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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…

Rwanda’s Budget for 2015-2016 Out

Rwanda’s Budget for 2015-2016 Out

Rwanda’s Finance Minister, Claver Gatete, has just presented Rwanda’s budget to a joint plenary session of members of parliament and senators. His total budget for fiscal…

Rwanda Needs More Cement Than Ever Before

Rwanda Needs More Cement Than Ever Before

  Rwanda has become a regional hotspot for cement producers. Cimerwa, a local cement producer has failed to meet the demand, thus giving room for neighbouring cement manufacturing giants to…

Why Investors Are Hungry For Rwandan Stocks

Why Investors Are Hungry For Rwandan Stocks

Rwanda capital market is experiencing a rapid growth as evidenced by investors’ thirst for acquiring stakes in local and government bonds. A few weeks ago, Kenya’s Equity…

Rwanda Builds New Cities To Stop Kigali Population Explosion

Rwanda Builds New Cities To Stop Kigali Population Explosion

Jean Bosco Hakizimana, 40, left his village of Musange in Nyamagabe district, Southern Rwanda in 2008 to earn a living in capital Kigali. The father of three was employed as…

Rwanda Army Bank Records Unusual Profits in Tough Sector

Rwanda Army Bank Records Unusual Profits in Tough Sector

Zigama CSS, a military bank in Rwanda is giving commercial banks a hard run after it announced, last week, that it had registered a net profit of Rwf4.6 billion…

Foreign Investors Rushing to Rwanda After Kagame Reassurance

Foreign Investors Rushing to Rwanda After Kagame Reassurance

Rwanda’s Salesman-In-Chief, Paul Kagame, says tens of foreign investors are increasingly buying into his business pitches. “There are investors who have already come to discuss…