This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
The centre aims to provide entrepreneurship skills training, leadership development and engaging opportunities for young aspiring entrepreneurs from rural areas
Patience Mutesi will be the new Managing Director of BPR Bank Rwanda, a subsidiary of KCB Group, replacing George Odhiambo, who was assigned new duties in KCB Group.
Flow Global a Fintech company was part of the top 50 Fintech companies identified by Inclusive Fintech 50 (IF50) as a rising and promising business that is helping to drive financial inclusion in the world.
The government of Rwanda plans to make nearly 2 million instant Zipline deliveries and fly more than 200 million autonomous kilometers by 2029.
Rwanda signed a 37-million-euro loan and a 1.2 million euro grant for a project that aims to improve Rwanda's public services through digitization and support innovations with high development potential.
This is the final credit in a series of three World Bank development policy financing operations totaling $525 million over three years.
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
Rwandan pension fund RSSB, Norfund and SOS Children’s Villages are investing in the Katapult Africa Accelerator Program. Nine agriculture and technology startups will receive funding to scale up new solutions that will both create jobs and increase food security.
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
To date, approximately USD 700 million dollars of financing has been extended by TDB in Rwanda across several sectors including transport, namely road and aviation financing, lending to financial institutions for infrastructure, healthcare and SME projects among others, and lending for electricity generation projects.
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
MTN Rwanda, in collaboration with Bank of Kigali announced the launch of ‘Macye Macye’, which is a Device Financing program that will be funded by the Bank of Kigali and will allow MTN Rwanda customers to purchase smartphones and tablets on credit from any MTN Service center, franchisee shop, or other retail distribution point.
DoctorAI is a HealthTech and Artificial Intelligence-based company, officially registered in November 2021, founded by two Rwandans medical doctors ,Dr. Kevin MURAGIJIMANA & Dr. David NDAYISHIMIYE.
Africa Data Centres has revealed plans to build its first data centre in Kigali, Rwanda. The data centre will have 2MW of IT load and will be purpose-built to meet growing demand in the region.
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
Hantec Financial, a multinational corporation based in Hong Kong with a focus on providing professional financial services to global clients, announced its ongoing global expansion into Rwanda.
Small businesses are the engine of the East African economic growth, employing millions and opening up the member states to interact with each other through seamless trade.
Africa Business Communities Forum: Quels seront les pays Africains plus performants sur le plan économique en 2022?
Africa Business Communities s'est entretenu avec plusieurs entrepreneurs et fondateurs au cours des premiers mois de l'année, et ils ont voté pour déterminer quels pays africains seront les plus prospères en 2022.
The event brought together over 200 investors, gathering to see 7 of the most innovative agri-tech startups tackling value-chain inefficiencies and impact on the continent.
Africa Business Communities talked to several entrepreneurs and founders in the early months of the year, and they cast their votes on which African countries will thrive best in 2022.
[East Africa Business Week] Bob Koigi: Region warms up to the hospitality industry’s expansion binge
Global respected hotel brands are expanding their footprint and have identified Africa as a key investment destination with the East African region catching their attention for its MICE, business and leisure growth potential.
Vanu Multi-band, multi-standard radio access node addresses power, cost and maintenance challenges that have made it difficult for network operators to serve rural markets.
The Smart Africa Alliance is now counting Bantoo as a new start-up member, Bantoo recently joined the alliance to advance the technological developments on the continent.
Rising Academies has announced the close of a $4.25m Series A investment led by Klett Kita & Schule GmbH for quality education in Africa.
Bank of Kigali (BK) says it has recorded increased uptake of its mobile banking services following the launch of new digital customer onboarding and lending features.
BMZ s'est engagé à verser 39,5 millions d'euros au Rwanda, pays d'Afrique de l'Est densément peuplé est l'un des pays d'Afrique les plus durement touchés par le changement climatique.
MTN has launched the MTN Skills Academy to develop people across the continent as producers, consumers and innovators of digital technologies.
Eight countries have commenced guided trading under African Continental Free Trade Area (AfCFTA).
The Smart Africa Alliance welcomes AFRALTI as an academia member to advance Smart Africa Digital Academy initiatives.
The Novo Nordisk Foundation and the United Nations World Food Programme (WFP) have sealed a partnership to further advance WFP's homegrown school feeding and smallholder farmer support programmes in Rwanda and Uganda.
GIGA is a UNICEF-ITU global initiative to connect every school to the Internet and every young person to information, opportunity, and choice. Launched in 2019, GIGA sets the goal of providing connectivity to every school in the world.
Successful deployment and adoption of mobile financial services is associated with a positive impact on GDP growth in developing markets. This is according to new research from Vodafone Group, Vodacom Group, Safaricom, and the UNDP
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
[Rwanda] UK DIT report highlights potential for digital growth in Africa through affordable mobile access
A report from the United Kingdom’s Department for International Trade (DIT) highlights the potential of mobile and digital services to grow African economies and deliver improved quality of life across the continent.
Kenyan agency banking as a service provider Tanda is expanding its operations regionally after closing a seed funding round last month.
Eutelsat, Sentech, France24, Liquid Intelligent Technologies, AFP to attend broadcasters convention in Kigali
Themed: ‘Digital Broadcasting – Promoting Our Values And Enriching Our Lives”, the convention had participants discussing and taking essential decisions on content, infrastructure and investment for broadcasting in the converged digital space.
The GSMA Mobile World Congress (MWC) Africa is happening at Kigali Convention Center, bringing together a variety of industry sectors, business leaders and policymakers with the region’s mobile ecosystem.
South Africa’s Cape Innovation & Technology Initiative (CiTi) has opened its new East Africa office in Kigali, Rwanda, and announced a collaboration with the Allan & Gill Gray Philanthropy’s (AGGP) Jasiri Talent Investor programme and the Jasiri Accelerator.
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
In less than three years since the launch of SheInvest at the end of 2019, the European Investment Bank, EIB, has mobilised a total of €2 billion of investment to boost gender equality and women’s economic empowerment in Africa, together with its partners on the continent and through Team Europe.
Agaciro Development Fund (AgDF) Rwanda’s sovereign wealth fund, has invested over $8 million in the capital stock of the Eastern and Southern African Trade and Development Bank (TDB), becoming its latest institutional shareholder.
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
African Development Bank Vice President for Private Sector, Infrastructure and Industrialization Solomon Quaynor will join Africa's young generation of innovators, policymakers, champions and leaders at the 2022 Youth Connekt Africa Summit, taking place in Kigali, Rwanda, from 13 to15 October 2022.
HealthTech Hub Africa lance l'appel à candidatures pour l'édition 2 de programme d'accélération de start-up
Après la réussite de la première cohorte de 30 startups de 10 pays africains et sur l'excellente collaboration avec le gouvernement du Rwanda, le Hub panafricain est à recherche de la prochaine cohorte d'innovateur.
Novo Nordisk Foundation and World Food Programme launch partnership to improve food systems in Rwanda and Uganda
The Novo Nordisk Foundation has committed a $4.1 million grant to improve health, nutrition, food security and incomes for marginalized and vulnerable smallholder farming communities. The objective is to build the resilience and functionality of food systems in the most food insecure regions of both countries.
Drug stock-outs and shortage of medical equipment in health facilities in Rwanda are becoming a thing of the past, thanks to an innovation that is addressing procurement constraints.
Equity Bank Rwanda Plc has called on businesses to take advantage of the $6 billion fund available to support recovery and post Covid-19 resilience.
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.