Category: BUSINESS

Agriculture, Youth and Private Sector in Rwanda

Senate Pushes for Strategic Budget Shift to Boost Agriculture, Youth and Private Sector

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Rwanda’s 2025/26 national budget is undergoing key shifts in funding priorities, following Senate recommendations that emphasize agriculture, private sector development, and youth employment as central to accelerating the country’s socio-economic transformation. On June 16, 2025, the Senate adopted a series of budget recommendations that were reflected in the revised budget bill presented by the Ministry […]

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The Rwf10M fine for Unauthorized Use of Foreign Currency in Rwanda

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The National Bank of Rwanda (BNR) has introduced tougher penalties for unauthorized pricing and transactions in foreign currency, in a bid to reinforce the use of the Rwandan franc in domestic transactions. According to Regulation No 89/2025, published in the official gazette on May 30, 2025, individuals or businesses found pricing goods or services in […]

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Bralirwa Announces Price Increase on Popular Beers Citing Rising Production Costs

Bralirwa Announces Price Increase on Popular Beers Citing Rising Production Costs

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Rwanda’s leading beverage manufacturer, Bralirwa Plc, has announced a new price adjustment for a selection of its alcoholic products, citing increasing input and operational costs. The changes, which took effect on June 1, 2025, apply to several of its most consumed beer brands, including Primus, Mutzig, Turbo King, Heineken, Amstel, Desperados, and Legend. In an […]

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Inside $279M Kigali Urban Transport Improvement Project: All You Need to Know

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Kigali, one of Africa’s fastest-growing cities, is on the cusp of a major urban mobility transformation. At the centre of this change is the Kigali Urban Transport Improvement (KUTI) Project—an ambitious, multimillion-dollar initiative designed to streamline the city’s transport network, reduce congestion, and boost public transport accessibility. Backed by a $100 million loan from the […]

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Buying a Hybrid Vehicle in Rwanda? Here’s What the New Tax Reforms Mean for You

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As Rwanda continues pushing toward a greener economy, hybrid vehicles have long benefited from a favourable tax regime—import duty, VAT, and excise duty exemptions. However, under the new tax reforms effective fiscal year 2025/2026, this incentive structure is changing, particularly for those considering purchasing older hybrid models. What’s changing? According to the latest tax reform […]

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Rwanda’s 2025 Tax Overhaul: What Local and Global Investors Need to Know

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Kigali, Rwanda – May 30, 2025: Rwanda has taken a bold step in reshaping its fiscal landscape with a sweeping package of new tax laws published in the Official Gazette on May 29. Spearheaded by the Ministry of Finance and Economic Planning (MINECOFIN) in collaboration with the Rwanda Revenue Authority (RRA), this reform package signals […]

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CMA Partners with CISI to Build a More Professional and Trusted Capital Market

CMA Partners with CISI to Build a More Professional and Trusted Capital Market

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The Capital Market Authority of Rwanda (CMA) and the Chartered Institute for Securities & Investment (CISI) have renewed their strategic partnership to elevate the standards and professionalism of Rwanda’s capital markets. The collaboration was formalized through a newly signed Memorandum of Understanding (MoU) at CISI’s headquarters in London. This milestone agreement was inked during a […]

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Photos: Kagame Inaugurates Rwf22Bn Radiant Insurance Building

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Rwanda’s President Paul Kagame on Thursday inaugurated the new Radiant Insurance Company – a Rwf22 billion new building that will host the insurance company’s headquarters and offices of banks and other institutions. Established in 2012, Radiant Insurance Company offers a complete range of insurance services. The company’s new building is located in the Central Business […]

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Rwanda, Belgium Sign EUR 95M Deal

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Rwanda and Belgium on Tuesday signed a new bilateral cooperation agreement that will operate until 2029. The signing, which took place at the Ministry of Finance and Economic Planning in the capital Kigali, was done by Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning, and the Kingdom of Belgium, represented by Heidy Rombouts, […]

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UK-Based Energy Giant BBOXX shifts HQ from London to Kigali, Commits $100M Investment

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Kigali, 30 January 2024 – Bboxx, the data-driven super platform, transforming lives and unlocking potential by connecting consumers and deploying innovative products across Africa, has reinforced its dedication to the continent with a strategic move of its Headquarters from London to Kigali, reaffirming its commitment as an Africa-first company. This decision, announced yesterday at the […]

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