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After a turbulent 2024 that saw MTN Rwanda plunge into a full-year loss, the company has staged a powerful turnaround under its new Chief Executive Officer, Ali Monzer. The former MTN Uganda Chief Technology & Information Officer, who took charge earlier this year, has not only stabilised the business but returned it to profitability, driven by a disciplined focus on fintech growth, operational efficiency, and digital inclusion. A veteran of the MTN Group, he had spent years building and optimizing networks across Africa and the Middle East. Before Rwanda, he served as Chief Technology Officer at MTN Uganda, where he…
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In a major leadership transition at the heart of Rwanda’s economic landscape, Nick Barigye, the founding Chief Executive Officer of the Kigali International Financial Centre (KIFC), has been appointed Group…
The President and Chief Executive of the Pan-African conglomerate, Dangote Group, Aliko Dangote (www.Dangote.com), has called on African business leaders to take the lead in transforming the continent. Speaking at the just concluded African Renaissance Retreat held in Kigali, Rwanda, Dangote pointed out that despite significant challenges besetting Africa, its youthful population and abundant resources, including about 30% of the world’s mineral reserves and the largest reserves of gold, cobalt, uranium, platinum, and diamonds, offer opportunities for substantial and inclusive growth. “Additionally, we have 65% of the world’s arable land and 10% of the planet’s internal renewable freshwater sources. Together…
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Rwanda is set to commence the construction of its ambitious Kigali Innovation City (KIC) in September 2024 after key details regarding the project’s financing were agreed upon on the sidelines of the Africa Development Bank (AfDB) Annual Meeting in Nairobi, Kenya. The $300m project was agreed upon by Rwanda’s Finance and Economic Planning Minister Uziel Ndagijimana and the Africa50 CEO Alain Ebobisse. Africa50, the continental infrastructural financier of which Rwanda is a member, will make its biggest investment in this project and will be joined by the Arab Bank for Economic Development (Badea). Badea will fund the construction of the…
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The travel and tourism sector in Africa could add $168 billion to the continental economy and create 18 million jobs by 2033, a new report has revealed. The report was unveiled at the global summit organised by the World Travel & Tourism Council (WTTC) in collaboration with VFS Global in Kigali, Rwanda recently. According to the report, ‘Unlocking Opportunities for Travel & Tourism Growth in Africa’, this potential growth is dependent on three key policies to unlock annualised growth of 6.5%, reaching a contribution of more than $ 350 billion. The report includes a policy package focused on improving Africa’s…
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