technology

money

research & analysis

sports

Ubwo umwaka w'ingengo y’imari wa 2019/2020 warangiraga hanatangira undi wa 2020/21, hakozwe ubushakashatsi bugamije kumenya aho agaciro-faranga k'ishilingi rya Uganda kageze ugereranyije n'idolari ry’Amerika, dore ko ari na ryo fatizo mu ruhando mpuzamahanga ry’ivunjisha.
Mu gice cy'umwaka w’ingengo y'imari wa 2020/2021, Minisitiri w'imari, igenamigambi n'iterambere ry'ubukungu muri Uganda yatangaje ko agaciro k'ishilingi kazamutse ku rwego rushimishije; aho ryiyongereyeho 1.2%. Ni ukuvuga ko mu ivunjisha, idolari rimwe ryari rigeze ku mashilingi ya Uganda 3,696. Aya mashilingi ni yo macye ugereranyije no mu mwaka wabanje kuko mu gice cyawo cya mbere; ni ukuvuga mu mezi atandatu ya mbere, idolari rimwe ryavunjaga amashilingi 3,741, bigahamya ko agaciro kayo kazamutse.
Aganira n'ikinyamakuru Dailly Monitor cyandikirwa muri Uganda, Minisitiri Matia yatangaje ko izamuka mu gaciro k’ishilingi rya Uganda byagizwemo uruhare n'abashoramari baturutse hanze, ubwiyongere bw'umusaruro w'ibijya hanze ndetse n'imikorere myiza y'imiryango itegamiye kuri Leta NGOs.
Ku bijyanye n'ubwizigame mpuzamahanga (international Reserves), Minisitiri w'imari, igenamigambi n'iterambere ry’ubukungu, Hon. Matia yavuze ko ukwezi kw'Ukuboza 2020, Uganda yari ifite mu bubiko amashilingi miliyali 3.848 zaturutse ku musaruro w’imbere mu gihugu na serivisi.
Muri Afurika y'iburasirazuba ishilingi rya Kenya ni ryo riza ku isonga mu gaciro-faranga kuko mu kwezi kwa mbere kwa 2021 ryari 103.8Ksh4 ku idolari rimwe ry’Amerika. Ifaranga ry’u Rwanda ni irya kabiri aho 973.8Rwf avunjwa idolari ry’Amerika rimwe. Ifaranga rya Burundi ni irya gatatu n’agaciro ka 1983.6 ku idolari.
Ishilingi rya Tanzaniya riza ku mwanya wa kane ku gaciro ka 2298.4Tsh ku idolari n'ubwo mu mpera z'ukwa mbere ryagabanutseho 0,01%, maze rigera ku mashilingi ya Tanzaniya 2,297.99 ku idolari ry’Amerika rimwe. Ishilingi rya Uganda ni irya gatanu nubwo muri uyu mwaka ari ryo ryabashije kuzamuka mu gaciro.
Ni mu gihe Ishilingi rya Kenya (Ksh) n'ifaranga ry'u Rwanda (Rwf) yagabanutseho 1.4% ku ishilingi rya Kenya na 1.7% ku ifaranga ry’u Rwanda. Ni ukuvuga ko amashilingi ya Kenya 109.9 yari agaciro k’idolari rimwe ry’Amerika, mu gihe amafaranga y'u Rwanda 973.8 yavunjwaga idolari ry’Amerika rimwe mu ntangiriro z'umwaka wa 2021.

Uganda: Ishilingi rya Uganda ryiyongereyeho agaciro kangana na 1.2% mu mwaka 2019/2020.

At the end of the 2019-2020 and the beginning of the 2020-2021 fiscal year, research was conducted in a bid to determine the value of a Ugandan shilling in line with a US Dollar, which is a referral currency. The Ugandan Minister of Finance, Planning and Economic Development has declared the Ugandan shilling value has increased by 1.2%, meaning a single US Dollar is valued 3,696 shillings. This is a higher value, compared to the value of 3,714 Shillings in exchange of a single US Dollar within the first half of the previous fiscal year.
Talking to the Daily Monitor, Minister Matia has said that the increase in the value of a Ugandan Shilling was due to foreign investors, the increase in exports and the contribution of Non-Governmental Organizations working in Uganda. On the International reserves side, Minister Matia said that by December 2020, Uganda’s stock value was worth 3.848 billion shillings from the internal productions and services.
The Kenyan Shilling &nbsp;is the most valued in the East African community, being valued at 103.84 &nbsp;and &nbsp;Rwandan Francs is the second being valued at 973.8Rwf for a Dollar in the beginning of the year 2021.
A Burundian francs is the third, valued 1983.6 for a Dollar, while Tanzanian Shilling is the fourth being valued at 2298.4Tsh for a US Dollar, even if its value decreased by 0.01% in January, dropping to 2,297.99 in exchange for a single US Dollar, and &nbsp;the Ugandan Shilling comes at 5th, though it has increased in value.
Kenyan shillings and Rwandan francs have dropped by 1.4% and 1.7% respectively.

Uganda:Ugandan shilling increases by 1.2% in value within the 2019/2020 fiscal year

Mu mwaka wa 2020 gusa , <a href="https://african.business/2020/05/economy/africas-top-250-companies-in-2020-by-region/">Safaricom yavuye ku mwanya wa 14 yari iriho mu mwaka wabanje iza ku wa 10 muri Afurika</a>, ikaba yarinjije Miliyari 74,7 z'Amashilingi ya Kenya. Ni &nbsp;ukuvuga ko yiyongereyeho 19.5% ugereranyije n'umwaka wabanje.
Safaricom ya &nbsp;10 muri &nbsp;Afurika, ku isoko ifite igishoro kingana na Miliyari 10 z' Amadolari ya Amerika. Sosiyete y'itumanaho ubusanzwe byahanganaga muri Afurika yitwa Paga ikorera muri Nigeria yo ntiyabashije kwinjiza menshi, kuko yari ishishikajwe no gukuraho ikiguzi cyo kohereza no kubikuza amafaranga bitewe n’uko yashakaga kongera kwigarurira abakiriya ibakuriraho igiciro cyo kohereza ku mafaranga macye, muri gahunda yo guca gutwara amafaranga mu ntoki. Tom Minney ubwo yakoraga ubusesenguzi ku rutonde rugaragaraho ibigo 250 by'ubucuruzi, yavuze ko Sosiyete ya Paga izagarukana imbaraga zikomeye kuko igikorwa yakoze kizayigarurira abakiriya benshi.
Uruganda rwenga ibinyobwa bisembuye n'ibidasembuye muri Tanzaniya (Tanzania Breweries) rwaje ku mwanya wa 75 muri Afurika ndetse n’uwa 2 muri Afurika y'Uburasirazuba kuko rwinjije Miliyoni zirengaho gato 54 z'Amadolari y’Amerika, mu gihe &nbsp;Equity Group Holdings ikorera mu karere k'ibiyaga bigari iri ku mwanya wa gatatu ikaba ifite igishoro ku isoko kingana na miliyali 1 na miliyoni 168 z'amadolari y’Amerika. Ayo yinjije mu mwaka wa 2020 angana na miliyoni &nbsp;211 z' amadolari y’Amerika.
Hashingiwe kandi ku makuru atangazwa n'ikinyamakuru "Khusoko" gikorera muri Kenya gisesengura ibikorwa by'ishoramari muri Afurika y' Uburasirazuba, kigaragaza ko uruganda rwenga ibinyobwa bisembuye n'ibidasembuye rukorera muri Kenya (East Africa Breweries) &nbsp;ruza ku mwanya wa 4 muri Afurika y'uburasirazuba aho rwinjije Miliyoni 84 Million z'Amadolari y’Amerika ndetse rukaba rufite igishoro ku isoko cya miliyari imwe na miliyoni 82 z’amadolari y’Amerika.
Banki y'ubucurizi ya Kenya KCB (Kenya Commercial Bank) iza ku mwanya wa 5 aho ku isoko ihafite igishoro kingana na miliyoni 999 z'amadolari y’Amerika. Iyi banki mu mwaka wa 2020 yinjije miliyoni 238 z'amadolari y’Amerika.
Imyanya itanu y'inyuma mu bigo 10 bya mbere irimo sosiyete y'itumanaho ikorera muri Tanzaniya Vodacom iri ku mwanya wa &nbsp;6 muri Afurika y'uburazirazuba ndetse n’umwanya wa 98 muri Afurika, aho ku isoko ihafite igishoro cya miliyoni 827 z' amadolari y’Amerika, ikaba yarinjije miliyoni 39 z'amadolari y’Amerika. Ku mwanya wa 7 hari uruganda rukora itabi (Tanzania Cigarette) rwinjije miliyoni 20 z'amadolari y’Amerika ndetse rukaba rufite igishoro cya miliyoni 738 z'amadolari y’Amerika.
Ishyirahamwe rya banki muri Kenya (Co-operative Bank of Kenya) riri ku mwanya wa &nbsp;8 rikaba rifite igishoro cya miliyoni 690 z’amadolari y’Amerika, mu gihe Standard Chartered Bank ikorera mu bihugu bifite amasoko akomeye ku Isi iri ku mwanya wa &nbsp;9 n'igishoro cya miliyoni 592 z' amadolari y’Amerika. Umwanya wa 10 uriho NMB Bank ifite igishoro cya miliyoni 508 z'amadolari y’Amerika.
U Rwanda nta kigo cy'ubucuruzi rufite kigaragara mu bigo makumyabiri &nbsp;bya mbere byinjiza amafaranga muri Afurika y'iburasirazuba, mu gihe umuturanyi warwo Uganda afitemo ibigo 2 aribyo &nbsp;British American Tobacco ( Uruganda rukora itabi) ruri ku mwanya wa &nbsp;12 n'igishoro kingana na miliyoni 387 z'amadolari y’Amerika, rukaba rwarinjije miliyoni 4. Muri Uganda kandi &nbsp;Stanbic yicaye ku mwanya wa 14 n'igishoro kingana na miliyoni 323 z'amadolari y’Amerika.
Ukurikije uru rutonde, bigaragara ko ibigo by'imari ari byo byiganjemo by'umwihariko ibikorera mu gihugu cya Kenya, ibigaragaza ko iki gihugu gifite ubukungu buhanitse ugeraranyije n'ibindi bihugu byo muri Afurika y'iburasirazuba.
Aya makuru yasesenguwe hifashishijwe inkuru ya David Indeje, umwanditsi akaba na &nbsp;Editor w'ikinyamakuru khusoko

Ibigo by'ubucuruzi muri Afurika y'iburasirazuba byinjije amafaranga menshi muri 2020, Safaricom iracyari ku isonga.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Wazo plus Designer)
Banki ya Kigali iragufasha kugira aho wita iwawe
Kuva mu gihembwe cya gatatu cy'umwaka wa 2020, Banki ya Kigali ku bufatanye na Banki y'u Rwanda Itsura Amajyambere BRD, yashyizeho gahunda y'inguzanyo y'inzu hagamijwe korohereza abakiriya bayo bashaka gutura mu mujyi.
<a href="https://twitter.com/BankofKigali/status/1401192846405873674?s=20">Banki ya Kigali</a> igaragaza ko inzu zitangwamo inguzanyo zifite agaciro ka:
<ul>
 <li>Miliyoni 35 z'Amafaranga y'u Rwanda.</li>
 <li>Yishyurwa mu gihe cy'imyaka 20 hiyongeyeho inyungu ya 11% ku mwaka.</li>
</ul>
Izi nzu Banki ya Kigali itangamo inguzanyo zubatse mu bice 3 byo mu mujyi wa Kigali biri guturamo abantu cyane muri gahunda yo kwagura umujyi. Hari inzu zubatswe na:
<ul>
 <li>NextGen Developers Ltd ziherereye mu karere ka Gasabo umurenge wa Bumbogo akagari ka Nyabikenke mu mudugudu wa Karama.</li>
 <li>Hari amacumbi yubatswe na Semugaza Alphonse aherereye mu karere ka Kicukiro mu murenge wa Kagarama.</li>
 <li>Sosiyete yubaka ikanagurisha inzu zo guturamo, Riverside City Estate. ziherereye mu karere ka Kicukiro mu murenge wa Gahanga akagari ka Kagasa.</li>
</ul>
Iyi nguzanyo BK iyitanga hagamijwe ko n'abakorera ndetse bakinjiza amafaranga aringaniye &nbsp;bifuza gutura mu mujyi wa Kigali bajya babona inzu zibakwiriye kandi zijyanye n'igishushanyo mbonera cy'umujyi wa Kigali.
Wazoplus iganira na NTABWOBA Bonaventure uhagarariye ishami ry'ubucuruzi muri Banki ya Kigali yabisobanuye agira ati:"Umusanzu wacu nka Banki ya Kigali ni ugufasha buri mukiriya wacu winjiza amafaranga aringaniye kuba yabona inzu yo guturamo igezweho kandi ijyanye n'igishushanyo mbonera cy'umujyi".
Dore iby' ingenzi bisabwa kugira ngo uhabwe iyi nguzanyo y'inzu:
<ul>
 <li>Kuba uri Umunyarwanda</li>
 <li>Kuba waranditse ibaruwa isaba inguzanyo</li>
 <li>Kwerekana inyandiko z'irangamimerere zimaze amezi atarenga atatu.</li>
 <li>Kuba ufite amasezerano y'akazi</li>
 <li>Icyemezo cy'umukoresha giherekejwe n'umushahara ( 200,000frw-700,000frw)</li>
 <li>Kwerekana inyandiko zigaragaza uko wahembwe mu mezi 3 ashize</li>
 <li>Inyandiko ya Banki igaragaza imikorere ya konyi yawe mu mezi 6 ashize.</li>
 <li>Kuba udafite inzu iri mu mujyi</li>
</ul>
Banki ya Kigali kandi iratanga iyi nguzanyo mu gihe <a href="https://www.rha.gov.rw/index.php?id=41">intego y'u Rwanda</a> ari ukuzamura umubare w'abazaba batuye mu mujyi mu mwaka wa 2024, aho bazava kuri 18% bakagera kuri 35% mu rwego rwo kuzamura ubukungu. 35% bisobanuye ko muri 2024 umujyi wa Kigali uzaba utuwe na miliyoni 2.7 nkuko bigaragazwa n'Urwego rw'Igihugu Rushinzwe Imyubakire mu Rwanda (Rwanda Housing Authority).
Uru rwego kandi rugaragaza ko kugeza mu mwaka wa 2028 hazaba hamaze kubakwa inzu 700,000 mu mujyi wa Kigali, muri zo 70% zikazaba ari izijyanye n'igishushanyo mbonera cy'umujyi wa Kigali.

Rwanda: Inguzanyo y'inzu itangwa na Banki ya Kigali iragufasha kugira iwawe

According to the <a href="https://african.business/2020/05/economy/africas-top-250-companies-in-2020-by-region/">African Business Magazine’s</a> annual survey,
Safaricom is the leading communications company in Kenya in terms of coverage, data- voice and SMS network. In 2020 alone, Safaricom went from position 14 to 10 in Africa, recording a net profit 19.5% to Kshs 74.7 billion.
Kenya’s Safaricom, 10th in Africa, with a market capitalization of $10.0bn and Nigeria’s Paga were among mobile money firms that took a hit to earnings when they removed fees on low-value transfers to move customers away from using cash. That is only accelerating an underlying trend towards mobile money and analysts expect that activities will pick up strongly after the crisis,” said Tom Minney on the fortunes of Africa’s Top 250 Companies.
Tanzania Breweries came in at position 75 in Africa, with Equity Holdings (Net income of $54 Million) and ranked 2nd in East Africa, while African Great Lakes region based Equity Group Holdings stands at the third position with market capitalization of USD 1 billion 168 million and its net income rises to $211million.
According to the Multimedia business platform "Khusoko", East Africa Breweries in beverages industries (Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic beverages) is ranked &nbsp;at 4th in East Africa with a net income of $84 Million and a market capitalization of $1,082 billion.
KCB Group (Kenya Commercial Bank) is at the 5th position with a market cap of $999 Million.
The next 5 places are occupied by Vodacom Tanzania, at 6 in East Africa and 98 in Africa with a Market cap of $827Million. Tanzania Cigarette at 7 with a market cap of $738 Million, the Co-operative Bank of Kenya at 8 with a market cap of $690 Million and net income of $135 Million while the Standard Chartered Bank at 9 with a market cap of $592 Million and NMB Bank at 10 with a market cap of $508 Million.
Rwanda has no entry in the top twenty, while Uganda has two, mainly British American Tobacco at 12 with a market capitalization of $387 Million and $4 Million of net income whereas Stanbic Bank Uganda sits at 14 with a market cap of $323 Million. Kenya lost three entries to list 11 companies and their combined market capitalization was dropped from $21bn to $16bn.
Zooming out, the finance industry dominates other business sectors in the East African region, especially in Kenya.

The most performing businesses in East Africa: Safaricom remains the most profitable company

Koresha igihe cyawe neza hamwe na bk internet banking
Banki ya Kigali yatangaje ko <a href="https://www.ktpress.rw/2021/06/bank-of-kigali-launches-a-new-internet-banking-platform-changes-face-of-digital-banking/">yavuguruye imikorere</a> ya serivisi ya ’Internet Banking; ikoranabuhanga riha abakiliya bayo ubushobozi bwo kugera kuri serivisi nyinshi z’iyi banki, zirimo no gukoresha konti zabo batiriwe bagera kuri banki ahubwo bakoresheje mudasobwa cyangwa telefoni.
Umuyobozi ukuriye ibikorwa by’ikoranabuhanga muri BK, Obinna J. Ukwuani avuga ko ubu buryo bwa <a href="https://www.ktpress.rw/2021/06/bank-of-kigali-launches-a-new-internet-banking-platform-changes-face-of-digital-banking/">Internet Banking</a> buvuguruye bwakorewe muri banki ya Kigali hamwe n’inzobere zayo.
Ubu buryo buvuguruye buje ari nk' igisubizo ku bakiliya ba BK &nbsp;kuko buzafasha abayigana
<ul>
 <li>kugabanya igihe byabafataga bajya ku ma banki.</li>
 <li>Kurushaho kubahiriza amabwiriza yo kwirinda ikwirakwira ry' icyorezo cya Covid-19</li>
 <li>Kugera kuri serivisi nkenerwa za banki ya Kigali bitagoranye</li>
 <li>Gufasha abakiliya kugira &nbsp;ubushobozi bwo kugura amadovize no kwishyura imishahara y’abantu benshi icyarimwe.</li>
 <li>kwongereye kandi umutekano w’ibikorwa byose abakiliya bakorera kuri iyi serivisi binyuze ku bushobozi bwa “TOTP (Time-based One-Time Password).</li>
 <li>Kuri BK, ubu buryo buzayifasha gukemura ibibazo by'abakiriya mu buryo bwihuse.</li>
</ul>
Ubu buryo buvuguruye kandi buzafasha abayobozi b’ibigo kwishyura imishahara y’abakozi icyarimwe hakoreshejwe uburyo bw’ikoranabuhanga. Ku bafite ibigo cyangwa amasosiyete, ubu buryo buzabafasha kutongera guta igihe cyabo bagana amashami ya BK kuko iri koranabuhanga riha uburenganzira ubuyobozi bw’ikigo runaka kwemeza amafaranga ava kuri konti, kandi bakagira n’uburenganzira bwo kubona ibikorerwa kuri konti z’ibigo bayobora.
BK yashyizeho ubu buryo buvuguruye kugira ngo himakazwe umuco wo gukoresha uburyo bw’ikoranabuhanga mu kugera kuri serivisi za banki, bitabaye ngobwa ko habaho gutakaza umwanya umuntu agana ku cyuma cya ATM (Automatic Teller Machine),cyangwa ngo atonde umurongo.
Uzajya abasha kugera kuri Serivisi ya Internet Banking ya BK ni
<ul>
 <li>Utunze murandasi</li>
 <li>Telefoni izwi nka ’smart phone’.</li>
</ul>
Banki ya Kigali yatangaje ko umukiliya wa BK wese wifuza gukoresha serivisi ya Internet Banking, ashobora kugana Ishami rya BK rimwegereye cyangwa se agahamagara kuri 4455 agahabwa ubufasha.
Umuyobozi ukuriye ibikorwa by’ikoranabuhanga, Obinna J. Ukwuani avuga ko <a href="https://www.ktpress.rw/2021/06/bank-of-kigali-launches-a-new-internet-banking-platform-changes-face-of-digital-banking/">bank ya Kigali</a> yifuza ko kugeza tariki 31 Nyakanga, 2021 abakiliya bose bakoreshaga urubuga rwa Internet Banking ya kera baba bamaze kwiyandikisha ku urubuga rushya, bagatangira guhabwa serivisi zivuguruye.
Ikoranabuhanga rirakataje by' umwihariko mu bigo by' imari. Rifatwa nk' igisubizo kirambye kuko icyorezo cya Covid-19 gikomeje gukaza umurego mu Rwanda. Ni mu gihe Leta y' u <a href="https://mobile.twitter.com/PrimatureRwanda">Rwanda</a> kuwa 29 Kamena 2021 yatangaje ko ibikorwa by' ubucuruzi bizajya bifunga sa kumi n' imwe z' umugoroba, ndetse ibiro na za ofise zigafunga abazikoreramo bakajya bakorera mu ngo hirindwa ko iki cyorezo cyakomeza kwaduza abantu benshi. Aya mabwiriza yatangiye gushyirwa mu bikorwa kuwa 01 Nyakanga, ibishimangira ko ikoranabuhanga ari ryo rikenewe mu bigo by' imari kugirango serivisi zikomeze gutangwa neza.

Kuba Banki ya Kigali  yarakoze impinduka mu mikorere ya "Internet Banking" bizafasha iki abayigana?

Karangwa Cassien, in charge of internal trading said that Covid-19 is the main reason for industrial products prices escalation. (Photo:Imvahonshya)
A year and two months has passed since the <a href="https://www.afro.who.int/news/first-case-covid-19-confirmed-rwanda" class="jss66">Covid-19 pandemic was spotted in Rwanda</a>. After a few days Rwanda set the nationwide lockdown, stopping movements and causing the rise of food prices due to emptied stocks. The spread of Covid-19 pandemic is said to be the reason behind these price escalations on industrial products like Cooking oil, Soap, Sugar, flour, etc.
Since the invasion of the pandemic, industrial products prices have risen on the international market, especially in developing countries. In Rwanda the price of Sun Seed cooking oil rose up to 11%, with one liter going up to 2800 Rwf from 1700rwf in a single year. The price of a 25kg-sack of flour rose from 16000rwf to 19500rwf, growing 21%.
A bar of soap is now on 700rwf from 500rwf, growing to almost 40%, something that didn’t happen in the last 25 years. These prices are not the same in many parts of the country, like in south province and east province a single litre of oil costs 3000rwf while in the remaining parts it costs 2700 to 2800rwf.
The reason behind the escalation of these prices to some products generated disputes between sellers, with buyers not knowing the reason and sellers putting it all on Covid-19.
A businessman in Nyagatare who didn’t want his name to be stated said :“The cause is not clearly clear. COVID-19 prompted changes in purchasing prices, forcing us to change our prices for our benefits, without putting a burden to our clients”.
KARANGWA Cassien The director of internal trade in the ministry of Trade and Industry in Rwanda (MINICOM) talking to wazoplus.com, said that the escalation of prices on industrial products came from the reduction of workers in industries which caused the reduction in production.
He said “The rise of prices comes from different things, but the main reason is the Covid-19 pandemic that caused the highly industrial developed countries to reduce the number of workers in tackling the pandemic transmission. These caused some industries to stop working and others to reduce the number of workers and the production also reduced, so the products became insufficient on the international markets and became expensive.”
When asked if these prices will be back to normal in Rwanda, Karangwa said “There is no certain time that the price would be reduced but it will depend on the situation of the pandemic, and the people going back to work, the industries producing as it was before”.
Karangwa warned traders to not lean on the problem that Rwanda and the world are facing and squeeze the clients, with the pretext of expensive industrial products, and that whoever will be caught in that mistake will be punished by the sector in charge.

Rwanda: MINICOM states out the impact of Covid-19 on the Industrial products prices escalation

MIGEPROF arguing women to work with financial institutions that provide loans
March 01, 2021, speaking to Radio Rwanda of Rwanda Broadcasting Agency, the permanent secretary in the ministry of gender and family promotion, Assoumpta Ingabire has said that women nowadays are doing better than those of the pre-genocide era. This is due to the fact that the government has made their development one of their priorities.
She said: “In 2013, there was the establishment of a <a href="http://gmo.gov.rw/fileadmin/user_upload/laws%20and%20policies/Law_N_______43-2013_of_16-06-2013_governing_land_in_Rwanda.pdf">policy</a> governing the management of land, giving men and women equal rights to it. In 2018, girls were allowed to inherit. Institutions like the ministry of gender and family promotion were established, National Women’s Council and the Gender monitoring office. &nbsp;90% of the people are set to be guaranteed access to financing services. There is a government policy bringing together different institutions in a bid to increase employment opportunities, while women and the youth will be facilitated to access financing services with 15% of the total funds provided by the Business Development Fund (<a href="https://www.bdf.rw/">BDF</a>)”.
Speaking to Radio Rwanda, THE Director of national Business Development Fund, BDF, Vincent MUNYESHYAKA has said that only 45% of all women can access financial services globally, while the 55% men do. He added that there has been some improvements, where women and the youth have been eased to access the financial services.
He said: “Generally, we are helping women and the youth access financial services and the year 2000, the government started this project. 52% of the whole population had no access to financial services in general, among them 60% are women. Today, 36% of all Rwandans work with Banks, 34% are women while men are 40%”.
The permanent secretary in the ministry of gender and family promotion, Assoumpta Ingabire has said that one of the biggest hindrances behind women and the youth is “Ignorance” and “misinformation”. She also added that women are still yet to be brave enough to try loans because of collaterals.
In a bid to solve the collateral issue, BDF offers 50% on loans for men and 75% for youths and women. Commercial loans are also provided, with a 15% reduction for the top performing businesses.
A lot of countries and international organizations have adopted several strategies to promote women and the youth, which is proven by sustainable programs that are established. The 5th Goal of the Sustainable Development Goals, <a href="https://docs.google.com/document/d/10HfLcYRB-cId74h_X30XlYgHK4EUa_yb/edit">SDGs</a>, is to empower women and the youth, while the 6th goal of the Agenda 2063 of the African Union is to build a continent based on the citizens’ capacity, especially women and the youth.
MIGEPROF keeps encouraging women to go beyond obstacles and work closely with financial institutions, go to science and vocational schools and get informed about current trends.

Rwanda: MIGEPROF argues for women to get out of their fears and work with finance institutions in order to develop themselves

Africa Fintech Summit

The Next Wave

TechSafari

Big Tech This Week

Prime Insurance provides tailored and market-leading insurance solutions with a focus on exceptional customer service. It leverages expertise, financial strength, and innovation to offer reliable protection. The company aims to lead the Rwandan insurance market with efficiency and excellence.

PRIME Insurance - Secure tomorrow today

🇷🇼 A Vibrant Destination Where Champions Relax, Forge Powerful Connections, Share Inspiring Stories, and Celebrate Their Triumphs and Successes in Unity.

Kigali Universe - Where Champions Chill!

The Rwanda Stock Exchange (RSE), officially launched in 2011, serves as Rwanda’s premier platform for securities trading, enabling efficient capital flow to drive economic development. Dedicated to transparency, innovation, and investor protection, RSE supports enterprises in fundraising and fosters safer investments for the public. With a vision to position Rwanda as a Regional Financial Center, RSE connects national savings with diverse industries, empowering growth and prosperity.

Rwanda Stock Exchange

💰Invest in Rwanda’s Future – Start Trading Today!

Discover a financial partner as excited about your dreams as you are! Join the BK community, where banking is made easy and perfectly fits your needs ✨

Bank of Kigali

🇷🇼 - Great Talent Today Ltd (GTT) is a leading Human Resources consulting firm based in Rwanda 🇷🇼. We specialize in providing strategic solutions tailored to meet our clients' diverse HR needs. At GTT, we are committed to delivering excellence and helping businesses unlock their full potential through innovative and impactful HR services.

🇷🇼 Affordable Houses where everybody can own a house and plot!

Affordable Houses where everybody can own a house and plot!

Custom Packaging is now a crucial part of contemporary corporate tactics, significantly impacting customer engagement, brand identification, and product display.