Kigali-Tel Aviv flights Could start June 2019

Kigali-Tel Aviv flights Could start June 2019

Rwanda’s national carrier, RwandAir, could start launching direct flights from Kigali, Rwanda to Tel Aviv, Israel soon. The first flight could be available on June 25, 2019, according to reliable sources. The flight will fly between Kigali and Tel Aviv three times a week operating on Tuesdays, Thursdays, and Saturdays by a Boeing 737-800NG. The […]

Rwanda Reduces Construction Permits Acquisition Time

Rwanda Reduces Construction Permits Acquisition Time

In a bid to be competitive in doing business, Rwanda has announced new construction policy reforms that will reduce the days it takes for one to get a construction permit. “And the number of days to obtain construction permits will reduce from 113 to 57 while the cost will reduce from 12% to just 2.2% […]

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 […]

U.S Honors Three Rwandan Women of Courage

U.S Honors Three Rwandan Women of Courage

The U.S. Ambassador to Rwanda, Peter Vrooman, honored three Rwandan women today with the 2019 Rwandan Women of Courage award at an event at his home in celebration of Women’s History Month. The three women were recognized with the U.S. Embassy’s fifth annual Rwandan Women of Courage award for their exceptional service and leadership.  Since 2007, […]

Rwanda Bonds: Institutional Investors Snatch March Bond with Lion shares

Rwanda Bonds: Institutional Investors Snatch March Bond with Lion shares

Rwanda’s Central Bank (BNR) 15-year Treasury Bonds worth 10 billion was successfully reopened with a subscription level of 230.91% from 60 applications received in different categories, central bank has said. The books were opened Monday March 25 and closed Wednesday 27, 2019 at 4pm, with institutional investors getting a lion’s share. The book-building method was […]

SAFAT Aviation Group Exhibits Its Might at Aviation Africa 2019

SAFAT Aviation Group Exhibits Its Might at Aviation Africa 2019

Sudan’s state owned SAFAT Aviation Group, SAG will soon expand its aviation services to Rwanda market with focus on working with the maintenance, repair and overhaul (MRO). “We shall be expanding our service to Rwanda, after talks with the Rwanda national police (RNP) who showed interest in purchasing our safat02 aircrafts,” said Mr. Mohamed Awad […]

Kenyan Real Estate Enterprise Wins Another Accolade

BuyRentKenya rise in Kenya’s online property market has been again underlined by another critical industry acclaim. In 2018, the company won all three of the most prestigious industry awards.  BuyRentKenya ’s most recent award of the Best Online Real Estate Marketing Platform at the Real Estate Excellence Awards highlights top real estate sector performers who […]

Rwanda to Host 2019 Aviation Africa Summit

The 4th edition of Aviation Africa Summit which is scheduled for 27th to 28th February, 2019 at the Kigali Convention Centre. The 2019 Aviation Summit Kigali will be convened for two-days and is structured to incorporate presentations, panel discussions on trendy subjects in aviation with the view of ultimately charting ways of boosting business across […]

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 […]

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 […]

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 […]

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 […]

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. […]

Kenya’s Raila Odinga Starts AU Job Reviving Big Africa Infrastructure

Kenya’s Raila Odinga Starts AU Job Reviving Big Africa Infrastructure

Recently appointed as the African Union special envoy for infrastructure development in the continent Raila Odinga has announced plans to construct a 6,000km road linking Mombasa in Kenya to Lagos in Nigeria in bid to link Africa through modern highways and railways. The opposition leader, indicated that linking Kenya to Nigeria via road will be […]

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 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 […]

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 […]

Africa Finance Corporation Acquires a US$300m Chinese Loan Facility

Africa Finance Corporation Acquires a US$300m Chinese Loan Facility

Africa Finance Corporation (AFC) a leading infrastructure development finance institution in Africa, has successfully acquired a $300 million facility from Export-Import Bank of China. The inaugural loan facility from CEXIM is composed of a $200m five year loan and a $100m five year stand-by facility for general corporate purpose. This follows the corporation’s strategic focus […]

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