Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
The Fund for Export Development in Africa (“FEDA”), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add export development and industrialization, is pleased to announce its first close of US$670 million across its four fund strategies.
The Rwanda Film Office initiated a call for projects with a total budget of 184 million RWF to support filmmakers at various stages of production, from writing to post-production.
Prime Minister Edouard Ngirente receives Ferit Şahenk, the chairman of Doğuş Group, who is currently in the country to look for potential areas of investment, in Kigali, Şahenk announced that Rwanda will be their headquarters with plans to grow further to other African countries in the future.
[East Africa Business Week] Bob Koigi: Banking on innovations, partnerships to grow financial services sector
These developments have led to improved services and a robust sector that is shaping the region’s financial services industry dynamics.
Norrsken House Kigali has launched a new facility that will allow it to host more than 1000 entrepreneurs and innovators.
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
Carnegie Mellon University and Mastercard Foundation partner to drive youth-led digital transformation in Africa
The $275.7 million partnership with the Mastercard Foundation will significantly expand advanced engineering and technology education at CMU-Africa in Kigali.
This agreement, in line with ARISE IIP's ambition to unlock Africa's industrial potential, will support the Government of Rwanda in advancing the country's industrialisation agenda.
Six Rwanda startup companies have been selected to receive $100,000 (approx. Rwf100 million) as part of Google funding initiative for African tech companies.
The Director of West African Centre for Crop Improvement (WACCI), Professor Eric Yirenkyi Danquah, has been named the 2022 Africa Food Prize Laureate for his achievements in training African Agricultural Scientists for Africa.
Designed and developed by Centrika, a Rwandan fintech and software development company, the smart card dubbed SafariBus has for months been piloted in Musanze District and launched countrywide.
RUBiS Energy Rwanda has launched UltraTec advanced fuel technology, an additivized fuel that contains high-performance additives that increase power and fuel economy at no extra cost.
The 2022 Africa Agriculture Status Report (AASR22) was launched with a call for African governments to lead and coordinate domestic and external efforts to urgently and holistically tackle food insecurity in the continent.
Ginkgo Bioworks and RDB announce plans to develop and implement new biosecurity capabilities in Rwanda
Collaboration aims to leverage innovative biosecurity capabilities to promote global health security and accelerate the development of the regional bioeconomy
Rwanda Development Board et Arise IIP devraient mobiliser plus de 100 millions de dollars pour la construction de la nouvelle zone industrielle dans le district de Bugesera.
Commission de la Communauté Economique des Etats de l’Afrique centrale (CEEAC), en partenariat avec le Secrétariat Exécutif de la CCNUCC, l’Initiative pour la Transparence de l’Action Climatique, le Programme des Nations Unies pour le Développement (PNUD) et le Marché Commun de l’Afrique Orientale et Australe (COMESA), ont organisé le Dialogue Africain sur le Cadre de Transparence Renforcé (CTR).
The Smart Africa Alliance welcomes Cenfri as an international non-profit member to advance Smart Africa’s digital transformation initiatives.
The software lab in the Rwandan capital of Kigali is both the Munich based company's first subsidiary in central Africa and also its first R&D location anywhere on the continent.
MTN Rwanda announced the launch of MTN Unicall, a new product that is set to streamline the integration of enterprise communication services under the Unified Communications and Collaboration (UCC) product umbrella.
This service is launching soon after MTN Rwanda’s announcement that it would be launching a device financing initiative in partnership with Bank of Kigali, offering customers the opportunity to buy brand new smartphones on credit.
In a historic move for the integration process, The East African Business Council, COMESA and SADC Business Council recently launched and formed the African Tripartite Business Council.
His Excellency President Paul Kagame to Deliver Opening Keynote at MWC Africa 2022 in Kigali
La Fondation Mastercard recrute la prochaine cohorte de jeunes diplômés à travers l'Afrique et le Canada pour son programme de stages de 6 à 12 mois.
The Mastercard Foundation is recruiting the next cohort of young graduates across Africa and Canada for our 6-12 month Graduate Internship Program.
Aktif Bank Breaks Ground in the African Continent once again by opening it's first international representative office in Rwanda
As the region bets on diaspora remittances to boost respective countries’ national purses and drive economic growth across East Africa, member states are looking at cementing regional partnerships.
IFC provided record financing in Africa in fiscal year 2022 helping to develop regional pharmaceutical manufacturing, increase intra-Africa trade, expand access to climate financing, and strengthen food security among many other pressing development needs.
[Rwanda] Giving citizens digital access to their health data is a first step toward Person-Centered Health
The Governments of Rwanda and Senegal began issuing vaccination certificates for COVID-19 using the SMART Health Card standard.
The Summit discussed a raft of issues touching on the region from infrastructure development, energy transition, removing all restrictions on air transport services and strengthening the community.
[Burundi] Lancement d’un projet d’interconnexion électrique avec le Rwanda cofinancé par la BAD et l’UE
Le secrétaire permanent du ministère burundais de l’Hydraulique, de l’Énergie et des Mines, l’ambassadeur et chef de la délégation de l’Union européenne au Burundi, et le responsable-pays du Groupe de la BAD au Burundi, ont procédé au lancement du projet d’interconnexion électrique entre le Burundi et le Rwanda.
Rwanda has embraced the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) initiative, a tool that enhances project-related data collection in remote areas.
MTN Group’s Mobile Money Application Interface (API) is inviting developers across several markets to participate in an Open API Hackathon, with a challenge to create a mobile application that uses MoMo APIs for use in their markets.
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
The Government of Rwanda, in partnership with the African Development Bank (AfDB) through its Fund for African Private Sector Assistance (FAPA), has launched a 2-year project aimed at “Enhancing the Quality of Industrial Policy in Rwanda (EQuIP project).
The Government of Rwanda and Kasada have announced the acquisition of the Umubano Hotel located in Kacyiru, Kigali, Rwanda by Kasada.
MTN Rwandacell PLC (MTN Rwanda) has joined Rwanda Development Bank’s (BRD) Cana Challenge campaign by donating Ten million Rwandan Francs that will connect seven hundred (700) underserved families to green energy in Gicumbi District.
CANAL+ Group announces the acquisition of ZACU Entertainment, a major player in the production and distribution of content in Rwanda.
Four Points by Sheraton, part of Marriott Bonvoy’s portfolio of 30 hotel brands, announced the opening of Four Points by Sheraton Kigali, marking the brand‘s debut in Rwanda.
MTN Cameroon annonce la nomination de Mitwa Ng’ambi comme nouveau Directeur Général.
MTN Cameroon is pleased to announce the appointment of Mitwa Ng’ambi as the new CEO of MTN Cameroon.
To support the accelerated execution of our Ambition 2025 strategy, MTN Group is pleased to announce the appointment of new CEOs for operations in Cameroon, Rwanda and Uganda effective 1 September 2022.
Ten teams of innovators from across Sub-Saharan Africa have been named finalists in the Afri-Plastics Challenge with solutions for reducing plastic usage.
Africa50, AfDB and African Sovereign Investors Forum to jointly mobilize capital for infrastructure projects
The African Development Bank, Africa50, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on developing green and climate resilient infrastructure projects across Africa.
The World Circular Economy Forum will, for the first time, take place on African soil in 2022, bringing together participants from around the world to absorb lessons from the continent and the wider global south toward building a more resilient and greener global economy.
Equity Group Holdings has confirmed its participation in the upcoming Commonwealth Heads of Government, Commonwealth Business Forum meeting as an Anchor Partner with a sponsorship of Three hundred thousand dollars ($300,000).
[East Africa Business Week] Bob Koigi: South Sudan remains a strategic player in the region’s petroleum industry
Owing to its strategic position at the heart of a wider Nile Basin-East Africa hydrocarbons-rich area, South Sudan is emerging as the hub for petroleum industry services and exploration in the region.
As the Internet Society (ISOC) celebrates its 30th anniversary as a global nonprofit advocating for an open, globally-connected Internet, the organization is calling for accelerated action to further Internet development throughout the African region.
Digital Cooperation Organization completes inaugural Rwanda Visit and launches Global Roundtable Series
A delegation from the Digital Cooperation Organization concluded the organization’s inaugural visit to Rwanda by announcing the DCO Global Roundtable Series, an initiative that will bring together global digital economy leaders to develop an action plan for digital prosperity for all.
MTN Rwandacell Chief Executive Officer with Ericsson’s Senior Vice President, Chief Technology Officer and Head of Strategy on the side lines of the annual Broadband Commission meeting where they discussed their long-term partnership.
The pilot project aims to give 100,000 refugees in Rwanda access to financial services through mobile phones.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
MTN Group is pleased to announce that it will be an anchor sponsor at the upcoming Commonwealth Business forum (CBF) scheduled to take place from 21 – 23 June 2022, in Kigali, Rwanda.
Un nouvel accord pour améliorer la santé et l'équité en matière de vaccins pays en voie de développement
L'Accord pour un monde plus sain est dirigé par Pfizer et offrira tous ses médicaments et vaccins protégés par des brevets, y compris le vaccin COVID, qui sont disponibles aux États-Unis et dans l'Union européenne, à titre non lucratif, à 1,2 milliard de personnes dans 45 pays à faible revenu.
An Accord for a Healthier World is led by Pfizer and will offer all its patent-protected medicines and vaccines, including the COVID jab, that are available in the US and the European Union on a not-for-profit basis to 1.2 billion people in 45 lower-income countries.
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
RSwitch Ltd in collaboration with Mobile Money Rwanda Ltd and Airtel Mobile Commerce Ltd are pleased to announce the launch of eKash to facilitate interoperability between mobile money operators.
The Basketball Africa League (BAL) announced a series of youth development, community service and business events that will take place during the 2022 BAL Playoffs and Finals, which tip off at Kigali Arena in Rwanda.
The OPEC Fund is providing a US$18 million loan to the government of Rwanda to support the “Nyacyonga–Mukoto Road Project”, helping to improve living standards and economic livelihoods in the country.
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
A new report co-authored by the African Development Bank and the Global Green Growth Institute, has found evidence of growing political commitment to green growth in Africa.
Rwanda is on its way to becoming "a living laboratory of emerging technologies" by leveraging its new Center for the Fourth Industrial Revolution (C4IR).
IFC announced a loan to I&M Bank Rwanda, to help the bank increase lending to potentially thousands of Small and Medium Sized enterprises in Rwanda, many of which are facing COVID-19-related liquidity challenges.
African Export-Import Bank (Afreximbank) and the Republic of Rwanda signed key documents related to the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank.
The World Bank approved $150 million in financing to improve access to modern energy for households, enterprises, and public institutions in Rwanda and to enhance the efficiency of electricity services.
The World Bank has appointed Mr. Keith Hansen as the new Country Director for Kenya, Rwanda, Somalia, and Uganda effective September 8, 2020.
An economist and development expert, Aissa Touré a Senegalese national, brings to the Bank over 25 years of experience, working in three continents and 12 countries for 5 international organizations.
The World Bank approved $150 million in IDA financing for a program of policy and institutional reforms intended to accelerate human capital development for inclusive economic growth in Rwanda.
MTN Rwandacell PLC has released its first quarter results for the period ended 31 March 2022 through the Rwanda Stock Exchange.
Jeannette Karemera is the CEO of Inuma Technology, a company in Rwanda that builds new generations of products that are unique, smart and radically helpful.
It is with great excitement that the Africa CDC announces its second Annual International Conference on Public Health in Africa (CPHIA 2022), which will take place from 13-15 December 2022 in Kigali, Rwanda.
MTN Rwanda partners with Living Water International-Rwanda to construct boreholes serving 500 families
MTN Rwanda has signed a MoU with Living Water International-Rwanda, to provide drinking water to 500 families, through the construction of ready to use boreholes to be completed by 30 June 2022.
Kwely Inc. a finalisé un cycle de financement de démarrage d'un million de dollars avec une injection de 700 000 dollars de capitaux frais dirigée par WIC Capital avec la participation de Loftyinc Capital, Afropreneur Angels, Haskè Ventures et d'autres investisseurs providentiels.
African B2B marketplace Kwely Inc. finalized a $1 million seed funding round with a $700,000 injection of fresh capital led by WIC Capital with participation from Loftyinc Capital, Afropreneur Angels, Haskè Ventures and other angel investors.
CcHUB in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation has announced the nine startups selected for the Fintech Incubation Programme.
The African Development Bank (AfDB), approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda.
Le Cameroun se prépare à participer à la mission économique de la Francophonie au Rwanda et au Gabon en juillet 2022.
The Rwandan government has consistently and deliberately worked to nurture progressive technology-oriented ideas from its youthful population.
Centres for the Fourth Industrial Revolution shape new policies and strategies in technology governance that enable agile implementation and iteration via a fast-growing network of national and sub-national centres.
Smart Africa’s capacity building arm, The Smart Africa Digital Academy (SADA) in partnership with Rwanda’s Ministry of ICT and Innovation have launched a national digital academy in the country, marking the official kick off of in-country implementation of the initiative.
Buy-now-pay-later (BNPL) company Lipa Later operating in Kenya, Rwanda, Uganda and Nigeria, has announced it will be offering all it’s employees 6-month paid maternity leave effective April 1st 2022.
Located in the pristine and calm hills of Nyarutarama, Kigali’s most esteemed neighbourhood, Century Park Hotel and Residences is an all-in-one mixed-use residential and leisure park.
The expansion of Nigerian fintech Paga to Ethiopia through a partnership with the Bank of Abyssinia is the latest in a growing list of digital financial services investments in the region.
MTN Rwandacell Plc (MTN Rwanda) launched the 3rd edition of Connect Women in Business (CWiB) Initiative ahead of Women’s month in March in partnership with the National Women Council, AEE and NUDOR.
MTN Rwandacell Plc (MTN Rwanda), has rebranded to reflect its evolution from Rwanda’s most valuable telecommunications provider to the nation’s leading digital technology company.
To help strengthen Rwanda's tourism sector and create jobs, IFC announced a partnership with 3B Group of Hotels to support the company's expansion and the upgrading of its existing lodges in the country.
East African member states, private sector players and development partners have stepped up their investment in women-led businesses and SMEs in a move likely to impact cross-border trade and boost integration in the region.
African presidents launch Global Fund's $18b campaign to restore progress against AIDS, TB and Malaria
The Global Fund to Fight AIDS, Tuberculosis and Malaria and presidents of five African countries launched the Global Fund’s Seventh Replenishment campaign to restore progress against AIDS, TB and Malaria.
Bank of Kigali goes live on Temenos platform to power faster, smarter digital banking while scaling to one million retail and SME customers in Rwanda.
Bloomberg Philanthropies announced a partnership with CARE to expand existing Village Savings and Loans Associations (VSLAs) for agricultural funds in Tanzania, Rwanda, and Democratic Republic of the Congo
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
Bloomberg Philanthropies and CARE to support women small business owners in East Africa with Village Savings and Loans Associations
The partnership will enable women who own small agriculture-based businesses to build capital and access credit to invest in and grow their businesses, ensuring long-term economic sustainability for themselves and their families.
BioNTech introduces first modular mRNA manufacturing facility to promote scalable vaccine production in Africa
BioNTech has taken a next step to improve vaccine supply in Africa by introducing its approach to establishing scalable vaccine production by developing and delivering turnkey mRNA manufacturing facilities based on a container solution.
African digital payments company DPO Group has partnered with Bank of Kigali to onboard e-Commerce merchants for the bank, in Rwanda.
As the East African nations continue to make oil and gas discoveries, investors and multinationals are pitching tent in the region on an exploration binge with governments betting on the newfound resources to grow national and regional economies.
Liquid Intelligent Technologies welcomes the landmark decision made by the Independent Communications Authority of South Africa (ICASA) concerning the porting of non-geographic numbers.
As the East African Community, EAC, member states eye innovative ways of deepening integration and trading more with each other, the bloc and individual countries are putting in place mechanisms, policies and legislation that seek to address longstanding hiccups that have put the brakes on seamless regional trade.
This festive season Liquid Intelligent Technologies Rwanda, a business of Cassava Technologies, is bringing cheer to its customers by increasing internet capacity on existing home packages while keeping it at the same price.
The leading provider of digital services in Rwanda, Liquid Intelligent Technologies partnered with the Rwandan Ministry of ICT & Innovation and Rwanda Development board to provide seamless connectivity at the Hanga Pitchfest 2021
Processes originally aimed at speedy application development are giving manufacturers the tools to build the next generation of urban-flight and space vehicles in Africa.