Targets to Produce 5000 Technicians in 5 Years

Rwanda’s Accountants Body Targets to Produce 5000 Technicians in 5 Years

The Institute of Certified Accountants of Rwanda (iCPAR) says it has launched a quest to produce 5000 world-class accountant technicians. The ratio of professional accountants in Rwanda is still…

Big Projects Push Rwanda’s Import Bill by 9.5%

Big Projects Push Rwanda’s Import Bill by 9.5%

The ongoing huge projects that Rwanda is currently executing have pushed the country’s trade deficit by 9.5%, Central Bank Governor John Rwangombwa said while announcing quarterly economic outlook…

New Rwf500-1000 Notes Out Next Week

New Rwf500-1000 Notes Out Next Week

The Central Bank has announced that the newly printed Rwf500 and Rwf1000 notes that were printed will be out on the market next week. “We had several bidders and…

Individual Investor in Gov’t T-Bonds Registers 10% Growth

Individual Investor in Gov’t T-Bonds Registers 10% Growth

The number of individual investors in government-issued treasury bonds has grown from 0 to 10%, Central Bank Chief Economist, Prof. Thomas Kigabo says. A Treasury bond (T-bond) is…

Rwanda’s Oldest Textile Factory to Relocate In One Week

Rwanda’s Oldest Textile Factory to Relocate In One Week

Rwanda Environment Management Authority (REMA) has ordered Usine Textile du Rwanda (UTEXRWA) – a textile industry to relocate in a gazetted wetland urgently. Starting January 28, Rwanda Environmental Management Authority (REMA…

Central Bank to Release Monetary Policy Statement under New Framework

Central Bank to Release Monetary Policy Statement under New Framework

Rwanda’s Central Bank will this Thursday, February 7, release the quarterly Monetary Policy and Financial Stability Statement – this time under a new ‘Interest rate – oriented’ monetary policy framework. The…

Rwanda, Energy Firm Ink $400M Deal to Extract Natural Gas

Rwanda, Energy Firm Ink $400M Deal to Extract Natural Gas

In its quest to cut down on natural gas import bill, Rwanda government through Rwanda Mines, Petroleum and Gas Board (RMB, and Rwanda Development Board (RDB) signed a deal with…

BDF Unveils Rwf11Bn to Fund Projects for University Graduates

BDF Unveils Rwf11Bn to Fund Projects for University Graduates

Rwanda Business Development Fund (BDF) will this year double funding for small and medium projects with a focus on projects proposal from fresh school graduates. During a press briefing on…

Untold Story of Irembo, Rwanda’s One Stop Centre for Gov’t Services

Untold Story of Irembo, Rwanda’s One Stop Centre for Gov’t Services

In the early 2000s, Onesphore Mpakaniye, 70, used to walk 10 kilometers from Ngarama Sector in Gatsibo District in Eastern Province to process travel documents at former Murambi Commune offices…

RwandAir, Amadeus Partner to Strengthen Customer Service

RwandAir, Amadeus Partner to Strengthen Customer Service

Rwanda’s National carrier RwandAir, has announced a partnership deal with world class passenger service solution giant Amadeus to provide world class customer service. In a communique issued on…