Kayonza: Nyuma yo guhagarika ubugira gatatu inyubako ya Sacco ya Karambi yarashyize iruzura

Kayonza: Nyuma yo guhagarika ubugira gatatu inyubako ya Sacco ya Karambi yarashyize iruzura

Sacco y’Umurenge wa Murundi ikimara kugaba ishami mu kagari ka Karambi yatangiye gukorera mu nzu y’inkodeshanyo, ariko iyo nzu ngo ikaba itaratangaga icyizere ku mutekano w’amafaranga y’abaturage nk’uko abanyamuryango b’iyo Sacco bakunze kubivuga. Ibyo byatumye bishyira hamwe batangira gukusanya amafaranga yo kubaka inyubako Sacco ya bo yakoreramo, bitewe n’uko bari baramaze kwemererwa ikibanza n’ubuyobozi bw’akarere ka Kayonza. Gusa nyuma y’igihe gito batangiye kubaka ubuyobozi bw’umurenge wa Murundi bwarabahagaritse bubasaba kubanza gushaka icyangombwa cy’ubwo butaka ariko bo bakomeza kubaka kuko bemezaga ko babuhawe bakanahabwa icyangombwa cyo kubwubakaho. Tariki 11/11/2014 Ubuyobozi bw’akarere ka Kayonza na bwo bwongeye kubahagarika ubugira kabiri, maze umuyobozi w’ako karere wungirije wungirije ushinzwe ubukungu n’iterambere ry’imari, Sikubwabo Benoît, ababwira ko bazongera kubaka ari…

Rwanda currency to weaken on dollar demand

Central bank Governor: John Rwangombwa

The national bank of Rwanda (BNR) expects the local currency to weaken by five percent this year but said there was little cause for concern, and warned that the bank would crack down on speculative trade by forex bureaus. John Rwangombwa, the governor central bank noted that the franc, which has lost about 4 percent to the dollar since January, has lost ground due to the global dollar strength and a high import bill. The franc has fared better than regional currencies – the Ugandan shilling has lost about 23 percent against the dollar this year, while Kenyan shilling has weakened about 12 percent. “We expect the depreciation to be around 5 percent. There is…

BPR shareholders to lose stake

BPR shareholders to lose stake

Thousands of Shareholders in Banque Populaire du Rwanda (BPR) are to lose their shares in the Bank if they don’t register by this month’s deadline of July 18. Ephraim Turahirwa, the BPR chief executive officer said there are 590,292 shareholders as per the lender’s articles of association, “most of whom have ‘unknowingly’ owned shares in the bank”. The bank started as co-operatives in 1975, and transformed to a commercial bank in 2008. “Some of the shareholders died during the 1994 Genocide against the Tutsi, others due to natural causes. Therefore, there is a large number of people out there with shares in BPR, but are not aware of this fact,” Turahirwa stated. He said many…

Rubavu:  amabanki aratungwa agatoki mu kutorohereza abayagana

Abakorana n’amabanki mu karere ka Rubavu banenga imikoranire

Bamwe mu bagana amabanki mu karere ka Rubavu bavuga ko atabafasha kubona inguzanyo mu gihe cyihuse bigatuma bidindiza imishinga yabo. Mu nama yahuje abanyamabanki, abikorera n’ubuyobozi bw’akarere ka Rubavu tariki ya 17/6/2015, bamwe mubikorera bagaragaje ikibazo cyo gutinza guhabwa inguzanyo bamwe bavuga ko niyo barangije guhabwa inguzanyo badahabwa ibyangombwa baba batanze kugira ngo bahabwe inguzanyo. Bazimaziki Pierre Damien umuyobozi mu rwego rw’abikorera PSF mu karere ka Rubavu, avuga ko hari ibibazo abikorera mu karere ka Rubavu bahura nabyo bijyanye no gutinzwa guhabwa inguzanyo, kuba inyungu bakwa ku nguzanyo baka iri hejuru. Bazimaziki, avuga ko Banki ya Kigali umwaka wa 2014 yatangaje ko yungutse amafaranga agera kuri miriyari y’amafaranga y’u Rwanda, nyamara abayigana bavuga ko bakwa…

Eco bank group records U$ 5.82 million in profits

Eco bank group records U$ 5.82 million in profits

The Eco Bank group has recorded a profit worth U$ 5.82 million for the year 2014, an outlook that   shows a resurgent bank that is able to bolster access to finance across borders on the continent. By the end of December 2014, the pan African bank group that also operates in Rwanda registered US$24.2 billion in total assets and US$2.7 billion in total equity. Accordingly, of the total profit U$ 0.87 million was transferred to special reserves while U$ 4.85 million to retained earnings. “Our accounts for FY 2014 have shown a resurgent Ecobank, which enjoys the confidence of all its stakeholders. We can expect similar positive performance for 2015,” said Emmanuel Ikazoboh, Ecobank Group…

Master card enters Rwandan market

Master card enters Rwandan market

Cogebanque has become the first bank in the country to issue the internationally acclaimed master card in a move seen as part of the Bank’s efforts to expand its clientele base and products variety. Four new master cards were set to be issued by the bank as of yesterday and thus will enable tourists and foreign investors to go cashless a move promoted by the economy. Speaking at the launch of the cards at the company headquarters, Flory Rukokora, the head of electronic banking at Cogebanque noted that the company aims to give consumers variety regarding their choices. “With the launch of these four cards our target aims to give consumers in the country more…

Eco Bank Group gets new CEO

Ade Ayeyemi will be new CEO to Eco Bank Group

The Eco bank Group, A pan African bank has received a new Chief Executive Officer-CEO, statement from the Bank that operates in36 countries including Rwanda has   stated. Ade Ayeyemi, 52 who   has been Chief Executive Officer of Citigroup’s sub-Saharan Africa division based in Johannesburg, South Africa will replace Albert Essien who has been with the bank   for the last 25 years. Ayeyemi comes with a vast expertise  in banking  mainly  Pan  African banking  perspective  that is seen to help  Econ  Bankto  harness its  portfolio  within the continent. “We are delighted to have secured Ade as the person to lead Ecobank through the next phase of its development and beyond as a world-class pan-African bank,” said…

Cogebanque supports to raise funds for the needy

Cogebanque supports to raise funds for the needy

One of the country’s commercial banks ‘Cogebanque’ has   extended its support towards an initiative aimed at raising funds to support the needy in the country. Moustafa OUEZEKHTI, Managing  Director  of   Cogebanque  says that  the support will help  in stirring  up the   spirit of  Rwandans  supporting their fellow  Rwandans as part of  boosting  home grown  solutions. The drive  dubbed International   food Fair  in its tenth year  is organized  by   Africa International  club  and is  composed  of  diplomats  and  envoys working  in the country. “it’s us  Rwandans   who are supposed to raise  funds to support the needy  first  before we   look for  foreign  donations,”   he said  during the   food  fair fundraising  drive at  the  Dutch  residence in …

Banks extend loans to farmers through warehouse receipt

Banks   have started   extending credit to farmers through the warehouse receipt system, thanks to the partnership   between   East African commodity Exchange-EAX and commercial Banks. Ecobank   and Urwego Opportunity  Bank which  are among the four  banks that  penned  the  agreement  last year  have already   extended  funds  up to 70 percent  to   maize  cooperatives whose   produce is  under the  exchange’s  warehouse. These banks have agreed to provide financing to EAX members because of its unique warehousing model,” said Alfa Kadri, the commodity Exchange’s chief executive Officer. He   adds, “This model offers a guarantee of both quality and quantity of deposits through its globally recognized and respected Collateral Manager.” The arrangement is aimed helping farmers to access credit…

Gatete named Africa Finance Minister of the year

Rwanda Minister for Finance Claver Gatete

Rwanda’s Minister for Finance and Economic Planning Claver Gatete has been recognized as the Finance Minister of the year at the African Bankers’ Awards 2015. The 9th edition of the Awards took Place in Abidjan, Ivory Coast on the sidelines of the ongoing African Development Bank Annual Meetings.The Finance Minister of the Year award goes to the African Finance Minister who has carried out prudent macroeconomic policies and, through reforms of his actions, has shown skills and dexterity to create the conditions of an appealing investment climate. In his acceptance speech Minister Claver Gatete said:   “I am really humbled that the committee decided to award this trophy to me this year. I consider this…