Alibaba founder Jack Ma set to visit Rwanda

Chinese business magnate and investor Jack Ma is scheduled to visit Rwanda on 31 October, to meet with local investors to explore opportunities available in various sectors, an authoritative source revealed Tuesday in Kigali. Among the key sectors of investment Ma is set to focus is tourism, electronic payment and education between Rwanda and China, a statement issued by the...

Atlas Mara Chairman Steps Down

Bob Diamond is stepping down as chairman of Atlas Mara as the pan-African banking business he helped to create also said it was reviewing the future of all of its operations. The former Barclays chief executive will stay on at Atlas Mara as a non-executive director while the group, whose shares...

Angolan President leaves France with more than $ 1.16 billion investment agreements

Angola will benefit from an investment portfolio of more than $ 1.16 billion, Angop news agency reported on Wednesday. According to information published by the media, this amount obtained from several economic partners, after the visit of the Angolan president in France, will be invested in several sectors such as agriculture, trade, oil, and Training. Thus, $ 116.6 million should be...

World Bank reopens direct engagement with Somalia after three decades

Somalia has received succour from the international money lender, World Bank for the first time in over three decades. This historic support from World Bank is the second significant intervention by the global lenders in the horn of Africa within one month and this, in particular, will be injected into the economic recovery plan of the country’s central government. The...

Kenya: Officials accused of corruption in flagship rail project

Kenyan authorities have arrested several senior officials on suspicion of corruption over their management of a flagship $3.2bn railway project. The National Prosecution Authority said in a statement on Saturday that it had agreed to charge 14 civil servants and business people, as well as three companies, over compensation for land purchased for the construction of the Chinese-funded line linking...

VW announces plan to start assembling vehicles in Ghana

Volkswagen and Ghana have signed a memorandum of understanding with a view to establishing a vehicle assembly facility in the African country. Thomas Schaefer, managing director of Volkswagen South Africa and head of the Sub-Saharan region for the German brand, signed the memorandum with Alan Kyerenmaten, Ghana’s minister of trade and industry, in the presence of Angela Merkel, chancellor of...

RSB, USAID raise Private Sector’s awareness on quality Standards and Certifications

The United States Agency for International Development (USAID), through its Private Sector Driven Agricultural Growth Project (PSDAG), and the Rwanda Standards Board (RSB, have trained PSDAG-Supported SMEs on quality Standards and systems certifications. On Friday PSDAG and RSB brought together supported SMEs, Cooperatives and Business associations operating in various agricultural value chains as part of an...

Kenya: President Kagame Jets in for Northern Corridor Integration Projects Summit

President Paul Kagame of Rwanda is in Kenya where along with Ugandan President Yoweri Museveni as well as a Special Envoy of President Salva Kiir of South Sudan will today be hosted by their Kenyan counterpart, Uhuru Kenyatta in the 14th Summit of the Northern Corridor Integration Projects (NCIP) aimed at speeding up development of infrastructure in the East...

Rwanda’s GDP grows by 6.7 percent in the second quarter of 2018

Kigali, 18 September 2018 - Rwanda’s GDP at current market prices was estimated at Frw 2,000 billion in the second quarter of 2018, up from Frw 1,869 billion in Q2 2017, data released on Wednesday by the National Institute of Statistics of Rwanda (NISR) show. Rwanda's GDP in the second quarter of 2018 was 6.7 percent higher compared to the...

DUHUGURANE MU IHEREKANYAMAKURU

Ukabona ukora mu kigo runaka wenda murategura igikorwa runaka cg muragiteganya nyamara abafatanyabikorwa banyu cyangwa Abanyarwanda ntibabizi nyamara wifuza kubibagezaho. Ikibabaje hari benshi birengagiza Akamaro k'Ibinyamakuru mukubatambukiriza Itangazo rigenewe Abanyamakuru rimenyesha ibyakozwe cyangwa ibiteganya gukorwa kugira ngo nabo barigeze kuri rubanda. Hari n'abahura n'Ikibazo cyo kubura amafaranga bishyura ngo itangazo ritambuke ngo barahendwa. Ngamije kukubwira ko udakwiye kongera guhangayika...

Ecobank, the Pan African Bank, appoints MFS Africa Ltd as Digital payment partner

The customers of Ecobank, the Pan-African Banking Group in 33 African countries, can now transact with over 170 million mobile wallets across the continentLOME, Togo, December 12, 2018/ -- Ecobank, The Pan-African bank announced today the appointment of MFS Africa  as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The...

Kenya: Nakumatt Exits Mombasa As Last Outlet Closes

Struggling Nakumatt Holdings, once the region's largest regional retailer, has exited Mombasa following closure of its Likoni branch, which was its last remaining store in the tourist hub city. Nakumatt was forced out of the Likoni space in early August following a court order issued in June that gave the retailer 60 days to vacate the premises. The supermarket chain was...

Rwanda: Belgium will now pay taxes

Belgian Development Cooperation Minister Alexander De Croo will sign two new cooperation agreements with Guinea and Rwanda on Tuesday. In particular, they provide that Belgium will now pay import taxes and the local purchase of goods and services in its 14 partner countries. If "the strengthening of human rights and sustainable and inclusive economic growth are now at the heart...

AfDB Debars Company and its Managing Director for Fraudulent Practices

The Office of Integrity and Anti-Corruption of the African Development Bank found the company and its Managing Director to have engaged in several fraudulent practicesABIDJAN, Ivory Coast, January 23, 2019/ -- The African Development Bank Group on January 23, 2019, announces the debarment of ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and...

What could women do with $ 3 billion?

Keynote Speech Delivered by Dr. Akinwumi Adesina, President, African Development Bank, at the Inauguration of Canada’s Financial Development Institution (FINDEV Canada), Montreal, Canada, September 17, 2018 Your Excellencies, distinguished ladies and gentlemen. Good afternoon! It is such a great pleasure to be here for this landmark occasion. Let me first congratulate Prime Minister Justin Trudeau; Minister of International Development, Marie Claude...

Amb. Mujawamariya Urges Moscow To Encourage Russian Private Investment Into Africa

Africa calls on the Russian government to encourage the country's private investment into the continent, Jeanne d'Arc Mujawamariya, the ambassador of Rwanda to Russia, said on Monday. "We urge the government of the Russian Federation, our host, to take another step further and encourage the Russian private sector to go to Africa as the continent of investment, as the continent...

Understanding Bitcoin in Kenya during the Festive Season

Paxful, a global peer-to-peer bitcoin marketplace, boasts more than 6 million trades in Africa for 2018 and reports that African users are leading on the website’s activityNAIROBI, Kenya, December 21, 2018/ -- Bitcoin concept was conceived barely a decade ago, and it remains as one of the most misunderstood yet widely known cryptocurrency. Reluctance to embrace this...

Equatorial Guinea to host AfDB’s 2019 Annual Meetings in Malabo

The Bank’s Annual Meetings represent a unique opportunity to discuss challenges and ways to advance the continent’s regional integration agendaABIDJAN, Ivory Coast, March 4, 2019/ -- Equatorial Guinea will host the African Development Bank’s next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the two parties. The Annual Meetings...

Kigali, Kinshasa to sign Air Transport Agreement Soon

Kinshasa, March 20, 2019 (ACP)-The president of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo had an African Union work session on Tuesday, with a mixed delegation composed of Experts From the Democratic Republic of the Congo and those of the republic of Rwanda, who came to report on the process to achieve an...

South Sudan signs Agreements to gain Technical Assistance to its Petroleum Sector

This technical assistance will support South Sudan in building an enabling environment for business and a world-class oil industry for the benefits of all citizens and investorsJUBA, South Sudan, January 30, 2019/ -- The Chamber will mobilize capacity building initiatives; it will work on reforms to boost an enabling environment...

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Buhari hosts Emir of Qatar, urges him to invest in Nigeria

President Muhammadu Buhari on Tuesday received the Emir of Qatar, Sheikh Tamim bin Hamad Al-thani, at State House, Abuja, urging him to...