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Rwanda Central Bank Suspends Registration of New Insurance Companies

Rwanda Central Bank Suspends Registration of New Insurance Companies

  The National Bank of Rwanda has suspended licensing new insurance companies until further notice, to maintain financial stability. “Considering the need to streamline the insurance sector to strengthen the…

Rwanda Introduces Drones to Deliver Supplies to Farmers

Rwanda Introduces Drones to Deliver Supplies to Farmers

Livestock farmers in Rwanda will be the next beneficiaries of first drone port with livestock vaccines delivered on the farms.Following its success in delivering the first drone guided medical…

Rwanda’s Trade Imbalance Down by 5.9%

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…

Rwanda Extends Sell of I&M Bank Shares

Rwanda Extends Sell of I&M Bank Shares

The government of Rwanda has postponed a deadline of selling off its shares in I&M bank following high interest shown by several local and regional investors. About 20…

Indian Investors Pledge $ 1Billion Ventures for Rwanda

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…

Community Health Workers Turn to Real Estate Business

Community Health Workers Turn to Real Estate Business

More than a thousand community health workers in Karongi district have pooled over Rwf 295 Million to invest in a massive commercial complex. Grouped under ‘Community Health Workers Investment…

App Developers Still Struggle to Get Financing

App Developers Still Struggle to Get Financing

  From inside a small living room in Nyarutarama in 2014, two brothers had a plan of creating a simple way of electronically exchanging money – they didn’t…

MTN Subscribers Can Get Loans Without Collateral

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…

Rwanda Sells Major Bank to Finance Bugesera Airport

Rwanda Sells Major Bank to Finance Bugesera Airport

The expected Rwf11.5billion from the sale of the government’s stake in local I&M Bank will be invested into the new Bugesera International Airport – currently under construction…

First Satisfy Local Market, Kagame Tells Investors

First Satisfy Local Market, Kagame Tells Investors

  President Paul Kagame has told local manufacturers to first think about local market before focusing on the region while consumers back home are ‘starving’. The president today toured Special…

African Universal Internet Alliance Expands to 17 nations

African Universal Internet Alliance Expands to 17 nations

In 2013, seven governments meeting in Kigali adopted an ambitious agenda to turn their countries into “smart nations” – making tech and broadband connection a universal right. Today, the alliance’s…

VISA, Atlas Mara in Major Payments Deal

VISA, Atlas Mara in Major Payments Deal

Global payments firm Visa and Atlas Mara Limited that bought two of some of Rwanda’s biggest banks, have signed a commercial partnership to introduce new payment solutions and expand…