It’s the bad road aiding night bus robbers, destroying commerce
There have been new reports of highway armed robberies on the busy Kampala-Masaka-Mbarara highway.
“Author Archive”
BRD secures more cash for small businesses
Small and medium enterprises in agriculture, agro-processing, information communication technology, education and tourism that need working capital may try the Development Bank of Rwanda (BRD).
Plan to merge SACCOs at districts started
The National Bank of Rwanda (BNR) plans to “consolidate” all savings cooperatives and credit organizations (SACCOs) at district level to ensure effective monitoring and improved efficiency in the microfinance sector.
Liquid Umurenge SACCOs can form a viable cooperative bank
The most exciting development in the finance sector this year is the plan by the central bank to amalgamate cooperative savings and credit organizations (SACCOs) to form apex organizations based at the districts.
African Development Bank lends BRD $8m
The Development Bank of Rwanda (BRD) has had its lending capacity to the private sector boosted with a $8m loan from the African Development Bank (AfDB).
BK takes competition beyond national borders
Just a week after going regional with the opening of a representative office in Nairobi, Kenya, Bank of Kigali (BK) has added Money Gram money transfer to international financial services it offers customers.
Maintain ban on polythene, the price is too high to pay
A security officer at Gatuna recently pulled out a beautiful polythene bag from my suitcase, emptied its contents into my hands, tore it into pieces and threw it down onto a heap of rubbish.
BNR kick-starts credit information campaign
The National Bank of Rwanda (BNR) has started a month-long campaign to encourage the public to make use of credit reference services as one way of making access to commercial loans faster and cheaper.
First commodities exchange unlocks markets for farmers
The creation of a commodities exchange, the East Africa Exchange Rwanda (EAX Rwanda), gained pace last week with the appointment of its senior management team—the chief executive officer and the chief operating officer.
Regulator petitions Parliament for new pension law
The central bank has petitioned Parliament to expedite the passing of the draft pension bill intended to reform the sector and encourage more savings.
