Bank of Kigali Increases Sponsorship value For Rwanda’s Basketball

Bank of Kigali Increases Sponsorship value For Rwanda’s Basketball

Bank of Kigali PLC has signed the 2nd year of BK-FERWABA sponsorship and increased the sponsorship value from one hundred million to one hundred thirty-five million annually. BK also announced the ten league players who are becoming BK Brand ambassadors. Rwanda Basketball Federation (FERWABA) and BK signed a Rwf300 Million partnership in November 2018 with BK […]

Addressing Africa’s Skills Mismatch

Addressing Africa’s Skills Mismatch

By Hanan Morsy While much of the world struggles with rapid population aging, Africa is experiencing the opposite trend. With 60% of the continent’s population under the age of 25, African leaders must ensure not only that a sufficient number of quality jobs are available, but also that young people receive the education and training […]

American, African Superstars head for CAX Weekend in Kigali

American, African Superstars head for CAX Weekend in Kigali

Thousands of participants from over 68 countries within Africa and beyond have indicated interests to take part in the inaugural Creative Africa Exchange (CAX) Weekend which opens in Kigali on 16 January 2020. The event which in what has been describing as Africa’s first continental summit dedicated to promoting exchange within the creative and cultural […]

Boon for African SMEs, as African Guarantee Fund receives $33million

Boon for African SMEs, as African Guarantee Fund receives $33million

Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional $33M financing from German lender KfW Development Bank , in a move that will catapult AGF’s efforts to enable African SMEs continue to play their critical role in driving Africa’s economy. This new financing comes at a time when the continent’s SME sector […]

Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off

Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off

Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the […]

Rwanda Stocks Clock $1billion in Transaction Value

Rwanda Stocks Clock $1billion in Transaction Value

Rwanda Stock Exchange (RSE) deals have clocked a record $1 billion in transactions with the bank of Kigali leading in numbers of exchanges out of the eight listed companies on the counters. This record in transaction value is for the first time at the exchange marking the close of 2019 “Indeed 8 years $1billion in […]

Persist Climate Change Ambitions-AfDB tells Africans at COP25

Persist Climate Change Ambitions-AfDB tells Africans at COP25

The African Development Bank (AfDB) has urged African nations to stay the course on climate action, after a marathon session of talks at the twenty-fifth Conference of Parties to the United Nations Framework Convention on Climate Change (COP 25) in Madrid. The conference was scheduled to run from 2 to 13 December, but only concluded […]

Vodacom, WorldRemit launch mobile money transfers to M-Pesa Tanzania

Vodacom, WorldRemit launch mobile money transfers to M-Pesa Tanzania

WorldRemit, a leading digital money transfer service, has partnered with Vodacom Tanzania to enable nine million M-Pesa customers to receive money directly to their M-Pesa wallets from friends and family living abroad. The new service increases convenience for money transfer recipients in urban and rural areas of Tanzania as they can receive international money transfers […]

UK Contributes £3 million to feed Burundian refugees in Rwanda

UK Contributes £3 million to feed Burundian refugees in Rwanda

The United Nations World Food Programme (WFP) today welcomed a contribution of £3 million (US$3.8 million) from the United Kingdom to help save the lives of over 60,000 Burundian refugees in Mahama camp in eastern Rwanda who had faced ration cuts this month. “This contribution enables WFP to continue to reach the most vulnerable women, […]

Dubai’s Aleph Hospitality Opens Hotel In Nairobi

Dubai’s Aleph Hospitality Opens Hotel In Nairobi

Dubai-based independent hotel management company AlephHospitality has opened a new hotel- the Best Western Plus hotel in Westlands in Nairobi, Kenya. The new hotel introduces the Best Western Plus brand to one of the city’s most sought-after commercial districts, marks Aleph Hospitality’s continued expansion in Kenya, where the company has already signed management contracts for […]

Fashionomics Africa launches “game changing” Digital Marketplace

Fashionomics Africa launches “game changing” Digital Marketplace

African Development Bank’s flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives from multilateral development banks, finance institutions, governments […]

Rwanda’s 1st electric motorcycle cover 250,000 kilometers

Rwanda’s 1st electric motorcycle cover 250,000 kilometers

Minister Claver Gatete joined the Africa’s electric vehicle company (Ampersand) to celebrate 250,000 kilometers traveled by its 20 e-motorcycle taxis in Rwanda, an opportunity to witness the feasibility of electric mobility in the country Since May 2019, Ampersand launched twenty e-motos operating on a commercial basis, taking passengers and goods across Kigali. Drivers rent batteries […]

Financial Stability Symposium Opens in Rabat, Morocco

Financial Stability Symposium Opens in Rabat, Morocco

A regional financial stability symposium has open in Rabat, Morocco will a fresh look at the need to have an integrated financial and payments system to ease trade on the continent. The symposium was officially opened this December 9, 2019 by John Rwangombwa, the Chairman of Association of African Central Banks, and Governor of Rwanda […]

CEO Bheki Mthembu Leaves Cimerwa PPC Rwanda in Profits

CEO Bheki Mthembu Leaves Cimerwa PPC Rwanda in Profits

Rwanda leading cement manufacturer CIMERWA PPC ended 2019 on a high note as it registers a 20% year on year increase in sales volumes but the man behind this success is set to leave the country. This comes on the back of a plant maintenance and upgrade in 2018 which saw the sole cement manufacturer […]

African Researchers get Funding to Tackle Infectious diseases

African Researchers get Funding to Tackle Infectious diseases

Five African scientists have received funding to conduct research that will contribute to global efforts to reduce the burden and threat of locally relevant infectious diseases in Africa. The five fellows will be funded through the TIBA-AAS Out of Africa Postdoctoral Fellowship programme for a year as visiting fellows of the University of Edinburgh. They […]

Burundi refugees in Rwanda Get US$1.1 million

Burundi refugees in Rwanda Get US$1.1 million

The United Nations World Food Programme (WFP) has received €1 million (US$1.1 million) from the European Commission to provide food and nutritional assistance to more than 60,000 Burundian refugees in Mahama camp in eastern Rwanda. This is in addition to €500,000 also received from the European Commission’s Civil Protection and Humanitarian Aid office (ECHO) in […]