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 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 […]

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 […]

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

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 […]

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 […]

Africa CEO Forum 2019 In Kigali With Big Names

Africa CEO Forum 2019 In Kigali With Big Names

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 meeting will be held on March 25 and 26 in Kigali, Rwanda, with leading decision-makers from industry, finance and politics, will come from more than 70 countries to […]

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 […]

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 […]

Africa’s Richest Man Goes for Kenya Cement

Africa’s Richest Man Goes for Kenya Cement

Aliko Dangote, Africa’s richest man and owner of Dangote cement in Nigeria, has revealed to be among bidders for Kenya’s struggling Athi River Mining Cement (ARM); a cement maker company currently under the administration of accounting firm Price water house Coopers (PwC). The Nigerian business man, without naming the acquisition target; which in his opinion […]

Rwanda, AfDB Calls for More Awakening of ‘Sleepy Africa Giant’

Rwanda,  AfDB Calls for More Awakening of ‘Sleepy Africa Giant’

Rwanda Minister of Finance has called for increased contributions to Africa Development Fund (ADF) to finance Africa’s Development Agenda Africa offers more opportunities for investments than ever before, the Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana has said. Ndagijimana attributed this rise to increasing young population, middle class, unprecedented ICT penetration, regional integration, […]