05/07/2020

State offers 40pc of pension savings for home purchase

Proposed changes to the pension laws are meant to make it easier for individuals to buy their first homes given that most households are unable to raise the minimum house purchase deposit or afford the typical monthly mortgage repayments.

05/03/2020

Rwanda drops lending rate to 4.5pc

The central bank also eased prudential requirements to exceptionally allow banks to restructure outstanding loans of borrowers facing temporary cash flow challenges arising from the Covid-19 pandemic.

05/03/2020

Ugandan banks caught between government and virus

An executive at Citi bank who preferred to speak off the record said, “We haven’t received any loan restructuring requests from our clients, but other commercial banks have received lots of them. The big challenge is filtering genuine requests

05/01/2020

Rwanda total debt hits $4.9b amid lockdown

The government’s austerity measures—such as the suspension of April salaries for majority of public officials—will help to ease government expenditure.