Economy
Rwanda Plans $200m Fund to Subsidise Home Owners
Rwanda will in three months set up a multimillion dollar fund to help bring down the current cost of housing, KT Press reveals. Infrastructure Minister James Musoni told KT Press…
Rwanda’s Army Bank Recorded $8.3m Net Profit in 2016
Rwanda’s Amy bank, Zigama CSS has announced that it earned a total net profit worth Rwf6.8 billion ($8.3 million) in 2016 compared to Rwf5.2 billion ($6…
Banks Earned Nearly $100m Net profit in FY16
Despite the bad loans, last year banks in Rwanda earned a combined total of Rwf3billion more than they made in the previous year 2015, the central bank announced Wednesday. John…
Why Did ‘Na Yombi’ Customer Care Campaign Fail?
During the monthly community work known as ‘Umuganda’ , Ernest Munyeshyaka, a resident of Jali sector – Gasabo district in the capital Kigali surprised many by publicly pinning a local leader for…
Rwanda’s Economy Growing Steadily-World Bank President
The World Bank President Dr. Kim Yong Jim is convinced that Rwanda’s economy is navigating a right path despite limited resources. “Rwanda has managed its economy brilliantly and…
Deal Gone Bad: 16 Containers of Taxi-Motor Headgear Unsold
More than six years ago, a businessman scooped a deal to import headgears that were to be used by Taxi-motor riders and their clients. He remains a bitter man…
Rwanda’s Inflation Rises to 8.1%
Rwanda’s economy is currently facing rising inflation of up to 8.1% according to recent figures released by the national institute of statistics (NISR). According to the NISR…
BRD Allocates $267m to Affordable Housing
Becoming a landlord will be easier next year for anyone earning a stable monthly income of up to Rwf 300,000. The Development Bank of Rwanda (BRD) has allocated $267…
Rwanda Woos Congolese for I&M Bank IPO
Executives from I&M Bank and government officials are in the Rwanda-DR Congo border district of Rubavu to showcase the bank’s scheduled initial public offering (IPO) for…
Rwanda’s Trade Imbalance Down by 5.9%
Rwanda is stepping up efforts to cut down the biting trade imbalance. According to 2016 monetary policy and financial statement released today by Central Bank, the country’s trade deficit…
Indian Investors Pledge $ 1Billion Ventures for Rwanda
Indian investors have pledged a $1 billion to invest in new technologies that would improve social wellbeing of Rwandans. Under a 2 year program, the $1billion worth of investment…
MTN Subscribers Can Get Loans Without Collateral
With only a phone subscribed to MTN, Rwandans can keep saving as little as Frw100 a process that would enable them borrow a soft loan without collateral. Today, the commercial…
