Kigali News

OR Tambo International Airport, Johannesburg, South Africa

International Arrivals To Africa Reach More Than 18 Million In 2017: Euromonitor

Market Research Company Euromonitor International revealed earlier this week the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda.

Let's rebrand Africa, says Akon.

Let's rebrand Africa, says superstar artist and producer Akon (Video)

“The number one brander in the universe is the United States, ” said Akon at the insightful, entertaining, applause-heavy talk he delivered at the recent YouthConnekt Africa Summit ’17 in Kigali, Rwanda.

A Protea Hotels location now owned by Marriott International

Why Marriott's Expansion in Africa Could Mean Long-Term Gains

Marriott opened its first property in sub-Saharan Africa, the 254-room Kigali Marriott in Rwanda, in early October.

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa.

Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

African stock exchanges should focus on smaller businesses: Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

The African growth story is no longer a fairy tale. Over the past decade, multinational companies, private equity funds and infrastructure development programs have channeled capital to the continent.

A visitor takes photographs from the Ou Kaapse Weg as seasonal fog covers the city of Cape Town. Almost 7,000 visas were issued by the South African embassy in the UAE for the first seven months of this year. Credit: thenational.ae/Mike Hutchings/Reuters

Hotel developers will invest billions of dollars in African projects over the next few years

Hotel developers will invest billions of dollars in African projects over the next few years as they seek to take advantage of a fast-expanding middle class and growing business travel.

Kigali Heights, Kigali, Rwanda (Illustration)

Magnificent Kigali Heights to open in November

Kigali Heights, a new mega-commercial complex in Rwanda’s capital Kigali, has set November as the opening month for the $36 million property.

Tamassa Resort in Mauritius

Property fund Mara Delta agrees to buy Tamassa Resort in Mauritius

LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Bugesera International Airport (Illustration)

Rwanda signs $818M deal for new international airport

Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

Why African Entrepreneurship Is Booming

Why African Entrepreneurship Is Booming: Ndubuisi Ekekwe, Founder, African Institution of Technology

Last month, I visited my village of Ovim in Southeastern Nigeria. I met a painter who also manufactures the paint he uses for his work.

Sev Vettivetpillai, Partner, Abraaj Group. Credit: M&A Advisor

Dubai-based private equity firm Abraaj readies Nigerian fertilizer and East African insurance deals

Abraaj Group, a Dubai-based private equity firm, is in the final stages of approval for three transactions in sub-Saharan Africa and will probably make further investments in the region before the end of the year, partner Sev Vettivetpillai said on Thursday.

Rwanda: A new model for growth

Rwanda - A new model for growth (Infographic & Report): This Is Africa & the Financial Times

Rwanda’s transformation from the peak of its political crisis culminating in the 1994 conflict until now is remarkable. Though the country is frequently held up as a model for rapid development by politicians and development policymakers, its trajectory and political culture are unique.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Africa's planned cities and the future

One of the objectives of Sustainable Development Goals is to have sustainable cities that provide opportunities for all, including access to basic services, energy, housing and transport. Some African cities like Lagos and Kigali are on the move.

Hotel Novotel Dakar, Senegal. An AccorHotels property

Hotel development in Africa jumps 30% to 64,000 rooms for 2016

The number of planned hotel rooms for 2016 in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.

Kenya signs $5.42B railway extension deal with Chinese firm

Kenya signs $5.42B railway extension deal with Chinese firm

Kenya recently signed a multi-billion dollar agreement with China Communications Construction Company (CCCC) to extend the country’s rail network, adding to a swathe of infrastructure deals in Africa won by Chinese firms.

Shop Africa 2016: Knight Frank

Shop Africa 2016 (Report & Infographics): Knight Frank

Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.

Aubrey Hruby, Co-Founder, Africa Expert Network (AXN)

China's slowdown - An opportunity for Africa to address longstanding economic inefficiencies: Aubrey Hruby, Co-Founder, Africa Expert Network

According to the IMF, a 1 percentage point decrease in China’s investment growth is associated with an average 0.6 percentage point decrease in Africa’s export growth rate.

A Java House location

Kenyan coffee chain Java House plans to open outlets across Africa

Kenya’s Java House has 36 coffee houses and restaurants and plans to open outlets across Africa in the next five years to capitalise on rising consumer spending, its chief executive said.

Billionaire Aliko Dangote at Dangote Cement Plc's new plant in Ndola, Zambia. Photographer: Liezel Hill/Bloomberg

Cement is the new oil as Africa's richest man takes on Lafarge

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

The Co-Creation Hub Nigeria (CcHUBNigeria) in Yaba, Lagos, Nigeria. Credit: techpoint.ng

Yabacon Valley: Nigeria tech startup enclave springs up in Lagos suburb

At first glance, Yaba is like many other parts of Nigeria’s sprawling commercial capital: a cacophony of car horns and shouting street vendors mingling with exhaust fumes.

Paul Kagame has been president of Rwanda since 2000.

Rwanda MPs back scrapping presidential term limits

Parliamentarians in Rwanda have voted to support a change to the constitution that would allow President Paul Kagame to stand for a third term in 2017.

RwandAir

RwandAir to purchase two Airbus jets in expansion move

RwandAir has signed a deal with a regional African bank for a $160 million loan as part of the financing to buy two aircraft from Airbus, the airline and the bank said on Thursday.

Paul Kagame, President of Rwanda

Rwanda's ruling party RPF to amend constitution to allow Kagame third term bid

Rwanda’s President Paul Kagame’s bid to run for a third term has been endorsed by senior members of the country’s ruling party, paving the way for a constitutional amendment.

Mango Airlines

10 budget airlines changing Africa's skies

Traveling across Africa’s huge distances can be expensive. Not that long ago, getting from one city to another often meant a connection in Europe. That’s finally changing.

Into Africa - The continent’s Cities of Opportunity - PwC

Into Africa: The continent’s Cities of Opportunity - PwC (Video, Presentation, and Report)

Megatrends are colliding across Africa. The growing middle class, the strong demographic growth with improving age mix, the technological innovation that we have already seen in mobile payments for example, growing choice of investment partners from the global south and fast-paced urbanization are shaping what the future of Africa could look like.

Kenya's Two Rivers Development will be the largest lifestyle center within Sub-Saharan Africa (ex. South Africa).

Private equity firms backing surge of retail developments in East Africa

East Africa’s shopping landscape is slowly changing with the construction of multi-million dollar centres in prominent cities.

Candy Ma, a 40-year-old Chinese industrialist, has just hired 200 trainee workers at her new government-built factory in Rwanda.

Chinese manufacturers look to Rwanda as wages rise at home

Rwanda may be landlocked in central Africa and saddled with prohibitive energy costs, but it has become the latest beneficiary of a quest by Chinese manufacturers to find competitive margins as wages rise at home.

Fellows in Code Club 2015 work at the Hehe Labs headquarters at "The Office" in Kigali, Rwanda, a coworking space for young entrepreneurs.

Inside the Tech Revolution That Could Be Rwanda's Future

The small East African nation of Rwanda has progressed remarkably over the last decade.

Konza Techno City (Illustration)

Here are seven of Africa's largest infrastructure projects currently under construction (Photos)

Photos of seven of Africa’s largest infrastructure projects currently under construction.

Rwanda Stock Exchange (RSE)

Rwanda Stock Exchange wins prize cross-listing of Kenya's Equity Bank

It might be one of the world’s tiniest stock markets, with only six listed companies, but a seventh addition has just doubled the value of the Rwanda Stock Exchange.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Liquid Telecom secures $150M to extend super-fast broadband network in Africa that will be 5x faster than what is available in the UK

Liquid Telecom, a telecoms group aiming to build better broadband in parts of Africa than is available in the UK, has raised $150m to extend its superfast fibre networks across the continent.

Momentum raises $50 million for its Momentum Africa Real Estate Fund

Momentum raises $50 million for its Momentum Africa Real Estate Fund

Momentum GIM, in conjunction with Eris Property Group, has successfully closed the first tranche of its African Real Estate Fund with $50m  of institutional, family office and HNW investor capital.

Ashish J. Thakkar, Founder & MD, Mara Group

It's time to change the Africa narrative: Ashish J. Thakkar, Founder & MD, Mara Group

I recently watched the BBC documentary, “Rwanda: The Untold Story” which first aired on October 1st, 2014. For those of us who have lived through the 1994 genocide, the documentary is quite puzzling.

Kigali, Rwanda

Kigali, Rwanda: 2014 was year of growth, says mayor Fidele Ndayisaba

The Mayor of City of Kigali, Rwanda, Fidele Ndayisaba, last week talked to The New Times Kenneth Agutamba on a wide range of issues during an exclusive interview at his office, last week.

Paul Muthaura, Acting CEO, Kenya's Capital Markets Authority

East Africa Targets Cross-Border Debt Sales to Fund New Railways

The East African Community plans to allow bond sales across four markets in the bloc as investors look to fund projects such as railways that will link up the region.

The Global African Investment Summit (TGAIS) 2014

Global African Investment Summit ends with record number of 36 bankable projects worth $246B presented to international investors

The Global African Investment Summit (TGAIS) closed yesterday after two days of high level panels and roundtables to explore investment opportunities in Africa.

It now takes six days for goods to reach the port of Mombasa from Kigali. In 2012, it took almost 18 days, on average.

Rwanda finds working with the neighbors pays off

The government of President Paul Kagame, who has for years maintained a firm grip on Rwanda’s politics, has built a remarkable record for economic reforms.

Nigerian Real Estate

High stakes for high reward? Real estate funds come to Africa

High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.

Konga Mall

Africa's tech start-ups of the future

Silicon Africa is gaining attention, investment, and momentum.

Jason Njoku, Founder & CEO, iROKOtv

East Africa is super-attractive for Internet TV: Jason Njoku, Founder & CEO, iROKOtv

Once upon a time I believed Lagos, Nigeria was the centre of the [Africa] universe.

Itumeleng Mothibeli manages the mall and 13 other shopping centers that have sprung up to serve a black South African middle class that spends more money than the white middle class

Africans Open Fuller Wallets to the Future

Across sub-Saharan Africa, consumer demand is fueling the continent’s economies in new ways, driving hopes that Africa will emerge as a success story in the coming years comparable to the rise of the East Asian Tigers in the second half of the 20th century.