Market News Page No. 193| Africa Business News | Afrotrade

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Rwanda: Telecoms Turn to Data as Voice Revenues Dip

With growing competition and diminishing voice revenues, Rwanda's telecom firms are increasingly turning to the data market segment to stay competitive and profitable. The situation (low voice earnings) is compounded by the declining (active) subscriber numbers and the increasing popularity of messaging services such as WhatsApp, Messenger or Viber, industry insiders say, adding that the market is 'overcrowded' and.... Read more »

Posted on : Wednesday , 9th August 2017

Alibaba CEO Jack Ma Announces 4 Big Projects at Youth Connekt Summit

Chinese Billionaire Jack Ma has announced four groundbreaking projects at the ongoing Youth connekt summit in Kigali, Rwanda. The billionaire arrived with a delegation aboard three planes that landed at Kigali international airport to attend the summit also attended by Rwanda President Paul Kagame. Without beating around the bush, Jack took the microphone thanked delegates attending the summit. Under project.... Read more »

Posted on : Wednesday , 9th August 2017

Assam�s Luxmi Tea to develop 4,500 hectare plantation in Rwanda

In a first for an Indian company, Assam’s Luxmi Tea Co. Pvt. Ltd has concluded a deal with the government of Rwanda to develop around 4,500 hectares (ha) of tea plantation jointly with local growers. Capping three years of negotiations, Luxmi Tea has secured 438ha under lease from the Rwandan government. The company will support local growers with know-how to cultivate 4,000ha more, and buy their crop paying a 44% share of.... Read more »

Posted on : Wednesday , 9th August 2017

IMF Commends Rwanda�s Economic Reform

The International Monetary Fund executive directors has commended Rwandan government for maintaining economic stability, and for its sound macroeconomic policies and progress with economic reform in recent years. Based on the assessment report issued by IMF, policies and progress made in process, have virtually contributed to strong economic growth and poverty reduction Rwanda’s economic development. Following the.... Read more »

Posted on : Wednesday , 9th August 2017

Rwanda: E-Health Key in Leveraging the Quality of Healthcare Services

Information and communication technology (ICT) is no longer just bits and bytes; it has become a tool to scale the world to greater heights. Various sectors have embraced it as a tool driving development, the health sector inclusive. During the African Health Forum of the World Health Organisation that was held last month, e-health was one of the topics discussed. e-health is the use of ICT to provide and support.... Read more »

Posted on : Wednesday , 9th August 2017

Rwanda: Foodstuff Prices Drop in Kigali

Prices for most foodstuffs, especially vegetables, have generally decreased in Kigali city and suburbs, a mini-survey by Business Times indicates. Tomatoes go for Rwf500 per kilogramme from Rwf1,000 last month, carrots cost Rwf500 per kilo down from Rwf700, while that of fresh beans is at Rwf500 compared to Rwf700 previously. A kilogramme of eggplants costs Rwf500 from Rwf700 and onions go for Rwf500 a kilogramme, down from.... Read more »

Posted on : Wednesday , 9th August 2017

Rwanda�s inflation rate slows to 4.8% in June

Rwanda’s inflation rate dropped to 4.8 per cent in June compared to 6.5 per cent recorded in May, the National Institute of Statistics of Rwanda monthly consumer price index (CPI) indicates. However, this is slightly higher than the 4.1 per cent recorded during the same period last year. The rate was down 0.8 per cent on a monthly basis, the report indicates. Rwanda uses CPI to measure price movements over time on a selected basket.... Read more »

Posted on : Wednesday , 9th August 2017

Rwanda in Talks With Alibaba Group Founder

He tried many things in life but failed many times, for example he applied for many jobs and was rejected but didn’t give up. He also started an online commerce project and it nearly failed but later succeeded to become China’s richest man. Jack Ma, a Chinese billionaire and founder of Alibaba is scheduled to fly to Rwanda and share entrepreneurial skills with Rwandan youth. “Legendary Chinese business.... Read more »

Posted on : Wednesday , 9th August 2017

Officials break ground on Rwanda's 3.6-MW Musanze small hydropower project

Work on Rwanda's 3.6-MW Musanze hydroelectric project is now under way following a groundbreaking ceremony held earlier this week. The small hydropower plant is to be located on the Mukungwa River and will actually be built in two phases. The first, a 2.6 MW project called Rwaza 1, is expected to be completed within 18 months, while a second 1 MW addition being called Rwaza 2 will be constructed later. The Musanze project.... Read more »

Posted on : Wednesday , 9th August 2017

East Africa: Lighting East Africa

In East Africa, more than 200 million people are off the grid, accounting for around 80 per cent of its population. Ethiopia, Kenya and Uganda are among the most populous countries in the region, and have the largest populations both with and without access to electricity. The region, much like the rest of Africa, has continued to display a diverse range of economic and energy sector development. Yet, it is not only the.... Read more »

Posted on : Wednesday , 9th August 2017

Police light more villages with solar energy

One of the many community development activities that Rwanda National Police (RNP) is currently engaged in as part of the ‘Police Week 2017’, is to connect at least one village with solar home systems, in each of the 30 districts across the country. On Friday, Kirebe Village in Rwimiyaga Sector, Nyagatare District, and Cyabuti Village of Suti Cell, Mugano Sector in Nyamagabe District were added to the growing number of.... Read more »

Posted on : Wednesday , 9th August 2017

Leapfrogging into the light

Mobile phones were the “leapfrog” infrastructure of the last decade. They allowed governments and companies in developing countries to skip installing landline systems underground. Off-grid solar home systems are proving to be the leapfrog infrastructure of the current decade. They have helped the government of Rwanda, for example, to switch its role from provider of energy to facilitator and regulator of private-sector.... Read more »

Posted on : Wednesday , 9th August 2017

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