Good news from BNR governor: Financial sector strong, resilient

Good news from BNR governor: Financial sector strong, resilient

  The central bank has said the country’s financial sector is stable, strong and able to support economic growth. Describing the sector as adequately capitalized, the bank in its quarterly review on Tuesday  said the sector posted a positive outlook in the first quarter of 2016, is able  to  finance the  private sector while also remain resilient to any  shocks. “The Banking and non-banking financial institutions’ capital and liquidity levels remain adequate, above the prudential limits, and enough to absorb any shock,” said John Rwangombwa, the governor of Central bank on Tuesday. According to the review, as of March, 2016, the banking sector’s liquidity levels stood at 43.9 percent, 89 percent for Microfinance institutions and353…

+

KCB allocates Rwf 30 million to income generating projects

KCB MD (centre) and members of the Amizero Centre in Gikondo, Kigali receiving the chairs and tents given to them by KCB. The centre is under the Methodist Church of Rwanda.

Kenya Commercial Bank-KCB Rwanda has allocated Rwf 30 million this year under its initiative of giving back to the community that will support in setting up income generating projects. The move, according to the bank, a subsidiary of Kenya’s KCB Group is expected to help communities to get start up support rather than gifts, a norm most companies use in their corporate social responsibility. “We believe that giving someone a donation is not helping them, because you have to continue giving them, it’s not sustainable,” said Maurice Toroitich, Managing Director of Kenya commercial bank Rwanda on Thursday. Under this  new initiative, Toroitich  says people will be able to have sense of self worth, dignity and…

+

Foreign Owned Investments in Rwanda Increase by 78%

Workers at C&H Garments Ltd Rwanda

Foreign Direct Investments (FDI) to Rwanda have increase by 78.1 per cent according to the latest Foreign Private Capital Census (FPC) 2015 report released by the central bank. According to the report, investments by foreign investors increased to US$ 458.7 million in 2014 from US$ 257.6 million recorded during 2013. “It is due to high confidence of foreign investors in Rwanda and the country’s attractiveness to  foreign investment,” the report reads in part. Mauritius investments in Rwanda are leading with $ 113.5 million followed by Switzerland $ 106.2 million. The United States of America and Luxembourg come on third and fourth positions with $ 70 million and $ 52.6 million worth of investment respectively. In…

+

Kagitumba: Abacuruzi bavuga ko bakwa ruswa muri Uganda

Abadepite batambagizwa umupaka

Bamwe mu bacuruzi bakoresha umupaka wa Kagitumba babwiye abadepite mu nteko y’umuryango wa Afurika y’iburasirazuba  ko bakwa ruswa ku mizigo. Hari mu nama y’umunsi umwe yabaye kuri uyu wa 21 Kamena. Umucuruzi utashatse ko amazina ye atangazwa avuga ko iyo akuye ibicuruzwa mu gihugu cya Uganda, ahagarikwa akigera ku mupaka agasabwa gutanga amafaranga. Nawe yemera ko aya mafaranga ayatanga ari nka ruswa kuko nta nyemezabwishyu ahabwa. Gusa ngo ayatanga agira ngo acungure ibicuruzwa bye. Ati “ Urahagera ukabona batambitse umugozi mu nzira, wahagarara bakakwa ibihumbi 100 by’amashiringi, iyo ubajije impamvu varakwihorera washoberwa ukayatanga ngo ucungure ibyawe.” Abavunjayi bo bavuga ko akazi kabo kahagaze. Ngo imodoka ziva mu Rwanda ntizihagarara ku mupaka mu gihe izinjira zo…

+

Cyanika: Abacuruzi baracyabangamiwe n’amasaha umupaka ukora

Abakoresha umupaka wa Cyanika bifuza ko wakongererwa amasaha yo gukora

Abacuruzi bakoresha umupaka wa Cyanika bavuga ko bakibangamiwe no kuba uwo mupaka ukora amasaha make bigatuma ubucuruzi bwabo butagenda neza. Ubusanzwe umupaka wa Cyanika, uhuza u Rwanda na Uganda, ufungura saa kumi n’imwe za mu gitondo ugafunga saa mbiri z’ijoro. Ariko abawukoresha bavuga ko amasaha 16 ukora ari make, bakaba bifuza ko yakongerwa. Bamwe bavuga ko iyo bageze kuri uwo mupaka saa mbiri zarenze basubizwayo, bakajya gucumbika bigatuma gahunda bari bafite zidatungana. Biraro Ignas, ukorera ubucuruzi muri santere ya Cyanika, iri mu Karere ka Burera, avuga ko hari igihe ajya muri Uganda mu bucuruzi butuma ataha bitinze ariko akabukora ikitaraganya atinya ko bafunga umupaka atarataha. Ibyo ngo bituma adakora ubucuruzi bwe neza. Agira ati “Mu…

+

Musanze: Abaguzi barinubira amafaranga y’umunzani bakwa

Kwishyura ibyo bahashe bakongeraho n’ay'umunzani abaguzi basanga ari akarengane

Abahahira mu isoko ry’ibiribwa rya Musanze barinubira amafaranga y’umunzani bakwa mu gihe bakeneye gupima ngo barebe ko ibyo bahashye byuzuye. Abakunze guhahira muri rino soko mu gihande cyitwa icy’abahinzi bavuga ko iyo umuntu amaze kugura nk’ibirayi bamutegeka kwishyura amafaranga y’umunzani wapimiweho ibyo amaze kugura kandi nyamara ayo mafaranga yagakwiye gutangwa n’umucuruzi kuko ariwe uba wagurishije kandi akaba afite n’inshingano zo gupimira umuguzi ibiro ashaka. Abahahira mu isoko ry’ibiribwa rya Musanze ku gihande cyizwi nk’icy’abahinzi bavuga ko iyo bamaze guhaha no gupimirwa bahita bakwa amafaranga ari hagati ya 50 na 100 hanyuma n’uwagurishije agatanga amafaranga 100 kuburyo basanga bibangamye kuko ntacyo umuguzi yari akwiye kubazwa kuko mu mafaranga atanga habamo n’imisoro. Uwamwiza Claudine umuguzi avuga ko…

+