Mauritius to host 10th Africa Peering and Interconnection Forum

Mauritius to host 10th Africa Peering and Interconnection Forum

Annual event serves as a platform to expand and develop the Internet in Africa Mauritius will host the 10th anniversary edition of the Africa Peering and Interconnection Forum (AfPIF) at the Intercontinental Hotel, Balaclava, from 20-22 August 2019, which is being organised by the Internet Society and African IXP Association (AFIX) in collaboration with Rogers […]

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 […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

Ghana Launches 1st Building Code Regulation

Ghana Launches 1st Building Code Regulation

  Ghana has launched its first Building Code aimed at regulating activities of the country’s building and construction industry. Speaking during the launch, Dr. Mahamudu Bawumia, Ghana’s Vice President expressed delight over the production of the standard document after decades of effort in formulation. “Ghana has been operating without a comprehensive building code since independence. […]

Summary of World Bank 2019 Doing Business Report on Rwanda

Summary of World Bank 2019 Doing Business Report on Rwanda

Rwanda is the 29th easiest place to do business in the world according to the 2019 World Bank Doing Business index of the world’s most business-friendly economies. Highlights of the report include: Rwanda is the only Low-Income Country (LIC) in the Top 30, and the only one in the Top 100. Nearly 75% of the Top 30 […]

About World’s first Foldable Smartphone

About World’s first Foldable Smartphone

We finally have a foldable phone, and it’s not from Samsung or Huawei or any well-known brand for that matter. It is a brand called Royole which saw its inception by few Stanford Engineering Graduates in 2012. This foldable smartphone (cum Tablet !?) is the world’s first commercial smartphone to achieve this feat. Flex Pai […]

Rwanda, AfDB Calls for More Awakening of ‘Sleepy Africa Giant’

Rwanda,  AfDB Calls for More Awakening of ‘Sleepy Africa Giant’

Rwanda Minister of Finance has called for increased contributions to Africa Development Fund (ADF) to finance Africa’s Development Agenda Africa offers more opportunities for investments than ever before, the Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana has said. Ndagijimana attributed this rise to increasing young population, middle class, unprecedented ICT penetration, regional integration, […]

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 […]

Rwanda Stock Exchange Market Report 11th October, 2018

Rwanda Stock Exchange Market Report 11th October, 2018

Both RSI and ALSI remained unchanged to close at 131.48 and 131.58 respectively. Today’s trading session recorded a total turnover of Frw 119,600 from 1,300 shares traded in 2 deals and Frw 5,500,000 worth of bonds traded in 2 deals. IMR counter closed at Frw 92(Frw 92 previous). The trading session recorded a total turnover […]

Andela Operations Enter Rwanda

Andela Operations Enter Rwanda

Andela, a technology training and job placement firm has appointed a Rwandan country representative with plans to start operations in Rwanda before end of 2018. Clément Uwajeneza, formerly Irembo Platform CEO becomes Andela’s new Country Director. Uwajeneza, is expected to provide strategic leadership and direction to the Kigali Andela office, and will be responsible for […]

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