Europe Stocks Gain on China Lift; Yen, Gold Slip: Markets Wrap

Europe Stocks Gain on China Lift; Yen, Gold Slip: Markets Wrap

The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for the March quarter due to the coronavirus outbreak in China. The pound fell after Prime Minister Boris Johnson’s envoy attacked the EU’s stance ahead of trade talks. European equities climbed alongside U.S. index futures on Monday following […]

First Mideast Nuclear Reactor is one step to Startup

First Mideast Nuclear Reactor is one step to Startup

The United Arab Emirates took the last step toward switching on the Arab world’s first commercial nuclear power plant, even as the country prospers by producing and selling fossil fuels. The U.A.E.’s regulatory watchdog gave long-awaited approval on Monday to the operator of the Barakah reactor, nudging the U.A.E. to the brink of membership in […]

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 […]

Abbott Expands in Africa, Opens East Africa Headquarters in Kenya

Abbott Expands in Africa, Opens East Africa Headquarters in Kenya

Abbott, a leading global healthcare company, announced today the opening of its second office in sub-Saharan Africa at The Watermark – Nairobi Garage Business Park. The new office will function as the headquarters for the company’s operations in East Africa and is intended to support expanded growth opportunities for Abbott, both locally and in the […]

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 […]

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 […]

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 […]

Edmonton Family Donates to Cancer Care In Rwanda

Edmonton Family Donates to Cancer Care In Rwanda

  A few months ago, Edmonton businessman Irving Kipnes and his wife, Dianne, were planning to make a $100,000 gift to Partners In Health (PIH) Canada when they had a sudden change of mind. The couple were so impressed by the charity’s cancer-treatment centre in Rwanda that they decided to donate $5-million instead. “We were […]

Rwanda Goes Heads-On with Aviation Ambition

Rwanda Goes Heads-On with Aviation Ambition

  Rwanda’s national carrier Rwandair has announced plans to start flying to Ethiopia starting April 2019 despite financial turbulence in the aviation industry. This is part of the airlines ambitious expansion while struggling with making profits in the aviation sector among other countries in Africa. “We will fly you to Addis Ababa five times a […]

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 […]

Rwanda Signs More Air Agreements

Rwanda Signs More Air Agreements

Rwanda signed several Bilateral Air Services Agreement (BASA) with seven more nations in a bid to expand its air services and routes in Africa, Asia and Europe. The deals where signed alongside the 11th Air Services Negotiation Event (ICAN2018) in held in Kenya’s capital Nairobi from 10 to 14 December 2018. Rwanda signed agreements with […]

President Fattah Al-Sisi Follows Kagame Agenda on AU Chairmanship

President Fattah Al-Sisi Follows Kagame Agenda on AU Chairmanship

As Egypt prepares to take over the chairmanship of the African Union (AU) in 2019, President Abdel Fattah al-Sisi has sent a clear message of intent focused on greater integration, cooperation. On Fattah al-Sisi’s table is a focus on governance and the fight against corruption, two core issues at the center of the AU agenda. […]

2019: Year of US-China Rivalry in Africa

Early signs in forecast report suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the perils of Chinese debt-fuelled spending for economic stability, China will continue to broaden its engagement across the continent, with particular focus on East Africa. This is one […]

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 […]

Chinese Tourists Now Buying Rwanda Tourism Packages

Chinese Tourists Now Buying Rwanda Tourism Packages

Chinese tourists are now able to directly book tour packages to Rwanda following the launch of the ‘Visit Rwanda’ online pavilion on Fliggy, Alibaba’s travel platform that is accessed by over 500 million users in China. This follows the 31st October official launch of the first of its kind in Africa, eWTP (Electronic World Trade […]

Only 12 AU Countries Haven’t Signed AfCFTA Deal

Only 12 AU Countries Haven’t Signed AfCFTA Deal

A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough – and practical solutions – to move the process ahead. AfCFTA area aims to create a single continental […]

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