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AfricaMoney | October 11, 2016

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Africa contributes top 5 developing economies on global IT Affordability Index

March 17, 2015 | Especially commendable is the case study of Nigeria, which, within just two years of launching its National Broadband plan, has established itself at the second place globally among developing economy on the Affordability Index for the Internet. (Image: Across t...
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Mauritius ranked first in Africa and fifth globally in Economic Freedom report 2014

October 10, 2014 | The island nation is seen as Africa’s most economically free country offering the highest quality of life and personal freedom. (Image: Forbes) Mauritius has yet again emerged with top honours among African countries in the Economic Freedom of the World 2014 report of the Frase...
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Mauritius & Cabo Verde take top 2 slots in 2014 Ibrahim Index of African Governance

September 30, 2014 | Mo Ibrahim, chairman of the Mo Ibrahim Foundation that compiles the IIAG index, unveiled the index at a press conference held at the University of London on Monday, 29 September 2014. (Image: Nazret) Mauritius was ranked first in the Ibrahim Index of African Governance (IIAG),...
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World Export Development Forum 2014 to be held in Africa for the first time

August 27, 2014 | The forum is slated to take place in Kigali, Rwanda on 16-17 September, under the theme SMEs: Creating jobs through trade. (Image: RDB) The World Export Development Forum (WEDF), a flagship event of the International Trade Centre (ITC), is bringing its 14th edition to Africa, wit...
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A greener Africa: Mauritius to fund Rwanda recycling plant

May 23, 2014 |

Mauritius wants to team up with local investors to turn Nduba dumpsite, the second site in Kigali established for municipal waste, into a modern recycling plant. (Image: Virgin Balloon Flights)

A delegation of inv...
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Africa to grow at 5.2% in 2014; up from 4.7% in 2013

April 8, 2014 | Mauritius, Rwanda, and Tanzania are especially cited as model case studies for globalization of services, which is expected to play a crucial role in the continent’s growth. (Image: Wikipedia) Africa continues its upward growth trajectory with economic growth in Sub-Saharan Af...
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Mauritius ranked first in Sub-Saharan Africa for enabling trade

April 7, 2014 | The report notes that Mauritius is one of the success stories in terms of trade development in Africa and its strong trade performance is reflected in the results it achieves on the enabling trade index. (Image: WEF) Mauritius won top honours in Sub-Saharan Africa (SSA) with 4.7 ...
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Rwanda and Mauritius boost business ties

March 25, 2014 | According to entrepreneurs from both sides, the buyer-seller meeting is an ideal platform to establish fruitful contacts between Rwandan and Mauritian business firms. (Image: CNN) Rwanda is hosting a two-day trade mission with Mauritius which aims at promoting exports between the...
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Rwanda emerges as first choice for retail businesses in Sub-Saharan Africa

March 21, 2014 | The report predicted that by 2020, nearly half of all Africans will be living in cities, and, as disposable incomes rise, consumer spending will grow to almost $1 trillion. (Image: ARDI) The 2014 African Retail Development Index (ARDI) launched on Monday by global consulting majo...
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Stocks in Sub-Saharan Africa to face slower growth in 2014

January 10, 2014 | Amid this slowing market, analysts peg Mauritius’ banking major Mauritius Commercial Bank, Rwanda’s Bank of Kigali and Botswana microfinance company Letshego as the stocks most likely to make a mark in 2014. African stocks appear to be losing steam, after a tough 2013 on the ...
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‘Don’t rush into EAC Monetary Union’ warns IMF chief

January 7, 2014 | East African countries signing the Monetary Union Protocol should learn from the experiences of other nations in order to avoid mistakes, noted Christine Lagarde. (Image: IMF) International Monetary Fund (IMF) Managing Director Christine Lagarde advised the Kenya Private Sector...
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Rwanda follows in Mauritius’ footsteps, strengthens statistical systems

November 29, 2013 |

In August 2013, Egypt and Mauritius were ranked before Rwanda which was in the third position in the World Bank’s statistical capacity indicator after scoring 77 points out of 100. (Image: Government of Rwanda)

The emergin...
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Mauritius tops Sub-Saharan Africa in Doing Business report

October 29, 2013 | Mauritius, Rwanda and South Africa have emerged as the top three regional performers in the World Bank’s 2014 Doing Business report. Mauritius, Rwanda and South Africa have emerged as the top three regional performers in the World Bank’s 2014 Doing Business report. Ranked glo...
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Rwanda to host ICT and Innovation Summit

October 24, 2013 |

As Mauritius eyes the ICT sector for giving a boost to its economy, a Pan-African ICT and innovation summit to be hosted by Rwanda may be a golden opportunity for the island nation to connect with the rest of the continent. (Image: www.biztech...
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Rwanda gets a Czech mark

October 17, 2013 | Czech Republic’s Minister of Foreign Affairs Jan Kohout led a 30-strong business delegation to Rwanda to explore potential areas of investment. (Image: Ministry of Foreign Affairs of the Czech Republic) Rwanda is the new place to be for Africa-focused investor...
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WTO’s Rugwabiza now CEO of Rwanda Development Board

October 11, 2013 |

Valentine Sendanyoye Rugwabiza, former deputy director-general of the World Trade Organisation, is now the Chief Executive Officer of the Rwanda Development Board (Source:

A former ...
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Rwanda to give Mauritius a run for investors’ money

October 2, 2013 | A business incubation centre being launched by the Rwanda Development Board in Kigali to promote small and medium enterprises (Source:

At the Africa Entrepreneurship...
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East Africa: All Africa Business Leaders Awards announces winners

October 1, 2013 |

The All Africa Business Leaders Awards (AABLA) announced the winners of the East African chapter at a glittering awards ceremony held in Kigali, Rwanda, on September 9.

Already in its second year, the Johnnie Walker Blue Label CNBC...
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Coming soon: All Africa Business Leaders’ Awards, East Africa

October 1, 2013 |

In a move that emphasizes the importance of Africa among emerging economies, the All Africa Business Leader Awards (AABLA) is holding its East African chapter to recognize African business visionaries at a glittering awards ceremony to be held in Kigali, Rwanda, later...
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Rwanda and the UN sign $400 million partnership

July 30, 2013 |

The government of Rwanda and One UN Rwanda have signed a five year $400 million development assistance Plan (UNDAP) that will help the government meet the millennium development goals and Vision2020 targets.

The UNDAP funds will be...
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Rwanda signs 8.5 MW solar energy deal

July 24, 2013 |

The Government of Rwanda have signed a Power Purchase Agreement with GigaWatt Global Rwanda Limited to develop a first grid-level solar electric generating plant, the first of its kind in East Africa.  The Minister of State in Charge of Energy and Water, Eng. Emma Fr...
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The World Bank hails Rwanda private sector’s performance

June 25, 2013 |

 Swift and positive actions taken by the Government have successfully steered Rwanda towards a steady growth and positive outlook, says the Fourth Edition of the Rwanda Economic Update.  According to the report, Rwanda’s economy has grown by a robust 8 percent in ...
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RwandAir orders Bombardier Q400 NextGen Airliner

April 28, 2013 |

RwandAir will become the 12th operator of Q400 aircraft in Africa in its efforts to develop its domestic and regional markets RwandAir has placed an order for a new $33 million airliner produced by Canadian aircraft manufacturer Bombardier Aerospace. It has signed a ...
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New Forest Company’s Rwandan deal will boost wood products

April 13, 2013 |

The Rwandan Government has reached an agreement with a South African firm to harvest 10,000 hectares of forest planted around the Nyungwe National Forest . The New Forests Company (NFC) has announced it is starting sustainable forestry operations in Rwanda after comp...
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Stakeholders to discuss strategies to accelerate growth, Rwanda

March 31, 2013 |

Members of cabinet, ambassadors, mayors and heads of key government agencies, as well as senior members of the legislature and judiciary, and representatives of the private sector will participate in the three day 10th Government Leadership Retreat held under theme �...
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Rwanda’s GDP per capita in 2012 rises to USD 644 from USD 593 in 2011

March 24, 2013 |

In 2012, Rwanda’s Gross Domestic Product (GDP) per capita rose to USD 644 increasing from USD 593 in 2011 announced Rwanda’s Minister of Finance and Economic planning Amb. Claver Gatete to present how Rwanda’s economy performed in the last fiscal year. Presenta...
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Rwanda and World Bank sign US$ 50 million grant in support of national social protection program

March 23, 2013 |

The Government of Rwanda and the World Bank have recently signed an International Development Association (IDA) Grant of US$50 million to help Rwanda expand and manage its National Social Protection System. This was approved by the World Bank’s Board of Executive Di...
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World Bank provides financial boost to Rwandan energy sector

March 10, 2013 |

The World Bank has signed a financing agreement with Rwanda worth US$60mn, which will see the global bank help boost the country’s energy rollout programmeThe money will be part of an additional financing loan agreement with the International Development Association...
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Rwanda: Tourism sector led export grow again in 2012

February 21, 2013 |

February 21, 2013- The Rwanda Development Board (RDB) announced recently that the tourism sector has registered strong performance in 2012. This sector generated 281.8 Million USD compared to 251.3 Mill...
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New Push to Boost Electricity Access in Rwanda

February 20, 2013 |

February 20, 2013- The World Bank Board of Directors yesterday approved US$60 million in additional financing to bring more electricity to more Rwandans and for lighting public institutions such as schools, clinics and hospitals. ...
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