Rwanda, Tanzania seek to bolster business ties

Businesspeople from Tanzania and Rwanda during the meeting in Kigali yesterday. Tanzania has pledged to ease business environment for Rwandans wishing to do business in or with the neighboring country, for the mutual benefit of both countries. Tanzania’s representatives gave the reassurance Wednesday during a high-level bilateral investment forum in Kigali. On the table is the removal of existing trade barriers to ease doing business and forging investment partnerships. Rwandan businesspeople at the meeting said those who want to set up businesses in Tanzania are not facilitated enough. Fred Seka, president of the Federation of East Africa Freight Forwarders, said […]

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How to export to Europe step-by-step? Market access training for Rwandan firms

________________________________________ Press release How to export to Europe step-by-step? Market access training for Rwandan firms MINICOM, PSF, RDB, NAEB, the International Trade Center and the European Union join forces to increase and diversify Rwandan exports Kigali, 29 May 2019 European consumers are interested in Rwandan products and Rwandan firms are interested in selling on the lucrative EU market. For that reason, the Government of Rwanda (GoR), the International Trade Center (ITC) and the European Union (EU) work together to inform local firms on how to export to the EU. The EU is the world’s largest single market. With 503 million […]

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MTN, PSF Sign Deal To Make EXPO Rwanda Fully Cashless

MTN, PSF Sign Deal To Make EXPO Rwanda Fully Cashless

PSF CEO and his MTN counterpart after signing the agreement. Rwandans can now brace for a fully cashless international exhibition following a partnership agreement signed between MTN and Private Sector Federation. The partnership was signed Thursday during the Transform Africa Summit in Kigali. It aims at accelerating doing business in Rwanda. Both institutions have agreed this partnership will bring digital user-friendly solutions starting with MoMo Pay and Ticketing solutions. “Customers can easily transact without necessarily using cash, but rather using their Mobile Money wallets,” the join communiqué reads in part. The two parties have also agreed that Mobile Money be […]

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How 170 Rwandan Investors Discovered Chinese Market

How 170 Rwandan Investors Discovered Chinese Market

ByJean de la Croix Tabaro May 03, 2019 at 5:56 pm Leonard Mudacumura of FAGIS-LB Ltd bargains with a female client. His company joined HAT in November 2018 The Rwandan small and medium enterprises have found a new formula to penetrate much bigger global markets and to bring the best to the local consumers at competitive price. The story behind the creation of Heart of Africa Trading (H.A.T) Ltd with headquarters in Kigali and a branch in China is such a good blend that comes to change the old narrative of ‘lack of capital’ among Rwanda’s SMEs. It all started […]

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Rwandan exporters eye West African market

Rwandan exporters eye West African market

In a bid to enhance Rwanda’s exports, the government of Rwanda set a target of increasing the annual exports by 17 percent and this will require different initiatives to support and ensure enhancement of exports and access to foreign markets. By James Karuhanga Local producers are turning to the West African market in a new strategy that could enhance and increase the country’s exports, Sunday Times has learned. In this new export promotion strategy spearheaded by the Private Sector Federation, the first consignment landed in Congo-Brazzaville last Monday with more cargo expected in the West African country this week. “The […]

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Rwandan Traders Blame Slow Pace On ‘Corrupt Neighbors

Rwandan Traders Blame Slow Pace On ‘Corrupt Neighbors

By Williams Buningwire March 01, 2019 Participants during the Survey offical launch. Rwandan Private Sector Federation (PSF) has stated that Non-Tariff Barriers (NTB) posed by some East African Community country members continue to hinder the competitiveness of cross-border trade. The major NTB barriers cited by PSF includes; slowness of clearance at the customs of Mombasa and Dar es-Salam, Kenya and Tanzania ports respectively. The EAC Non-Tariff Barriers challenges were raised in Kigali as PSF was presenting the business and investment climate survey. The survey indicated that it takes an average of 7.9 days to transport containers from Mombasa and Dar […]

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Survey: Unpredictable taxes biggest constraint to businesses

Survey: Unpredictable taxes biggest constraint to businesses

PSF Top leaders with other invited guests attending the event . A new report commissioned by the Private Sector Federation (PSF) has cited high taxes, particularly stemming from multiple taxations, as the major constraints to doing business in Rwanda. The fourth Business and Investment Climate Survey 2019-2021 report indicates that more than three-fourths of the respondents appealed for a review of the current tax regime in order to make locally produced goods more competitive. While releasing the report for stakeholders yesterday, Stephen Ruzibiza, the Chief Executive Officer of PSF, said that it will help the umbrella organization of private sector […]

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PSF, Belgian chamber of Commerce discuss potential partnerships.

PSF, Belgian chamber of Commerce discuss potential partnerships.

PSF CEO Stephen RUZIBIZA during the meeting with team from Belgian chamber of Commerce. The Private sector Federation met and discussed with Walloon Chamber of Commerce and Industry met the Rwanda Private Sector Federation to identify potential partnership opportunities. Mr. Philippe Suinen, the President of the Walloon Chamber of Commerce and Industry with Mr. Walter Coscia, the Thematic Manager for entrepreneurship support to developing countries at APEFE/Wallonie-Bruxelles International were in the country to search for potential partnerships. The main objective was also to explore and analyze possible networking and collaboration perspectives in different sectors so as to capitalize on the […]

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PSF urges regional MPs to back business friendly policies

PSF urges regional MPs to back business friendly policies

Rwanda Private Sector Federation (PSF) chief executive Stephen Ruzibiza addresses members of the East African Legislative Assembly yesterday. PSF has challenged regional legislators to step up advocacy for policies designed to eliminate trade barriers, which continue to undermine regional integration. Sam Ngendahimana Rwanda’s Private Sector Federation (PSF) has challenged regional legislators to increase their advocacy for policies designated to eliminate trade barriers, which continue to undermine regional integration. Officials from the umbrella of Rwandan business community were yesterday meeting members of the East African Legislative Assembly (EALA) who are undertaking an outreach programme in partner states. In Rwanda, the lawmakers […]

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APEFE-PSF program to enhance skills in Rwandan youth.

145 youth in the 1st intake of apprenticeship training under the Workplace Learning Support Programme, have completed three months in 4 pilot TVET schools for theoretical learning and basic practices. Before starting the practical learning in companies; a workshop between the trainers from all 13 TVET Schools identified to collaborate with the programme and 100 in-company trainers; was held on this 22nd January 2019 to jointly prepare the three months learning in companies. Participants in the workshop (Photo: APEFE) Representatives from different professional chambers and associations under the Private Sector Federation (PSF) and the officials from the Ministry of Public […]

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