Rwanda: Latest News
Staff, 11:19 am
Rwandan President Paul Kagame has broken ground to begin construction on the $818m Bugesera International Airport in Rwanda. The airport is being built to handle the rising air traffic in the country, as well as bolster intraAfrican travel, investment and business. Kagame said: “Bugesera Airport is an important part of Rwanda’s strategy for socio-economic transformation. “Rwandans to whom we are accountable are used to having high expectations and trust us to deliver. This will be no different.”
Kurt Davis Jr., 7:13 am AFKI Original
The re-election of Paul Kagame to a third term as president of Rwanda on August 4 sparked excitement in some corners of the world and raised concerns in others. While some celebrate Kagame’s amazing success in transforming the small East African nation, others argue that he has already ruled for 17 years, and his continued stay as the country’s first citizen undermines democracy. Both sides have legitimate points.
Staff, 1:53 pm
Google Chief Executive Officer Sundar Pichai visited Lagos, Nigeria’s commercial capital. During his visit, Pichai announced at a conference, plans by the Internet giant to provide more than $3 million in equity-free funding and mentorship to more than 60 African start-ups over the next three years. Earlier in July, Jack Ma, the CEO and founder of e-commerce company Ali Baba toured east Africa (Kenya and Rwanda) in what his close aides described as a mission to inspire African IT entrepreneurs.
Staff, 3:10 pm
Security has long been a major concern at wildlife reserves in Africa, where rhino and elephant populations have been decimated by poachers in recent years. But a park in Rwanda is betting on a new networking technology to change that. Rwanda’s Akagera National Park recently launched a new system that allows park rangers to monitor animals, visitors, and equipment in real-time. Developed by ShadowView and Internet of Life, the “smart park” system is based on a Long Range Wide-Area Network.
Staff, 5:21 pm
African heads of governments are among the highest paid in the world despite the continent’s many challenges. Jacob Zuma, South African president is the highest paid in the continent earning $272 000 per year, ranked fourth in the world.Rwanda’s president, Paul Kagame is ranked tenth, earning only $85 000 per year. Jacob Zuma $272 000 per annum. Zuma has been the president of the Republic of South Africa since 2009. Zuma was among the world’s top 10 highest paid president, he was listed fourth.
Staff, 9:50 am
The second edition of the Global Cybersecurity Index 2017, released earlier this week by the International Telecommunications Union (ITU), an agency of the United Nations, measured the commitment of ITU Member States to cyber security and highlighted a number of illustrative practices from around the world. The survey measures the commitment of countries to cyber security based on five pillars namely: legal, technical and organizational measures, capacity building and international cooperation.
Staff, 8:47 am
The world’s first commercial drone delivery service operates from a hill in the middle of Rwanda. From here, Zipline, a San Francisco-based robotics company, delivers blood by drone to almost half of all Rwanda’s blood transfusion centers. Orders are made online, by text, phone, or WhatsApp. An order has come in for a hospital about two hours away by car. The drone delivers the package in 20 minutes. “To have a proven model here first in Rwanda is amazing,” says Maggie Jim, Zipline.
Staff, 11:14 am
African startups can now score capital commitments real time―so long as they convince a venture capitalist to give it to them in front of a live audience. That’s the format for “Face The Gorillas,” a Rwandan IT pitch series that runs several times a year on local TV, YouTube, and at events. The competition was originally conceived in 2013 by Yariv Cohen and wife Angela Homsi―who became engaged in Rwanda’s tech scene through impact investment firm Kaenaat and the Ignite Power Solar initiative.
Staff, 9:01 am
One of the biggest current challenges for the impact investing community is the aggregation and deployment of growth capital equity in the world’s poorest countries. Few would argue with the proposition that for the world’s poorest countries to move out of poverty there must be a new investment model. In view of the absence of local private equity, growth capital and venture funds in those countries, as well as the small deal sizes, there is a challenge in which growth capital can be deployed.
Kurt Davis Jr., 10:55 am AFKI Original
Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.
- Real Estate