Inflation goes up in first quarter

Inflation goes up in first quarter

The producer price index (PPI) which measures inflation from the manufacturers’ perspective, increased by 1.39 percent from December 2014 to March 2015, the National Institute of Statistics of Rwanda (NISR) said in a statement. Data indicate that on an annual basis, the main contributors to the PPI during the first quarter 2015 are tea and coffee products as well as malt beverages. Between January and March, coffee and tea products contributed positively to Rwanda’s PPI by 1.05 percent and 0.63 percent respectively. According to the statement, if coffee prices in the international market continued to rise, Rwanda’s PPI would not decline in the short term. The statement noted that sugar products contributed negatively to the…

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Experts urge banks to ease requirements to finance more SMEs

Rwanda bank

With over 100,000 Small and Medium enterprises-SMEs across the country with bankable businesses, banks, experts advise  should  ease their requirements to  increase credit going to   the  country’s fastest growing sub sector. Despite the recent efforts to bolster credit flow SMEsbanks stilldemand requirements that most SMEs due to their nature of operation (startup stages) cannot manage. “While it is a fact that the banks must conduct due diligence in their lending and be risk averse, there needs to be fresh thinking around the lending policy,” said Sam Kebongo, Project Management and Entrepreneurship Development Consultant The rethinking according to experts would go along   commercial banks understanding the structure of SMEwhile   taking a step to educate their clients  …

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Abayobora imirenge Sacco mu ntara y’Uburengerazuba baraburirwa mu gutanga inguzanyo

Rwangombwa John Guverineri wa banki y’igihugu

Abayobozi b’ibigo by’Imari iciriritse mu ntara y’Uburengerazuba basabwe kuba maso no kwirinda gushingira ku kimenyane n’amarangamutima mu gutanga inguzanyo kuko benshi mu bazihabwa kuri ubwo buryo batazishyura. Mu nama yahuje umuyobozi mukuru wa banki nkuru y’igihugu BNR hamwe n’abayobozi b’ibigo by’imari iciriritse mu turere twa rubavu, Nyabihu, Rutsiro na Ngororero byagaragajwe ko hari abayobozi b’ibigo by’imari iciriritse batanga inguzanyo kubatazikwiye bikagorana kuzigarura bigatera ibyo bigo igihombo. Umuyobozi wa Banki nkuru y’igihugu John Rwagomba avuga ko mu ntara y’Uburengerzuba igipimo cy’inguzanyo zitagaruwe kitubahirijwe nubwo bidakabije, akavuga ko hakenewe gufatwa ingamba zituma icyo gipimo cyubahirizwa. Rwagomba avuga ko amategeko agenga ibigo by’imari inguzanyo zitagarurwa kitagomba kurenza 5% ariko mu ntara y’Uburengerazuba kigera kuri 7.1% mu mirenge Sacco…

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WASAC-COGEBANQUE : Vers un nouveau système électronique de payement des factures de l’eau

Les cadres de WASAC et de la COGEBANQUE lors de la signature de cet accord

Water and Sanitation Corporation (WASAC), chargé de l’Eau et Assainissement au Rwanda, a signé un accord avec la Compagnie Générale de Banque (Cogebanque), pour l’introduction d’un nouveau système automatisé de facturation pour leurs clients. Cette banque locale qui ne cesse de se distinguer est en train d’ériger son siège au cœur du centre-ville de Kigali, un immeuble de plus de 7 étages. « Nous ne Voulons pas voir nos clients faire la queue pour payer  les factures de l’eau. Voilà pourquoi nous avons établi un partenariat avec  la Cogebanque pour faciliter les Rwandais à accéder aux services de paiement », a fait savoir Lucien Ruterana, Directeur Commercial de WASAC. Quant au Directeur du Développement des Affaires au…

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Districts urged to seek financial alternatives

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There is a need for Districts to look at alternative financing In order for Districts to deliver for the second Economic Development and Poverty Reduction Strategy (EDPRS2) which focus at   moving the economy to middle income. Amb. Claver Gatete, Minister of finance and economic planning says that districts are undertaking ambitious   development   projects which need more financing than central Government   budgetary   disbursements or few revenue sources. “You (districts) need to devise alternative revenue sources if you are to deliver,” said Gatete Most development projects districts such as   construction of roads, rural electrification,and agriculture mechanization are bigger and need   more sources of funding for their execution. Apart from budgetary disbursements, districts rely on collections from property,…

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Kayonza: Sacco, a bridge to sustainable development

bridge to sustainable development

  Residents of Nyamirama sector in Kayonza district commend Sacco for fostering their social economic development, saying their lives changed after they started working with Sacco. This is because at first some residents considered working with financial institutions to be a privilege for the rich and the literate, which discouraged them from saving the little they get. However, residents negative attitude changed after the government started setting up financial institutions in rural areas of Rwanda to enable all residents access financial services. One Samuel Gatare from Nyamirama sector in Kayonza district says that he was poor before working with Sacco, revealing that he has achieved a lot by accessing Rwf200,000 loan which he invested agricultural…

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