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Tag: Rwanda

EIB partners Development Bank of Rwanda to improve women’s access to finance

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RWANDA – The European Investment Bank (EIB) and the Development Bank of Rwanda (BRD) have signed a new cooperation agreement for female entrepreneurs in Africa, Asia and Latin America through EIB’s SheInvest initiative. The agreement will allow BRD to improve women’s access to finance and create specialized advisory services for female entrepreneurs operating micro, small, and medium-sized businesses in Rwanda.…

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Equity Bank launches US$6 billion fund to boost business recovery post-COVID-19 across Africa

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RWANDA – Equity Bank Rwanda Plc has called on businesses to take advantage of the US$6 billion fund available to support recovery and post Covid-19 resilience. This was announced during the launch of the “Ikaze Munyamuryango” campaign that seeks to celebrate over 15 million Equity members across seven African markets. It aims to celebrate various Equity clients in Rwanda while…

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InfraCo Africa, Equatorial Power set to roll out access to clean power in DRC and Rwanda

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DRC – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Equatorial Power (EP), committing US$1.7 million to scale the company’s innovative mini-grid model in the Democratic Republic of the Congo (DRC) and Rwanda. The project will see the companies co-develop four new mini-grids and four agri-processing hubs (APHs) on Idjwi Island, DRC, followed…

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Turkey’s Doğuş Group announce plans to set up luxury hotels in Rwanda

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RWANDA -Doğuş Group, a Turkish company, has announced plans to investing in Rwanda’s hospitality sector by setting up at least three luxury resort hotels. This was announced by Ferit Şahenk, the group chairman, following his meeting with Prime Minister Edouard Ngirente which was held in Kigali. According to him, they plan to construct high-end luxury hotels and restaurants in Kigali…

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ARISE Integrated Industrial Platforms set to develop industrial zone in Rwanda

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RWANDA – ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems across Africa, in partnership with the Government of Rwanda, has announced the signing of a framework agreement for the development of an industrial zone in Bugesera District, Rwanda. This agreement, in line with ARISE IIP’s ambition to unlock Africa’s industrial potential, will support the…

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Carnegie Mellon University and Mastercard partner to drive youth-led digital transformation in Africa

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RWANDA – Carnegie Mellon University–Africa in Kigali, Rwanda, the only American campus on the entire continent, together with the Rwandan government and the MasterCard Foundation have announced a “transformational” US$275.7 million investment in the institution, and higher education development across Africa. According to a statement from the university, US$175 million of the foundation’s investment will go to expanding engineering and…

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KCB Group secures US$150m loan from IFC, raises stake in Rwandan subsidiary

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KENYA – KCB Group, a financial service holding company, has obtained a loan of US$150 million (KSh18 billion) from the International Finance Corporation (IFC) to support its lending to eco-friendly ventures. IFC disclosures on the new credit line say the new facility will have a maturity of seven years, with a grace period of two years, and will also include…

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Turkey’s investment bank Aktif Bank opens first international office in Rwanda

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RWANDA – Aktif Bank, Turkey’s privately-owned investment bank, has opened its first international representative office in Kigali, Rwanda after receiving the approval by the BRSA (Banking Regulation and Supervision Agency) and the National Bank of Rwanda. This will further allow Aktif Bank to amplify its operations with the continent and adding more banks to its current network of 350. Maintaining…

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Rwanda’s national e-payment RSwitch partners African fintech giant EFT Corporation

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RWANDA – Payment solution company RSwitch, which serves as the national e-payment switch of Rwanda, has announced a new partnership with African fintech giant EFT Corporation to expand access of Rwandans to their money across all technological platforms. The deal will see RSwitch benefit from EFT’s extensive suite of end-to-end payment solutions, enabling faster transactions between banks, mobile operators and…

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Hotel group Four Points by Sheraton debuts in Rwanda

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RWANDA – Four Points by Sheraton, a part of Marriott Bonvoy’s portfolio, has announced the opening of Four Points by Sheraton Kigali, marking the brand’s debut in Rwanda. Designed to appeal to both business and leisure travelers, the hotel offers a warm and welcoming atmosphere, approachable and relaxed design, and stylish comfort in the heart of the capital city. Four…

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