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 […]

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 […]

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 […]

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 […]

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 […]

Rwanda Registers over US$ 2 billion Worth of Investments in 2018

Rwanda Registers over US$ 2 billion Worth of Investments in 2018

The Rwanda Development Board (RDB) in 2018 registered 173 investment projects in Rwanda worth US$ 2.006 billion against a US$ 2 billion target, set for the year. This is an increase of US$ 331 million or approximately 20%, when compared to the investments registered by RDB in 2017. During 2017, US$ 1.675 billion worth of […]

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 […]

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 […]

Bill Gates, UK, Cananda Inject $350m in Family Planning Funding

Bill Gates, UK, Cananda  Inject $350m in Family Planning Funding

  The Bill Gates family, United Kingdom’s Department for International Development (DfID), Canada have taken a lead in pooling Family Planning funding in the wake of dire need for funding programmes in developing countries Bill & Melinda Gates Foundation launched a commitment of $18 million family planning fund, to be managed by UNFPA Supplies, for […]