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Economy

Rwanda Launches 11 Trails of Mountain Biking

Rwanda Launches 11 Trails of Mountain Biking

Two weeks ago, you could have watched Peter Vrooman, the US ambassador to Rwanda biking through the hills of the Western Rwanda in the famous Congo Nile Trail. Or you…

BRD Gets $ 40M Guarantee Fund for Energy SMEs

BRD Gets $ 40M Guarantee Fund for Energy SMEs

Small and medium companies operating in the energy sector have got a new boost that can allow them borrow money to finance their projects with confidence. The Swedish International Development…

Africa Financiers in Rwanda to Discuss Cashless Economy

Africa Financiers in Rwanda to Discuss Cashless Economy

Continental financial gurus are expected in Kigali to discuss African opportunity to showcase development in building a cashless economy. On June 20, Rwanda will host the 25th Society for Worldwide…

Rwanda Registers 10.6% GDP Growth

Rwanda Registers 10.6% GDP Growth

Rwanda’s economy registered Growth Domestic Product increase of 10.6% in the first quarter of 2018, with services sector growth of 12%, National Institute of Rwanda announced on Monday…

Rwanda, Singapore Sign Aviation Agreement

Rwanda, Singapore Sign Aviation Agreement

Rwanda and Singapore have signed Bilateral Air Services Agreements which could see RwandAir expand its flights to the Asian country, one of the world’s fastest growing countries. “We have…

Budget2018: Rwanda Increases Tax on Second Hand Clothes

Budget2018: Rwanda Increases Tax on Second Hand Clothes

Rwanda has maintained her stance on second-hand garments and footwear amidst threats to scrap its advantages on the US market. While presenting the Rwf2,443.5 billion 2018/2019…

Rice Farmers Increase Prices

Rice Farmers Increase Prices

The Federation of Rice growers in Rwanda (FUCORIRWA) has announced an increase in farm rice prices by one Rwandan franc, with plans to build a new office for rice growers…

Senate Tasks Gov’t to Put Acquired Port Land to Use

Senate Tasks Gov’t to Put Acquired Port Land to Use

Rwandan Senate has given government up to six months to come up with a clear action plan and follow up on how to put to productivity port land the country…

Irish Potato Prices Soar

Irish Potato Prices Soar

Irish Potato prices across the country have shot high barely five months after the government put restrictions on middlemen brokering prices and supply of one of Rwanda’s staple food…

RwandAir Secures Approval for Direct Flights to the US

RwandAir Secures Approval for Direct Flights to the US

Passengers using Rwanda’s National Carrier, RwandAir could start enjoying direct flight services to the United States, following US transport department’s approval. The licence gives RwandAir more business for…

Rwanda Minerals Export Revenues Increase by $207M

Rwanda Minerals Export Revenues Increase by $207M

Rwanda has registered one of the best performances in mining, in the last two years after earning more than double in exports. Rwanda Mines, Petroleum and Gas Board says export…

Network Hitches Affecting Cheque Compensation Technology

Network Hitches Affecting Cheque Compensation Technology

Central Bank may need to urgently fix network hiccups to ensure efficient operation of its new cheque compensation technology. In March this year, financial institutions across the country rejoiced as…