The National Bank of Rwanda (BNR) has reported that non-performing loans (NPLs) in Rwandan banks reached Frw 267 billion during the 2023/2024 fiscal year, representing 5% of total loans. Despite this increase, BNR assured that the ratio remains within a manageable range and does not significantly affect the profitability or stability of the banking sector.

Members of Parliament elected recently for a five-year time (2018-2023) will be sworn in tomorrow, Thursday, after which will officially assume their duties on October 5.

President Paul Kagame who is in New York, USA, to attend the United Nations summit, has met France president Emmanuel Macron.

{THE decision by some big multinational supermarket chains in the country to close shop citing ‘bad business’ has been attributed to growing trade competition in big cities and ’indifference’ by the majority of buyers towards making purchases there.} Opinion is, however, divided on the question whether the shopping culture of most Tanzanians in buying from […]

{China has condemned eight to death for attacks in the Xinjiang region. Five others were given suspended death sentences – a penalty normally commuted to life in prison – with another four jailed.} On Monday, the state broadcaster China Central Television reported that a court had sentenced eight people to death for involvement in two […]

{A new IDC study shows Google’s operating system has a stronghold on the smartphone market, but Windows Phone is quickly moving up the ranks.} For the first time ever, Android has hit more than 80 percent market share for smartphone shipments worldwide. The new Worldwide Quarterly Mobile Phone Tracker was released on Tuesday by IDC, […]

A top Indonesian hotelier is exploring prospects of expanding his empire of luxurious hotels to Rwanda, a move that will boost the country's already booming hospitality industry. Adrian Zecha is the co-founder of two multimillion international hotel chains-Aman Resorts and Regent International Hotels. Zecha yesterday met with President Paul Kagame at Village Urugwiro in Kigali […]

Japan has launched the first in a new generation of space rockets, hoping the design will make missions more affordable. The Epsilon rocket is about half the size of Japan's previous generation of space vehicles, and uses artificial intelligence to perform safety checks. Japan's space agency Jaxa says the Epsilon cost $37m (£23m) to develop, […]

Ghana Government is set to receive the euro bond cash of one billion dollars on August 7 2013. It follows a successful bond sale which was over subscribed. “The cash comes in nine days from the deal. The deal was done on the 25 [July, 2013] and per the deal which is Trade day plus […]

Over five million Tanzanians drink too much, posing a threat to their health, family life and productivity, a survey conducted between February and October has indicated. According to deputy minister for Health and Social Welfare Seif Seleman Rashid, the situation is now catastrophic, and the government has been forced to embark on a special programme […]