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RwandAir starts its direct flights to Kinshasa

National carrier RwandAir on Wednesday made its maiden commercial flight to Kinshasa, the capital of DR Congo, and the airline will operate three weekly direct flights from Kigali International Airport to Kinshasa’s N’Djili International Airport. The route will be operated on Wednesdays, Fridays, and Sundays, as the private sector in …

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Kenya forex reserves stay in the red

Kenya’s balance of payments (BOP) position improved in the three months to September 30, 2018, as the country exported more goods and services, but the value was not big enough to plug a Ksh39.2 billion ($392 million) deficit. The BOP tells whether the country is saving enough to pay for …

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RDB, Alibaba seek to increase Rwanda’s exports to China

Rwanda Development Board (RDB) yesterday met a 16-member delegation from Alibaba as they seek to bolster trade between Rwanda and China. RDB said in a statement that the visit by Alibaba is a follow up to the Electronic World Trade Platformme (eWTP) agreement that was signed by President Paul Kagame and …

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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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