The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed by Aviation Travel and Logistics (ATL), a government-owned entity, the airport is envisioned as a pivotal hub for aviation in Africa, with an estimated investment of over $2 billion. Currently, the groundwork includes essential components such as substations, taxiways, runways, drainage systems, earthwork platforms, aircraft parking areas, connecting taxiways, and internal service roads. The CEO of ATL, Jules Ndenga, indicated that the next phase of construction, which encompasses the passenger…
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Artificial Intelligence (AI) has emerged as a transformative force, reshaping the very fabric of our society. Born from the pioneering work of computer scientists and visionaries, AI has evolved from its humble beginnings as a concept to a reality that permeates nearly every aspect of our lives. At its core, AI is the ability of machines to exhibit intelligent behaviour, learn from data, and make decisions akin to the human mind. From powering virtual assistants that anticipate our needs to algorithms that diagnose diseases with pinpoint accuracy, AI has unlocked a world of possibilities. Governments in the West have recognised…
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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 African Development Bank Group has commended Rwanda for making significant progress in the growth of its road network, education needs and energy access which has proved to have last mile impact on its citizens over the last five years. Rwanda is a beneficiary of the African Development Fund – the Bank Group’s concessional funding window – secured in November 2021, and is focused on two priority areas. The first priority area is strengthening physical infrastructure to increase productive resources and reduce the cost of doing business, and the second is developing skills and financial capacity to boost the private…
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For those who do not know you, tell us about yourself and your career background. How do you describe yourself? I consider myself a Global East African⏤ born in Uganda, raised in Tanzania and Kenya; lived and worked in Canada, South Africa and now Rwanda. I have spent more than 15 years in the Financial sector in Rwanda, NCBA Bank being my fourth bank, but the first as a CEO. I co-founded Women in Finance Rwanda, which we launched in 2023. As an honourable compliment to my journey, I was recently appointed the 2nd Vice Chair of the Rwanda Bankers…
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The Northern Corridor Integration Projects (NCIP) partner states, comprising Kenya, Uganda, Rwanda, and the Democratic Republic of Congo (DRC), have agreed to jointly mobilize funds to fast-track the development of the Standard Gauge Railway (SGR) project. The decision was made during a meeting of the Joint Ministerial Committee on SGR, held in Mombasa, Kenya on Thursday, May 3, 2024. The transport ministers reaffirmed their commitment to expediting the completion of the remaining SGR sections from Naivasha in Kenya to Uganda, Rwanda, South Sudan, and DRC. Specifically, Kenya has committed to resume the construction of the Naivasha-Kisumu-Malaba and Kisumu-Malaba SGR sections…
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This morning, January 28th 2022 at exactly 1:02 AM, Rwanda’s Ministry of Foreign Affairs and International Cooperation announced that the Rwandan Government would re-open the Gatuna border post between Rwanda and Uganda from 31st January 2022. This is after nearly 3 years since the border was closed in February 2019. The Rwanda government said that the reopening follows the visit to Rwanda of Lt Gen Muhoozi Kainerugaba, Senior Presidential Adviser on Special Operations and Commander of Land Forces of the Uganda People’s Defence Forces (UPDF) on 22nd January 2022, after which visit, it was now convinced that there was progress…
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The newly inaugurated Rwanda Finance Board of Directors convened for the first time this week to discuss the establishment of the Kigali International Financial Centre (KIFC). KIFC is a subsidiary of Rwanda Finance Limited, a private company created by the Government of Rwanda to promote and develop Rwanda as a leading destination for international investment and cross-border transactions in Africa. The centre, is positioned to facilitate pan-African trade and investment by providing an attractive destination for international investors with a legal and regulatory framework fully compliant with international best practices. The Board, led by Tidjane Thiam, Board Chair of Rwanda…
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Uganda’s export earnings grew by 35% reaching USD1,079.87 million in Q1, 2019, up from USD799.77 million in Q4, 2018. This is the highest ever, quarterly earnings- as per Bank of…
Ugandan exports to Rwanda in the first 3 months of 2019 have reduced by 34.31% amidst a diplomatic row that has seen tempers flare, culminating in border closures by Rwanda….
