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 […]

U.S Honors Three Rwandan Women of Courage

U.S Honors Three Rwandan Women of Courage

The U.S. Ambassador to Rwanda, Peter Vrooman, honored three Rwandan women today with the 2019 Rwandan Women of Courage award at an event at his home in celebration of Women’s History Month. The three women were recognized with the U.S. Embassy’s fifth annual Rwandan Women of Courage award for their exceptional service and leadership.  Since 2007, […]

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 […]

Jamie lee Curtis to Receive “Cinemacon Vanguard Award”

Jamie lee Curtis to Receive “Cinemacon Vanguard Award”

By Michael Sandoval Jamie Lee Curtis will receive this year’s “CinemaCon Vanguard Award.” Mitch Neuhauser, Managing Director of CinemaCon, announced the award today. Curtis will be presented with this special honor at the “CinemaCon Big Screen Achievement Awards” ceremony taking place in Las Vegas on Thursday, April 4, at The Colosseum at Caesars Palace, hosted […]

‘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 […]

Rwanda, Germany Embark on Training Bird Guides

Rwanda, Germany Embark on Training Bird Guides

A training exercise organized for 35 local birding guides has started this weekend in an aim to improve the bird watching experience in Rwanda. Led by British expert birder Malcolm Wilson, the guides will be trained on bird watching techniques, photography, ringing, breeding biology, tourism and presentation. Each local guide received bird watching books 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 […]

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 […]

Africa Focused Health-tech Start-up Named World’s Most Innovative in 2019

Africa Focused Health-tech Start-up Named World’s Most Innovative in 2019

Talamus Health Inc. an Africa focused health-tech business, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies (MIC) for 2019. The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s volatile world. Half of the companies […]

Dangote Leads Private Sector to Improve Africa Health Business

Dangote Leads Private Sector to Improve Africa Health Business

GBCHealth, Aliko Dangote Foundation and the UN Economic Commission for Africa jointly held the inaugural Africa Business: Health Forum aimed at a strong appeal for greater collaboration between the private and the public sector on health outcomes. The Forum held on the margins of the 32nd African Union Summit, saw the launch of the African Business […]

Java House Opens 2nd Joint in Rwanda

Java House Opens 2nd  Joint in Rwanda

East Africa’s leading coffee and food chain, Java House Group this Wednesday launched its second Rwanda branch in Kigali city. The Remera-based Java House branch makes it the 63rd branch in East Africa. The first Java House located at Kigali Heights building was opened of 12th January, 2017. The branch opening is in regard to Java’s robust […]