Former Barclays CEO Invests in Rwanda Banking Sector Filed in: investment, banking, finance, rwanda, fdi
The London Evening Standard reports that former Barclays CEO Bob Diamond will invest $22.5 million in Banque Populaire Rwanda through his African banking venture Atlas Mara. The investment will give the firm a 45% stake in the bank, which Atlas Mara then plans to merge with BRD Commercial Bank of Rwanda. The...
Kate Spade & Company launches Rwandan-made collection Filed in: rwanda, fdi, entrepreneurs, fashion industry
Global fashionista Kate Spade has launched a collection of products handcrafted by Rwandan artisans. The line of products—called On Purpose—is intended to help a group of 150 women in Masoro, Rwanda to become a profitable supplier to all Kate Spade & Company brands. Watch the videos...
Fitch Upgrades Rwanda to “B+” with a Stable Outlook Filed in: economic growth, investment, development, rwanda
Fitch Ratings upgraded Rwanda to 'B+' from a 'B' rating it had given the East African country earlier in 2015, according to CNBC Africa. According to Fitch, there were two reasons for the upgrade. The first is Rwanda's track record of "prudent and coherent fiscal and monetary policy." The...
Kenya’s Equity Bank Cross-Lists on the Rwanda Stock Exchange Filed in: rwanda, kenya, finance, investment
Rwanda's six-company stock exchanged doubled its value by cross-listing Kenya's Equity Bank. With a market cap over $2 billion, the bank is now the largest company listed on the exchange. “Cross-listing is important because it gives Rwandans an opportunity to participate in the progress of their bank,...