Tanzania emerged as the largest recipient of European Investment Bank funding in Sub-Saharan Africa in 2023, receiving EUR 270 million in 2023, the lender said…
The KFJJuly 3, 2024
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Rwanda’s central bank lowered its benchmark interest rate for the first time in more than a year, becoming the fourth African nation to cut the…
The KFJJune 14, 2024
The Rwanda’s Central Bank targets to launch its Central Bank Digital Currency in 2026 as an alternative for Rwandans as a safer, free, and convenience…
The KFJJune 13, 2024
Innovation Unleashed: Transforming Rwanda’s Financial Landscape
Kigali continues to be recognized among the top 10 international financial centers likely to become more significant in the future. In the recent publication of the Global Financial Centres Index (GFCI 35), a renowned ranking that assesses the competitiveness and attractiveness of financial centers worldwide, Kigali now ranks 67th globally while maintaining its position as the second in sub-Saharan Africa.
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BK Group’s 2024 Profit Jumps 22% as Lending Growth, Cost Cuts Boost Earnings
BK Group Plc, Rwanda’s largest financial services provider, posted a 21.7 percent rise in full-year profit as strong loan book expansion and cost-cutting measures bolstered…
Rwanda to Host 8th Africa Congress of Accountants as Financial Sector Gains Momentum
Rwanda is set to host the 8th edition of the Africa Congress of Accountants (ACOA 2025), underscoring its growing influence as a regional financial hub.…
Development Bank of Rwanda Sees Profitability Surge as Development Financing Expands
The Development Bank of Rwanda reported a sharp increase in profitability for the year ending December 31, 2024, as the lender expanded its lending portfolio…
