Rwanda News

Kigali, Rwanda

East Africa is a Rising Hub: Jad Abbas, Director, The Abraaj Group

Being local is key. Simply put, it helps us to identify great businesses, work in partnership with investee companies, and manage risks. That philosophy has always been core to the investment thesis across each of the markets we work in and Africa is no exception.

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.

Cape Town, South Africa

The African economy: Better than people think

Analysis of headline GDP figures in Africa would presuppose a region going through a period of prolonged stagnation.

Africa property offers rich pickings for the brave

Africa property offers rich pickings for the brave

Some property pundits believe there are major opportunities for investors or companies on the continent.

President Uhuru Kenyatta wins second term in Kenya elections

President Uhuru Kenyatta wins second term in Kenya elections

President Uhuru Kenyatta won re-election in Kenya on Friday, defeating veteran opposition leader and longtime rival Raila Odinga in a tense contest.

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.

Africa's Liquid Telecom raises $700m in bond and term-loan issue

Africa's Liquid Telecom raises $700m in bond and term-loan issue

Liquid Telecom, an unlisted pan-African telecoms group, has raised $700m in a bond and term-loan issue that will help it refinance debt and provide a war chest for further acquisitions.

Abraaj Group to buy African coffee chain Java House

Abraaj Group to buy African coffee chain Java House

Abraaj Group, an emerging markets focused fund group, has agreed to buy African coffee chain Java House from private equity rival Emerging Capital Partners and Kevin Ashley, the Nairobi-based company’s executive chairman.

Edwin Dande, Managing Partner & CEO, Cytonn Investments

Meet the Kenyan entrepreneur who built an $800 million asset management firm

Kenyan-born Edwin Dande is the Founder of Cytonn Investments, an alternative investment management and real estate company, with offices in Nairobi and the DC Metro area.

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage licence

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage license

Egypt’s EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters last week.

A woman waved a portrait of Tedros Adhanom Ghebreyesus, the newly elected director general of the World Health Organization, in Geneva on Tuesday. Credit: Valentin Flauraud/European Pressphoto Agency

W.H.O. Elects Ethiopia's Tedros as First Director General From Africa

Tedros Adhanom Ghebreyesus of Ethiopia was voted director general of the World Health Organization on Tuesday, the first African ever to head the agency.

Rate cuts & healthy FX reserves pave way for next bull run in Africa's markets

Rate cuts & healthy FX reserves pave way for next bull run in Africa's markets: Ryan Hoover, Portfolio Manager, Africa Capital Group

The sorry state of South African governance may be dominating headlines, but a closer inspection of Africa’s financial news reveals a heartening trend in the continent’s frontier economies.

Rob Shuter, CEO, MTN Group

MTN's new CEO starts job committing to investment in largest markets of Nigeria and South Africa

First-quarter sales rose 7.1 percent boosted by Nigeria and Iran. Carrier still has ‘work to do’ to meet full-year targets

Waitresses place a series of orders at the Orbit Place Java House, a chain of Kenyan cafes

East African assets attract private equity interest

Family businesses seek sales amid growth in buyout groups in the region

Paul Kagame, President of Rwanda. Credit: WSJ

Rwanda's President on Africa's Fate in an Age of Trump-Style Populism (Videos)

Rwanda’s economy is one of Africa’s best performers, and many say President Paul Kagame has played a big role in that.

Cyril Collon, General Partner, Partech Ventures

African tech startups raise record-breaking $370M in 2016: Partech Ventures (Infographic)

At Partech Ventures, we have been tracking for the past 3 years the dynamics of African tech investment, to better understand the investment landscape on the continent.

EXEO Capital's Sub-Saharan Africa agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital's agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund, focused on the food and agribusiness sector in Sub-Saharan Africa.

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Privately-owned Nakumatt, Kenya’s biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said last Wednesday.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Strive Masiyiwa builds broadcast empire to challenge MultiChoice

Econet Group is building a broadcasting empire that could challenge MultiChoice’s dominance in the payTV market across the continent.

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.

Nic Rudnick, CEO, Liquid Telecom

Liquid Telecom buys Neotel for $466M to form Africa's largest fiber network

Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.

Geoffrey Odundo, CEO, Nairobi Securities Exchange. Credit: marcopolis.net

Nairobi Securities Exchange to start offering ETFs in diversification drive

The Nairobi Securities Exchange expects its first exchange traded fund (ETF) to be approved by the regulator this year and trading to start soon after.

Across Africa, 3 in 4 countries improve business environment

Across Africa, 3 in 4 countries improve business environment (Infographic)

Almost three-quarters of African countries saw an improvement in their business environments in 2016, according to the Doing Business 2017 report published in October by the World Bank.

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.

Spotlight on East Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on East Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 167 reported private equity deals in East Africa totaling $1.4 billion.

Jeff Schlapinski, Director of Research, EMPEA

Private equity investment in Africa heats up as pension funds stay local

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Donald Trump, illustrated as a dictator. Credit: The Daily Show/Comedy Central

The US elections (and their aftermath): Covered as African elections are covered in the West

The US of A, a nation located in the center of the North American continent, is shaken by its latest electoral results.

Bryan Leith, COO, KPMG Africa

Africa's Economic Prospects: Bryan Leith, ‎COO, KPMG Africa

While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.

Live music in Accra, Ghana

Why is Ghana 25 times more successful than Nigeria at attracting tourism revenues?

Tourism should be an easy win for emerging market (EM) and frontier market (FM) economies with weakened currencies, and cheap jet fuel; an opportunity that we think is being missed.

East African Community a bright spot amidst emerging markets gloom

East African Community a bright spot amidst emerging markets gloom

While many countries are registering a sharp slippage in economic growth, East African economies, Ethiopia included, are expected to deliver above 6 percent economic growth, the World Bank has said in its latest report.

Business-to-business market in Africa to show $1 trillion growth by 2025, says McKinsey

Business-to-business market in Africa to show $1 trillion growth by 2025, says McKinsey

According to the World Bank, 35 of 47 economies in sub-Saharan Africa took at least one step in making it easier to do business in their country in 2015.

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale scale solar plant

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale solar plant

In addition to this new 40 MW plant in Mozambique, Scatec Solar operates 200 MW of solar power plants in South Africa and Rwanda and has new projects under development across Africa, including in Mali, Nigeria and Kenya.

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.

The Legend Hotel (Illustration); which will be located within the Murtala Muhammed International Airport boundaries in Lagos, Nigeria; will feature 54 guest rooms, including eight suites. Credit: Curio - A Collection by Hilton/estateintel.com

Hilton Expands Presence in Nigeria with Signing of Hilton Lagos Airport

Hilton has announced the signing of a management agreement with Quality Inspection & Testing Services Limited to open a 350 guest-room and suite hotel at Lagos’ Murtala Muhammed International Airport, Nigeria.

Visa launches mobile money service mVisa to rival Safaricom's M-PESA

Visa launches mobile money service mVisa to rival Safaricom's M-PESA

Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd.

Abidjan, Ivory Coast

Ivory Coast: Tech Hub on the Rise

Following years of political turmoil, Côte d’Ivoire is growing quickly and attracting investment. Now, the government is trying to position the country as west Africa’s technology and start-up hub.

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.

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.