Kigali — In a move to improve the effectiveness of Microfinance Institutions (MFIs), 50 industry practitioners are set to receive training in MFI management. Ten will become certified trainers. The programme dubbed “Making Microfinance Work; Managing for Improved Performance” is designed under International Training Centre of International Labour Organisation for 24 modules. The courses...
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IN RUKINAD village’s telephone repair store, an hour south of Kigali, Juvenal Kamana is pedalling himself an income. Coining 20,000-25,000RFR (€26-€32.50) in profit every month, he’s no Rumpelstiltskin. But added to the money he makes fixing mobile phones, he is a veritable industrialist in an area best known for subsistence farming and sorghum. “I’ve...
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The Association of Microfinance Institutions in Rwanda (AMIR) and the Savings Banks Foundation for International Cooperation of German are partnering to boost savings. The three year savings mobilization campaign that will kick off in 2011, seeks to rise the level of financial education skills that has been observed among all segments of Rwandan population...
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Uganda Investment Authority (UIA) in the last fiscal year licenced several projects from Kenya, Tanzania, Rwanda and Burundi worth $743m.
Uganda’s State Minister for Microfinance Ruth Nankabirwa said that cross-border investments between the East African partner states rank highly in the UIA annual report with Kenyans in third position with planned investments worth $682m....
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The vast majority of businesses in Rwanda— like elsewhere in Africa— are informal. Government expects that a drive to register an estimated 900,000 informal enterprises will both strengthen these businesses and improve tax revenues. Thirty-two-year old Françoise Muhorakeye is an early example of success. Muhorakeye previously worked alone, selling fruit and vegetables at Kamuhanda...
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MFTransparency today announced a partnership with The MasterCard Foundation to promote fair and transparent pricing in the microfinance industry in eight countries in Sub-Saharan Africa. The effort, known as the enabling APR & EIR Program, will launch in June. The enabling APR & EIR Program is short for enabling Africa to Price Responsibly &...
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The National Bank of Rwanda (BNR) has succeeded in implementing key credit information reforms and systems that will ease access to credit and boost the country’s ranking in the 2011 World Bank’s Doing Business Report. The Central Bank says it has put in place a comprehensive legal framework that regulates the establishment and operation...
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In a year of fast-paced reform, East African economies continue to improve their performance, finds a new report by IFC and the World Bank.
Doing Business in the East African Community 2010 takes a detailed look at business regulations in Burundi, Kenya, Rwanda, Tanzania, and Uganda. It draws on data of the annual global...
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Microfinance is booming. Certainly in Rwanda. And the Netherlands is contributing to this ‘success story’. Via both the front and the back door.
“Very, very many microfinance organisations (MFIs) came to Rwanda after the genocide in 1994,” says Aussi Sayinzoga. He is a Rwandan who is researching microfinance in Rwanda and Burundi at Wageningen...
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A member of the Dutch royal family, Princess Maxima, has commended the efforts by the Rwandan government towards increasing access to financial services, especially in rural areas. She mentioned this yesterday during her meeting with Finance Minister, John Rwangombwa, and Central Bank Governor, Francois Kanimba. Princess Maxima, was talking about the government’s initiative to...
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