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BK Group Places 7M Shares for Staff Ahead of Closing Date

BK Group Places 7M Shares for Staff Ahead of Closing Date

Bank of Kigali – Rwanda’s biggest financial institution has issued 7.2 million shares to its employees as part of its over 200 million discounted shares the bank put up…

Rwanda Issues 3-Year Rwf15 Billion Bonds

Rwanda Issues 3-Year Rwf15 Billion Bonds

Rwanda will issue a 3-year treasury bond worth Rwf 15 billion this month to finance infrastructure projects and capital market development, Central Bank (BNR) announced on Thursday. “The National…

BK Group Kicks Off Sale of New Discounted Shares

BK Group Kicks Off Sale of New Discounted Shares

Effective today – October 29, shareholders of Bank of Kigali Group – the country’s largest financial institution by assets, can start buying over 200 million discounted shares the…

Rwanda Drops Kenya as Source of Fuel Imports

Rwanda Drops Kenya as Source of Fuel Imports

Rwanda no longer imports some of its petroleum products from Kenya because of adulteration, a senior Kenyan politician has revealed. Kalonzo Musyoka, a former Vice president and currently one of…

Rwanda’s Premium Coffee Places High Prices on Global Market

Rwanda’s Premium Coffee Places High Prices on Global Market

Local producers of Rwanda’s premium coffee could be smiling, following a 5 times sale of their coffee on global market. At an internet auction activity organized by the National…

Rwanda Re-opens Rwf10 Billion T-Bond

Rwanda Re-opens Rwf10 Billion T-Bond

Rwanda will reopen a-7 year Coupon Treasury Bond worth Rwf10 Billion ($11.4 million) from June 25th -27th, 2018 by revisiting the previous issued bonds with the same maturity…

Rwanda Issues Rwf10 Billion Bond

Rwanda Issues Rwf10 Billion Bond

Rwanda Central Bank Rwanda will this month issue a 10-year treasury bond worth Rwf 10 billion to finance infrastructure and Capital Market, according to a tender notice by the…

Central Bank Reduces Cheque Compensation to 4 Hours

Central Bank Reduces Cheque Compensation to 4 Hours

Financial Institutions in Rwanda will no longer have to carry physical cheques to the Central Bank for payment settlements. The Central Bank (BNR) has introduced ‘Cheque Truncation System (CTS…

Appetite for Rwanda’s T-Bonds Skyrockets

Appetite for Rwanda’s T-Bonds Skyrockets

  Rwanda’s treasury bonds (T-Bonds) is expected to grow in the next few years as government plans to sell more of its financial papers. Statistics from the 2018…

Bralirwa Takes RSE Share Punch

Bralirwa Takes RSE Share Punch

On Tuesday, the local bourse didn’t look any good on share trading as Bralirwa took the biggest single punch on its share despite sustaining a stable trading through this…

Pound Gains Locally as Global Markets Shift

Pound Gains Locally as Global Markets Shift

The British Pound (GBP) has for the first time in three months made a significant change in its exchange power after days of making slight signs of gaining on its…

Rwanda’s 2018 T-Bond Oversubscribed

Rwanda’s 2018 T-Bond Oversubscribed

The first Rwanda Treasury Bond rolled out this month has been oversubscribed with retailers showing the largest appetite in applications for the lion’s share. The issuance has been successful…