Rwanda Registers over US$ 2 billion Worth of Investments in 2018

Rwanda Registers over US$ 2 billion Worth of Investments in 2018

The Rwanda Development Board (RDB) in 2018 registered 173 investment projects in Rwanda worth US$ 2.006 billion against a US$ 2 billion target, set for the year. This is an increase of US$ 331 million or approximately 20%, when compared to the investments registered by RDB in 2017. During 2017, US$ 1.675 billion worth of […]

Israel, Rwanda to Open Direct Flight Between Countries ‘within Months’

Israel, Rwanda to Open Direct Flight Between Countries ‘within Months’

By MICHAEL BACHNER Rwanda’s national airline will start operating regular flights to and from Israel in the coming months after the two countries on Monday signed a bilateral agreement as part of the Open Skies aviation reform. The development comes after Prime Minister Benjamin Netanyahu and Rwandan President Paul Kagame agreed in September to open […]

Edmonton Family Donates to Cancer Care In Rwanda

Edmonton Family Donates to Cancer Care In Rwanda

  A few months ago, Edmonton businessman Irving Kipnes and his wife, Dianne, were planning to make a $100,000 gift to Partners In Health (PIH) Canada when they had a sudden change of mind. The couple were so impressed by the charity’s cancer-treatment centre in Rwanda that they decided to donate $5-million instead. “We were […]

Rwanda Goes Heads-On with Aviation Ambition

Rwanda Goes Heads-On with Aviation Ambition

  Rwanda’s national carrier Rwandair has announced plans to start flying to Ethiopia starting April 2019 despite financial turbulence in the aviation industry. This is part of the airlines ambitious expansion while struggling with making profits in the aviation sector among other countries in Africa. “We will fly you to Addis Ababa five times a […]

AAS Launches Global standard Tool, Tried out in Rwanda

AAS Launches Global standard Tool, Tried out in Rwanda

The African Academy of Sciences (The AAS) has launched the Good Financial Grant Practice (GFGP), a global standard tool first developed in Africa for international use. The GFGP standard, developed in collaboration with the African Organization for Standardisation (ARSO and first tried out in Rwanda is aimed at to promote transparency and strengthen the governance […]

Rwanda Signs More Air Agreements

Rwanda Signs More Air Agreements

Rwanda signed several Bilateral Air Services Agreement (BASA) with seven more nations in a bid to expand its air services and routes in Africa, Asia and Europe. The deals where signed alongside the 11th Air Services Negotiation Event (ICAN2018) in held in Kenya’s capital Nairobi from 10 to 14 December 2018. Rwanda signed agreements with […]

Kenya’s Java House Opens Pizza Brand in Kigali.

Kenya’s Java House Opens Pizza Brand in Kigali.

  Kenya’s leading food chain Java House Group on Tuesday opened its subsidiary restaurant ‘360 Degrees Pizza’ in Kigali. The restaurant is the first of its kind in Rwanda. The event, held at Kigali Heights was graced by Kenya’s Ambassador to Rwanda John Mwangemi, Java House Group CEO, Paul Smith and the Kigali business community. […]

President Fattah Al-Sisi Follows Kagame Agenda on AU Chairmanship

President Fattah Al-Sisi Follows Kagame Agenda on AU Chairmanship

As Egypt prepares to take over the chairmanship of the African Union (AU) in 2019, President Abdel Fattah al-Sisi has sent a clear message of intent focused on greater integration, cooperation. On Fattah al-Sisi’s table is a focus on governance and the fight against corruption, two core issues at the center of the AU agenda. […]

2019: Year of US-China Rivalry in Africa

Early signs in forecast report suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the perils of Chinese debt-fuelled spending for economic stability, China will continue to broaden its engagement across the continent, with particular focus on East Africa. This is one […]

Kagame, El-Sisi Witness $400m Historical Network Infrastructure, Data centres Deal

Kagame, El-Sisi Witness $400m Historical Network Infrastructure, Data centres Deal

Leading pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds ($400m US Dollars) in Egypt over the next three years. This historical agreement was signed and witnessed in the presence of Egyptian President and incoming chairman of the African Union (AU), His Highness Abdel Fattah El-Sisi and the current […]

Chinese Tourists Now Buying Rwanda Tourism Packages

Chinese Tourists Now Buying Rwanda Tourism Packages

Chinese tourists are now able to directly book tour packages to Rwanda following the launch of the ‘Visit Rwanda’ online pavilion on Fliggy, Alibaba’s travel platform that is accessed by over 500 million users in China. This follows the 31st October official launch of the first of its kind in Africa, eWTP (Electronic World Trade […]

Only 12 AU Countries Haven’t Signed AfCFTA Deal

Only 12 AU Countries Haven’t Signed AfCFTA Deal

A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough – and practical solutions – to move the process ahead. AfCFTA area aims to create a single continental […]

Rwanda Marks Int’l Mining Day, Awards Best Practices

Rwanda Marks Int’l Mining Day, Awards Best Practices

After years of struggling with issues of illicit mining activities, Ngororero district has emerged as the best of thirty districts in fight illegal mining establishing a task force to fight illegal mining activities, with results. The award was a special category at the first ‘Mining Excellence awards’ held in Rwanda as the country joined the […]

MTN Rwanda Injects Rwf50 billion in Network Expansion

MTN Rwanda Injects Rwf50 billion in Network Expansion

MTN Rwanda has today signed Rwf50 billion 7-year tenure loan with a syndicate of local banks to fund its capital expenditure program for this year until 2020. The deal is aimed at the expansion and modernisation of the Network and related IT systems. At the signing of the agreement, MTN Chief Executive Officer, Bart Hofker […]

Africa’s Largest BPO gets $51 million

Africa’s Largest BPO gets $51 million

Gulf Capital and AfricInvest have for the first time partnered to provide a structured loan and equity investment of $51 million in Xperiences Ison, the largest customer service provider and outsourcing south of the Sahara. Gulf Credit Opportunities Fund II, the second private debt fund of Gulf Capital, and AfricInvest Fund III, the third generation […]

Rwanda Tourism Gets Boost with Black Rhinos

Rwanda Tourism Gets Boost with Black Rhinos

Endangered black rhinos will be returning to their natural habitat, in Rwanda’s Akagera national park in eastern region of the country, where an entire rhino population had been wiped out. Three female and two male rhinos from the Safari Park Dvur Kralove zoo in the Czech Republic, Flamingo Land in Britain and Ree Park Safari […]

Heineken Beer Now Produced in Rwanda

Heineken Beer Now Produced in Rwanda

  Rwanda will effective from 20th December 2018 start local production of Heineken beer in returnable bottles with reduced price The production will be done at the Bralirwa brewery located in Gisenyi town, Western Rwanda This makes Rwanda the 9th African country producing, packing and selling Heineken locally alongside other markets including Nigeria, Namibia, South […]

Africa’s Richest Man Goes for Kenya Cement

Africa’s Richest Man Goes for Kenya Cement

Aliko Dangote, Africa’s richest man and owner of Dangote cement in Nigeria, has revealed to be among bidders for Kenya’s struggling Athi River Mining Cement (ARM); a cement maker company currently under the administration of accounting firm Price water house Coopers (PwC). The Nigerian business man, without naming the acquisition target; which in his opinion […]