Business

President Paul Kagame met with a delegation from the Digital Public Infrastructure (DPI) Private Sector Coalition Group at Urugwiro Village in Kigali on October 27, 2026, as Rwanda and African partners seek to turn the African Continental Free Trade Area (AfCFTA) vision into practical financial and digital solutions. The delegation was led by Dr. James [&hel

The 25th COMESA Summit of Heads of State and Government took place from October 19 to October 22, 2026, at the Harare International Conference Centre and the Parliament Building in Harare, Zimbabwe. This high-level gathering brought together leaders, ministers, and delegates from across the 21 member states of the Common Market for Eastern and Southern [&hel

On 13 October 2026, Formula One and Rwanda announced a 10-year deal to host a grand prix from the early 2030s, in front of a packed BK Arena in Kigali. It will be Africa’s first F1 race since the 1993 South African Grand Prix. The race will be held at a purpose-built circuit in Bugesera, […]

The Bank of Ghana is piloting cross-border payment systems using central bank digital currencies, stablecoins, bank accounts and mobile wallets to make transactions between African countries more efficient, Governor Dr. Johnson Pandit Asiama said, according to local media reports. Speaking at the IMF-World Bank Annual Meetings in Bangkok, Asiama said the ini

NAIROBI — The Cabinet has approved $350 million (Sh45.4 billion) in financing for Kenya Airways (KQ) to cover urgent financial obligations, including aircraft maintenance and returning grounded planes to service, as the government moves to shore up the struggling national carrier. According to a Cabinet dispatch released on Friday, the financing will be rele

Elon Musk’s net worth has climbed back above the $1 trillion mark after a renewed rise in SpaceX’s stock price pushed the Tesla CEO’s fortune higher. Musk became the world’s first trillionaire earlier this year after SpaceX’s blockbuster initial public offering in June sent the value of his holdings soaring. His wealth later declined as […]

LAMU, Kenya, October 1, 2026 — Kenyan President William Ruto and Nigerian industrialist Aliko Dangote presided over the groundbreaking of a proposed $16 billion petroleum refinery in Mokowe, Lamu County, on September 30. Designed to process 700,000 barrels of crude oil daily, the project is intended to expand regional refining capacity and support industrial

KIGALI, Rwanda — September 22, 2026: President Paul Kagame met Dr. Regis O. N’Sonde, an Executive Director at the International Monetary Fund (IMF), at Urugwiro Village in Kigali on Tuesday for discussions centered on Rwanda’s economic performance and its continuing cooperation with the international financial institution. According to Rwanda’s Presidency, N

KIGALI, Rwanda — Sept. 19, 2026 — Rwanda’s national carrier, RwandAir⁠, is preparing for a significant expansion of its international network, with Frankfurt, Mumbai and Guangzhou among the cities under consideration as the airline strengthens long-haul connectivity between Africa, Europe and Asia. The strategy includes adding five Airbus A330-200 aircraft a

KIGALI, Rwanda — Rwanda’s economy expanded by 9.4 percent in the second quarter of 2026 compared with the same period a year earlier, extending a period of strong economic activity as industry, construction, mining and services contributed to growth, according to official national accounts released on September 15 by the National Institute of Statistics of [

The $21 million Farmers’ Organizations Financing Programme–Rwanda (FOFP-R) was launched on 4 September 2026 through a partnership involving the International Fund for Agricultural Development (IFAD), Bank of Kigali and Aceli Africa. The programme aims to expand access to finance for Rwanda’s agricultural sector, particularly farmer organizations that have tr

KIGALI, Rwanda — President Paul Kagame on Wednesday, September 2, joined a meeting of the Rwanda Development Board’s Board of Directors, placing renewed emphasis on effective delivery, institutional accountability and a stronger business environment as Rwanda advances its private-sector-led economic development agenda. According to an official statement from

NEW YORK — An Air China Boeing 747-8 was grounded at John F. Kennedy International Airport following a refueling incident that reportedly damaged part of the aircraft’s fueling system and caused fuel to spill onto the airport apron. The incident occurred in the early hours of August 31 as the aircraft was being prepared to […]

Blaze engulfs Ndayizamba Gallery and Le Parisien in the capital's commercial hub, with firefighters battling flames for hours A devastating fire ripped through two of Bujumbura's largest shopping galleries in the early hours of Friday morning, sending thick plumes of black smoke over the city centre

Presidents Ramaphosa and Mnangagwa co-chair the Fourth Session of the Bi-National Commission, with six new agreements signed to boost bilateral relations South African President Cyril Ramaphosa and Zimbabwean President Emmerson Mnangagwa convened in Pretoria on Friday for the Fourth Session of the Z

The African Development Bank shifts focus from infrastructure to agriculture, aligning with Rwanda's National Strategy for Transformation The African Development Bank (AfDB) has announced plans to invest more than $400 million (approximately Rwf588 billion) in Rwanda's agriculture sector over the ne

KIGALI, Rwanda – The Development Bank of Rwanda (BRD) PLC has signed a landmark financing agreement worth over FRW 4.5 billion with Jali Finance, a Rwandan non-deposit-taking financial institution, to expand access to electric motorcycles and accelerate the country's transition to cleaner, more sust

Kenyan President William Ruto has reaffirmed his administration’s commitment to expanding development initiatives in Turkana County, emphasizing that the region’s abundant natural resources and economic opportunities should be harnessed to improve the lives of local communities while contributing to

Aston Villa Football Club has confirmed that its 2026/27 adidas home shirts will officially feature the Visit Rwanda branding as the club begins retail sales of the new kits on August 7, marking the latest step in a multi-year partnership announced earlier this year. The branding will appear on newl

Central African nation opens doors to Rwandan agricultural expertise as both countries seek to strengthen bilateral cooperation KIGALI — Gabon is preparing to offer substantial tracts of arable land to Rwandan investors as part of a broader strategy to transform its agricultural sector and reduce de

Kenya has announced significant progress toward the development of a modern metropolitan mass rapid transit system designed to address chronic traffic congestion and improve mobility across Nairobi. President William Ruto said the initiative represents a major step in transforming transportation inf

BRUSSELS — The European Union is preparing its most sweeping sanctions package to date against entities accused of fueling Russia’s war in Ukraine, a move that would blacklist over 1,600 companies with combined annual revenues exceeding $20 billion and a workforce of more than 265,000 people. If ado

ADDIS ABABA, Ethiopia – In a ceremony hailed as a triumph of African diplomacy, Equatorial Guinea and Gabon on Friday signed a Joint Engagement Agreement committing both nations to the full implementation of the International Court of Justice’s May 19, 2025 judgment on their decades-old territorial

KAMPALA, Uganda — The East African Community (EAC) Monetary Affairs Committee has reaffirmed its commitment to introducing a single East African currency by 2031, pledging to deepen regional financial integration despite persistent challenges in meeting key economic benchmarks . The commitment was m