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 […]

GSMA Tips Rwanda on Smarter Data Privacy

GSMA Tips Rwanda on Smarter Data Privacy

Africa has great potential to profit from a digital transformation that could provide much-needed jobs and improve access to quality services, including finance, healthcare, education and agriculture. Home to the youngest population in the world, Africa is progressing rapidly in digital adoption. Underpinned by rising mobile connectivity, the continent has recorded the highest growth globally […]

MTN Rwanda Announces Appointment Of New CFO

MTN Rwanda Announces Appointment Of New CFO

MTN Rwanda has appointed Mark Nkurunziza as its new Chief Financial Officer, effective June 1st, 2019. He replaces Mrs. Lily Zondo, who served as CFO from 2016. Mark joins MTN with over 20 years of extensive leadership experience in the financial services sector specifically in Financial Management and Risk Management. Prior to joining MTN Rwanda, […]

Kaspersky Lab to Open Office in Kigali

Kaspersky Lab to Open Office in Kigali

Kaspersky Lab has announced plans to open a new office in Kigali, Rwanda, to support the rapid growth of its business in East Africa. This strategic move will provide more room for development as well as closer proximity to new partners in the region, allowing Kaspersky Lab to continue its expansion into the promising African […]

BK Group Launches “Ikofi” Wallet to Increase Agriculture Financing

BK Group Launches “Ikofi” Wallet to Increase Agriculture Financing

Bank of Kigali (BK) officially launched a new digital product called “IKOFI”, a revolutionary universal wallet that offers financial services with focus on Rwandan farmers, agro-dealers, Agri-businesses and other players in the agricultural ecosystem. For a long time Agriculture has been considered to be a high risk sector for financial institutions mainly due the lack […]

Diamond Trust Bank becomes first East African bank to go live on SWIFT gpi

Diamond Trust Bank, a major banking group in East African Community (EAC) has become the first East African bank to go live on SWIFT’s global payments innovation (gpi) service. Gpi is a rapid cross-border payments service that includes real-time payments tracking and transparency on transaction fees and foreign exchange rates. The bank’s EAC active operations […]

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 […]

Rwanda: Bank of Kigali 2018 pretax profit up 25%

Bank of Kigali’s pretax profit rose 25 percent last year to 42.6 billion francs ($47.2 million), helped by higher interest income. Bank of Kigali said, in a statement, its net interest income climbed 14 percent to 75.8 billion francs in the year through December. “All our subsidiaries reported strong performance leading to a net income […]

Rwanda’s Capital Market University Challenge 2019 Ends with Pomp and Color

Rwanda’s Capital Market University Challenge 2019 Ends with Pomp and Color

Pomp and color characterized the awarding ceremony of the 2019 Capital Market University Challenge after a rigorous and hectic pre-selection stages in all provinces from across Rwanda and the City of Kigali. This year’s competition attracted 672 contestants in both the essay and quiz categories from 16 universities and higher learning institutions. The one-month long […]

Electric Bike Ride Sharing to be Launched in May

Electric Bike Ride Sharing to be Launched in May

Gura, a transportation network company based in Rwanda, is set to roll out electric bikes and scooters to tap into the country’s mobility and ride-sharing industry. Gura Ride is a brainchild of Tony B. Adesina, who serves as the company chief executive officer and Agenor Jean-Louis, who is the chief operating officer. Both are graduates […]

World Bank Commits $22.5 billion at 3rd One Planet Summit

World Bank Commits $22.5 billion at 3rd One Planet Summit

What is the big deal about 2019? The IPCC’s recent 1.5C report highlighted the need for far greater climate action around the world, especially in Africa where the needs are greatest. Countries are now preparing to update their national climate action plans ahead of the UN’s 2020 climate conference. Later this year, the UNSG will […]

German-African Energy Forum Set for March in Hamburg

German-African Energy Forum Set for March in Hamburg

The 13th German-African Energy Forum is going to set the stage for German and Africa businesses as well as public enterprises to expand economic ties, do deals, create jobs, combat energy poverty, and use German know-how to spur growth. The African energy industry will be in Hamburg on March 27th-28th, 2019 for this dialogue organized […]

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 […]

Former US vice president leads Andela’s latest $100 million funding

Former US vice president leads Andela’s latest $100 million funding

Software developer training and outsourcing company, Andela has announced a $100 million Series D round. It’s one of the largest ever single rounds raised by an African-focused tech company, keeping pace with Andela’s track record of big-ticket rounds. The round is led by Generation Investment Management—an investment firm co-founded by former US vice president Al […]

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