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 […]

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 […]

Rwanda Eyes 5G internet by End of 2019

Rwanda Eyes 5G internet by End of 2019

By Senior Staff Reporter Rwanda is now planning to go for the 5th Generation (5G) internet connection after hitting a successful 96.4 percent 4G network coverage countrywide in the last four years. So far Rwanda is the only country globally that has the biggest 4G coverage, and 5G internet could be a step ahead, despite […]

Web Summit to Remain in Lisbon Until 2028, in a New $128 Million Deal

Web Summit to Remain in Lisbon Until 2028, in a New $128 Million Deal

  Lisbon, Portugal will remain the host city of Web Summit for the next decade after a robust and competitive tender process involving offers from over 20 cities across Europe. The revelation was made by Paddy Cosgrave, the CEO of Web Summit and Antonio Costa and Prime Minister of Portugal revealed this October 3, 2018. […]

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 […]

African Investors Forum to Raise Nutrition Funds In Nairobi

African Investors Forum to Raise Nutrition Funds In Nairobi

For two days, Small and medium-sized companies from various parts of Africa will participate in the Scaling Up Nutrition Pitch Competition and will meet with venture capitalists and financiers able to offer financing. As the first event of its kind, the Africa Investor Forum is organized by the Global Alliance for Improved Nutrition (GAIN), in […]

Rwanda Seeks $300m to Address Housing Shortage

Rwanda Seeks $300m to Address Housing Shortage

Rwanda is seeking US $300m from international lenders in bid to address housing shortage facing the country. This initiative by the Rwandan government are interventions on the estimated 31,000 units demand annually. Claver Gatete Infrastructure Minister confirmed the reports said that The World Bank, International Finance Corporation (IFC) and India Housing Bank (IHB) are in […]

Africa Youth To Learn Job Creation the African Way

Africa Youth To Learn Job Creation the African Way

Africa Internship Academy (AIA) is set to inaugurate its maiden Future of Work in Africa event that will focus on how youths can be self-empowered through job acquisition in a technologically concentrated environment. The event will be held under the theme “Enhancing Partnerships for 21st Century Skills: Youth as job creators not job seekers, using […]

Rwandair Considering Purchase Airbus A321LR, Boeing 737-7

Rwandair Considering Purchase Airbus A321LR, Boeing 737-7

By Kurt Hofmann RwandAir is evaluating the Airbus A321LR and Boeing 737-7 to operate on European routes during off-peak seasons. The Rwanda flag carrier’s two widebody aircraft—one Airbus A330-200 and one larger A330-300—experienced strong load factors this summer on the carrier’s first route to Europe from the capital of Kigali via Brussels to London Gatwick. […]

Hopes For Rwanda as Tanzania Gets US$1.46bn Loan for SGR Project

Hopes For Rwanda as Tanzania Gets US$1.46bn Loan for SGR Project

Hopes for Rwandan getting to see a railway line could be high after Tanzania has secured a US $1.46bn concessional loan from the Standard Chartered Bank Group to fund its Morogoro-Dodoma standard gauge railway (SGR). Dr. Philip Mpango, Finance Minister the new loan is part of an agreement reached with Standard Chartered Bank Group Executive […]