Rwanda's leading telecom company by market share, MTN, is in talks with TEAMS, the company which landed the fibre optic cable on the Kenyan port city of Mombasa on 12 June 2009.
Today no transactions were recorded on the Rwanda OTC market. The KCB shares remained at Rwf 160. At the end of the session, 8,515 shares were on offer and no buyers.
President Paul Kagame has called upon the Rwandan business community and government officials to have a change in mindset especially in service delivery to enable the country sustain rapid economic development and achieve greater prosperity.
RwandAir has secured $40 million from the PTA bank to finance its ten-year strategic plan and a five-year business plan whose implementation started this year.
Construction of a five star hotel in Kigali city that is expected to create 400 jobs has started.
The East African Community is attracting the attention of neighbouring countries -- a number of which want to join the bloc.
Rwanda has signed a $250 million investment deal with US-based Eco Fuel Global and the UK's Eco Positive, to produce "green energy" using biofuel.
In an effort to shine a light on the darkness at the heart of the world's deadliest conflict since the Second World War, the Enough Project travelled to eastern Congo to better understand how the 3Ts (Tin, Tantalum, and Tungsten) and gold make their way from Congo's killing fields to our cell phones, laptops, MP3 players and video game systems.
President Paul Kagame yesterday held talks with the Chief Executive Officer of Millicom International Cellular (MIC), Mikael Grahne, the parent company of Tigo, a telecom service provider.
A report has allayed fears of economic loss to people relocated from where the Kivuwatt methane gas project is located, as well as those who directly benefited from the economic activities around the area.
The Director of Rwanda Geology and Mines Authority (OGMR), Michael Biryabarema, has said that mineral wealth will improve the country's economic Gross Domestic Product (GDP).
Kenyan traders who export or source goods from Angola may now find it easier to execute transactions by levering on links provided by Standard Bank, which set up its operations in the fast rising economy last week.
In August, I sent a letter to the president of the Angolan republic, in which I drew attention to the fact that the attorney general of the republic was breaking the law by serving as the managing director of various private firms, something that is incompatible with the office that he holds.[1]
Imagine a tiny country flush with oil money, where the wealth per person is on par with that of Spain or Italy. Now picture a place quite the opposite, where nearly two-thirds of the population lives in extreme poverty and infant and child mortality rates are on par with those of the war-ravaged Democratic Republic of the Congo.
National airline company Rwandair is going through a major change in its operations, with the imminent acquisition of its own aircraft. In preparation, it has enlisted two experienced Rwandan pilots.
Rwanda Development Board (RDB) is set to award top businesses in Rwanda as an incentive to encourage good business practices in the private sector.
The International Finance Corporation (IFC), an investment arm of the World Bank Group, yesterday held a one day training session for auditors authorised by the Central Bank to support Micro Finance Institutions (MFIs).
The Development Bank of Rwanda (BRD) has released loans worth Rwf11billion within the ten months of 2009, showing resilience to the liquidity crunch that hit the local and international financial sector this year.
Prices of Rwanda's teas sold through the weekly Mombasa auction market rose significantly by 29.8 percent last week in response to high quality supplies, according to Ocir-Thé.
President Paul Kagame yesterday said that brain drain is a major challenge that needs to be addressed by governments and institutions on the African continent.
Two years ago, Kigali City announced it was putting in place the necessary amenities that would enable traders, especially within the central business district to operate on a 24hr system.
The Romanian ambassador to Angola, Iacob Prada, announced last Wednesday in Luanda that Romanian experts will start building in 2010 an oil research and prospect centre, in the ambit of a cooperation protocol to be signed between the two countries next year.
Rwanda has the gift of unique soils which are situated in the volcanic mountains. The soils are rich with nutrients but the agro sector seems to be forgotten and not exploited to full capacity.
Livestock farmers are set to benefit from a multi-million dairy plant that is set to be set up in Nyagatare district next year.
Ministers responsible for the development of railway transport in Rwanda, Tanzania and Burundi will be meeting in Kigali, next week to discuss the regional railway development project, a statement from the Ministry of Infrastructure says.
