New report roots for more internet use and digitisation to spur Africa's growth

ADDIS ABABA – Many African countries have made significant progress towards creating an Internet sector, with broad reforms that focus on increasing broadband availability. There have been further successes within...

Kenya has shown economic resilience amid uncertainty - central bank chief


NairObi – Kenya’s economy has displayed “extraordinary resilience” in the face of political uncertainty, the central bank governor said yesterday, attributing that to its diversity and small and medium enterprises.

Azam TV wins rights to broadcast CECAFA tournament

Azam Television has won the right to broadcast the upcoming CECAFA Senior Challenge Cup, which slated to run from December 3-17 in Kenya.

Rwanda, Cape Verde sign bilateral air service agreement


The local business community will soon be able to easily explore more Western African markets following the signing of a bilateral air service agreement between the Government of Rwanda and...

PTA Bank rebrands to Trade&Devt Bank, pledges more support for Comesa devt initiatives


Eastern and Southern African Trade and Development Bank, commonly known as PTA Bank, has rebranded to Trade and Development Bank (TDB).

Fewer retail investors for govt’s Rwf10bn 7-year TB issuance

Appetite for government paper was mixed among all investor segments for the Rwf10 billion seven-year Treasury bond issued on Wednesday, a statement from the National Bank of Rwanda (BNR) indicates.

Rwanda tipped on achieving sustainable economic growth


Rwanda should increase national savings, improve the human capital resources, as well as transform the agriculture sector to achieve its development goals and ensure sustainable growth, experts have said. Speaking...

Local traders urged to take advantage of new facilities at Mombasa port


Rwanda’s business community should take advantage of the recently installed modern infrastructure at Mombasa port to increase trade, Catherine Mturi-Wairi, the Kenya Ports Authority managing director, has said. Mturi-Wairi said...

Cost, infrastructure challenges holding back uptake of e-payments - stakeholders


Last week the central bank launched a new campaign to encourage the business community to embrace electronic payment systems. The move is one of the many efforts aimed at promoting...

How African Diaspora can seize investment opportunities back home


For many people, especially the youth, Africa is a zone of 'economic misery'. It is because of such mindset that many young people leave their countries and brave dangers in...

Drones for all: The rising need for unmanned aerial vehicles in EAC


It is projected that by 2022, the airspace will be busier with flying mini-robots as the number of commercial drones is expected to go over 620,000 while their commercial market...

NAEB awards best tea factories


Tea farmers and factories that exhibited best agronomical practices and product handling last year have been awarded by National Agricultural Export Board (NAEB).

AfDB approves Rwf144bn water and sanitation loan for Rwanda


The African Development Bank Group (AfDB) approved two loans amounting to $171 million (about Rwf144 billion) to finance Rwanda’s Sustainable Water Supply and Sanitation programme.

RAB pushes for early prevention measures after armyworms reduce maize yield by 5%

Rwanda Agriculture Board has intensified efforts aimed at fighting fall armyworms after they reduced national maize yields by 5 per cent last season.

Campaign to promote use of renewable energy launched


A campaign that seeks to sensitise the public about the dangers of using kerosene lamps, candles and other pollutants for lighting has been launched by BBOXX, a local solar home...

Tigo’s market share increases to 40% in October

The country’s mobile telephone penetration rate has increased marginally to 75.2 per cent in October, up by 0.7 per cent from 74.5 per cent the previous month, according to the...

MTN, KVCS sign deal to facilitate e-payment of parking fees in Kigali


Motorists in Kigali will now be able to pay for parking fees using the MTN Mobile Money service following the signing of a partnership deal between the telecom firm and...

Popcorn vendor wins Airtel Tunga promotion motorcycle


Pierre Nsabimana, a resident of Kagugu, Gasabo District, will no longer have to worry about where to get money for basic needs. The popcorn vendor won a new motorcycle in...

Low capacity affecting Africa’s tax bodies’ efforts to boost revenue collection - experts

Tax experts have called on governments to strengthen Africa’s revenue collection capacity for sustainable economic development. The capacity to collect revenues on the continent is still low despite the potential,...

Companies urged to embrace technology in data collection, processing


Local firms and organisations have been urged to embrace new hitech tools in data collection and processing to ensure efficiency and accuracy.

Local potato wine making venture scoops YouthConnekt award


Young people have been urged to embrace entrepreneurship as one of the ways to create jobs for fellow young people and also contribute to national development.

Kenya’s retail fuel prices hit three-year high

NAIROBI – Kenya’s energy industry regulator on Tuesday increased retail prices for diesel, super petrol and kerosene in the latest review for November to mid-December, hitting a three-year high.

African airlines urged to embrace e-commerce


African airlines have been urged to embrace e-commerce and digital technologies to become more profitable.

New initiative to promote savings culture


Efforts to promote a savings culture among Rwandans has got a boost from a new initiative to encourage the public, especially corporates, to save and invest.