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Economy

Rwf95Bn Invested, 40,000 Jobs Created, BDF Struggles with 12% NPL

Rwf95Bn Invested, 40,000 Jobs Created, BDF Struggles with 12% NPL

In 2011, the appetite for Rwanda’s quest to create jobs for its citizens increased. Government looked for new approaches that would drive the current target to create 1…

Rwanda, Germany Sign €10 M Financing Agreement for Kigali Green City Project

Rwanda, Germany Sign €10 M Financing Agreement for Kigali Green City Project

The government of Germany has injected €10million grant (Rwf10billion) to kick start the construction of affordable housing units in a sustainable green city project in the city of Kigali. The…

Made in Rwanda Mosquito nets Ready, Import Bill Slashed by 50%

Made in Rwanda Mosquito nets Ready, Import Bill Slashed by 50%

Rwanda will this month start distributing its own home made mosquito nets as part of the strategy to cut on imports and eliminate malaria cases to zero by the year…

Bank of Kigali Honours Connect Rwanda Pledge with Rwf 200M

Bank of Kigali Honours Connect Rwanda Pledge with Rwf 200M

Bank of Kigali of parent company BK Group PLC on Friday honoured the 2,000 smartphone pledge to the Connect Rwanda initiative with a Rw200 million cheque which will go…

Rwanda Reviews Coffee Prices

Rwanda Reviews Coffee Prices

The price of coffee cherries has been reviewed upward; increasing to Rwf 216 per kilogram from the current Rwf 190 per kilogram that was set in October 2019. Similarly, floaters…

Rwanda Celebrates One Million On-Grid Connections

Rwanda Celebrates One Million On-Grid Connections

Rwanda Energy Group (REG) is today celebrating the one million clients’ connection on national grid as part of its efforts to ensure 100% access to electricity by 2024. REG has…

Akagera National Park Visits Increase By 12%

Akagera National Park Visits Increase By 12%

 Rwanda’s biggest national park – Akagera is attracting more tourists who are interested in the Big Five among other animals and beautiful scenery of the East. The park management’s…

Sponsored: Access to Finance Rwanda Welcomes £6m Commitment from UK Aid for Financial Sector Development Initiative

  London: Access to Finance Rwanda today, January 20, welcomes a £6m commitment from UK Aid, part of a £320m package that will initiate an ambitious new phase of financial…

Government Privatises  the Struggling Burera Dairy

Government Privatises the Struggling Burera Dairy

Rwanda government has finally sold off its shares amounting to 98.3% in the Burera dairy ending a five year of the factory management shortfalls. According to a communiqué from…

How Costly is Rwanda’s Electricity? RURA to Release New Tariffs

How Costly is Rwanda’s Electricity? RURA to Release New Tariffs

Rwanda Utilities Regulatory Authority (RURA) will this afternoon announce new electricity tariffs – with expectations getting high over a possible downward move. The current electricity tariffs used were announced in August…

Local Investors Take 19% Share of $2.46Bn Investments Made in 2019

Local Investors Take 19% Share of $2.46Bn Investments Made in 2019

Rwanda has released figures for investments registered in the country last year, which shows local investors still have a long way to increase the pace in an economy that is…

What Has MICE Got for Rwanda in 2020?

What Has MICE Got for Rwanda in 2020?

Kigali city was last year ranked Africa’s 2nd most popular conference destination by International Congress and Convention Association (ICCA) based on the number of association meetings taking place regularly…