Germany Africa Business Forum announces multi-million Euro funding

Germany Africa Business Forum announces multi-million Euro funding

The Germany Africa Business Forum (GABF) in collaboration with private partners from the energy industry, has announced launch of a multi-million Euro funding commitment to invest in German energy startups that focus on Africa. The funding commitment, which pledges funds to German startups with exposure to African energy projects, will be the first such intra-regional […]

SEAL sets Up The Biggest Dry Wood Park in Rwanda

SEAL sets Up The Biggest Dry Wood Park in Rwanda

Starting from the very first days of its activity in Rwanda in 2017, Sawmill East Africa Limited (SEAL) has invested about Rwf4billion to set up the biggest dry wood park in the country. The funds have not only been invested in state-of the-art equipment and the factory itself, but allocated specific funds meant for a […]

Electric Bike Ride Sharing to be Launched in May

Electric Bike Ride Sharing to be Launched in May

Gura, a transportation network company based in Rwanda, is set to roll out electric bikes and scooters to tap into the country’s mobility and ride-sharing industry. Gura Ride is a brainchild of Tony B. Adesina, who serves as the company chief executive officer and Agenor Jean-Louis, who is the chief operating officer. Both are graduates […]

World Bank Commits $22.5 billion at 3rd One Planet Summit

World Bank Commits $22.5 billion at 3rd One Planet Summit

What is the big deal about 2019? The IPCC’s recent 1.5C report highlighted the need for far greater climate action around the world, especially in Africa where the needs are greatest. Countries are now preparing to update their national climate action plans ahead of the UN’s 2020 climate conference. Later this year, the UNSG will […]

German-African Energy Forum Set for March in Hamburg

German-African Energy Forum Set for March in Hamburg

The 13th German-African Energy Forum is going to set the stage for German and Africa businesses as well as public enterprises to expand economic ties, do deals, create jobs, combat energy poverty, and use German know-how to spur growth. The African energy industry will be in Hamburg on March 27th-28th, 2019 for this dialogue organized […]

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 […]

NSE listed KenolKobil Plc to Acquire 10 Service Outlets in Rwanda

KenolKobil Plc has announced plans to acquire up to 10 retail outlets in Rwanda. The Pan African oil marketer, in a statement, says it has agreed terms to secure the service stations from Delta Petroleum by way of asset sale. Delta Petroleum Uganda Limited has agreed to cede 10 outlets. The purchase will be through its […]

African Nations Get IFC Wind Energy Funding

The International Finance Corporation (IFC) has partnered with Gaia Energy to develop wind energy projects in Africa. IFC head of InfraVentures for Sub-Saharan Africa, David Donaldson confirmed the reports and said  wind energy and renewable energy in general are priority areas identified in the World Bank Group’s strategy. IFC and Gaia Energy teamed up to […]

Rwanda, AfDB sign US$269m to Increase Power Supply Reliability

Rwanda, AfDB sign US$269m to Increase Power Supply Reliability

Government of Rwanda and African Development Bank (AfDB) signed a loan agreement worth US$ 269 million (approximately Rwf237 billion) to finance Power supply reliability in Rwanda. The concessional loan will be disbursed under the second phase of Scale up Electricity Access Program (SEAPII), which is expected to improve reliability of electricity supply, increasing on-grid access […]

Rwanda to Launch First Electric Motorcycle in 2019

Rwanda to Launch First  Electric Motorcycle in 2019

Ampersand, an electric vehicle company, is beginning electric motorcycle taxi (e-Moto) trials in Rwanda due to be launched in 2019. Following 2.5 years of research and development, it is testing four different e-Moto models, specifically for motorcycle taxi drivers- which are so far customerised and already running on streets of Kigali. The initial e-Moto customer […]

Kenya to Construct Africa’s 2nd Largest Dam

Kenya to Construct Africa’s 2nd Largest Dam

Construction works on US $2bn High Grand Falls Dam in Kenya, Africa’s second largest dam is set to commence following a resolved procurement dispute which threatened to delay the project. According to Irrigation Principal Secretary Fred Segor, Public Procurement Review Board (PPRB) — the state agency that handles disputes arising from government tendering — upheld […]

Rwanda, Sweden Sign $20million Guarantee

Rwanda, Sweden Sign $20million Guarantee

By Staff Writer Rwanda and Sweden have launched a $20million Guarantee for lending innovations in the Renewable Energy sector. The agreement was signed between Rwanda Development Bank (BRD) and Swedish International Development Cooperation Agency (SIDA) this September 27, 2018. The Guarantee, divided into two parts spanning over a period of 8 years: – $5 Million […]

Rwanda, Germany Sign €42 million Financing Agreement

Rwanda, Germany Sign €42 million Financing Agreement

  Rwanda and Germany sign financing agreement worth €42 million approximately Rwf42.2 billion, to support good governance and job creation The agreement was signed this September 19, 2018 by Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador Germany to Rwanda Dr. Peter Woeste, The grant agreement will support decentralization and good […]

Rwanda Registers 6.7% Growth in Q2 of 2018

Rwanda Registers 6.7% Growth in Q2 of 2018

Rwanda’s Economy expanded by 6.7% in the second quarter of 2018 compared with the same period last year. The Growth Domestic Product (GDP) for the second quarter at market prices was estimated at Rwf2 trillion up from Rwf1.896 trillion in the second quarter of 2017. According to the numbers released by the National Institute of […]

$1billion Synthetic Securitization For Untapped Risks

$1billion Synthetic Securitization For Untapped Risks

Pan African banking sector has received a $1 billion synthetic securitization funding for power, transportation, financial sector, and manufacturing assets. The funding, under a new intiative-‘Room2Run’ was today announced in Ottawa, Canada in collaboration with African Development Bank (AfDB), the European Commission, Mariner Investment Group LLC (Mariner), Africa50 and Mizuho International plc). Room2Run is the […]

Dr. Adesina Rallies for Women, As CW Awakens On An Inclusive Development Agenda

Dr. Adesina Rallies for Women, As CW Awakens On An Inclusive Development Agenda

The African Development Bank (AfDB) president, Dr. Adesina Akinwumi has said that no country can possibly move forward in the 21st century if it leaves half of its talent, especially women on the sidelines “All of us understand the need to support women instinctively. Many of us have come from places – and have family […]

Rwanda, Uganda Emerge Among Top Innovations

Rwanda, Uganda Emerge Among Top Innovations

By Staff Writer African Innovation Foundation (AIF) today unveiled the list of 10 nominees for the prestigious Innovation Prize for Africa (PIA) 2018. Among the 10 nominees for the PIA and innovations in their respective sectors include a Rwandan and Uganda enterprise – which managed to come up strong representing the East African Region. The […]

Africa Oil Week Set For November

Africa Oil Week Set For November

Africa Oil Week (AOW) has announced its partnership with SuperReturn to facilitate stakeholders ahead of the AOW2018 conference before end of this year. The AOW will be held at Cape Town Convention Center (CTICC) in, South Africa, from November 5 to 9, 2018. This new partnership will give participants SuperReturn Africa, conference on the most […]