Companies
RwandAir Appoints UK Firm to Handle its Cargo Services in Europe
Just after RwandAir made its maiden flight from Kigali to London, the airline has selected an agency to handle its sales in the United Kingdom. According to AirCargoNews, the agency…
New Law Cuts $400 From Cost of Setting up a Business
Rwandans will be able to register more businesses without incurring extra costs of paying an expert to write a company statute as one of the requirements for legitimizing a business…
Portuguese Company to Build Three 200kV Substations in Rwanda
Efacec, a Portuguese firm has won a lucrative deal to construct three power substations in Rwanda very essential in distribution of electricity to remote parts of the country. STEG International…
More China, India Companies to Flock into Rwanda After Kagame Visit
The visits to China and India by Rwanda’s President Paul Kagame this year yielded tangible results, the new ambassadors to Rwanda told KT Press Thursday. This afternoon, China’s…
COPEDU Bank Loses Software Hacking Case
COPEDU Ltd- a microfinance institution has lost a court case in which it was accused of hacking and breaching contract terms with a software supplier. In 2008 ADFinance Ltd and…
Bank of Kigali Launches Insurance Company
Bank of Kigali has launched an insurance wing with 13 products including an unusual service where a client can be allowed up to Rwf 2 million on personal accident at…
‘Kanta’ Hair Dye Suppliers in Bitter Legal Fight
Kanta, a hair dye product has been in use for a long time – but these days the product has been pirated and users just buy without checking labels on…
Bank of Kigali Makes Rwf30 billion pre-tax Profit
Bank of Kigali Group – Rwanda’s largest bank by assets, has announced a pre-tax profit of Rwf30 billion (approx. $36million) and announced a proposed 40% dividends to its shareholders…
Rwanda Central Bank Suspends Registration of New Insurance Companies
The National Bank of Rwanda has suspended licensing new insurance companies until further notice, to maintain financial stability. “Considering the need to streamline the insurance sector to strengthen the…
VISA, Atlas Mara in Major Payments Deal
Global payments firm Visa and Atlas Mara Limited that bought two of some of Rwanda’s biggest banks, have signed a commercial partnership to introduce new payment solutions and expand…
Cooperatives in Rwanda Seek Investor to Run Their New Bank
Rwandan cooperatives are anxiously waiting for establishment of a bank that will help finance most of their projects, which local commercial banks are reluctant to invest in. According to Rwandan…
Despite Trade Imbalance, Rwanda Exports Increased by 5 %
Rwanda’s total exports in 2014 increased by 5% despite experiencing a trade imbalance due to more imports. Trade Minister Francois Kanimba explained to KTPress that Rwanda’s Exports are…
