Rwanda's BK Group's Net Income Up 19.8% on Lower Impairments Costs
BK Group reported 9M 2025 net income of RWF 83.5Bn, up 19.8%, driven by lower impairment costs and strong loan growth. Net interest income rose 13.5% as assets increased 7.6% and loans expanded 17.2%. Non-funded income weakened, but cost discipline improved the cost-to-income ratio to 37.0%. Asset quality strengthened with the NPL ratio at 3.0% and cost of risk at 1.0%. The Board declared an interim dividend of RWF 11.2 per share.
Kenya Rises as Key Exporter to Rwanda as Tanzania’s Role Contracts
While Kenya’s imports to Rwanda have grown steadily, the country remains a minor destination for Rwandan exports.
Paratus Rolls out Starlink in Rwanda
Pan-African telecommunications firm Paratus Group has expanded its satellite internet footprint to Rwanda, intensifying its bid to dominate enterprise connectivity across East Africa. “We are building Africa’s quality network by [...]BK Group Delivers KSh 2.7bn Profit in Q1 2025
BK Group Plc has posted a Q1 2025 net profit of RWF 25.2 billion (KSh 2.7 billion), marking a 5.4% rise year-on-year. The cost-to-income ratio improved to 33.9%, down from [...]Aliko Dangote Challenges Business Leaders to Lead Continent's Transformation
Aliko Dangote, one of Africa's richest serial entrepreneurs, has called on his fellow business leaders to take the lead in transforming the continent. With the foremost entrepreneurs on the continent, [...]
Admaius Capital Partners Makes A Majority Equity Investment in Rwandan Telecom Towers Operator TRES
Admaius Capital Partners (“Admaius”), an Africa focused private equity investor operating across several growth markets, has today announced its majority equity investment into TRES Infrastructure Limited, the only local licensed [...]BasiGo Secures US$1.5M Grant for E-mobility Pilot in Rwanda
E-mobility company BasiGo has secured USD 1.5M grant from the United States Agency for International Development (USAID) to support a pilot program in Kigali, Rwanda. The pilot program aims to [...]IMF in Agreement with Rwanda over US$262M Credit
The International Monetary Fund (IMF) and Rwandan authorities have reached staff-level agreement on policies needed to complete the second reviews of Rwanda’s Policy Coordination Instrument and program under the Resilience [...]Rwanda, Qatar Extend Deal on Financial Sector Development
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre have renewed their agreement to jointly foster financial sector development in their respective regions. The QFC and Kigali International [...]NCBA Group Plc to Issue a Fat KSh 471.8 Million Dividend Cheque to Shareholders
NCBA Group has declared an interim dividend of KSh 1.75 per share, or payment of a total of KSh 471.8 Million to its shareholders, making it the second listed lender [...]
Angaza Forum Rwanda: NCBA's Lina Higiro Calls for Diversity and Inclusion in Financial Leadership
The constitution in Rwanda notes that Gender equality between Men and Women must be granted in all their rights. In 2015, Rwanda introduced a legislation that requires all public organizations [...]
