I&M Bank Rwanda reported a 72.1 percent increase in net profit for the first half of 2024, attributing the strong performance to its robust business…
The KFJAugust 21, 2024
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Financial News
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The National Bank of Rwanda has further lowered its benchmark interest rate for the second consecutive meeting this year, aiming to continue supporting the economy…
The KFJAugust 21, 2024
The Development Bank of Rwanda has achieved a significant milestone by securing an AAA long-term domestic credit rating with a stable outlook, along with an…
The KFJAugust 16, 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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IMF Approves $181.7 Million for Rwanda as Economy Shows Resilience
The International Monetary Fund approved $181.7 million in funding for Rwanda after concluding its fourth review under the Policy Coordination Instrument (PCI), the Resilience and…
Rwanda’s Q3 GDP Grows 8.1% on Services and Industry Gains
Rwanda's economy expanded by 8.1 percent in the third quarter of 2024, driven by robust performances in services, industry, and agriculture. GDP at current market…
Rwanda Secures $25 Million from ADFD for Water Infrastructure Expansion
Rwanda has signed a $25 million loan agreement with the Abu Dhabi Fund for Development (ADFD) to expand water transmission and distribution systems at the…
