The Development Bank of Rwanda (BRD) has floated subsidiary financing that will be used to finance development activities for refugees living in Rwanda and their neighboring communities. The funding worth…
Business & Tech
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Rwanda’s Minister of Finance said last week, that the Covid-19 crisis compelled the government to borrow more money which has moved the country’s status from low risk to moderate risk,…
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Digital transformation driven innovative solutions and 5G internet to propel Africa towards the digital future were some of the highlights at the 2020 Virtual Africa Tech Festival (AfricaCom) from November…
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Economy
Rwanda Signs Bilateral Air Services Agreement with The Republic of Korea
by KT Press Reporter 12:46 pmThe Republic of Rwanda and the Republic of Korea have signed a Bilateral Air Services Agreement (BASA) that comes to open doors to larger market opportunities between both countries. Rwanda’s…
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Atlas Mara Limited and Kenya Commercial Bank (KCB) Group Plc has signed a definitive agreement to acquire 62.06% of issued shares in Banque Populaire du Rwanda Plc (BPR). BPR, which…
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Economy
Rwanda Gets More Funding to Roll out 2024 Electricity Access Targets
by Daniel Sabiiti 6:52 pmRwanda and the Republic of Korea have signed a financing agreement worth Rwf64 billion ($66.2 million) to reinforce Rwanda’s power transmission and grid expansion. The deal was signed this morning…
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“Tomorrow Nov. 26[today] at noon the first-ever Israeli airline @Israir_israel will land in beautiful @CityofKigali with more than 80 tourists. Welcome!” wrote the Ambassador of Israel to Rwanda, Ron Adams. Welcome notes…
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Despite Covid-19 challenges on Rwanda’s economy, the financial sector continued to be sound and stable with sufficient capital and liquidity, the Central Bank said recently in its annual report. For…
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The Government’s efforts to improve the social services have moved a further step with offering Rwanda Social Security Board (RSSB) full financial and administrative independence or autonomy, the condition expected…
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Economy
Rwanda’s Integrated Payments To Be Fully Operational February 2021
by Daniel Sabiiti 5:13 pmThe National Bank of Rwanda (BNR) Governor, John Rwangombwa has said that Rwanda’s automated financial payment systems will next year February start operating in full swing running 24 hours, seven…
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Technology
KOMMTRACE Tag: Here Comes an Innovative, Cost Effective Technology In COVID-19 Contact Tracing
by KT Press Reporter 3:05 pmKommlabs, an ICT solutions company has brought an innovative, cost effective and reliable technology in the fight against COVID-19, a pandemic that has deepened the world into a crisis since…
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For every business to succeed, it needs to maintain consistence in operations, a steady cash flow but above all, it must be insured against any unforeseen risks that can emerge,…