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
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Financial News
BANKING
The country’s largest Financial Institution, BK Group plc has registered a 33.6 percent increase in net income for the first quarter of 2024 to Rwf23.9…
The KFJJune 13, 2024
I&M Bank Rwanda first quarter net income surged by 120 percent reaching Rwf4.8 billion, year on year, according to data published by the lender. According…
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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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…
