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BPR Reduces Base Rate by 2% as Money Market Stabilises

BPR Reduces Base Rate by 2% as Money Market Stabilises

    Banque Populaire du Rwanda Plc (BPR)  – Rwanda’s largest retail bank on Friday announced a reduction of its base lending rate from the current annual 16.5% to…

Individual Investor in Gov’t T-Bonds Registers 10% Growth

Individual Investor in Gov’t T-Bonds Registers 10% Growth

The number of individual investors in government-issued treasury bonds has grown from 0 to 10%, Central Bank Chief Economist, Prof. Thomas Kigabo says. A Treasury bond (T-bond) is…

Nigerian Brings ‘Pay as You Cook’ Technology to Rwanda

Nigerian Brings ‘Pay as You Cook’ Technology to Rwanda

A Nigerian company has put together all it takes to launch in two weeks, a new innovation that will allow cooking gas consumers buy as little as they want via…

Bank of Kigali Cross-lists on Nairobi Bourse

Bank of Kigali Cross-lists on Nairobi Bourse

Bank of Kigali – Rwanda’s biggest Financial Institution by assets, made history as the first Rwandan company to cross-list on International Stock Market. On Friday, the bank…

BK Group Places 7M Shares for Staff Ahead of Closing Date

BK Group Places 7M Shares for Staff Ahead of Closing Date

Bank of Kigali – Rwanda’s biggest financial institution has issued 7.2 million shares to its employees as part of its over 200 million discounted shares the bank put up…

Rwanda Issues 3-Year Rwf15 Billion Bonds

Rwanda Issues 3-Year Rwf15 Billion Bonds

Rwanda will issue a 3-year treasury bond worth Rwf 15 billion this month to finance infrastructure projects and capital market development, Central Bank (BNR) announced on Thursday. “The National…

BK Group Kicks Off Sale of New Discounted Shares

BK Group Kicks Off Sale of New Discounted Shares

Effective today – October 29, shareholders of Bank of Kigali Group – the country’s largest financial institution by assets, can start buying over 200 million discounted shares the…

Rwanda Drops Kenya as Source of Fuel Imports

Rwanda Drops Kenya as Source of Fuel Imports

Rwanda no longer imports some of its petroleum products from Kenya because of adulteration, a senior Kenyan politician has revealed. Kalonzo Musyoka, a former Vice president and currently one of…

Rwanda’s Premium Coffee Places High Prices on Global Market

Rwanda’s Premium Coffee Places High Prices on Global Market

Local producers of Rwanda’s premium coffee could be smiling, following a 5 times sale of their coffee on global market. At an internet auction activity organized by the National…

Rwanda Re-opens Rwf10 Billion T-Bond

Rwanda Re-opens Rwf10 Billion T-Bond

Rwanda will reopen a-7 year Coupon Treasury Bond worth Rwf10 Billion ($11.4 million) from June 25th -27th, 2018 by revisiting the previous issued bonds with the same maturity…

Rwanda Issues Rwf10 Billion Bond

Rwanda Issues Rwf10 Billion Bond

Rwanda Central Bank Rwanda will this month issue a 10-year treasury bond worth Rwf 10 billion to finance infrastructure and Capital Market, according to a tender notice by the…

Central Bank Reduces Cheque Compensation to 4 Hours

Central Bank Reduces Cheque Compensation to 4 Hours

Financial Institutions in Rwanda will no longer have to carry physical cheques to the Central Bank for payment settlements. The Central Bank (BNR) has introduced ‘Cheque Truncation System (CTS…