Rwanda’s air traffic will rise to 300 flights per week from 200 last year, Rwanda Civil Aviation Authority (RCAA), the sector regulator said, citing a rebound in economic activity that has attracted more airlines.
The number of Dutch tourists to Rwanda increased by 30 per cent between January and September last year, boosting overall European visitors by 6 per cen
Rwanda Revenue Authority (RRA) and the private sector yesterday engaged in a heated debate over tax regulations and facilitations that both parties had earlier agreed to put into practice to simplify trade.
Rwanda expects to bridge her trade deficit by a huge margin in the next six year aided by a surge in overseas service trade.
Rwanda is one of the leading countries with the best conditions of doing business, increasing the records every year...
Rwanda Commercial Bank (BCR) announced a net profit after tax of Rwf2.3b for the year ended September 2011, up from Rwf1.7b last year, boosted by the good performance of the economy, according to the bank’s unaudited accounts.
Rwanda is the top business friendly destination in East Africa, the third in Africa and the second top reformer globally according to the World Bank
Business Development Fund (BDF) has disbursed over Rwf4b to financial institutions as guarantee funds for 175 projects.
The US Senate, last week, approved a Bilateral Investment Treaty (BIT) with Rwanda, a deal which was first signed, in 2008, by President Paul Kagame and then US leader George W. Bush, during the latter’s visit to Kigali.
KIGALI - For the second year running, Rwanda has emerged among the top countries in Sub-Saharan Africa on the competitiveness index released, yesterday, by the World Economic Forum (WEF).
A new investment strategy along with repositioning of RDB should deliver on set target of attracting $550 million this year...
KIGALI-President Paul Kagame has called upon the business community to be tax compliant so that the country can fund its own budget and reduce dependence on donor support.
Rwanda will for the first time participate in the global entrepreneurship week, exposing its current success in promoting the business environment.
VILLAGE URUGWIRO-The chief executive of Turkish Airlines, Temel Kotil, and his delegation, yesterday, paid a courtesy call on President Paul Kagame at Village Urugwiro to brief him on the airline’s plans to open a new route to Kigali.
Hospitality business is the most attractive sector in the country, Rwanda Development Board’s (RDB) provisional statistics for the second quarter, indicate.
KCB Rwanda expects its profits for the second quarter of 2011 to slip after the bank enjoyed a successful first quarter.
Chief Executives of businesses in Africa are optimistic about their companies’ performances, thanks to a growing economy and governments that are attentive to the private sector, a new Price Waterhouse Coopers’ survey has disclosed.
Leading Pan-African banking group, Ecobank was named the ’Best Bank in Africa’ in Euromoney’s 2011 Excellence Awards, held last week in London.
Businesses will be required to carry out an environmental assessments to ascertain their impact on the environment.
In an attempt to increase revenues for insurance companies in Rwanda and boost insurance penetration rate, local insurance firms are demanding that imports be insured locally.
Rwanda has set its targets high including becoming a middle income country by the year 2020 with a per capita income of 1000 US dollars.
KIGALI - The outgoing US ambassador to Rwanda, Stuart Symington has said that Rwanda has become one of the world’s leading countries in the preservation of peace and security in Africa and the entire world.
The Executive Board of the International Monetary Fund (IMF) applauded Rwanda’s macroeconomic stability but warned that economic growth could be threatened by rising global food and fuel prices.
With the ongoing construction of the multi million Dollar, Kigali Hotel & Convention Centre (KH&CC), Rwanda is showing strong signs of intent to participate in high value business tourism...
Half of the money allocated to the agriculture sector in the 2011/12 financial year will be spent on increasing productivity in the sector, with 100,000 agronomists expected to undergo training.
A law on gaming and betting is awaiting approval by the parliament in order to regulate and streamline activities in the country.
The resumption of RwandAir flights between Kigali and Rubavu will promote local and cross border trade, according to officials.
After two years of successive operating loses, KCB Rwanda, a subsidiary of Kenya Commercial Bank (KCB) Group posted a modest profit in the first quarter of 2011 on account of a strong growth in customer deposits.
Central banks in Africa can play a bigger role in financing development by allowing investments and increasing savings in their respective countries, a top monetary official said.
Rwanda’s exports are expected to flourish in value and volume after the establishment of ultra-high laboratories.
The performance of commercial banks in the country improved significantly with credit to the economy growing by 10 percent in the first quarter of 2011 compared to the same period last year.
Rwanda’s largest brewery, Bralirwa, reported strong performance in 2010 with net income growing by 62.8 percent, beating analysts’ expectations and generating optimism on the Rwanda Stock Exchange (RSE) ahead of this year’s planned listings.
The Government of Rwanda will institute new regulations, including the law on consumer protection to control food prices’s hike and curtail malpractices in trade and supply of essential commodities.
One of the most stressful events that can happen to any business is the prospect of a tax audit. It is believed that tax officers have aggressive targets to meet.
Marriot Group, one of America’s largest chain of hotels will inspect its US$55m Kigali Marriott hotel project next week.
Rwanda is examining possibilities through which it can manufacture turbines for small and micro hydropower plants as a way of cutting energy cost...
Government will take new measures aimed at improving tax compliance and efficient tax collection in the fiscal year 2011/12.
The new measures to be announced during next month’s budget...
Bank of Kigali (BK), the country’s biggest lender projects huge margins with its net profit expected to sharply rise to Rwf2 billion in the first quarter of this year from Rwf849.9 million the same period last year.
Bank of Kigali (BK) will increase its lending to the private sector by 30 percent to Rwf130 billion this year from Rwf110 billion last year after securing a credit line from the French Development Agency (AFD).
KIGALI - President Paul Kagame, yesterday, at Village Urugwiro, received a delegation of Middle East investors. The group, led by Tarek .M. Ragheb, Rwanda’s Honorary Consul to the Middle East, explored investment opportunities in the country.
Rwanda must diversify commercial agriculture to reduce her heavy reliance on coffee and tea to stimulate growth and increase foreign exchange, the World Bank has advised.
The joint investment between the government of Rwanda and African Parks Conservation from South Africa will see US$12m spent on the development and management of Akagera National Park as a functioning savannah ecosystem
Urwego Opportunity Bank (UOB) has introduced mobile banks as one way of taking banking services to rural areas...
The central bank yesterday decided to keep its key repo rate at a record low of 6 percent until mid this year to tackle inflation as the economy faces domestic and external shocks.
The Government through the registrar of companies has instituted insolvency proceedings in commercial courts against Rwandatel which is shrouded in controversy
The central bank will not allow Blue Financial Services to re-open its subsidiary in Rwanda
The Ministry of Trade and Industry (MINICOM) said it sees a brighter future for the economy, this year, based on substantial progress registered last year after a slowdown in economic activity in 2009.
The head of the Rwanda Utilities Regulatory Authority (RURA), Regis Francois Gatarayiha, declared yesterday that the revocation of the Rwandatel’s mobile license is permanent
President Paul Kagame, yesterday said that Rwanda’s economy has continued to grow steadily for the last 10 years
Bank Populaire du Rwanda (BPR), Tuesday, announced it will invest US$2.1 milion in agriculture development in the next two years.
Tigo Rwanda, the country’s second largest telecom operator by market share, will unveil Mobile Money service before the end of this year
PSF, the umbrella arm of the private sector in Rwanda is backing the privatisation of the Mombasa port
The Ministry of Public Service and Labour plans to create 1.5 million jobs in seven years. The Director General of Employment and Labour in the ministry, Anna Mugabo, said this in an interview with The New Times.
MTN Rwanda launches Cash Power top up service
GDP Rwanda grew by 7.5 percent in 2010
The Ministry of Health wants to have at least 692 more medical doctors by 2017.
STATE OF THE NATION ADDRESS BY H.E PAUL KAGAME, PRESIDENT OF THE REPUBLIC OF RWANDA, TO PARLIAMENT, KIGALI, 14 FEBRUARY 2011
New Times, Rwanda News
