Business

MTN Rwanda CEO Bart Hofker in Huye last year on one of the company’s support programs. He gave Rwf 10m to a community there on this day When President Paul Kagame was in Butaro sector of Burera district on May 8, many people lined up to report their concerns during…

The Central Bank’s Financial Stability Committee led by Governor John Rwangombwa published its quarterly report today in Kigali The hike in motor insurance premiums introduced in January 2018 are beginning to pay off as profits for the insurance industry flood in. In its latest report, the National Bank of Rwanda’s…

Prime Minister Dr Edouard Ngirente (Center) admitted government had more work to do, to make rural areas attractive to live Even when a vast majority of rural Rwandans are engaged in agriculture, they prefer to send their produce to the market leaving them with very little for consumption, says a…

Umuseke, Ukwezi, Bwiza and Umuryango have merged to form Ubumwe Media Group Four major news websites announced last week that they were merging to operate as a single company in a move that has shaken the local news industry – bringing back a long standing debate as to whether Rwanda’s…

Finance Minister Dr Uzziel Ndagijimana on Tuesday afternoon in Parliament Spending estimates for 2019-2020 submitted to parliament today indicate that government will put less money in peacekeeping compared to previous year. Finance and Economic Planning Minister Dr Uzziel Ndagijimana on Tuesday afternoon appeared before a joint session of both Houses…

Tanzania will build its SGR to Isaka, and the Rwanda will come onboard to push the line to its border, and then finance it alone to Kigali and other towns in Rwanda. At least that is the plan The on–and-off switch of the planned 2,935km Standard Gauge Railway (SGR) line…

A woman working at her rice field in Bugarama marshlands in Rusizi district – the region producing more than others in Rwanda. A 25kg of rice from Tanzania costs up to Rwf 28,000 in Kigali, far more expensive compared to the other types of rice. But importers and retail traders…

A graduation of the University of Rwanda in 2017 had to be moved from Kigali to Huye stadium as part of efforts to help revive the falling region. More than 7,000 students graduated in various fields on this day (Photo by IGIHE) In 2013, cabinet adopted a plan to immediately…

The moto taxi industry is said to be generating more than Rwf 800 billion annually The motorcycle riders used as transport across Rwanda commonly called ‘Moto Taxi’ have been given a deadline of three months to sign up for an App that will be used by clients to pay. Cabinet…

Move Ride and YEGO Cabs, the two competing taxi services in Kigali Taxi driver Moise Karangwa has been dosing off in his car for more than 6 hours. He arrived at the taxi parking yard at Kisimenti area of Remera, Kigali, at 9am. Karangwa has to patiently wait in line…

Head Office of the Rwanda Revenue Authority in Kigali The Rwanda Revenue Authority (RRA) is only able to collect about 33 percent of what it should from the Value Added Tax (VAT), says a new report. In 2001, Rwanda replaced sales taxes with a VAT – which is a consumption…

Dr Diane Karusisi, CEO of BK Group PLC and exchange copies of Ambroise Fayolle The European Investment Bank (EIB) and Bank of Kigali have sealed their largest ever venture that will avail Rwf 60billion for the Rwandan lender to finance investments across the country. In the deal signed today on…

President Paul Kagame opening the Africa CEO Forum 2019 at the Radisson Blu Hotel & Kigali Convention Centre. President Paul Kagame has upped the pressure on Uganda telling African CEOs that Uganda was the sole party to blame for the current standoff between the two sides. “Politics is what is…

ICT and Innovation Minister Ingabire Paula speaking on a panel at the ‘FinTech Fridays’ March 22 at Marriott Hotel in Kigali, Rwanda Government and the National Bank of Rwanda (BNR) have maintained deliberate silence on whether to ban or leave cryptocurrencies for reasons beyond their control, a public forum heard…

IMF mission leader Laure Redifer meets Finance Minister Dr Ndagijimana Uzziel and Central Bank Governor John Rwangombwa previously in Kigali The International Monetary Fund said Friday that economic growth will jump from 7.8 percent, to 8 percent this year – and probably beyond, as Rwanda’s development blueprint begins to have…

Prof Sir David King speaking today A former UK chief scientific advisor has strongly defended a Rwanda government plan to set up a nuclear energy program that will include a nuclear power plant. Prof Sir David King, who has been a member of Rwanda’s Presidential Advisory Council (PAC) for several…

Despite existence of various tech banking services, Rwandans still see it convenient to face the person behind the Teller counter Less than 35 percent Rwandans have confidence that using smart products and services is a convenient way to transact their activities, says a study by a local consumer rights campaign…

Mac Holtzman delivered the cheque to Viateur Uwambajimana of Ubumwe Community Center (Photo by Kigali Today) Ava Holtzman, the 10yr old daughter of Mac Holtzman has offered a cheque of $60,000 (Rwf54m) to Ubumwe Community Center – a support center for orphans and children living with disability. Mac Holtzman is…

Finance and Economic Planning Minister Dr Uzziel Ndagijimana, speaking at a previous event There is cautious optimism in Rwanda as result of new data showing that even if relations with Burundi are at lowest point they have ever been, Burundians are still consuming a considerable amount of goods from their…

There are more than 8,000 cooperatives across Rwanda like this coffee team. Despite the good intention of the cooperative movement, they have become ‘eating’ grounds for leaders instead of all the members A cooperative in Musanze district, Northern Province, will not be paying Rwf 60msupposed tax arrears it had been…

MTN Team was on site in Nyamabuye village, Nyamabuye cell, Kagogo sector in Burera District MTN Rwanda says it has agreed a settlement with a community in northern Rwanda which accuses the South African telecoms giant of taking their land and not compensating them for more than 11 years. The…

The South Africans have missed several deadlines. Today, CIMERWA can only produce 400,000tonnes, far below the local demand. Rwanda relies heavily on imports. Rwandan cement firm CIMERWA owned by South Africa’s largest cement producer Pretoria Portland Cement (PPC Ltd) was Saturday reminded it could be closed if it did not…

RwandAir is keeping the Nairobi route open even as uncertainty grips JKIA RwandAir’s evening flight to Kenya’s Jomo Kenyatta International Airport (JKIA) will go on as planned, the carrier announced, despite a major disruption caused by a workers’ strike. It had re-routed the morning flight via Nairobi to Entebbe –…

Some travellers have been stranded for hours. There are chaotic scenes at Kenya’s main Jomo Kenyatta International Airport (JKIA) as a major workers’ strike unfolds in which staff want senior executives removed. Hundreds of travelers are stranded and Kenya Airways (KQ) has cancelled all its flights. Kenyan Transport Cabinet Secretary…

Surfing on your phone is cheaper in Rwanda compared to many other countries Rwandans are paying some of the cheapest rates for mobile data than anywhere else, according industry study ranking of 230 countries.  Rwanda emerged 5th where 1GB of mobile data costs an average of $0.56 (Rwf500). In Africa,…

A young woman displays her health insurance card at an RPF party campaign rally during the 2018 parliamentary polls (Photo by Kigali Today) The International Monetary Fund (IMF) says in a new study on Rwanda’s heavily subsidized health insurance scheme that even the little paid by the poor has a…

There is a fleet of such Volkswagen Teramont SUVs for you to enjoy Germany carmaker Volkswagen this Friday unveils car ride hailing service, Move Ride, that allows users in the city of Kigali to request a taxi using a smartphone App. Through its local subsidiary, Volkswagen Mobility Solutions Rwanda, the…

Inside this ‘Pharmecie Conseil’, like thousands across Rwanda, there are thousands of medicines which the authorities want to keep track A government deadline to have all medicines in the country registered before July 2019 has been dismissed as unrealistic and will cause shortages of essential medicines. The Ministry of Health,…

Ms Chantal Kagame, MTN Rwanda Chief Business and Corporate affairs Officer, looks on as Mr Richard Rutayisire, the Senior Legal and regulatory Officer, speaks in the committee South African telecom giant MTN Rwanda has been given until Friday next week to report back to Parliament with an agreed settlement to…

Ntirenganya Jean d’amour farms 10 hectares in Burera district. But the crop dotting his land is not maize or any edible plants. The locals call the strange crop “Ibishyimbo bya Mucuna” in the Kinyarwanda language by locals – or “Mucuna beans”. It is a kind of animal fodder – an…