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Oil search: Rwanda may invite investors for exploration

Rwanda is hoping to join the circle of oil-producing countries around the world. Kigali is considering partnering with oil and gas companies for the next phase of oil exploration in Lake Kivu. According to Director General of the Office of Mines, Oil and Gas, Francis Gatare, the country has carried …

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Italian clothing giant opens factory in Ethiopia’s Tigray region

An Italian clothing manufacturer has opened its first factory in Ethiopia’s northern Tigray regional state. The factory located in the regional capital Mekelle is Calzedonia’s first factory on the continent. Photos shared by government showed workers working at a production line. State-affiliated FBC said senior government officials, including State Minister …

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EAC Countries Urged To Simplify Movement Of Professionals

The East African Business Council has asked member states of the East African Community to adopt the regulatory framework for Mutual Recognition Agreements (MRAs), as stipulated in the region’s Common Market Protocol, in order to facilitate easy movement of professionals in the region. Nicholas Nesbitt, the Council Chairman said although …

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Is time really money?

This maxim, the origin of which is attributed to Benjamin Franklin[1], is known to all, and is commonly cited in various contexts since its appearance in 1748. Thus, it cannot easily be avoided to ask questions about its apprehension and its use according to different socio-cultural contexts or environment. Indeed, …

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The African Development Bank and FAO target agriculture investments to end hunger and create wealth in Africa

Strategic alliance includes commitment to raise funds to promote food security, sustainable agriculture and rural development Rome, Italy, 27 August 2018  – The African Development Bank and the FAO today agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger and malnutrition and increase …

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Novation City Company plans broader partnership in Africa

During  GSMA- “Mobile 360 ​​-Africa” ​​Conference held in Kigali from July 17 to 19, 2018 , the company “Novation City” took the opportunity to express its intention to develop a partnership in Africa and more particularly in Rwanda, its activities already being established in North Africa. The GSMA Mobile 360 …

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African Development Bank working with AU, ECA, Afreximbank to boost intra-African trade

Bank proud of Afreximbank’s achievements as a strategic partner in trade finance Abidjan, Côte d’Ivoire, 16 July 2018 – The African Export-Import Bank (Afreximbank) has become a reputable and solid regional development finance institution, meeting significant financing needs in trade development and trade finance in Africa, says President of the African Development Bank, Akinwumi Adesina. Afreximbank is one of …

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Kenya to use Google’s balloons for rural internet

Kenya will use Alphabet Inc’s system of balloons to beam high-speed Internet access in hopes of connecting more of its rural population to the web, its ICT minister said. Known as Project Loon, the technology was developed by Alphabet’s X, the company’s innovation lab. It was used by U.S. telecom operators to …

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