EQTY 440.00 -5 CTL 65.00 0.00 KCB 370.00 0.00 USL 104.00 0.00 NMG 1,200.00 0.00 BLR 139.00 0.00 BK 265.00 0.00 IMR 90.00 0.00
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Business & Tech

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Bank of Kigali Net Profit Rises by 2.9%

Bank of Kigali Net Profit Rises by 2.9%

Bank of Kigali, Rwanda’s largest bank by assets has posted a slight increase of its net profit by 2.9% in the past nine months. The Bank announced…

Expo to Showcase Power of Local Products

Expo to Showcase Power of Local Products

Rwandans are pooling hundreds of locally made products aimed at exhibiting the country’s growing potential to compete with foreign products in the market. From December 14 -20, the…

Government Approves Nearly 50 Mining, Exploration Licenses

Government Approves Nearly 50 Mining, Exploration Licenses

  Rwanda on Friday licensed up to 50 mining companies – as independent international studies show the country has more mineral wealth than previously known. A cabinet meeting chaired by President…

Rwanda Finds Investor to Double Tea Production

Rwanda Finds Investor to Double Tea Production

A Scottish investor has acquired a major stake in two Rwandan tea factories pledging to double the country’s tea production in the next two years. Sir Ian Wood…

Rwanda’s $38M Cable Car Project Hooks Italian Investor

Rwanda’s $38M Cable Car Project Hooks Italian Investor

Rwanda has found an investor ready to implement the ambitious cable car project which was budgeted for an enormous $ 38 million three years ago. KT Press has reliably learnt that…

Rwanda’s Pump Prices Increase by Rwf 122/litre

Rwanda’s Pump Prices Increase by Rwf 122/litre

Rwanda has increased fuel pump prices bowing down to the continued pressure mounted by increase on global market. Petrol prices have been the most affected- increasing by Rwf 122 while…

Rwanda Needs WhatsApp, Facebook Banking – Say Financial Experts

Rwanda Needs WhatsApp, Facebook Banking – Say Financial Experts

Experts have said Rwanda’s financial institutions are at a very low pace to adopt digital technologies to increase inclusive access to finance, despite the country’s financial sector registering…

Africa’s First Coltan Plant Due in Rwanda

Africa’s First Coltan Plant Due in Rwanda

By next year, a dream that Rwanda would have its automobile and mobile phone brands that will compete with famous brands from across the world will no longer be too…

Govt Courting Four Firms for $255m for Peat Extraction

Govt Courting Four Firms for $255m for Peat Extraction

Rwanda is courting reputable international and local financiers to fund the peat to power project that is expected to add 80 MW to the national grid, for the country to…

U.S. Fears Losing Business with East Africa

U.S. Fears Losing Business with East Africa

East African bloc has found a stronger business ally to replace the United States of America and trade between the two blocs will but keep shrinking- a survey has warned…

Construction Begins on $818m Bugesera Airport

Construction Begins on $818m Bugesera Airport

Heavy construction machinery has started clearing and hallowing heaps of earth surface to pave way for Rwanda’s long anticipated Bugesera International Airport (BIA). Standing close to the airport site…

Rwanda-DRC to Sign Duty Free Trading Deal

Rwanda-DRC to Sign Duty Free Trading Deal

Rwandan small businesses will be able to exchange commodities with their Congolese counterparts across the border without fear of being arrested. On Thursday, Rwanda and Democratic Republic of Congo (DRC…