Tag: HomeHighlights

  • I&M Bank Rwanda Q1 net profit rises to Frw 5.4 billion

    The lender attributes the rise in profitability to solid growth in loans and deposits, increased customer engagement, and improved operational efficiency.

    The bank’s performance report shows that as of March 2025, total assets stood at Frw 910 billion, an 11% year-on-year increase. Net operating income rose by 16% to Frw 16.6 billion, driven in part by a 22% rise in foreign exchange income, stemming from higher volumes of customer forex transactions.

    The bank disbursed loans amounting to Frw 397.3 billion, representing a 12% rise from the end of 2024. Customer deposits also grew by 13% to Frw 745.4 billion compared to the fourth quarter of 2024.

    This growth was supported by an accelerated current and savings account acquisition strategy and enhanced client engagement efforts.

    The bank also recorded a reduction in its cost-to-income ratio, which dropped from 51.2% to 45.4%, while maintaining a healthy capital adequacy ratio of 18.11%. I&M Bank Rwanda’s customer base expanded by 9% year-to-date, reaching 110,000, largely driven by the success of its “Karame” retail campaign.

    CEO Benjamin Mutimura said the first quarter marked a strong start to the year, with results building on the foundations laid in 2024.

    “Our performance in 2024 reflects the success of the iMara 3.0 strategy. We have aligned with Rwanda’s economic priorities while focusing on customer delight,” he said.

    “The growth in our loan book and deposits speaks to the trust our clients place in us, particularly within the MSME and retail segments. Strategic campaigns like Karame and Ryoshya Iwawe have been instrumental in deepening customer relationships and expanding our market reach.”

    Looking ahead, Mutimura affirmed the bank’s commitment to ecosystem-led offerings and national presence expansion.

    “Our goal is to positively impact over two million lives by 2026, in alignment with the country’s development ambitions,” he noted.

    Founded in 1963, I&M Bank Rwanda is one of the oldest financial institutions in the country. It was listed on the Rwanda Stock Exchange in March 2017 and is part of the I&M Group, which operates in Kenya, Tanzania, Uganda, and Mauritius.

    I&M Bank Rwanda has posted a net profit of Frw 5.4 billion for the first quarter of 2025, reflecting a 14% increase compared to the same period last year.CEO Benjamin Mutimura said the first quarter marked a strong start to the year, with results building on the foundations laid in 2024.

  • President Kagame meets ServiceNow Africa Managing Director

    The meeting was confirmed by the Office of the President, which reported that discussions focused on expanding ServiceNow’s AI-powered digital workflow solutions in Rwanda.

    The meeting took place on the sidelines of the Basketball Africa League (BAL) at BK Arena, where both Kagame and Camara attended the matchup between APR BBC and MBB South Africa, part of the ongoing Nile Conference in Kigali.

    ServiceNow, a global leader in digital workflow solutions, has been steadily growing its presence across Africa, with active operations in Kenya, South Africa, and other emerging markets.

    The company supports a variety of initiatives, including renewable energy projects and the promotion of green investment in the private sector.

    Additionally, ServiceNow hosts high-level events such as the ServiceNow Africa Summit, which brings together investors, policymakers, and tech innovators to explore technology-driven approaches to solving regional challenges.

    ServiceNow is particularly focused on helping both government and private sector institutions find technology-based solutions, with a strong emphasis on artificial intelligence, a focus area that aligns with the country’s national priorities in technology and innovation.

    President Paul Kagame met with Cheick Camara, Vice President and Managing Director of ServiceNow Africa, along with his delegation on Thursday, May 22, 2025Discussions between President Kagame and Camara focused on expanding ServiceNow’s AI-powered digital workflow solutions in Rwanda.The meeting took place on the sidelines of the Basketball Africa League (BAL).

  • He killed over 300 Tutsis, served time and now reintegrated: The story of ‘Kimashini’

    In his home area of Murundi Sector, Karongi District, Habiyaremye became widely known for the sheer number of people he killed during the Genocide against the Tutsi. Gacaca court records show he took the lives of more than 300 Tutsis, many of them his neighbours, acquaintances, and even friends.

    Today, he still lives in the same region. The once densely populated hills of Gasharu Cell, where many Tutsi families had lived, now bear only terraced slopes and forests.

    “That area was home to many Tutsis,” says Mukamatayo Anne Marie, President of Ibuka in Gasharu. “They were completely wiped out. Families like that of Mukakimenyi and Ntoyihuku vanished. No one from those homes is left.”

    In his home area of Murundi Sector, Karongi District, Habiyaremye became widely known for the sheer number of people he killed during the Genocide against the Tutsi.

    The story of Habiyaremye resurfaced during a past commemoration of the Genocide against the Tutsi, when the Minister of National Unity and Civic Engagement, Dr. Jean Damascène Bizimana, cited him as an example of the scale of killings that occurred in the area.

    “One striking case is in Nyamushishi Cell, Murundi Sector, where one man was found to have personally killed more people than any other individual identified through the Gacaca court system,” Dr. Bizimana said.

    “Habiyaremye Bernard, known as ‘Kimashini’, murdered more than 300 people by name. He even remembers some of them.”

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    During the Genocide, Habiyaremye participated actively in killings. He recalls how it began:

    “We were neighbours. One day, a man said to me, ‘They killed my daughter. Now I have no one to avenge me.’ That’s when I started. His name was Tharcisse Nzabahimana—I killed him. After that, I continued. I felt like it would catch up with me if I didn’t.”

    Eventually, Habiyaremye was arrested and tried under the Gacaca court system. After serving his sentence, he returned to live in the same community he had once terrorised.

    “Those I killed were close to me—neighbours with whom we shared meals, worked together in the fields, and lived peacefully before the genocide,” he admits. “Some were killed by others, but we had all lived together.”

    Surprisingly, Habiyaremye says he was not rejected by his community upon return:

    “I’ve never been turned away. I eat where others eat. I can’t say I have enemies.”

    On whether he feels remorse, he reflects: “I wasn’t myself—I was like a statue. No one with a heart could do what I did and claim to be a good person.”

    He credits Rwanda’s post-genocide education and reconciliation programmes for helping him and others like him to reflect, take responsibility, and rejoin the community.

    “Unity and reconciliation have been powerful,” he says. “If you look around Rwanda, it’s clear the country has been rebuilt.”

    Habiyaremye believes the fight against genocide ideology is everyone’s duty: “It still exists, but it can be identified and rooted out. That mindset must not find space in Rwanda.”

    He says he now lives in peace with genocide survivors—some of whose relatives he killed:

    “We live together, eat together, and talk. No one tells me to go away. I don’t hide, and they don’t avoid me.”

    He also thanked President Paul Kagame for restoring national unity and said he now plays a role in building the same country he once helped tear apart.

    Gacaca court records show Habiyaremye Bernard took the lives of more than 300 Tutsis, many of them his neighbours, acquaintances, and even friends.

  • “Looking very good”: Trump applauds progress in mediation between Rwanda, DRC

    Trump made the remarks while hosting Ramaphosa and his delegation, who are in the U.S. to revitalise diplomatic and economic ties with Washington.

    In a wide-ranging discussion that touched on regional conflicts, trade, and African development, Trump singled out the Rwanda–DRC peace process as a highlight of his administration’s recent diplomatic efforts.

    The mediation process is coordinated by Senior Advisor for Africa Massad Boulos.

    “Looking very good,” President Trump said. “I’m hearing phenomenal reports because what I was hearing before was deaths, deaths and chopping of heads off. It was very horrible over there. It was really brave of you [Boulos], to go there. I really appreciate it. It looks like we have something very substantial.”

    The U.S.-led mediation has made significant headway in recent months following widespread tensions that escalated after the takeover of large swaths of territory in eastern Congo by the M23 rebels, fighting what they describe as decades of persecution and marginalisation of Kinyarwanda-speaking Congolese.

    While the Congo accuses Rwanda of backing the M23 rebels, Rwanda denies this, stating that its main concern is the presence of the FDLR militia group, linked to the 1994 Genocide against the Tutsi, and its collaboration with the Congolese army, which poses a security threat along the border with Rwanda.

    During the meeting at the White House on Wednesday, Boulos confirmed that Rwanda and the DRC recently signed a declaration of principles and have submitted their respective versions of a peace agreement. A unified draft incorporating both proposals has now been shared with both parties for final review.

    “We are in the process of finalising it,” Boulos said. “A couple of weeks ago, the two parties signed a declaration of principle in which they agreed on the way forward. They have both submitted draft peace agreements, and we have compiled one that incorporates their suggestions. It looks very good.”

    The U.S. State Department last week also confirmed that a peace agreement draft had been shared with President Paul Kagame and President Félix Tshisekedi of the DRC.

    If all parties approve the final version, a landmark signing ceremony is scheduled for June at the White House. Presidents Kagame and Tshisekedi are expected to attend the event, which will also feature the signing of new economic cooperation deals with the United States.

    Before the deal can be finalised, the U.S. has outlined key preconditions, particularly for the DRC. These include disbanding the FDLR militia and enacting governance reforms to ensure a fairer distribution of national resources.

    If successful, the agreement could usher in a new era of stability for the long-troubled eastern DRC and boost regional economic integration, with U.S. investments playing a pivotal role.

    Trump said his involvement in the conflict was motivated by a desire to save lives, not geopolitical gain.

    “I have nothing to do with Rwanda and Congo, but I felt I had a very talented person in this administration, and I sent him there. He did an unbelievable job. He has done the hardest part of the job. I want to save the lives of each and every African—if it’s in Europe, wherever it may be,” Trump told the delegation.

    In typical fashion, Trump also drew parallels to other global conflicts, saying that “we settled” tensions between India and Pakistan “in less than two days” through strategic trade diplomacy, while also citing ongoing efforts to resolve the conflict between Russia and Ukraine.

    “It’s a very small investment for me compared to the consequences,” he added.

    Ramaphosa hails mediation efforts

    President Ramaphosa thanked the U.S. for its role in pushing forward a peaceful resolution, revealing that the Southern African Development Community (SADC) had withdrawn its troops from eastern Congo to make way for diplomatic talks.

    His visit to Washington comes amid efforts to reset relations between South Africa and the United States, especially in light of recent tensions and controversy over claims of racial violence in South Africa, which saw Trump offer refuge to white farmers fleeing the country.

    Despite disagreements during the meeting, particularly when Trump raised long-standing “white genocide” claims, Ramaphosa expressed satisfaction with the private discussions, calling the visit “a great success” in opening communication channels and advancing trade opportunities.

    Trump’s message to Africa

    As Africa Day approaches on May 25, President Trump shared a broader message of peace and prosperity for the continent, stating that what he wants to see is peace across Africa.

    “What I want is peace. I want to see happiness. I want to see health. You have an incredible land that has tremendous value—a lot of countries don’t have that,” he stated.

    “We have settled a war that has been raging for years, Rwanda and the Congo, and I think we have done it.”

    United States President Donald Trump said his involvement in the conflict was motivated by a desire to save lives, not geopolitical gain.

  • Rwanda, UN sign $1.04 billion cooperation framework to accelerate development

    The signing ceremony held on Tuesday, May 20, 2025, was officiated by Mr. Yusuf Murangwa, the Minister of Finance and Economic Planning, and Mr. Ozonnia Ojielo, UN Resident Coordinator in Rwanda.

    Anchored in Rwanda’s Second National Strategy for Transformation (NST2) 2024–2029 and aligned with Vision 2050, the UNSDCF represents the UN’s most important strategic planning and implementation instrument at the country level.

    It outlines a shared commitment to support inclusive economic transformation, human capital development, and transformational governance—with a cross-cutting emphasis on gender equality, climate resilience, and innovation.

    “This new Framework is a testament to our enduring partnership with the United Nations and to Rwanda’s vision for a more inclusive, prosperous, and sustainable future,” said Minister Murangwa. “It reflects our shared priorities and values, and our resolve to leave no one behind.”

    The UN system in Rwanda through this Cooperation Framework commits to mobilize resources —estimated at USD 1.04 billion over five years—which will be operationalized through joint programmes, innovative financing, and catalytic partnerships involving Government, civil society, the private sector, and international partners.

    Commenting on the development, UN Resident Coordinator Ozonnia Ojielo emphasized that the Framework signed as the United Nations turns 80, reaffirms commitment to ‘Delivering as One in support of Rwanda’s transformation journey’.

    “It is both a call to action and a platform for results—driven by national ownership, powered by partnerships, and guided by the ambition to achieve the SDGs,” he noted.

    The UNSDCF 2025–2029 was developed through an inclusive and consultative process involving over 50 national institutions, UN entities, and key development actors.

    It responds to emerging challenges such as climate change, regional instability, and financing gaps—while leveraging Rwanda’s potential in digital innovation, green growth, and youth empowerment.

    As the world enters the final stretch toward 2030, Rwanda and the UN are stepping forward with a bold, forward-looking framework—one that translates global commitments into local action, and ensures that development reaches those furthest behind.

    The Government of Rwanda and the United Nations have signed the United Nations Sustainable Development Cooperation Framework (UNSDCF) 2025–2029, charting a renewed path of partnership to advance Rwanda’s national development priorities and the Sustainable Development Goals (SDGs).

  • Our security is where we draw a red line- Kagame

    The president has said this yesterday as he met with Musanze and Nyabihu residents on the second day his citizen outreach program he is holding in Northern and Western Province.

    President Kagame highlighted security is paramount especially in Musanze district receiving a large number of tourists visiting Virunga National Park which is home to gorillas.

    “Tourists cannot go to unsafe places. Our security is where we draw a red line. Whoever crosses this line will face consequences. You should not allow anyone from inside or outside the country to jeopardize our security. That is the red line that must not be crossed for us to work and realize the progress we want,” he said.

    President Kagame requested citizens to embrace such mindsets and collaborate with security officials to attain it.

    He called on residents to improve cleanliness and address malnutrition noting that: “Solving the issue of cleanliness and malnutrition does not require us to wait for outside help. It is a question of mindset. We will keep working to address the challenges you face and look for the resources required to solve them. What I ask of you is your involvement and to work even harder.”

  • My commitment to you is to hold accountable those who are not delivering, Kagame

    The president made the pledge as he met residents of Musanze and Nyabihu district at the stadium of the University of Rwanda College of Agriculture, Animal Sciences and Veterinary Medicine, (UR-CAVM) in Busogo as part of ongoing citizen outreach program.

    “My commitment to you is to hold accountable those who are not delivering. Next time I visit, you can hold me accountable for it,” said Kagame.

    As he arrived at the meeting place, President Kagame held exclusive discussions with leaders before greeting thousands of residents convened in Busoga to welcome him.

    He later told them that asbestos roofing sheets covering roofs of UR-CAVM buildings was among issues discussed.

    “The first people who are responsible are leaders, it does not absolve citizens from their role in solving their problems but solutions start with leaders. All have been mentioned. Let me start with the issue of the buildings covered with asbestos roofing sheets. We took the decision ten years ago. That is why I summoned leaders to discuss because it is the first thing appearing when you get here,” he said.

    Kagame highlighted that reasons for some issues are attributed to the budget problems even those who forgot the situation noting that it is a matter of mindsets.

    “The issues we are discussing here are not new and they are not insurmountable. We discuss them, we agree on how they will be solved but when you come back you find the problem has not been solved or has gotten worse.

    The issues of hygiene and malnutrition have been also talked about for many years. Solving the issue of cleanliness and malnutrition does not require us to wait for outside help. It is a question of mindset,” he said.

    During the interactive session, citizens raised concerns on the poor performance of milk collection centers, problems of seeds shortage, and areas in need of electricity among others.

    President Kagame promised a solution but requested them to combine efforts and play an active role in development activities.

    President Paul Kagame has requested leaders to accomplish their duties, while he interacted with residents of Burera district, Northern Provincery6b0448-3-183ee.jpgry6b0511-2-dcf6a.jpgry6b0524-4e7e5.jpg

  • First Lady Jeannette Kagame calls for concerted efforts in trauma handling

    She made the call yesterday as she officiated the opening of the two-day National Trauma Symposium that brings together organizations and individuals working in the field of mental health, as well as beneficiaries of existing initiatives in Kigali.

    The symposium is part of events marking the 25th commemoration of the 1994 Genocide against the Tutsi and was themed: “Embracing trauma management from grassroots initiatives to institutional interventions”.

    It aimed at giving stakeholders a platform to reflect upon, assess and document best practices, lessons learned and challenges faced during the past 25 years after the Genocide against the Tutsi.

    Mrs. Jeannette Kagame said that trauma management should focus on unique aspects of the country’s history.

    “Genocide against Tutsi was committed in a specific way. That is why the wounds and trauma, sustained as a consequence, should be treated as special cases supported by knowledge and research,” she said.

    The First Lady said that rebuilding a nation whose people were facing different types of mental illnesses as a result of their horrific experiences during the Genocide against the Tutsi was challenging, but it had been achieved by men and women who had put others’ interests above their own.

    In partnership with experts dealing with trauma cases, 2000 people were trained in trauma management.

    Madam Jeannette Kagame requested that such expertize use existing programs giving people a platform to talk about history.

    She said that healing trauma is preparing children who sustained consequences of these wounds to grow with a strong commitment to preventing genocide.

    Like the liberation struggle, Jeannette Kagame said, no one should interfere in the war to heal trauma.

    The country expects a great contribution from those who studied trauma management. Remember to have attention on a special aspect of Genocide against the Tutsi within your approaches to help trauma victims. ” she said.

    First Lady Jeannette Kagame called on members of Rwanda Psychological Society (RPS), together with other partners within the field of trauma and mental health, to collectively find lasting solutions to the issue of trauma, seeking how to establish clinics and private institutions helping trauma management.

    She also highlighted the need to delegate a person dealing with trauma in public places like schools and at work

    The head of the Mental Health Division at the Rwanda Biomedical Center (RBC), Dr. Yvonne Kayiteshonga revealed to participants that although the general population was dealing with various mental health issues, these issues were more prevalent among the survivors.

    She specifically pointed out that according to the Rwanda Mental Health Survey (2018) 11.9% of the general public suffers from Major Depressive Episodes, while Genocide survivors affected by this mental disorder make up 35%.

    Dr. Kayiteshonga highlighted that 3.6% of the general population are dealing with Post Traumatic Stress Disorder (PTSD), while Genocide survivors suffering from this disorder came up to 27.9%.

    The Executive Secretary of the National Commission for the Fight Against Genocide (CNLG), Dr. Jean Damascène Bizimana said that healing trauma takes time because it affects children of genocide survivors.

    He lauded f the Government of Rwanda’s efforts dealing with trauma cases, as consequences of the 1994 Genocide against the Tutsi making the country secured and giving a platform to private organizations to heal genocide wounds.
    First Lady Jeannette Kagame has called for concerted efforts to overcome the trauma that persists among genocide survivors after the 1994 Genocide against TutsiMrs. Jeannette Kagame said that trauma management should focus on unique aspects of the country’s historyThe call was made yesterday as the First Lady officiated the opening of a two-day National Trauma Symposium that brings together organizations and individuals working in the field of mental health in Kigali

  • Local leaders must either deliver or quit- Kagame

    He has made the observation today as he interacted with residents of Burera district, Northern Province.

    The Mayor of Burera district, Florence Uwambajemariya has said that the district has made a considerable step towards the improvement of citizens’ livelihoods and health and other development activities.

    She, however, raised some concerns including overcrowding in schools, inadequate workers at health centers and hospitals and the problem of drug abuse and smuggling.

    “Citizens wish to get a district hospital because the existing hospital will belong to the university. Citizens wish empowerment of our health posts and upgraded to health centers if possible,” said Uwambajemariya.

    “They want a durable solution for ravages caused by water flowing from volcanoes, the introduction of radio network towers where they are not, and ambulances at some health centers,” she added.

    President Kagame said that Rwandans know their history upon which they build progress with a view to inclusively and positively change everyone’s life.

    “There are still a lot of things within our means that are not done properly. They are repeated over time but never change in accordance with our abilities. That issue must be addressed by all means,” he said.

    President Kagame highlighted that Rwandans have no problem because they do the right thing given good leadership. He noted that weak leaders lead to the failure of anticipated results.

    “I will find time to deal with those leaders who don’t accomplish what they must deliver to these citizens. I will not dodge around; it will start from top to grass root levels of leadership,” he said.

    Kagame explained that there are some rampant problems that should have been addressed before.

    “The problem of seeds, whenever I come to Musanze, Burera, they always raise the issue of seeds, Irish potatoes seeds among other crops. It should not be a problem to be repeatedly talked about every day,” he said.

    Commenting on the health sector, President Kagame said “There was capacity building. Within examples pointed out across the world with tangible evidence, Rwanda comes among the good examples. But you find some things don’t reach citizens or they are not aware of what is available or don’t access them that they chose to seek services beyond borders. The country has the necessary abilities to offer these services.”

    “Taking examples of children crossing borders to get medical circumcision services that started in Rwanda, it is not clear that people cross the border to get things they should access here. It must stop. I don’t have a problem with you (citizens), I have it with leaders. They are going to accomplish their duties or leave and do what they want elsewhere,” added Kagame.

    The Minister of Local Government, Prof Shyaka Anastase said that Rwf 5 billion was allocated to fund development activities in Burera district and that the pace of development activities in the district rates between 8-10%.2-2365-f92b2.jpg3-2001-9f8d1.jpg11-765-f18d3.jpg

  • We are not slaves of neighbors- President Kagame

    President Kagame has made the remarks today during his visit to Burera district, Northern Province, where he heard citizens’ concerns and exchange ideas about how to move the country forward.

    Burera borders with the Republic of Uganda.

    He explained that there is a problem of neighbors who have been on alert to cause problems to Rwanda noting that its citizens have to protect it.

    The speech has been delivered at a time when residents of Burera at times seek some services in Uganda.

    “We are not slaves of neighbors. Rwanda is not a small country or small people that can be dictated to, but leaders cause problems when they are not watchful. Most of what you go to seek outside the border, even markets, are left here. But leaders go and live in towns, the capital city and think the world ends there,” he said.

    President Kagame revealed that someone told him that they cross the border to seek bread and wondered why manufacturers don’t make bread within the district or supply them.

    He also talked on children crossing the border to get medical services yet they are available in Rwanda.

    During the recent leadership retreat, President Kagame talked about children crossing to get circumcision from Uganda yet some of the techniques to do it was emulated from Rwanda.

    Kagame has however said that when leaders don’t bring things to normal “It results in problems. We are going to fix that. Let those neighbors who want to cause trouble in our country forget that and let us focus on developing ourselves. When they are ready to work with us, we will be here and ready. What we want is to be good neighbors who trade and work well with each other.”

    “When you turned us into a garden in which you grow desired crops, we also have expectations. I hope citizens are hearing me. Leaders must understand it. It has been long for us to transform mindsets and country’s politics to current developments” he added.

    Kagame said the policy is having Rwandans working together, leaving no one behind and that whatever stands in that road should not be tolerated.