Rwanda Utilities Regulatory Authority (RURA) will this afternoon announce new electricity tariffs – with expectations getting high over a possible downward move. The current electricity tariffs used were announced in…
Business & Tech
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The much anticipated antibiotics pharmaceutical plant in Rwanda will start production in July this year, officials told KT Press. In 2017, Cooper Pharma East Africa plant by Cooper Pharma – a Rwandan…
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Rwanda has made a record of having fully automated the process of registration for its country domain name (dotRw) – becoming the sixth country in Africa to do so. Effective…
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The national carrier Rwandair has dismissed reports of an engine fire on one of its planes in Tel Aviv, Israel on Wednesday, saying that it was a tailpipe fire –a…
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Economy
Local Investors Take 19% Share of $2.46Bn Investments Made in 2019
by Dan Ngabonziza 4:08 pmRwanda has released figures for investments registered in the country last year, which shows local investors still have a long way to increase the pace in an economy that is…
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With the economy showing good signs, Rwanda Government through Central Bank has returned to the market with the reopening of Rwf15 billion Treasury bond. The bond, which will be rediscounted…
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Kigali city was last year ranked Africa’s 2nd most popular conference destination by International Congress and Convention Association (ICCA) based on the number of association meetings taking place regularly (annually,…
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For the past three or four years, Rwanda has been announcing mega projects year-in year-out. Many have been witnessed as groundbreaking, with a lengthy completion period. Others are quite short-term.…
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Economy
Rwanda Raises Penalties Against Money Laundering, Financing Terrorism
by Daniel Sabiiti 7:00 pmRwanda has increased penalties for anyone nabbed in an act of money laundering, financing acts of terrorism, from between seven to ten years, to more than two decades in jail.…
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President Paul Kagame has promised that Rwandans living in rural areas will soon have affordable internet at all costs. The president was this December 31, 2019 at national broadcaster where…
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Markets
Rwanda Stock Exchange Closes 2019 with $1.6 Bn Mark, Targets 20% Growth
by Dan Ngabonziza 1:47 pmIt was a successful and memorable year for Rwanda Stock Exchange (RSE) – the country’s youngest market in the region. The Stock market, which just opened in 2011, has been…
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Whether there are still vegetarians in the city is now debatable. Butcheries from across the country have experienced an exceptional high demand this Christmas, and, forget the usual complaint of …