Rwanda: Latest News

  • 12 African Countries Where It’s Easy To Register A Foreign Company

    Foreign company By 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.

  • Are Cheap Recycled Clothes From Western Countries Hurting African Manufacturing?

    cheap recycled clothes By 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.

  • Will Creation Of An All-Africa Passport Deliver African Unity?

    African unity By Staff, 12:11 am

    The African Union is set to launch a common electronic passport that would grant visa-free travel to all of its 54 member states. Statelessness is a particular concern. Millions of Africans lack official documentation of nationality, though its hard to estimate how many are stateless. In some countries, access to citizenship is difficult because of rules limiting rights for children of foreigners, racial, ethnic and gender discrimination and lack of accommodation for a nomadic lifestyle.

  • Israel’s Friends In Africa: Who Is, Who Isn’t, Who’s Not Saying. Can Israel Get A.U. Observer Status?

    Israel's friends in Africa By Dana Sanchez, 10:29 pm

    Even if there are countries in Africa that disagree with Israel on certain issues, they should not be able to veto the continent’s cooperation with the Jewish state, the Ethiopian leader says. Israel does not have formal diplomatic relations with at least nine predominantly Muslim sub-Saharan countries, but Islamic extremism in Africa could change that. Security, including military training and border controls, could be Israel’s No. 1 export to Africa.

  • Rwanda Harnesses Methane Gas Energy From A Killer Lake

    Rwanda Harnesses Methane Gas By Dana Sanchez, 9:48 am

    Rwanda’s KivuWatt was developed by U.S. company ContourGlobal on the shores of Lake Kivu, an area of volcanoes that Rwanda wants to promote as a tourist destination. The lakes’s depths are home to a toxic methane gas known to suffocate humans when it escapes lake bottoms. A hi-tech barge is harnessing the poisonous methane gas from the depths and converting it into electricity for energy-poor Rwandans.

  • Understanding The East African Stock Markets

    East African Stock Markets By Staff, 3:43 pm

    It is highly likely that East African stock exchanges will increase their market capitalization in the medium to long term. Each lists stock in their respective local currencies, so a decline in currency value relative to hard currencies such as the USD or Euro could reduce gains to foreign investors. So buying opportunities may occur after currency depreciation events. However buyers should beware as global markets are becoming increasingly correlated.

  • 12 Most Promising African Entrepreneurs of 2016

    most promising African Entrepreneurs By Keren Mikva, 6:44 pm AFKI Original

    Inspired by an MIT event in Lagos, Ogunlana Olumide and Chukwuwezam Obanor created PrepClass, software designed to help Nigerian students prepare for tests online. In addition to providing online test prep, the company employs over 100 tutors who travel to students’ homes to teach one-on-one. The personalized approach has been successful, and company revenue is up 1400 percent.

  • East Africa’s Airspace Gets Crowded As Uganda Plans National Airline Revival

    By Kevin Mwanza, 7:11 am

    East Africa’s airspace is getting crowded by the increasing number of commercial airlines plying the region and is likely to get even more competitive if Uganda successfully revives its national carrier. President Yoweri Museveni wants search for a strategic investor who will help revive Uganda Airlines found urgently. He termed the lack of a national airlines in the East African landlocked country as “a big shame”

  • Is Desalination The Answer For Africa’s Water Shortages?

    desalination the answer for Africa's water By Dana Sanchez, 3:57 pm

    Sub-Saharan Africa is largely dependent on rainfall, which has been erratic lately, and new partnerships are being forged from necessity. In May, South Africa announced a partnership with Iran to develop desalination plants along all coastal communities to boost water supplies. Algeria is using desalination on a large scale. South Africa is the main user of desalination technology in sub-Sahara. Ghana and Namibia also have operational plants.

  • Seeking New Markets: Venture Capital Fund Leaving London, Moving To East Africa. Here’s Who’s Already There

    moving to East Africa By Dana Sanchez, 11:35 am

    London’s startup ecosystem is flooded with early stage funding for tech startups, so one of the city’s best-known venture capital funds is planning to move to a much less crowded neighborhood — East Africa. East Africa’s angel investment scene is rising, but slowly. Angel investing in Africa can make a big difference to economies there, said the founder of London VC fund Playfair Capital.

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