Business

POSITIVO BGH is one of those private firms that have benefitted immensely from government willingness to support Made in Rwanda products Two government agencies are stuck with 7,246 defective laptops which were supposed to have been distributed more than two years ago. In addition, as part of the same project,…

Food distribution has been ongoing in Kigali, but reached less than 20% of all households who needed food in Kigali, according to the government’s own admission At least seven million Rwandans will need help for months to come even if the COVID-19 partial lockdown is lifted next week, government says…

Inside a conference hall in Bonn, Germany where up to 3,000 Rwandans converged for Rwanda Day in October last year Due to the COVID-19 crisis, remittance flows from Rwandans are expected to decline by up to 23 percent, a trend to be witnessed not only to this region, but globally.…

Gorilla leaves its habitat to meet people National parks in Rwanda and Congo are temporarily shutting their doors to tourists and researchers to protect Africa’s endangered chimpanzees and mountain gorillas from contracting coronavirus. Virunga ​– Africa’s oldest national park – in the Democratic Republic of Congo is home to around…

The new restrictions could affect other more genuine information from circulating WhatsApp is imposing additional restriction on how frequently a message can be shared on its platform in its latest effort to curtail the spread of misinformation. The Facebook-owned instant messaging service said today that any message that has been…

Downtown Kigali, which is now on total lockdown like all parts of the country The International Monetary Fund on Thursday late night gave an urgent lifeline to Rwanda to help reduce impact of the COVID-19 pandemic. The Fund approved the disbursement of US$109.4 million (Rwf 103billion) to be drawn under…

When you talk about lucrative business professionals which can turn you into instant millionaires, stock trading is one of them. The journey is not that simple after all and reverse experiences occur as well. Someone who is not smart may lose all his money and become bankrupt. There have been…

Inside the warehouse in Kicukiro district where private companies are delivering food and sanitary supplies Private companies are lining up to deliver tons of food and sanitary supplies which will be distributed to vulnerable families as country enters week 2 of the COVID-19 lockdown. A call was sent out last…

Inspectors were walking into random shops and those found with unusual prices have been fined At least 24 traders in different parts of Kigali are now counting losses following fines imposed by Trade Ministry. Earlier in the week, the ministry issued warning against any attempts by traders to increase prices…

Inside a market in Kigali The National Bank of Rwanda (BNR) has issued a raft of measures to deal with the an already existing impact of the COVID-19 global pandemic on the local economy. Government ordered suspension, ban or reorganization of different activities in the country during the past weekend.…

In this village, like many others across the country, the locals were hired to work those nurseries and were never paid There are 500,000 tree seedlings that are rotting in nurseries dotted in various districts, with the people involved saying they may lose up to Rwf 1.4billion ($1.5m). Since mid…

Rayon Sports fans are perhaps the most passionate about their team and are even funding part of its needs Top local soccer league side Rayon Sports has asked for Rwf 251m a year from its sponsor Belgian brewer Skol, according to sources. In a senior management meeting held this Sunday,…

The ministry of agriculture has banned the importation of Tilapia fingerlings in attempt to avoid spread of a rare disease that has emerged in the region. Tilapia fingerlings are small juvenile Tilapia, which develop into the popular and tasty Tilapia fish species consumed widely all over the world. There is…

December 12, 2018: World Bank Country Manager Yasser El-Gammal (left) and Minister for Finance and Economic Planning Dr Uzziel Ndagijimana exchange documents after signing an MoU in Kigali. Such signings are a regular feat in Kigali between Rwandan and WB officials Former World Bank chief economist and colleagues from two…

President Paul Kagame speaking today President Paul Kagame has told a government retreat that ongoing conflict with Uganda actually turned into an opportunity for Rwanda’s economy to undergo growth like never before. As result of the “Ugandans themselves closing the border”, said Kagame this Sunday, social services were expanded all…

African Development Bank President Akinwumi Adesina here speaking at World Economic Forum event. In an unprecedented situation, the African Development Bank (AfDB) has reacted with dismay at public criticism directed at it from the World Bank President David Malpass. On Monday, Malpass launched a rare attack on the AfDB’s lending…

The Kenyan High Court has agreed with the Commercial Court in Rwanda that I&M Bank can indeed go ahead to recover its money loaned to Nakumatt Supermarket which collapsed last month. The Kenya court ruled that I&M Bank Rwanda can now recover Rwf 932,497,198 from former Nakumatt chief executive officer…

Private institutions like the Adventist University of Central Africa (AUCA) have established highly publicized IT courses, which, according to the report are not up to standard Students undertaking ICT at Rwanda’s public and private universities are not getting the skills needed to make Rwanda the tech hub it dreams to…

This is what one of the gardens looks like. The stalks (stems) are well-developed but have no cobs. Same situation is replicated in other plantations. In some areas of Karongi district, western province, farmers are counting huge losses after maize seeds provided by Rwanda Agricultural Board (RAB) have shockingly not…

President Paul Kagame shakes hands with PM Dr Edouard Ngirente at parliamentary buildings alongside Chamber of Deputies Speaker Donatile Mukabalisa, former Chief Justice Prof Sam Rugege (extreme left) By the end of 2024, which is 4years away, same time that President Kagame’s currently 7year term ends, how Rwanda will look…

Wouldn’t be such a cool thing if all the phones and tablets in a given household could be charged by same charger The European Parliament is calling for common chargers to be introduced that would fit all mobile phones and tablets. Although technology companies have previously been encouraged to work…

APR FC Jersey will advertise AZAM A few months after Tanzanian digital satellite service provider AZAM TV ended $2.5m sponsorship for Rwanda’s football league, its parent company has signed deal with military side APR FC. This Wednesdsy, Bakhresa Grain Milling Rwanda Ltd, which is part of the Bakhresa Group from…

Sanna Marin (34) is the youngest female head of government worldwide Finland’s new prime minister caused enthusiasm in the country: Sanna Marin (34) is the youngest female head of government worldwide. She leads a centre-left coalition in which all 5 government parties have women at the top. Her aim: To…

With ‘Connect Rwanda Challenge’, such phone sets will be a thing of the past even for the lowest earners What began as a brilliant brand marketing pitch by local telecom giant MTN, is going to turn into a huge cash cow for phone maker Mara Phones. Last week on Friday…

Inside a Maraphone sales shop. A new government ‘Connect Rwanda’ challenge will see tens of thousands of sets bought in the country The Health Ministry announced late Saturday it was immediately joining a ‘Smartphone Challenge’ launched by President Paul Kagame moments earlier. Kagame, in a Tweet said: “I am happy…

Hundreds of labourers who constructed this magnificent Nyamagabe district office block have not been paid, yet work was completed four years ago. Their plight is part of arrears amounting to over Rwf 20billion owed to labourers countrywide Thousands of casual labourers remain unpaid for years as central and local government…

Dr Donald Kabereka Rwanda’s former finance minister Dr Donald Kaberuka has come out in defense of the UK’s Department for International Development (DFID) which new Prime Minister Boris Johnson wants to scrap. The former President of the African Development Bank, currently also holding several high-level positions including chair of Global…

Beans are a favorite delicacy in all Rwandan homes and any price hike affects everyone In July, the price for a kilo of beans was between Rwf 650 and 800 depending on where you shop. Five months later, in the cheapest locations, a kilo goes for Rwf 1,200 as of…

PSG is now official promoter of Rwanda French league champions Paris Saint-Germain (PSG) will on Wednesday evening unveil their new partnership with Rwanda at their game against Nantes. PSG will be a promoter of “Visit Rwanda” over the next three years. The deal is similar to one existing with British…

Inside this Kimironko market in Kigali, like all the others, there is plenty of food items on sell. However, the prices have risen 3 times in the last 4 months, leaving many going without some of what they used to buy Finance and Economic Planning Minister Dr Uzziel Ndagijimana has…