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  …

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…

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…

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,…

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…

Kayonza: Sacco ngo yabereye abaturage ikiraro kibambutsa ubukene

Sacco ngo yabereye abaturage ikiraro kibambutsa ubukene

Abaturage bakorana na Sacco mu murenge wa Nyamirama mu karere ka Kayonza bavuga ko Sacco yababereye nk’ikiraro kibambutsa ubukene kibaganisha ku iterambere, kuko kuva batangiye gukorana na yo bagiye batera imbere ku buryo bugaragara. Mu bihe byashize gukorana na banki n’ibigo by’imari byafatwaga nk’iby’abafite amikoro ahambaye kandi bize, bigatuma abaturage baciriritse batabasha kwizigama muri duke babona. Iyi myumvire yagiye ihinduka nyuma y’aho leta y’u Rwanda itangiriye gahunda yo kwegereza abaturage ibigo by’imari iciriritse. Kugeza ubu buri Munyarwanda ngo ashobora kugana ikigo cy’imari atazitiwe n’amikoro ye. Abagiye bakorana na Sacco bavuga ko yabavanye mu bukene, nk’uko byemezwa na Gatare Samuel wo mu murenge wa Nyamirama mu karere ka Kayonza. Aavuga ko atarakorana na Sacco yari umukene…

Government to issue a ten year Treasury bond 

Government to issue a ten year Treasury bond

The government is set to issue a ten year Treasury bond worth Rwf10 billion, National of Bank of Rwanda has announced in a statement. The statement signed  by the  Bank’s Governor, John  Rwangombwa, the  bond  is  meant  to finance  infrastructure  projects  and   development of capital   markets. The   national Bank of Rwanda behalf of Government of Rwanda invites bids for 10 year fixed coupon treasury   bond,” the Governor said in a statement. The bond FXD 2/2015/10 years to be issued on 27 May, 2015 will be hosted on Rwanda Stock Exchange. While, Central  Bank  says  the  secondary  trading  in multiples  of Rwf100,000 will  commence on Tuesday  02/06/2015 on  Rwanda Stock exchange. The  statement  also  notes that …

Ngoma: Urubyiruko ruracyafite ubwoba bwo gufata inguzanyo mu mishinga ibateza imbere

Ngoma: Urubyiruko ruracyafite ubwoba bwo gufata inguzanyo mu mishinga ibateza imbere

Mu gihe urubyiruko rwashyiriweho gahunda zibafasha kubona inguzanyo ngo biteze imbere zirimo n’izibafasha kubona ingwate mu mabanki, bamwe mu rubyiruko bo mu karere ka ngoma baravuga ko bagifite ikibazo cyo kwitinya mu gufata izi nguzanyo. Ubwo bari bitabiriye kongere y’urubyiruko mu karere ka Ngoma kuri uyu wa 30/04/2015, mu rubyiruko ruhagarariye urundi mu mirenge rugera kuri 50 habonetse umwe wavuze ko yihangiye umushinga nubwo yagaragaje imbogamizi zo kutabona igishoro yahuye nayo. Bamwe mu rubyiruko twaganiriye biyemerera ko hakiri ubwoba mu kwihangira umurimo bakoresheje amafaranga ya banki. Byukusenge Placide,uhagarariye urubyiruko rwo mu murenge wa Mugesera avuga ko hakiri imbogamizi ikomeye yo kwitinya batinya ko bagira ibihombo bagateza cyamunara ibyabo babuze ayo kwishyura. Yagize ati”Mbona hagakwiye amahugurwa…

Foreign aid dependence could affect economic growth

Foreign aid dependence could affect economic growth

Emerging uncertainties in the global economy are gradually taking a toll on Rwanda, with the latest growth outlook being pegged at 6.5 percent for 2015 and 2016, down from 7 percent last year. This is a result of its heavy dependence on aid, which fluctuates in times of uncertainties, and tax receipts, which stood at 9.8 billion francs ($14.2 million) in 2014. This is short of the 416.1 ($604 million) billion forecast. “The donor aid is unpredictable and it’s very small. It’s shrinking every day,” said Claver Gatete,the minister for finance and economic planning. Foreign aid accounts for almost 20 percent of the Rwandan budget with, foreign loans also constituting 13 percent, meaning 33 percent…

Rusizi: Abayobozi b’ibigo by’imari biciriritse barasabwa gucunga imari ya rubanda neza

Rusizi: Abayobozi b’ibigo by’imari biciriritse barasabwa gucunga imari ya rubanda neza

Abayobozi b’ibigo by’imari biciriritse bo mu turere twa Rusizi na Nyamasheke barasabwa gucunga neza imari abaturage baba bababikije hagamijwe kugirango bajye bahora babagirira icyizere  ndetse n’abagifite umuco wo kubika amafaranga mu ngo babashe kuyoboka ibyo bigo kugirango nabo babashe kwizigamira biteza imbere. Ibi babikanguriwe ku wa 28/04/2015, mu cyumweru cyahariwe ibigo by’imari iciriritse cyatangiye tariki 27 Mata kikazasoza tariki ya 5 Gicurasi 2015, kizakorwa mu gihugu hose. Abayobozi b’ibigo by’imari iciriritse na SACCO byo mu turere twa Rusizi na Nyamasheke bibukijwe ko nubwo hari byinshi bibareba mu kazi kabo ka buri munsi birimo gukangurira abaturage kugana ibigo by’imari ariko icy’ibanze ari ugucunga neza imari abaturage baba bababikije kuko ibi aribyo bituma babagirira icyizere biryo bakarushaho…