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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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Bill Gates sees US likely to maintain aid levels for Africa
The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man.
Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
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- Key Facts
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Full name: Republic of Rwanda
Population: 10.9 million (UN, 2011)
Area: 26,338 sq km (10,169 sq miles)
Major languages: Kinyarwanda (official), French (official), English (official), Swahili
Major religions: Christianity, indigenous beliefs
Life expectancy: 54 years (men), 57 years (women) (UN)
Monetary unit: 1 Rwandan franc = 100 centimes
Main exports: Coffee, tea, hides, tin ore
GNI per capita: US $520 (World Bank, 2010)
Internet domain: .rw
International dialling code: +250
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Rwanda's Kagame meets Israel's leadership, looks to 'reinforcing cooperation'
2017/07/14Kagame’s relationship with Israel extends back to 1994, at the same time as he was instrumental in putting an end to the genocide there that killed an estimated one million people.
Israel has enhanced Rwanda’s security capacity to transaction with terrorist threats coming from jihadist groups both from the Horn of Africa and the western part of the continent, Rwanda’s President Paul Kagame told The Jerusalem Post on Monday.
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Dr Harnet Bokrezion, co-author of the book 101 Ways to Make Money in Africa
2015/11/20Many decisions for market entry in Africa are made on the basis of market size. Some decision-makers will consider market maturity, level of local infrastructure development, or certain business links they have by presently established in a certain market prior to entry.
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Investment Rwanda:
2013/07/26In the MID-2000s, additional than 1,500 individuals joined hands to set up a strong business company to spur investment in Nyamagabe, which was again one of the poorest districts in the country.
The aim was to help transform local economy and contribute to speeding up local and national development.
Ten years later, the company has additional than 900 active shareholders and is one of the best and strongest entities of all district investment companies.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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Roko Construction Ltd Roko builds up Rwanda’s skills & skylines
2016/12/10Regionally renowned for quality and timely construction and its local training and staff development programs, Roko Construction is open to further expansion and partnerships. Director Derek Claassen assesses Rwanda’s ongoing infrastructure building efforts, some of the bottlenecks to better regional integration, the advantages of Roko having its own materials manufacturing plants, its extensive in-home skill sets, and its signature building projects making their mark on Rwanda’s infrastructure and human resource pool.
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Robin C. Bairstow, Managing Director of I&M Bank
2016/12/10I&M Bank’s footprint in the East African region currently covers Kenya, Tanzania, and Rwanda, with a presence in Uganda as well on the horizon. Its customers are drawn to its technology, capacity building, and knowledge sharing across the region. Managing Director Robin C. Bairstow discusses the bank’s upcoming IPO, its focus on building up local expertise, and its wider view of how to provide support for SMEs.
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Konde Bugingo, Deputy CEO of Banque Populaire du Rwanda (BPR)
2016/12/10Providing far-reaching access to tailor-made banking products both digitally and in even the remotest corners of Rwanda has solidified BPR’s reputation as “the bank of the people”. Deputy CEO Konde Bugingo provides an overview of the banking landscape in Rwanda, the huge evolution being made in the country with regard to social and infrastructural improvements, and the sense of positivity and pro-business attitudes that Rwandans possess about their country’s next.
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Lisa Fruchtman
2013/04/13At the same time as did you prime hear about the amount-women drumming circle in Rwanda and why did it pique your interest?
Lisa Fruchtman:It amount began with Rwandan playwright Odile“Kiki”Katese, who in 2005 founded the prime women's drum troupe in Rwanda - breaking the taboo against women drumming and bringing together women from both sides of the genocide.
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Evode Imena, the Mines National Minister
2013/03/19The government targets $407m (Rwf268.6b) from mineral exports by 2017. Evode Imena, the Mines National Minister, explained to Business Times’ Ivan R. Mugisha, how this will be completed. The mining sector is steadily becoming one of Rwanda’s biggest foreign exchange earners, fetching $136.6m (about Rwf86.7b) last year, only bettered by tourism.
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Outlook for 2015-16
2013/10/10The country (Rwanda) is situated in Central Africa, east of Democratic Republic of the Congo. It has borders with Burundi for 290km, Congo (Kinshasa) for 217km, Tanzania for 217km and Uganda for 169km.
Land in Rwanda is mostly grassy uplands and hills; relief is mountainous with altitude declining from west to east.The climate is temperate rainy seasons (February to April, November to January); mild in mountains with frost and snow possible.Outlook for 2015
In 2013, temporary aid suspensions had significant economic repercussions for Rwanda. On the positive side, this triggered Rwanda to search for ways to reduce its aid dependency.
Strengths (+) and weaknesses (-)
(+) Good business climate
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Kigali
2013/05/21Located at Rwanda’s geographical heart, the rapidly growing City of Kigali is not only the national capital, but as well the country’s most significant business centre and major port of entry.
City of Kigali, which started in 1907 as a small colonial outpost with little link to the outside world, is presently 100 years old. Today, City of Kigali has come of age-as the capital of Rwanda and made phenomenal strides. It is a city that has not just survived, but has prevailed and has grown into a modern metropolis- a heart of the emerging Rwandan economy and a pride of each Rwandan.
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Kigali
2012/12/17Kigali, with people of almost 1 million (2009), is the capital and major city of Rwanda. It is situated near the geographic centre of the country. The city has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The major residence and offices of the President of Rwanda are located in the city, as are the government ministries. The city is coterminous with the province of Kigali City, which was enlarged in January 2006, as part of local government reorganisation in the country. The city's urban area covers about 70% of the municipal boundaries.The city people has varied around the national percentages: Hutu 84%, Tutsi 15% and Twa (Pygmy) at 1%
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His Excellency Paul Kagame is the President of the Republic of Rwanda.
2012/12/16Africa today has the opportunity to play its rightful role in the world arena. But to do so requires the continent to speak with one voice and to be competitive in amount aspects, which in turn demands radical socio-economic transformation.
Africa will do this when its people lead dignified lives and take full charge of their development schedule. For this to happen, African countries need a new kind of leadership – one that has a vision for the country and the continent as a whole, a passion and commitment for its rapid development, inclunding the well-being of its people.
- Rwanda News
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- ECONOMY: Africa’s economic growth in 2016 was driven by East Africa
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- GOVERNMENT: Rwanda: Election - NEC Begins Delivery of Polling Materials
- SOCIAL / CSR: Uganda on High Alert as Kenya, Rwanda Go to Polls
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