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Economy

Symbion Power Subcontracts Engines Supplier for Rwanda’s Methane Gas

Symbion Power Subcontracts Engines Supplier for Rwanda’s Methane Gas

In the contract, Clarke Energy will supply approximately 25 GE Jenbacher gas engines to Kivu 56 and KP1 power plants, a deal which, according to Symbion, is expected to create…

RRA Marks 20 Years Anniversary

RRA Marks 20 Years Anniversary

Rwanda Revenue Authority (RRA) has unveiled the plan to celebrate 20 years of transformation from a failed state after the 1994 Genocide against Tutsi to a competitive and sustainable tax…

Rwanda, Italy Sign Air Service Agreement

Rwanda, Italy Sign Air Service Agreement

In a period of ‘not’ more than a year from now, Rwanda’s carrier RwandAir will have started direct flights to Italy. The government through the Ministry of Infrastructure signed…

Kigali Is Africa Business Center – Geneva Chamber of Commerce Boss

Kigali Is Africa Business Center – Geneva Chamber of Commerce Boss

Trade officials in the Switzerland have said that Kigali is becoming their competitor in hosting high end international conferences and thus, have to fight hard to retain their supremacy. Their…

Government Rolls out 3rd Annual Rwf15billion T-Bonds

Government Rolls out 3rd Annual Rwf15billion T-Bonds

Rwanda’s Central Bank (BNR) has announced plans to reopen issuance of its Rwf15billion ($17.4M) treasury bonds as part of a bigger plan to build the capital markets. The…

RwandAir Announces 24% Shift in Passenger Travel Rates

RwandAir Announces 24% Shift in Passenger Travel Rates

Rwanda’s national carrier – RwandAir has announced plans to increase the number of travel passengers from 926,571 to 1,151,300, during fiscal year 2018/2019, representing an increase…

Rwanda to Award the Best Coffee Next Week

Rwanda to Award the Best Coffee Next Week

Organizers of Cup of Excellence (CoE), an award given to the company and farmers who produced the best quality coffee and farmers have nominated 147 competitors for the second stage…

Rwanda International Trade Fair Goes Cashless

Rwanda International Trade Fair Goes Cashless

Rwanda International Trade Fair (RITF) has put in place facilities that will allow clients to just carry e-payment cards and enjoy products and services from Rwanda and 23 foreign…

You Could Be Eligible for a House in Kigali

You Could Be Eligible for a House in Kigali

The Development Bank of Rwanda (BRD) and partners are working hard to launch the construction of Ndera – Gasabo housing units where low and middle-income earners have started applying for…

Cup of Excellency Resumes after 2 Years

Cup of Excellency Resumes after 2 Years

Cup of Excellency, the most esteemed international award given out for top quality coffees is back after a two-year break. The break was caused by important national event, the…

Rwanda’s Central Bank Maintains Lending Rate at Record 5.5%

Rwanda’s Central Bank Maintains Lending Rate at Record 5.5%

Financial Institutions in Rwanda will continue to lend at 5.5% in the third quarter of 2018, Central Bank announced on Tuesday. Going by the previous years’ rates, the Central…

Volkswagen Officially Enters Rwanda Car Mobility Market Tomorrow

Volkswagen Officially Enters Rwanda Car Mobility Market Tomorrow

Volkswagen will tomorrow launch its car sharing model in Rwanda, to address the existing problem of mobility in the country. The ‘Car Hailing’ model is expected to create competition among…