Bank of Kigali to Close 8 Branches across Rwanda

Bank of Kigali to Close 8 Branches across Rwanda

Rwanda’s leading commercial bank, Bank of Kigali (BK) plans to close eight branches across the country as it seeks to reduce operational costs, which are affecting its profitability. While the Rwanda Stock Exchange-listed lender remains profitable, latest published results show its earnings are under threat from high operating costs. According to the third quarter to […]

Only 12 AU Countries Haven’t Signed AfCFTA Deal

Only 12 AU Countries Haven’t Signed AfCFTA Deal

A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough – and practical solutions – to move the process ahead. AfCFTA area aims to create a single continental […]

MTN Rwanda Injects Rwf50 billion in Network Expansion

MTN Rwanda Injects Rwf50 billion in Network Expansion

MTN Rwanda has today signed Rwf50 billion 7-year tenure loan with a syndicate of local banks to fund its capital expenditure program for this year until 2020. The deal is aimed at the expansion and modernisation of the Network and related IT systems. At the signing of the agreement, MTN Chief Executive Officer, Bart Hofker […]

Rwanda, AfDB Calls for More Awakening of ‘Sleepy Africa Giant’

Rwanda,  AfDB Calls for More Awakening of ‘Sleepy Africa Giant’

Rwanda Minister of Finance has called for increased contributions to Africa Development Fund (ADF) to finance Africa’s Development Agenda Africa offers more opportunities for investments than ever before, the Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana has said. Ndagijimana attributed this rise to increasing young population, middle class, unprecedented ICT penetration, regional integration, […]