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Economy

Four Companies Nominated for Horticulture Intl Trade Fair  

Four Companies Nominated for Horticulture Intl Trade Fair  

Four Rwandan floriculture companies have been nominated for the world largest floriculture international trade fair in The Netherlands. International Floriculture Trade Fair (IFTF) will be held from November 7 through…

G20 Summit: Kagame Woos Investors into Rwanda, Africa

G20 Summit: Kagame Woos Investors into Rwanda, Africa

President Paul Kagame has told Germany investors at an ongoing G20 Africa Summit in Berlin that Rwanda and Africa at large are conducive for business than never before. “The integration…

Rwanda Launches Search for 5000 Women, Youth Entrepreneurs

Rwanda Launches Search for 5000 Women, Youth Entrepreneurs

Rwanda will next month start a weeklong business campaign to create 5000 women and youth entrepreneurs who will drive the country to a middle income economy status by 2020. The…

Rwanda’s Financial Institutions Eligible for Afrexim Bank’s $1billion Fund

Rwanda’s Financial Institutions Eligible for Afrexim Bank’s $1billion Fund

Financial Institutions in Rwanda can already start applying for available $1 billion fund from African Export-Import Bank (Afrexim) and invest in regional trade. The regional lender says the funding…

Kigali Satellite Towns Put Wall on Land Scramble

Kigali Satellite Towns Put Wall on Land Scramble

Rwanda’s satellite towns have turned into the other option to Kigali city residents who dream of owning a home. This, according to those scrambling for satellite towns, is triggered…

Tantalum Refinery Plant Launch Extended to February 2019

Tantalum Refinery Plant Launch Extended to February 2019

PLG Plc – a Malta-based International (PLG Plc.) a vertically integrated, metallic materials science company which signed deal to build the tantalum refinery plant in Rwanda has extended its deadline…

How ‘Affordable’Are Gacuriro Vision City Houses?

How ‘Affordable’Are Gacuriro Vision City Houses?

On Tuesday this week, news broke out that Rwanda’s civil servants who have long dreamed to own affordable houses could now shift to ‘affordable’ newly constructed plush apartments in…

Rwanda’s Revenue Collections Inceeased by 22%

Rwanda’s Revenue Collections Inceeased by 22%

Rwanda Revenue Authority (RRA) has announced an increase of taxes by 22% since Rwanda’s transformation from a failed state after the 1994 Genocide against Tutsi to a competitive…

Central Bank Maintains Repo Rate at 5.5%

Central Bank Maintains Repo Rate at 5.5%

Rwanda’s Central Bank says it has decided to maintain its lending rate at 5.5%, following stable economic performance. This means that Financial Institutions in the country will continue…

Gov’t to Privatise 5 Rural Factories

Gov’t to Privatise 5 Rural Factories

Members of the Rwandan Private Sector and interested foreigners could start preparing bids to take up five lucrative factories in rural Rwanda. The Ministry of Trade and Industry says government…

Kagame Predicts Positive Journey for Investment Growth in Africa

Kagame Predicts Positive Journey for Investment Growth in Africa

President Paul Kagame has told a World Bank Financing Forum in Rwanda that Africa is on the right track to attain its investment targets, despite remaining with some distance to…

BRD, BDEGL Sign $5M Deal to Fund Agriculture, Housing

BRD, BDEGL Sign $5M Deal to Fund Agriculture, Housing

Rwanda Development Bank (BRD) has secured a $5 million line of credit from “Banque de Development des Etats des Grand Lac (BDEGL) that would support the bank’s…