Bank of Kigali digital platform disburses over US$7.7m in first half of 2019

Bank of Kigali digital platform disburses over US$7.7m in first half of 2019

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RWANDA – Bank of Kigali’s digital product, BK Quick disbursed US$7.7 million (Rwf 7.1bn) as of June 2019 according to the bank’s financial statement, reports New Times Rwanda. This is one of the bank’s digital efforts in a bid to increase financial…

World Bank pledges US$125m to support Rwanda’s universal electrification project

World Bank pledges US$125m to support Rwanda’s universal electrification project

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RWANDA – The World Bank has signed a $125million (Rwf112billionn) credit agreement with the government of Rwanda to support the government’s nationwide electrification project. According to New Times Rwanda, The Minister for Finance and Economic Planning, Uzziel Ndagijimana and the World Bank…

Rwanda partners with IFAD in US$24.7m project to enhance climate resilience

Rwanda partners with IFAD in US$24.7m project to enhance climate resilience

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RWANDA – The International Fund for Agriculture Development (IFAD) has partnerd with Rwanda in a new US$24.7 million project that aims to improve food and nutrition security, climate resilience and raise incomes by increasing production.   The projects dubbed “Kayonza Irrigation and Integrated…

Sweden’s Norrsken opens East Africa startup fund and hub in Rwanda

Sweden’s Norrsken opens East Africa startup fund and hub in Rwanda

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RWANDA – Norrsken Foundation, a co-working space and investment fund based in Sweden, has opened its tech fund and entrepreneurship hub in Kigali Rwanda to support ventures across the region. The Kigali center is Norrsken’s first launch outside of Sweden and the…

Volkswagen South Africa eyes Rwanda’s electric vehicle market

Volkswagen South Africa eyes Rwanda’s electric vehicle market

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SOUTH AFRICA – Volkswagen South Africa (VWSA), leading electric car producer in Africa, has unveiled plans of introducing electric cars in Rwanda, reports Business Report. According to Thomas Schaefer, managing director of VWSA, the motor company has already conducted a market survey…