TradeMark East Africa and Rwanda Standards Board partner in a $1 million food safety and trade project
TradeMark East Africa (TMEA) has committed to fund Rwanda Standards Board (RSB) with $ 1 Million in support of projects that will enhance food safety and trade.
UK-based social impact investor AgDevCo has closed a $3 million mezzanine loan with Minimex Limited, a maize milling company.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African youth digital skills for the work force.
Africa Healthcare Network has over the years worked to change the landscape of renal care and education in Sub-Saharan Africa through the provision of dialysis services, education of clinicians and patients.
The Rwanda Ministry of Trade and Industry (MINICOM) and TradeMark East Africa (TMEA) have announced the official completion of Rusizi and Rubavu Cross Border Markets.
Liquid Telecom selects Nokia to deploy upgraded channel network in East Africa for expanded broadband services
Liquid Telecom Kenya, part of the pan-African telecoms group Liquid Telecom, and Nokia have announced a two-year partnership to upgrade their existing fiber network.
Rwandan President, Paul Kagame and Globacom's Executive Vice Chairman, Mrs Bella Disu, have initiated discussions on the use of digital technology to help the march towards economic prosperity in Africa.
The European Investment Bank, the long-term lending institution of the European Union, and Bank of Kigali have agreed their largest ever cooperation to support new business investment across Rwanda.
The Government of Rwanda and The Arab Bank for Economic Development in Africa have signed a concessional loan agreement worth 20 million to finance rural electrification project.
[Kenya] Banking industry enhances payments efficiency with automated direct debits and foreign currency clearing
The banking industry through the Kenya Bankers Association has completed three key projects to increase efficiency of the Automated Clearing House.
Investment projects, rising exports and consumption to drive Rwanda’s economic growth, Standard and Poor’s
Standard and Poor’s has affirmed Rwanda at B/B; outlook positive.
Nigeria's leading innovation centre, Co-Creation Hub [CcHUB], has officially expanded to Kigali, Rwanda with the launch of the CcHUB Design Lab.
ARED has completed the assembly of an order of 20 kiosks designed and produced by Tec-Solute GmbH in Karlsruhe, Germany, to supplement the company’s operations in Uganda and Rwanda.
RwandAir, the national carrier of the Republic of Rwanda, has extended its partnership with Amadeus, a world class passenger service solution.
East African Community leaders have lauded the regional body for the role it has played towards improving the economies of member countries.
The Airline Rep Services a General Sales Agent (GSA) company division of CVFR Travel Group has been appointed to represent RwandAir for the region of Australia/New Zealand.
The African Development Bank (AfDB) has signed financing agreements worth €115 million with the Government of Rwanda to support the Rwanda Sustainable Water Supply and Sanitation Programme.
African Infrastructure Investment Managers acquires stake in BBOXX as it expands to off-grid solar market
African Infrastructure Investment Managers has acquired through its African Infrastructure Investment Fund 3 a minority stake in BBOXX’s operations in East Africa.
Alibaba has this week trained delegates from the government of Rwanda on enabling a digital economy in a four-day workshop dubbed the New Economy Workshop.
RwandAir, the national carrier of the Republic of Rwanda has announced that it will commence flights to Addis Ababa, the capital city of Ethiopia, in April 2019.
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state.
The government of Rwanda and the World Bank Group have signed a $150 million International Development Association credit agreement to expand access to housing finance.
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.
IFC, a member of the World Bank Group, has signed a two-year $500,000 advisory project with I&M Bank (Rwanda) Plc. to expand access to finance for small and medium enterprises.
BK Group PLC has cross-listed on the Nairobi Securities Exchange (NSE) becoming the first Rwandan company to tap into the Kenyan Capital Market.
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
The government of Rwanda and Netherlands have signed Memorandum of Understanding for additional financing grant worth €22 million to support Integrated Water Resources Management Program.
A two-day Ad-Hoc Expert Group Meeting being held in Kigali is seeking to explore avenues through which financing for tourism development in the Eastern Africa region could be sustained.
With an average growth rate of 6.7% between 2013 and 2017 - double the African average - East Africa is one of the fastest growing regions in the world, accompanied by rapid social improvements
The East Africa cement market reached a volume of 14.4 Million tonnes in 2017.
CHANCEN International invests in the education costs of students in Rwanda. They can concentrate on their education while our community helps them achieve their goals.
Rwanda and World Bank have signed a $ 125 million Development Policy Operation credit agreement to support a fiscally sustainable expansion of electricity services.
Global port operator DP World and the government of Rwanda have setup a state-of-the-art logistics hub, located 20 kilometers from the capital city Kigali.
A joint study launched by the Government of Rwanda and the World Bank Group has identified four essential and interdependent drivers of future growth – innovation, integration, agglomeration, and competition.
Africa50, the pan-African infrastructure investment platform, has signed an agreement with Rwanda to develop and finance a “Digital Innovation Precinct”, including commercial and retail complexes, as part of Kigali Innovation City.
Rwanda Development Board, TradeMark East Africa sign $2.4 million deal to build local business capacity
The Rwanda Development Board (RDB) and TradeMark East Africa (TMEA) have signed an agreement that aims to help build the capacity of Rwandan businesses to tap into international and regional markets.
Oil marketer Kenol Kobil has acquired 33 service station from each of Delta Petroleum Uganda and Rwanda by asset sale.
The Government of Rwanda and the World Bank Group have signed a $20 million credit agreement to improve budget reliability and control of funds for service delivery, enhance budget transparency.
The number of enterprises have doubled in the village of Gitaraga, Rwanda, since MeshPower’s solar mini-grid was set up last May.
Boomplay, African music streaming and download service and Universal Music Group (UMG) have today announced the signing of a landmark licensing agreement covering multiple markets within Africa.
Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma have witnessed the signing of three Memoranda of Understanding between the Rwandan Government and Alibaba establishing an lectronic world trade platform hub in Rwanda.
Greenlight Planet, the global player in solar home energy products has completed a shipment of an order of 50,000 Sun King™ Home Systems for Ignite Rwanda project.
Rwanda Revenue Authority (RRA) and TradeMark East Africa (TMEA) has signed a financing agreement worth $1.57 Million. This marks the start of the second phase of the Rwanda Electronic Single Window (RESW).
The Capital Markets Authority (CMA) has granted approval for the cross-listing by introduction of Bank of Kigali Group Plc (BK), a holding company of Bank of Kigali Plc, BK Insurance, BK Capital and BKTecHouse, on the Nairobi Securities Exchange (NSE).
Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma have witnessed the signing of three Memoranda of Understanding between the Rwandan Government and Alibaba establishing an electronic world trade platform hub in Rwanda.
The African Institute for Mathematical Sciences (AIMS) launched its African Masters in Machine Intelligence (AMMI) at its AIMS Rwanda Campus in partnership with Facebook and Google.
The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s program to improve electricity supply and expand access to electricity.
EgyptAir will launch two new routes in the African continent as of the end of January 2019. The new routes are to Kigali, Rwanda and Douala, Cameroon.
Minister of Foreign Affairs of the Republic of Rwanda, Louise Mushikiwabo, has been appointed the new Secretary General of La Francophonie.
Everest, a biometry-based, value transfer company, and 1000 Alternatives, a leader in social impact development, have announced a new partnership created to accelerate blockchain innovation and spur economic development in Kenya, Nigeria and Rwanda.
Andela has announced the appointment of Clément Uwajeneza as Country Director for Rwanda. Clement joins Andela with an illustrious career in the ICT sector in Rwanda that includes over a decade of experience establishing and leading organizations that have built digital products reaching over one million Rwandans monthly.
East Africa Business Council, EABC, has appointed Hon. Peter Mathuki as the acting Executive Director following the resignation of Ms. Lilian Awinja.
East Africa Legislative Assembly is adding its voice to the debate on greening the environment.
An International Monetary Fund (IMF) staff team has completed the review of the 10th Rwanda Policy Support Instrument (PSI) supported program.
After two years of research and development, Ampersand, an electric vehicle company has announced plans to begin trials of its electric motorcycle taxi (e-Moto services in Rwanda.
The African Development Bank has approved a loan of $266 million to support Rwanda’s program to improve electricity supply reliability and expand access to electricity.
Pan-African telecoms group Liquid Telecom is supporting young entrepreneurs at the Westerwelle Startup Haus Kigali through its high-speed internet and cloud-based services.
The Government of Rwanda and the World Bank Group have signed $26.3 million grant agreement to increase agricultural productivity, market access, and food security of the targeted beneficiaries in the project areas.
The Government of Rwanda and Japan International cooperation Agency (JICA) have signed a financing agreement worth $ 24 million to support the third phase of rehabilitation of substations and electricity distribution network.
The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, have signed a financing agreement worth €42 million.
Norwegian fintech company Blockbonds has announced that in addition to the current features, users will now be able to purchase airtime in Rwanda directly from the SPENN app.
Global engineering and infrastructure advisory company Aurecon has appointed Graça Sim-Sim as its Country Manager for Rwanda.
Global alternative asset manager The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences, Abacus, a pharmaceutical company in East Africa.
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
S.Vijay Iyer, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency, MIGA, the political risk insurance arm of the World Bank Group – is set to visit Kenya and Rwanda.
The Chairperson of the African Union Commission, H.E. Moussa Faki Mahamat has approved the deployment of an African Union Election Observation Mission (AUEOM) in Rwanda as the country prepares to hold Parliamentary Elections from 2 to 4 September 2018.
Symbion Power has named Clarke Energy as the preferred bidder for two important power plants in Rwanda, which will generate power from dissolved biogas from deep below Lake Kivu.
The Forum will be held in Kigali, Rwanda on 5-8 September 2018
The Government of Rwanda and the Italian Republic have signed a Bilateral Air Services Agreement with the aim of enhancing commercial flight operations between the two countries.
In its quest to train the next generation of global entrepreneurs Alibaba Business School has unveiled a program tailored to educators in Rwanda.
BBOXX, a next generation utility, has launched a pilot to provide internet access for communities in Rwanda.
Multinational German-based transportation company Hapag-Lloyd has continued to focus on the growing market in East Africa.
The International Air Transport Association (IATA) and the Rwanda Civil Aviation Authority (CAA) have signed a Memorandum of Understanding (MoU) to partner for the improvement of aviation safety.
Fifteen teams of a total of 32 emerging African social entrepreneurs have been selected as winners of the 2018 Resolution Social Venture Challenge.
ImpalaPay Kenya and PesaChoice of Rwanda have successfully concluded pilot test of cross-border mobile money transfer on the stellar blockchain.
Standard and Poor’s (S&P), a corporate and sovereign rating agency has revised Rwanda’s outlook to positive from stable and maintained the rating at “B/B” for long and short-term.
Rwanda Parliament has passed the law determining the sources of revenue and property of decentralized entities, commonly known as Property tax.
Telcos in Rwanda are seeking mobile money interoperability approval from the relevant regulator in the country.
Africa Green Revolution Forum pulling together stakeholders in the agricultural landscape, will host a Dealroom connecting investors with business owners
The Government of Rwanda and One UN Rwanda have signed the second United Nations Development Assistance Plan for Rwanda 2018-2023 (UNDAPII)
Today the African Institute for Mathematical Sciences announces the launch of a one-year intensive African Master’s in Machine Intelligence in partnership with Facebook and Google.
Andela, the company building high-performing engineering teams with Africa's most talented software developers, has launched a pan-African technology hub in its fourth African market: Kigali, Rwanda.
President Kagame has held bilateral talks with Indian Prime Minister Narendra Modi and his delegation. The Premier has been in Rwanda on a visit aimed to strengthen further bilateral ties between Rwanda and India.
President Uhuru Kenyatta of Kenya announced in Nairobi that his country would double its shareholding in pan-African infrastructure investment platform Africa50, increasing its current investment to US$100 million.
Mr. Felipe Jaramillo has been appointed as the new World Bank Country Director for Eritrea, Kenya, Rwanda and Uganda, effective July 1, 2018.
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Africa operations as “Unimoni”.
The Volkswagen brand is expanding its engagement in Africa: It has recently started its Integrated Mobility Solutions in Rwanda that includes local vehicle assembly, innovative mobility services and a sales and service retail outlet.
Kenya’s progress in the construction of the Standard Gauge Railway (SGR) has earned praise from regional Heads of State who now want Uganda, Rwanda and South Sudan to follow suit.
Amani Institute is launching the Amani Leadership and Management for Impact program (ALMI) in Uganda.
Rwanda’s economy expanded by 10.6% in the first quarter of 2018, where GDP at current market prices was estimated at Frw 1,985 billion, up from Frw 1,816 billion in the previous year.
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets, has announced a joint venture agreement with Rwanda’s national flag carrier, RwandAir.
The Government of Rwanda and the World Bank Group have signed a $100 million credit agreement to improve the capacity of selected national public agricultural institutions.
I&M Bank Rwanda Ltd has unveiled SPENN, a free mobile banking app covering both personal and business accounts.
Thousands of MTN employees in 21 markets across Africa and the Middle East have launched the company’s annual employee volunteerism programme,
The Government of Rwanda and the Korea International Cooperation Agency have signed a financing agreement worth $6 million for and Development of Taxpayer Relationship Management System.
IFC, a member of the World Bank Group, has announced a $10 million subordinated loan to I&M Bank Rwanda to strengthen the bank’s capital base.
Rwanda is the third member state to ratify the AfCFTA, after Ghana and Kenya, and the first to do so as far as the Protocol on Free Movement of Persons and the African Passport is concerned.
Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning and the Ambassador of Germany to Rwanda Dr. Peter Woeste, have signed the new agreement on technical cooperation for a 3-year period of cooperation between both countries.