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…

Barasabwa ingufu hakagaruzwa Miliyari yambuwe ibigo by’imari

Umunyamabanga Nshingwabikorwa w'Intara y'Iburengerazuba, Jabo Paul avuga ko batazihanganira abatishyura amafaranga y'abaturage bagurijwe cyangwa abayiba

Abayobozi mu Ntara y’Iburengerazuba barasabwa ingufu mu kugaruza amafaranga asaga Miliyari yagurijwe abaturage bikaba bigaragara ko byananiranye kuyishyura. Uwizeye Jean Pierre umuyobozi wungirije ushinzwe gahunda mu ishyirahamwe ry’ibigo by’imari iciriritse (AMIR) avuga ko kugira ngo ibigo by’imari bibashe gukora neza ari uko inguzanyo ziba zatanzwe zishyurwa neza, kandi mu kwishyuza hakaba hakanewemo n’uruhare rw’ubuyobozi. Yakomeje agaragaza ko ikibazo cyo kutishyura inguzanyo muri iyi Ntara cyane cyagaragaye mu Karere ka Karongi aho umwaka ushize kari ku kigereranyo cya 50%  mu kugira inguzanyo zitishyurwa neza, mu gihe ku rwego rw’igihugu hose cyari kuri 7%. Umunyamabanga Nshingwabikorwa w’Intara y’Iburengerazuba, Jabo Paul avuga ko badashobora kwihanganira ko amafaranga y’abaturage akomeza kuburirwa irengero, bityo hakaba hagiye gushyirwa ingufu mu gukurikirana…

Umubare w’abizigama wagiye uzamukaho incuro zirenze 20%

Yavuye ku mafaranga bihumbi 50 akaba ageze ku mafaranga asaga miliyoni 5 abikesha kwizigama akagurizwa

Ishyirahamwe ry’ibigo by’imari iciriritse mu Rwanda (AMIR) riratangaza ko mu myaka itanu umubare w’abizigama wagiye uzamukaho incuro zirenze 20% buri mwaka. Babitangaje kuri uyu wa 14 Kamena 2016 mu Karere ka Musanze ubwo batangizaga icyumweru cyahariwe gukangurira Abanyarwanda kwitabira ibikorwa by’ibigo by’imari iciriritse hamwe no kuganira n’abayobozi bibyo bigo kuburyo bagomba kwegereza ibikorwa bakora abanyarwanda. Rwema Peter umuyobozi w’ishyirahamwe ry’ibigo by’imari iciriritse mu Rwanda (AMIR), avuga ko ugereranyije no mu myaka itanu ishize imyumvire y’Abanyarwanda ku bijyanye no kwizigamira ihagaze neza kuko buri mwaka yagiye izamukaho incuro zirenga 20%. Ati “Urebye mu gihe cy’imyaka itanu ishize Abanyarwanda bari, bari mu bigo by’imari iciriritse bari hagati y’ibihumbi 600 na 700, ariko ubu ngubu dufite abarenga 2.700.000,…

Retailers Accuse Wholesalers of Tax Evasion

Fidele Mupagasi, a retailer in Muhanga district explains how taxes are evaded

A misunderstanding between traders in Muhanga district, southern province may point to dubious ways of tax evasion. Last week, hundreds of retailers in Muhanga district volunteered to Rwanda revenue Authority (RRA)  and revealed information on how traders evade taxes. The traders were in a consultative meeting with Richard Tusabe the Commissioner General of Rwanda Revenue Authority. They said, the wholesale traders bring forged invoices while shipping goods from Dubai and other foreign markets, which affects tax collections back home. “It all starts with wholesalers in Kigali; we purchase goods from them and they give us invoices that do not fit what we have paid,” complained Fidele Mupagasi, a retailer from Muhanga district. “When you try…

Umubare w’abizigama wagiye uzamukaho incuro zirenze 20%

Yavuye ku mafaranga bihumbi 50 akaba ageze ku mafaranga asaga miliyoni 5 abikesha kwizigama akagurizwa

Ishyirahamwe ry’ibigo by’imari iciriritse mu Rwanda (AMIR) riratangaza ko mu myaka itanu umubare w’abizigama wagiye uzamukaho incuro zirenze 20% buri mwaka. Babitangaje kuri uyu wa 14 Kamena 2016 mu Karere ka Musanze ubwo batangizaga icyumweru cyahariwe gukangurira Abanyarwanda kwitabira ibikorwa by’ibigo by’imari iciriritse hamwe no kuganira n’abayobozi bibyo bigo kuburyo bagomba kwegereza ibikorwa bakora abanyarwanda. Rwema Peter umuyobozi w’ishyirahamwe ry’ibigo by’imari iciriritse mu Rwanda (AMIR), avuga ko ugereranyije no mu myaka itanu ishize imyumvire y’Abanyarwanda ku bijyanye no kwizigamira ihagaze neza kuko buri mwaka yagiye izamukaho incuro zirenga 20%. Ati “Urebye mu gihe cy’imyaka itanu ishize Abanyarwanda bari, bari mu bigo by’imari iciriritse bari hagati y’ibihumbi 600 na 700, ariko ubu ngubu dufite abarenga 2.700.000,…

Agribusiness Can Transform Africa’s Farming

Exhibitor explains about his products

Agriculture experts suggest that Africa needs to urgently invest in value chain to stimulate its rural farmers to engage in agribusiness. Researchers in Agribusiness gathered at the ongoing Africa Agriculture Science Week at Camp Kigali said farmers need to be financed and trained on enticing agriculture investment. “Access to finance remain limited. But we can come up with innovative financing models, de-risking agribusiness, business modeling that cuts across the value,” said Mary Thiong’o from Africa Agribusiness incubators network. Africa’s population is drastically increasing; with youths (364 million of the population between 15-35 years) are at centre stage, and urgent investment in value chain is needed to help farmers engage into agribusiness. Rwanda is improving its…