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British startup to open ‘Solar Business Parks’ in Rwanda

ARC Power, a British startup, said on Thursday, November 26, it will set up new ‘Solar Business Parks’ – a collection of solar-powered buildings – in rural Rwanda in its latest initiative. The Parks are typically built on land belonging to rural communities and support...

Thursday, November 26, 2020, 6:47 PM

Is Airtel Rwanda playing 'dirty' in new Advertising campaign?

Airtel Rwanda recently launched a new advertising campaign which has been interpreted as targeting clients on its rival MTN network. This has triggered mixed reactions from the public owing to the nature of the campaign. Although the ad does not explicitly mention the rival by name, it uses the...

Thursday, November 26, 2020, 12:00 AM

UK economy to see worst contraction in 300 years

The UK economy is set to contract by 11.3 per cent in 2020, the worst in 300 years, Rishi Sunak, the Chancellor of the Exchequer confirmed on Tuesday as he presented the country’s spending plan to the parliament. The gross domestic product slump will be worse than the recession of 1921,...

Wednesday, November 25, 2020, 4:43 PM

Inside Rwanda’s Centre for Fourth Industrial Revolution

Rwanda is now home to the Centre for the Fourth Industrial Revolution, thanks to the collaboration between the government through the Ministry of ICT and Innovation, and the World Economic Forum. The centre is one of the many operating across the world, working to promote emerging technologies...

Wednesday, November 25, 2020, 12:00 AM

What Nyamasheke elderly woman left for President Kagame in her will

In a remote village of Bushekeri, Nyamashake District, a small group of people mostly from the Association of Widows of the Genocide against the Tutsi (Avega Agahozo), gathered on Tuesday to fulfill a promise made by a genocide widow before dying. The deceased genocide widow, Marianne...

Wednesday, November 25, 2020, 12:00 AM

What hosting the continental export fund means for Rwanda

Rwanda will be the permanent home to the Fund for Export Development Fund in Africa (FEDA), thanks to the agreements signed over the weekend between the government and the African Export-Import Bank (Afreximbank). On Sunday, November 22, the two parties entered three agreements that will see...

Monday, November 23, 2020, 4:25 PM

AstraZeneca, Oxford Covid-19 vaccine shows 90% effectiveness

A Covid-19 vaccine being developed by the University of Oxford and AstraZeneca was proven to be 90 per cent effective in treating infections with no serious side effects, the company said on Monday. AstraZeneca said no hospitalisations or severe cases of the disease were reported in participants...

Monday, November 23, 2020, 11:39 AM

Rwanda to host continental export development fund

A new fund that was created by the African Export-Import Bank (Afreximbank) last year, the Fund for Export Development in Africa (FEDA), will have its permanent headquarters in Rwanda. This follows the signing of three agreements between Rwanda and Afreximbank on Sunday, November 22 in Egypt,...

Sunday, November 22, 2020, 5:30 PM

Kagame calls for equitable distribution of Covid-19 vaccine

President Paul Kagame has told global leaders that the world should come together in the fight to end the Covid-19 pandemic through equitable distribution of vaccines. He was speaking during the virtually-held G20 summit, which he addressed on behalf of the New Partnership for Africa's...

Saturday, November 21, 2020, 10:55 PM

Peace is a prerequisite for development - Kagame

President Paul Kagame on Friday, November 20, told regional heads of state that peace and security was the most important element to ensure the region thrives. He was addressing a heads of state summit held virtually under the auspices of the International Conference on the Great Lakes...

Friday, November 20, 2020, 6:52 PM

Rwanda added to UK travel corridor list

The UK government has added Rwanda to its travel corridor list, enabling citizens from Rwanda to travel to the UK without having to quarantine. The announcement was made by Jo Lomas, British High Commissioner to Rwanda in a video posted on Twitter by British High Commission in Kigali....

Friday, November 20, 2020, 7:55 AM

Rwanda’s garment export revenues hit record high

Rwanda’s textile and garment sector has recorded unprecedented growth since 2018 when the US government suspended Rwanda from the list of countries whose apparel exports enter the American market duty-free. Donald Trump’s administration suspended duty-free status for Rwandan apparel...

Friday, November 20, 2020, 12:10 AM

Kenya's Banking Tycoon Mwangi to build Kigali Financial Towers

Rwanda’s plans to fully develop the Kigali International Financial Centre (KIFC) could be edging closer to realization following a development which will see Kenyan businessman James Mwangi set up financial towers in Rwanda. The project, Kigali Financial Towers, was approved by the cabinet...

Thursday, November 19, 2020, 1:03 AM

New company law to boost investor appeal – RDB

The new draft law amending the existing law could help attract new investments to the country if all proposed changes by the Government are approved by the parliament. The amended law seeks to improve the existing one and create an enabling legal environment for the Kigali International...

Monday, November 16, 2020, 6:32 AM

Zigama CSS cuts interest rate on mortgage loans

Zigama Credit and Savings Society (Zigama CSS) has slashed interest rates from 15 per cent to 10 per cent on mortgage loans to make it affordable for members to own homes. The cooperative bank’s management indicated during the General Assembly of members on Friday, November 2020 at the...

Friday, November 13, 2020, 4:25 PM

Cabinet approves new draft presidential orders on nuclear industry

The cabinet on Wednesday, November 11, approved three presidential orders on accession of Rwanda to different international treaties relating to the nuclear industry, ushering the country into the future of the nuclear industry. The approved presidential orders relate to nuclear accidents, fuel...

Thursday, November 12, 2020, 12:26 PM

Govt to provide incentives to mining exploration companies

Rwanda says it has put in place an incentive package that seeks to attract investors to invest in mining exploration activities, part of the drive to strategically reposition the country’s mining sector in the region. The new incentive package was announced Tuesday, November 10, ahead of...

Wednesday, November 11, 2020, 12:57 AM

UK’s TechMet to invest $20 million in Rwanda’s mining sector

TechMet, a UK-based mining company, will deploy more capital worth $20 million (about Rwf19.5 billion) in its Rwanda operations in the next two years, Brian Menell, the firm’s Chief Executive said on Tuesday, November 10. Menell, a South African renowned businessman in mining, oil and gas...

Tuesday, November 10, 2020, 11:16 AM

VIDEO: Kigali's recreational projects will transform city life—And they are ready for investors

There are deliberate efforts to transform Kigali into a recreational and environmentally friendly city that is full of life and opportunities for residents and visitors. From the beautification of roundabouts, establishment of themed and amusement parks, to development of tourism projects and...

Tuesday, November 10, 2020, 1:31 AM

What the Biden presidency would mean for Africa

The United States of America is probably at the edge of a highly contested presidential election, which has seen many prominent media organisations and experts project Joe Biden as the country’s next president. That is despite the fact that the current president Donald Trump has proved...

Tuesday, November 10, 2020, 1:22 AM

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