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 […]

African Leaders Formalizes Commitment to Food Security

African Leaders Formalizes Commitment to Food Security

Resilience must be boosted in Africa in response to climate change, according to participants at the high-level Africa Food Security Leadership Dialogue hosted by the Government of Rwanda in Kigali (5-6 August), in partnership with the Food and Agriculture Organization of the United Nations, the African Union Commission, the African Development Bank, the International Fund […]

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 […]

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 […]

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. […]

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, 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 […]

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 […]

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 […]

Rwanda Marks World Investor Week

Rwanda Marks World Investor Week

Rwanda’s Capital Market Authority (CMA) has joined the rest of the world to celebrate the 2018 World Investor Week (WIW). The WIW week will be held from October 1st– 7th, 2018 to promote investor education and protection and highlighting the various initiatives of securities regulators in those two areas around the globe. In Rwanda, the […]

Kenya To Host International Open Data Conference in 2020

Kenya To Host International Open Data Conference in 2020

The 6th International Open Data Conference (IODC) will be held in Africa for the first time, in Nairobi, Kenya, in 2020. The announcement was made at the closing ceremony of the 5th IODC 2018 held in Buenos Aires, Argentina, from September 27 – 28, 2018 under the theme “The Future is Open.” The 2020 conference […]

FaceBook, Internet Society To Increase IXPs Throughout Africa

FaceBook, Internet Society To Increase IXPs Throughout Africa

By Staff Writter The Internet Society a global non-profit organization dedicated to the open development, evolution and use of the Internet, has announced its partnership with Facebook to develop Internet Exchange Points (IXP) throughout Africa. An Internet Exchange Point is where multiple local and international networks, ISPs and content providers interconnect their networks together to […]

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 Retains 5.5% Repo Rate, NPLs Remain a Concern

Rwanda Retains 5.5% Repo Rate, NPLs Remain a Concern

By RBD Staff Reporter On the backdrop of positive macroeconomic conditions which are expected to continue going forward, the Monetary Policy Committee (MPC) decided to maintain the key repo rate unchanged at 5.5 percent. This comes at a time when banks have reduced their lending lines, as a result of staggering non-performing loans (NPLs) 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. […]

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