Category: Business

Kabuye Sugar Works has moved into upland sugarcane growing, aimed at boosting sugar output through cutting losses resulting from floods.

The country’s sole sugar maker has for a couple of years appealed to government for more land on which to grow sugarcane, arguing that their current plantations lie on swamps, which prone to flood during heavy rains.

Kabuye says it incurs a loss of between 3000 and 4000 tones of sugar annually leading to supply shortages, which drives sugar prices higher.

The company is targeting to cultivate 3000-3500 hectares in the next five year.

This is expected to boost sugar output by between 27,000 and 315,000 tonnes every year.

Currently Kabuye Sugar Works produces 10,000 tonnes of sugar each year, a decline from 15,000 tonnes that were being produced in 2007 and 2008.

With national demand for sugar at 50,000 tonnes, the country has had to bridge shortfall in supply through importation.

African Development Bank has said Kigali will host the 2012 African Economic Conference from 30 October to 2nd November, 2012.

The theme of the 2012 conference is” Fostering inclusive and sustainable development in Africa in an Age of global economic uncertainty”.

The conference will focus on long-term continental economic growth in the aftermath of the financial and economic crisis.

According to African Economic Outlook 2012, Africa’s average growth declined from 5% in 2010 to 3.4% in 2011, mainly due to the political uprisings in North Africa, whose growth rate was only 0.5% in 2011.

With the gradual recovery of North African economies, average growth is expected to rebound to 4.5% in 2012 and to 4.8% in 2013.

Graduates from the Akilah Institute are expected to be employed at the Marriott hotel in Kigali which is due to open in 2013.

The Hotel is apparently the first largest Marriott hotel in sub-Saharan
Africa.

Some young Rwandan women were chosen to undergo a training
session in Marriott’s hotels in Dubai and Doha.

Marriott expects to hire 10,000 employees, majority of which will be local residents, in its upcoming hotels on the continent.

KCB bank Group is looking for a dynamic, energetic and experienced strategist to head the bank following the resigniation of its Group chief executive Martin Oduor-Otieno.

The regional bank has contracted consultancy firm Manpower to help identify the new CEO, which will further deepen the change in the composition of the KCB’s board and executive suite that began last year.

Oduor-Otieno, 56, is due to retire in April 2013 after the expiry of his second two-year term, which was granted in May 2010 nearly a year before the end of his first four-year tenure in April last year.

The changes emerge at a time when the bank is in the middle of a major restructuring plan that saw it cut its executive suite by nearly half, leading to the exit of deputy CEOs Sam and Peter Munyiri.

The Ministry of Trade and Industry has embarked on a national campaign awareness on use of standard weights and measures, price display and issuing invoices as way of enforcing consumer protection law and regulations.

According to Bayingana Emmanuel, Expert in the Competition and Consumer Protection Unit, this campaign has been organized in partnership with the Rwanda Bureau of Standards and Consumers Association (ADECOR).

He noted that the team will be inspecting most business entities throughout the country in implementation of law organizing Internal Trade as well as international regulations on weights and measures