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 […]

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, […]

Rwanda Business: Journalists Empowered to Report on the Capital Markets

Rwanda Business: Journalists Empowered to Report on the Capital Markets

On 21st June 2019, the Capital Market Authority (CMA) in partnership with the Media High council (MHC) trained 20 business journalists from various broadcast, print and electronic media houses on how to report about capital market business in Rwanda. This year’s training focused on educating and exposing business reporters on the business of capital market […]

CMA Rwanda Sensitizes Judicial Staff on Capital Markets

CMA Rwanda Sensitizes Judicial Staff on Capital Markets

Rwanda’s Ministry of Justice staff members participated in a public education session on how to save and invest through Rwanda’s capital market. The sensitization conducted Capital Markets Authority Rwanda (CMA Rwanda), is part of the institution’s commitment to carry out a number of public education initiatives meant to bridge the financial literacy gap by targeting […]

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 […]

Rwanda Cuts Central Bank Rate by 50

Rwanda Cuts Central Bank Rate by 50

The National Bank of Rwanda has cut the Central Bank Rate(CBR) by 50 basis points (From  5.5 percent to 5.0 percent) to sustain growing domestic demand in 2019. Governor John Rwangombwa said the MPC will continue to monitor developments in domestic &global economic conditions and stands ready to take appropriate measures. more details  http://bit.ly/2Hdp7LB #MPC2019

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 […]

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 […]

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 […]

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 […]

‘Continental Free Trade Area Needs Political Will’- Kagame

‘Continental Free Trade Area Needs Political Will’- Kagame

Over 1,500 business leaders come together to make African economic integration a reality at the 7th edition of the largest international meeting of Africa’s private sector. The Africa CEO’s business meeting kicked off this morning March 25 through March 26 in Kigali, Rwanda, with President Paul Kagame joined by President Sahle-Work Zewde of Ethiopia and […]

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 […]

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