Rwanda: Latest News
Kevin Mwanza, 10:03 am
Israel bid to get an observer seat at the African Union (AU) is threatening to divide African union with Kenya and Ethiopia supporting the bid, while South African and Egypt may be against it. In the first official visit by an Israeli prime minister to African in nearly 30 years, Benjamin Netanyahu sought to drum up support from East African countries — Kenya, Ethiopia, Rwanda and Uganda — for an observer status at the continental body.
Dana Sanchez, 12:11 pm
The following African tech startups are finalists in the upcoming Demo Africa 2016. They stood out among 723 applicants, and they’ll get to introduce themselves and possibly attract investors at the fifth annual Demo Africa, planned in Johannesburg. Banking and fintech had the highest number of entries followed by media, e-commerce and education. Venture capitalists, angel investors, investment fund managers, tech buyers and media are expected from around the world.
Dana Sanchez, 8:59 am
Business investors aren’t the only ones spotting Africa’s potential. Name-brand foundations are also investing in Africa, making grants on a historic level. Still, charity has its critics. Akon is one of the most vocal. The U.S.-based rap star is one of the most famous impact investors in Africa — and one of the most prominent voices against giving charity to Africans. These are some of the biggest philanthropic foundations giving money in Africa.
Kevin Mwanza, 7:32 am
Rwanda has risen to become of the leading nations in Sub Saharan Africa in the in the use of technology, with a wide range of innovation projects that have attracted tech firms from across the world. Positivo BGH, a South American firm has taken advantage of this unprecedented growth in the tiny East African nation by introducing the first ever, ‘Made in Rwanda’ laptops.
Staff, 5:06 pm
Botswana has not always supported the African Union on critical issues such as the International Criminal Court, and experts believe it lacks the goodwill needed to support its candidate. South Africa’s A.U. opinions appear closer to Equatorial Guinea’s than Botswana’s on issues such as the politics in Burundi and the ICC’s relations with Africa. The need to give voice within the A.U. to the continent’s historically marginalized regions could push Equatorial Guinea’s candidate to the top. The A.U. faces many challenges including its dependence on foreign aid for its financing.
Staff, 5:00 am
South Sudan was hit by renewed violence between government forces and former rebel troops that left hundreds dead earlier this week, leading to fears that the country’s two-year civil war could be reignited. A four-day cease-fire is currently holding. Getachew Reda, Ethiopia’s communications affairs minister, said the Intergovernmental Authority on Development (IGAD) would meet to discuss restoring peace to South Sudan.
Staff, 3:18 pm
It can take about 25 years to turn a country from Third World to First World. Ten countries in Africa are heading to this transition. Japan was the leader of the “Asian miracle,” but others include Taiwan and South Korea. They had no mineral wealth. What they had were national systems of innovation and they invested in human capital. Many started off equal or lower in GDP per capita than African countries. Household incomes improve when people get involved in tech-based work. Even agriculture needs to be high tech. This is a path Ethiopia is following.
Dana Sanchez, 12:52 pm
The top three investor economies to Africa in 2015 were the U.S., ($66 billion), the U.K. ($64 billion), and France ($52 billion), according to a new U.N. report. China’s investment in Africa more than tripled to $32 billion in 2015, making it the fourth-largest investor on the continent. South Africa was the fifth largest investor in Africa at $26 billion. Investment into Africa overall was down 7 percent and South Africa was one of the biggest losers.
Lillian Mutiso, 4:47 am AFKI Original
Africa is known for its vast potential of mineral resources. It is a great investment destination for foreign business organization from across the world. Investors’ desire to do business on the continent depends largely on the ease of company registration with regard to meeting legal and regulatory demands. According to the World Bank’s Ease of Doing Business Index, a transparent and smooth registration process woos investors to any nation.
Dana Sanchez, 1:24 pm
Charities like Goodwill sell or give away used clothes donated by millions of U.S. citizens. Many end up in sub-Saharan Africa. Secondhand clothing imports have “completely killed the textile industry” in developing countries, a Rwandan official says. You wouldn’t know it at Chinese-owned C&H Garments, one of the busiest factories in Rwanda’s economic zone. C&H exports new clothes to Europe and the U.S. The EAC agreed to ban used clothing imports by 2019. Ordinary Rwandans worry local manufacturers won’t be able to supply cheap clothes.
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