December 01, 2023
Rwanda: Six Key Highlights in Central Bank Report
In 2022/23, the Rwandan franc depreciated significantly by 8.76% against the US dollar. Read more »
November 29, 2023
Rwanda: ICT Minister Pushes for Strategic Measures to Boost Local Drone Industry
As Rwanda positions itself as a proof-of-concept hub for drone operations, the Minister of ICT and Innovation, Paula Ingabire, has emphasised the need to attract anchor players in… Read more »
East Africa: PM Ngirente Commends Intra-EAC Trade Growth
Prime Minister Edouard Ngirente has said the East African Community (EAC) registered commendable progress in intra-regional trade, since the coming into force of its customs union… Read more »
Rwanda: Rwamagana - Rwf3 Billion Invested in Lithium Exploration
On November 28, the Rwanda Mines, Petroleum and Gas Board (RMB) and Trinity Metals Group, launched a lithium exploration project worth Rwf3 billion beneath the rolling hills of… Read more »
Rwanda: Unlicenced Seven-Seater Taxis No Longer Allowed in Kigali
The government has terminated a directive that allowed owners of seven-seater vehicles to use them to ferry passengers without a transport operator licence after introducing new… Read more »
November 28, 2023
Rwanda: BDO Rwanda Hosts Tax Workshop to Navigate Law Changes
BDO Rwanda, a professional services firm, played host to a tax workshop on Friday, November 24, focusing on the latest updates in tax legislation. Read more »
Rwanda: Central Bank Governor Speaks Out on Dollar Scarcity, De-Dollarisation Talk
There is no complete lack of the US dollar in Rwanda, but limited availability of the currency has put pressure on the exchange market, while de-dollarisation, or reducing reliance… Read more »
Rwanda: Kigali - Govt Opens Up Public Transport Market to Individual Investors
The government has opened up the public transport market for buses owned by individuals as a measure to deal with scarcity of vehicles and long queues in the city. Read more »
Rwanda: Rwanda's Renewable Energy Revolution - Setting the Bar Higher for a Sustainable Future
Rwanda's journey to embed 60% renewable energy into its power grid by 2030 exemplifies its dedication to sustainable energy. This goal reflects a wider movement towards… Read more »
Rwanda: New Platform Job Flex Seeks to Revolutionise Rwanda's Job Market
A new Rwandan company called Job Flex wants to reshape freelance work by providing employability skills and flexible job options to job searchers and freelancers through its… Read more »
Rwanda: Minagri, FAO Launch Programme for Sustainable Food Systems
In an effort to advance sustainable agriculture and food systems, the Ministry of Agriculture and Animal Resources (MINAGRI) and the Food and Agriculture Organization of the United… Read more »
November 27, 2023
East Africa: EALA to Hold EAC Partner States Accountable for Poor Contribution Remittance
The East African Legislative Assembly (EALA) seeks to hold the East African Community (EAC) Partner States accountable in terms of timely payment of due contributions to address… Read more »
Rwanda: Digital Currency Development Process Underway - Central Bank Governor
A scheme to develop a central bank digital currency (CBDC) is underway after a study showed that the currency is needed in the country, the National Bank of Rwanda Governor, John… Read more »
Rwanda: Bank of Kigali Tips Agri-Exporters on Its Rwf150 Billion Financial Solutions
Bank of Kigali (BK) officials, on Friday, November 24, engaged players in the agriculture sector, especially exporters, on some of the bank's financing solutions aimed at helping… Read more »
November 28, 2023
Rwanda: MTN Rwanda Extended '25,000 Trees for 25 Years' Environmental Initiative to Nyarugenge District As Part of Its 25th Anniversary Celebration
In celebration of its 25th anniversary this year, MTN Rwandacell PLC (MTN Rwanda) extended "25,000 trees for 25 years" environmental initiative to Nyarugenge District,… Read more »
Africa: Regional Approach Key to Africa's Development - PM Ngirente
While Africa shows many opportunities for the future, it is now a question of knowing how to exploit these opportunities for inclusive growth of the continent, and the rest of the… Read more »
November 27, 2023
Rwanda: Indian, Austrian Investors Mull 'Rent-to-Own' Housing Model in Rwanda
The government is in the final stages of implementing a 'Rent-To-Own' scheme aimed at providing affordable housing for low-income earners. Investors from India and Austria have… Read more »
November 25, 2023
East Africa: EAC Heads of State Adopt Bloc's Sustainable Financing, Urge Sanctions Against Defaulting Partner States
The long-awaited sustainable financing mechanism for the East African Community (EAC) has become a reality after the Summit of the EAC Heads of State adopted a relevant funding… Read more »
Africa: Top Three Winners of Africa's Business Heroes Funding Announced
Three entrepreneurs from Egypt, Kenya, and Nigeria have emerged as the top winners of the 2023 grants from Africa's Business Heroes (ABH), a charitable initiative of the Jack Ma… Read more »
November 24, 2023
East Africa: Somalia Joins East African Community
The East African Community (EAC) Summit of Heads of State has admitted the Federal Republic of Somalia to the regional bloc, making it its 8th member country. Read more »
November 26, 2023
Rwanda: RDB Calls for Investors to Build Luxury Hotel on Mount Rebero
The CEO of Rwanda Development Board (RDB), Francis Gatare, has called upon investors to build a multi-star hotel on Mount Rebero in Kigali City. Read more »
November 24, 2023
Rwanda: Central Bank Warns Against Forex Trade Fraud
John Rwangombwa, the Governor of the National Bank of Rwanda, has issued a warning about the widespread forex trade malpractices that are affecting the country's economy, leading… Read more »
November 23, 2023
East Africa: Ngirente Calls for Climate Resilience, De-Risking Agriculture in EAC
The East African Community (EAC) Partner States should put adequate resources into addressing risks in the agriculture sector and building resilience to climate change for food… Read more »
Rwanda: Central Bank Maintains Lending Rate at 7.5%
In continued efforts to tame inflation, the National Bank of Rwanda has decided to maintain its lending rate at 7 per cent. Read more »
November 22, 2023
Rwanda: MPs Urge for Inclusion of Under Four-Star Hotels in Public Tenders
Members of Parliament have criticised the existing public procurement practice whereby hotels with a ranking from four stars and above are awarded public tenders without… Read more »