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Central Bank Maintains Lending Rate at 5%

Central Bank Maintains Lending Rate at 5%

The same repo rate has been around for the last three years and the central bank argues that keeping the rate at this level will drive economic growth especially in…

China, Rwanda Sign $214M Financing Agreement for Nyabarongo Power Project

China, Rwanda Sign $214M Financing Agreement for Nyabarongo Power Project

The People’s Republic of China on Friday, February 8, signed a financing agreement worth US$ 214 million to fund construction of Nyabarongo II Hydro Power Project. The framework…

Food and Drugs Investors, Regulator End Grievances on Registration Fees

Food and Drugs Investors, Regulator End Grievances on Registration Fees

Rwanda Food and Drug Authority (RFDA) has agreed to reconsider reviewing a circular directing all processed food and beverage products to be registered by the end of march 2020. In…

Central Bank to Announce First 2020 Economic Review

Central Bank to Announce First 2020 Economic Review

Rwanda’s Central Bank (BNR) will tomorrow release its first monetary policy and Financial Stability Statement for the first quarter of 2020 – following a projected stable economy at the closure…

Rwanda’s Satellite Powered Internet Due Next Year

Rwanda’s Satellite Powered Internet Due Next Year

One Web, an international telecommunication giant says commercialization for its satellite internet services worldwide will be operational around April 2021. This communication comes a day before the launch of the…

Rwanda, China to Sign Financing Deal for Nyabarongo Power Project

Rwanda, China to Sign Financing Deal for Nyabarongo Power Project

Rwanda and the people’s Republic of China will tomorrow, February 7, sign a financing agreement to construct the Nyabarongo II Hydro-power project. Nyabarongo II project is an addition…

Rwanda Drone Operations’ Academy Due Next Year

Rwanda Drone Operations’ Academy Due Next Year

Rwanda has gathered all it takes to construct a drone operations’ centre including a drone training academy that will take the country to a greater stride. The center is scheduled…

Kagame Roots for Life Saving Drones at First African Drone Forum

Kagame Roots for Life Saving Drones at First African Drone Forum

President Paul Kagame says Rwanda has already reaped the benefits of using drones in the health and infrastructure sectors –a sign that other African countries can adopt and use drone…

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…

From $1.3Bn Airport Deal, Qatar Airways To Acquire 49% Stake In Rwandair

From $1.3Bn Airport Deal, Qatar Airways To Acquire 49% Stake In Rwandair

Barely two months after signing a historic 60% stake to complete a $1.3 billion international airport in Bugesera, Eastern Province, Qatar Airways has announced it will now buy 49…

Let Drones Fly – World Bank’s Benedict Eijbergen

Let Drones Fly – World Bank’s Benedict Eijbergen

The World Bank (WB) Group has asked Africans to open and be flexible with drone regulations to allow drone flying for multiple purposes that can change the state of business…

Rwandan Companies Dominate 2019 Business Excellence Awards

Rwandan Companies Dominate 2019 Business Excellence Awards

Rwanda Development Board (RDB) has awarded the best and emerging business at the seventh edition of the annual Rwanda Business Excellence Awards 2019. The colorful ceremony, held in Kigali yesterday…