I&M Bank, MasterCard launch Rwanda’s first multicurrency Prepaid card

I&M Bank, MasterCard launch Rwanda’s first multicurrency Prepaid card

I&M Bank Rwanda has launched of Rwanda’s first Multicurrency Prepaid Platinum card in partnership with Mastercard, thanks to its design, this card will introduce a world of seamless transactions for our customers. The cards can be used to make card transactions both locally and internationally either on Point of Sale machines (POS) or for online […]

Understanding the Role of Technology in Promoting inclusive Growth in Africa

Understanding the Role of Technology in Promoting inclusive Growth in Africa

As the world continues to become more digital, building an inclusive world in which the digital economy works for everyone, everywhere, is crucial.  A recent research collaboration between the MasterCard Center for Inclusive Growth and The Fletcher School at Tufts University highlights the strengths and opportunities of six major countries in Africa for harnessing the true potential of […]

Rwanda: CMA Tips Kigali Women On Capital markets Opportunities

Rwanda: CMA Tips Kigali Women On Capital markets Opportunities

Rwanda Capital Market Authority (CMA) has encouraged women representatives to secure a bright future by availing themselves of the available investment opportunities in the local capital market. CMA officials made the call while addressing the 2019 National Women’s Council (NWC) General Assembly in Kicukiro District which attracted women from across the district in the City […]

Bank of Kigali to Close 8 Branches across Rwanda

Bank of Kigali to Close 8 Branches across Rwanda

Rwanda’s leading commercial bank, Bank of Kigali (BK) plans to close eight branches across the country as it seeks to reduce operational costs, which are affecting its profitability. While the Rwanda Stock Exchange-listed lender remains profitable, latest published results show its earnings are under threat from high operating costs. According to the third quarter to […]

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. […]

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 […]

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 […]

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 […]

Africa’s Longest Suspension Bridge Opens

Africa’s Longest Suspension Bridge Opens

  The Maputo–Katembe Bridge in Mozambique, Africa’s longest suspension bridge that cost a whooping US $750m has officially been opened to the public. Financed by China and built by China Road and Bridge Corporation, the project began in June 2014. The entire structure is nearly 3km long, comprising a kilometre-long ramp on either side of […]

China Building World’s Biggest Music Streaming Services in Africa

China Building World’s Biggest Music Streaming Services in Africa

The leading smartphone seller in Africa isn’t Apple or Samsung: it’s Transsion Holdings, the Chinese-owned maker of phone brands including Itel, Infinix and Tecno. As its devices have become ubiquitous with African users, the Shenzen-based company has also been building out Boomplay, a music streaming joint venture between Transsion and NetEase, a Chinese internet company. […]

Rwanda, SA to Get 1st Africa-Made Phone

Rwanda, SA to Get 1st Africa-Made Phone

African high-tech player Mara on Friday announced the production of their newest product the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa. “China has Huawei, Xiaomi; the U.S has iPhone and finally Africa has Maraphone,” Ashish​ Thakkar, founder of Mara Group told a press conference on the final day of […]

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