Commerce, hospitality sector most financed sectors

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The commerce, restaurants and hotels were the most financed sectors in terms of access to credit by private sector from commercial banks in 2014. According to Central bank statistics, out of the total new authorized loans form commercial banks, commerce, restaurants and hotels took 41.6% of the total loans, a proportion that indicates the growth within the services sector. This saw total loans disbursed to private sector increasing by 38.2 percent to Rwf 652.9 billion in 2014 from Rwf 472.5 billion in the same period in 2013. “There is an improvement on the side of Banks on financing businesses mainly in these areas and we will as Central Bank continue to support banks to extend…

Bad loans now threaten microfinance sector

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The rapid growth of savings and credit co-operative societies without matching capacity to manage loans is partly responsible for the increasing bad loans. Latest statists from to national bank of Rwanda registered an increase its bad   loans from 6.8 percent recorded in 2013 to 7 percent by end of December 2014. “The capacity of loan officers to analyze loan applications and also ensure the monitoring after disbursement is still low,” Jessica Massi, a financial consultant said. Moreover, the lack of knowledge on the side of borrowers also contributes yet another threat to reducing bad loans. “We are carrying out a scientific research on the causes of bad loans which is becoming a prime threat to…

Banking sector buoyant as net profit rise by 54 percent

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The banking sector remained   profitable in 2014 recording a net profit increasing by 54.3%, a positive outlook that   provides optimism for a better performance this year. The sector  that  dominates the   financial sector  is looked at to   boost  access to credit  by  private sector to  drive  economic growth needed to  push the  country  to  middle income   by 2020. Central Bank  statistics indicate that  the  sector’s  net profit  after tax for the industry rose to Rwf34.94 billion December 2014    up from   rwf22.64 billion  in the same period in 2013 while its Return on assets  (ROA) and return on equity (ROE) stood at 1.9% and 10.8% respectively. “From stability and robustness perspective, the sector is sound and…

Nnta SACCO izongera kurenza 2% ku nyungu y’ufashe inguzanyo

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Nk’uko byatangarijwe mu nama yahuje amakoperative n’ibigo by’imari mu karere ka Nyabihu kuri uyu wa 17 Gashyantare 2015, nta SACCO n’imwe mu gihugu izongera kwaka uwatse inguzanyo inyungu irenze 2%, ahubwo bitewe na SACCO iyo ariyo ishobora kujya munsi yaho kandi uko uwafashe inguzanyo agenda yishyura inyungu yakwa ikagenda igabanuka. Ni mu gihe bamwe mu baturage mu karere ka Nyabihu bibumbiye mu makoperative badutangarije ko batiyambazaga cyane SACCO bitewe n’uko batinyaga ko bakwakwa inyungu ndende ku nguzanyo bafashe, mu gihe hari ibindi bigo by’imari byabashishikarizaga gukorana nabyo bibisangiye aho bakorera kandi byaka inyungu itari ndende ku nguzanyo nk’uko Musana Paul umwe mu bibumbiye mu makoperative yabidutangarije. Kuri ubu ariko ngo iki kibazo cy’inyungu abaturage bavuga…

Nyabihu: Rural banks urged to priorities loans to farmers

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Angela Mukaminani, the vice mayor for finance and economic development of Nyabihu district has called on rural banks to give priority to farmers in their loan allocations to assist small farmers acquire loans to invest in agriculture. She made the appeal on Feb, 17, in a meeting with farmers and financial institutions that operate in the district. She required banks and related financial institutions to grant more loans to agriculture-related sectors, saying the current credit supply for the countryside remains insufficient and that it is hard for farmers to access bank loans. She indicated that majority of farmers were located in the rural areas where rural banks operated, and as such there was the need…

Ngoma: Amatsinda ya baringa muri VUP atumye bishyuzwa inguzanyo batafashe

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Bamwe mu baturage  batuye akarere ka Ngoma bo mu mirenge ikorerwamo n’umushinga VUP bisanze bishyuzwa amafaranga  batigeze bafata nyuma y’uko hari abantu bafashe nimero z’indangamuntu zabo bakazifashisha bakora amatsinda ya VUP  ya baringa  ngo bahabwe inguzanyo . Abakozi ba VUP mu mirenge ndetse  na bamwe mu abayobozi kuva mu midugudu kugera mu murenge ni bamwe mu batungwa agatoki kugukoresha nabi ayo mafaranga  yatanzwe hagamijwe gufasha abatishoboye  bakora amatsinda bagahabwa inguzanyo ngo bakore imishinga ibafasha kuva mu bukene. Bamwe mu bavuga ko bisanze bishyuzwa amafaranga  batigeze banafata (itsinda rya Baringa) twaganira badutangarije ko  nyuma yo kumenya ko bishyuzwa  bagerageje guperereza bagasanga umuturanyi wabo  bakundaga kwita  Mukotanyi ariwe  wakoze itsinda rya baringa akabashyiraho ngo nabo barimo batabizi…

Nyabihu: Inzego z’ibigo by’imari n’amakoperative zirasabwa ubufatanye

Amakoperative arahamagarirwa gukorana n’ibigo by’imari kandi izi mpande zombi zikarangwa n’ubufatanye mu rwego rw’iterambere.

  Ibi bikaba byagarutsweho na Mukaminani Angela,umuyobozi w’akarere ka Nyabihu wungirije ushinzwe iterambere ry’ubukungu n’imari,mu nama ya “Access to finance” yahuje ibigo by’imari n’amakoperative,kuri uyu wa 17 Gashyantare 2015 mu karere ka Nyabihu. Bamwe mu bibumbiye mu makoperative y’ubuhinzi n’ubworozi,ari nayo akunze kuboneka mu karere ka Nyabihu,usanga bavuga ko usanga bigorana ko amwe mu mabanki yakorana nabo akabaha inguzanyo z’ubuhinzi. Musana Paul,umwe mu bayobozi b’imwe mu makoperative akorera mu karere ka Nyabihu,avuga ko iyo amakoperative y’ubuhinzi akoranye neza n’ibigo by’imari kandi nabyo bikayorohereza mu mikoranire,bikayaha inguzanyo ku gihe usanga bagera ku iterambere rirambye. Aboneraho gushimira ibigo by’imari bigira uruhare rufatika mu gukorana n’amakoperative y’abahinzi harimo Banki ya Kigali avuga ko ashima cyane bitewe n’uruhare yagize…

Borrowers contributing to high interest rates – Experts

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The banking sector has been pinned by the public for its high rates that make it difficult for eligible borrowers to access credit thus crippling the increase of flow of credit to the private sector. According to John Rwangombwa, Governor of the National Bank of Rwanda says that most borrowers cannot bargain for lower rates when they approach banks for a credit something that   contributed to laxity   by banks to bring down the rates. “The culture of borrowers not bargaining with banks have contributed to inefficiencies observed in the banking sector as indicated by high interest rate spread,” Rwangombwa said Moreover, other   borrowers are not aware of the conditions attached to the loans they  are…

Rwanda’s trade Deficit continues to widen

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  The country’s  trade deficit  continued to worsen  in  2014  widening by  7.5 percent, despite a  positive outlook  the economy  registered in the  same  period under review, the Central Bank   has  indicated. The bank  through  its monetary policy and financial stability  statement  for February  2015, showed  the deficit expanding   to USD 1,799.54 million by end of December    last year up from 1,674.38 million 2013 driven by   increased import receipts. Accordingly, formal imports value increased to USD 2,399.3 million representing   6.8% while  volumes   increased by  3.7%, mainly driven by   consumer goods (+4.9%), while  energy and lubricants (+3.4%),   capital goods increased  by 3.0%, while  intermediary goods recorded (+2.9%). The  Central bank says that the  rise in import…

« L’aide internationale est plus politique…, le marché des capitaux est indépendant » – Kagame

« L’aide internationale est plus politique…, le marché des capitaux est indépendant » - Kagame

Lors de la réunion qui s’est tenue à Kigali du 12 au 13/02/2015, ayant comme objectif d’analyser « l’évolution des marchés des capitaux en Afrique de l’Est », le Rwanda se veut comme pays qui mise plus sur le marché des capitaux que sur l’aide internationale. Différentes hautes autorités du Rwanda, des investisseurs ainsi que des experts nationaux et internationaux ont participé à cette réunion. Lors de l’ouverture officielle de cette réunion, et comme il s’agissait de déterminer si le marché des capitaux est le mieux approprié pour résoudre les problèmes de pauvreté par rapport à l’aide internationale, les leaders rwandais dont le Président Paul Kagame ont montré à ces participants  dignitaires internationaux en visite au Rwanda,…