I&M Bank, MasterCard launch Rwanda’s first multicurrency Prepaid card

I&M Bank, MasterCard launch Rwanda’s first multicurrency Prepaid card

I&M Bank Rwanda has launched of Rwanda’s first Multicurrency Prepaid Platinum card in partnership with Mastercard, thanks to its design, this card will introduce a world of seamless transactions for our customers. The cards can be used to make card transactions both locally and internationally either on Point of Sale machines (POS) or for online […]

Understanding the Role of Technology in Promoting inclusive Growth in Africa

Understanding the Role of Technology in Promoting inclusive Growth in Africa

As the world continues to become more digital, building an inclusive world in which the digital economy works for everyone, everywhere, is crucial.  A recent research collaboration between the MasterCard Center for Inclusive Growth and The Fletcher School at Tufts University highlights the strengths and opportunities of six major countries in Africa for harnessing the true potential of […]

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 […]

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 […]

Rwanda Marks Int’l Mining Day, Awards Best Practices

Rwanda Marks Int’l Mining Day, Awards Best Practices

After years of struggling with issues of illicit mining activities, Ngororero district has emerged as the best of thirty districts in fight illegal mining establishing a task force to fight illegal mining activities, with results. The award was a special category at the first ‘Mining Excellence awards’ held in Rwanda as the country joined the […]

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 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 […]

China Building World’s Biggest Music Streaming Services in Africa

China Building World’s Biggest Music Streaming Services in Africa

The leading smartphone seller in Africa isn’t Apple or Samsung: it’s Transsion Holdings, the Chinese-owned maker of phone brands including Itel, Infinix and Tecno. As its devices have become ubiquitous with African users, the Shenzen-based company has also been building out Boomplay, a music streaming joint venture between Transsion and NetEase, a Chinese internet company. […]

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 […]

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 […]

MTN Rwanda Launches 2018 Mobile Money Month

MTN Rwanda yesterday launched the 3rd edition of its annual Mobile Money (MoMo) Month to support and further Rwanda’s national agenda of accelerating the country into a cashless economy. The one-month campaign launched this November 8, 2018 at Nyamata Market in the Eastern Province is based on the theme “Let’s Go Cashless”. The event was […]

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 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 […]

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 […]

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