Rwanda Among Top 15 Retail Investment Destinations in sub-Saharan Africa Filed in: rwanda, retail, investment, africa, east africa
Consulting group A.T. Kearney's 2015 African Retail Development Index ranks the leading current and potential retail expansion destinations in sub-Saharan Africa. Leading the pack is Gabon because of its high rate of urbanization (86%) and high GDP per capita. For its part, Rwanda ranks seventh on the index -- down...
Rwanda Among Leading Investment Destinations in Africa Filed in: rwanda, investment, east africa
From CNBC: According to Rand Merchant Bank's 2014/2015 report Rwanda is the most attractive destination in East Africa and the ninth most attractive in Africa as a whole. The report looks at three criteria: growth rate, market size, and the ease of doing business. In addition to its favorable...
Rwanda Pursues Foreign Investment Increase Filed in: rwanda, east africa, kenya, fdi, investment
According to The Africa Report, Rwanda is seeking to increase foreign direct investment this year to $1.2 billion. The increase will be helped along by new investment tax incentives, which include a seven-year tax holiday for firms investing over $50 million. Rwanda has become an attractive investment destination due to its strong,...
Africa Economic News Update Filed in: fdi, economic growth, africa, rwanda
Analysts Raise Expectations for Economic Growth in Sub-Saharan Africa, Though Commodity Prices Pose Threat for Future, International Business Times Economic growth in sub-Saharan Africa is expected to rise this year and reach 5.4 percent in 2016, far outpacing the global 3.8 percent. Taken as a whole, the continent of Africa is...
African Economy Slows, Rwanda’s Economy Resilient Filed in: economic growth, rwanda
The Wall Street Journal reports that Africa’s overall growth rate will slow to 4 percent from its historic 4.4 percent. The stall, according to the journal, is due to the fall in oil prices as well as slowed growth in the developed world and in China. Africa’s economic...
Rwanda’s Tech Advances Support Entrepreneurs Filed in: rwanda, ict, entrepreneurs, tech entrepreneurs, smes, sme, carnegie mellon university, tech
Rwanda recently won the Global Telecom Business Innovation Award for its innovative business model in providing internet access to the country through a public private partnership. South Korea’s largest telecommunications provider, Korea Telecoms, partnered with the Government of Rwanda to launch a 4G network in the country. Korea...
Former Barclays CEO Invests in Rwanda Banking Sector Filed in: fdi, investment, banking, finance, rwanda
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: development, rwanda, economic growth, investment
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: investment, rwanda, kenya, finance
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,...