MTN Rwanda Reports 307% Drop in Half-Year Net Profit to Rwf10.5 Billion
MTN Rwanda reported a 307.1% drop in net profit for the first half of 2024, with profits after tax falling…
Category: Business
South Sudan President Fires Finance Minister, Sixth Change Since 2020
South Sudan President Salva Kiir has dismissed Finance Minister Awow Daniel Chuong, marking the sixth change in the position since…
Zimbabwe’s Growth Forecast Dims Amid Devastating Drought Impact on Crop Yields
Zimbabwe’s economic growth outlook has been sharply downgraded due to a severe drought wreaking havoc on crop yields, Finance Minister…
Adpacey Technologies Expands Digital Screen Advertising in Kigali
Adpacey Technologies Ltd. has announced the expansion of its Digital Screen Advertising services across Kigali. The company’s state-of-the-art digital screens,…
Rwanda in Discussions with AfDB to Bring Pan-African Youth Bank to Kigali
Rwanda is in discussions with the African Development Bank (AfDB) to potentially introduce a youth entrepreneurship investment bank in Kigali,…
Bank of Kigali Announces Partnership with VCWC 2024 as Official Banking Partner
Bank of Kigali has solidified its role in the forthcoming Veterans Club World Championship (VCWC) by signing a three-year partnership…
AfDB Reports Africa’s Economic Growth Slowed to 3.1% in 2023
Africa’s economic growth dipped to an average of 3.1% in 2023, down from the previous year’s 4.1%, as stated in…
MTN Rwanda Approves Dividend Payout of Rwf5.7 Billion
MTN Rwanda’s Board of Directors has approved a recommendation to distribute Rwf5,724,860,000 as dividends to shareholders. This recommendation awaits shareholder…
Brussels Airlines to begin daily flights to and from Kigali
Belgian airline Brussels Airlines is set to begin daily flights to and from Kigali early next month, the airline’s Chief…
Kagame and Dangote Deliberate on Investment and Intra-Africa Trade
President Paul Kagame met with Nigerian billionaire Aliko Dangote on Saturday, May 18, in discussions centered on potential partnerships, investment…
Experts Urge Action for Africa’s Economic Independence at CEO Forum
African leaders must turn their commitments into concrete actions to spur economic development, experts said Thursday at the opening of…
MTN Rwanda Pioneers the Introduction of Paper-Based Biodegradable SIM Cards in the Country
In a significant move towards sustainability, MTN Rwandacell PLC (MTN Rwanda) has introduced the country’s first paper-based biodegradable SIM cards,…
New ChatGPT Version: Math Tutor and Flirt Rolled into One
OpenAI has introduced the latest iteration of its AI chatbot ChatGPT, dubbed GPT-4o, set to be available to all users,…
High Cocoa Prices Squeeze Cameroon Chocolate-Makers
In the lush cocoa plantations of Muyuka in south-west Cameroon, Chief Orok John inspects his young cocoa plants, grappling with…
Rwanda’s Green Coffee Finds Market in South Korea
Rwanda is set to export 20 containers, equivalent to 384 tonnes, of green coffee valued at Rwf2.5 billion to Seoul,…
Urgent Appeals for Innovative Financing and International Financial System Reform to Attain SDGs in Africa
In a resolute address at the outset of the tenth Africa Regional Forum on Sustainable Development (ARFSD-10) in Addis Ababa,…
Nigeria Seeks $2.25 Billion in World Bank Loans
Nigeria is pursuing $2.25 billion in loans from the World Bank, announced Finance Minister Wale Edun. The request, discussed after…
Norrsken East Africa Empowers Female Entrepreneurs in Rwanda with Second Women in Business Initiative Cohort
Norrsken East Africa has launched its second round of the Women in Business Initiative in Rwanda, aiming to support female…
Explainer: Why the US government is trying to ban TikTok
The US House of Representatives passed a bill on Saturday that would give TikTok’s Chinese owner, ByteDance, about a year to…
Vivendi’s Canal+ Offers $1.9 Billion to Acquire MultiChoice
In a significant move in the media industry, Vivendi’s French media division, Canal+, has put forward a mandatory all-cash offer…