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Category Archives: Rwanda News
STEG-IS returns as platinum sponsor for iPAD Rwanda Energy Infrastructure Forum in Kigali in November
“STEG-IS has performed a significant ER project in Rwanda”
Investor sentiment for hotels in Sub-Saharan Africa remains positive despite economic headwinds in key markets, according to the latest JLL research into the sector. The long-term outlook continues to be strong and is driven by positive economic, demographic and tourism trends, with all indicators pointing to continued hotel demand growth as the region’s economy and hotel sector continue to mature.
In October, AviaDev Africa conference will be happening in Rwanda’s capital –Kigali. The conference which has been planned to spur discussions on the future air connectivity in Africa while marginally reinforcing the cooperation between the hotel and airline businesses. The conference was welcomed by Wolfgang M. Neumann, President and CEO of The Rezidor Hotel Group. Wolfgang, CEO of one of the world’s leading hotel chains, will also be partaking in a panel discussion which is centered on tourism infrastructure in Africa at the Africa Hotel Investment Forum (AHIF) which will be hosted alongside the AviaDev Africa. It is expected that the event will attract and converge top-level international investors, business leaders, industry experts, government ministers and officials, from around the globe.
Analysis of International air travel to East Africa this year (January to August) by ForwardKeys, a company that predicts future travel patterns by crunching and analysing 14m booking transactions a day, reveals strong growth of 11.2% compared with the same period last year.
Africa is the only continent where more than half of parents are unable to help their kids with their homework due to illiteracy. A report by the United Nations Education, Scientific and Cultural organization (UNESCO) indicates that about 38 percent of African adults are illiterate, two thirds of this number is said to be women.
Optimal Islamic Financial products are available to support rural economies: Zubair Mughal
In Eastern Africa, debt stocks have risen rapidly over the past five years, but debt ratios appear to remain manageable, according to the UNCTAD Economic Development in Africa 2016 Report on “Debt Dynamics and Development Finance in Africa” which was released in July in Nairobi during UNCTAD 14.
#AHIF16 #Rwanda will unpick the major challenges and opportunities facing the hospitality industry in Africa http://ow.ly/uNXh302E2Rn
The German commercial storage system manufacturer Tesvolt has been awarded the contract to supply the world’s largest decentralized off-grid storage system, which acts as a mini-grid during power cuts. The company is set to deliver a lithium storage system with a total capacity of 2.68 megawatt-hours (MWh) which will provide water pumps in an agricultural project in Rwanda’s Eastern Province with emergency power. The 3.3 MW solar power plant and the storage system are being engineered and constructed by the international system integrator IdeemaSun energy.
Ibis Styles has emerged as the front-runner for the number of planned hotels in Africa, knocking back Hilton and Radisson Blu which for years have been locked in a contest for first and second place.
Africa’s CEOs look to innovation and technology to stimulate growth in uncertain global economic environment
In Africa’s boardrooms growth is on the agenda – together with addressing stakeholders’ expectations and concerns and managing the pipeline of talent. Business strategies of companies include the growing of regional operations, investing in and developing innovative and technological products and services, and strengthening of internal management structures. These are some of the key highlights of PwC’s Africa Business Agenda (http://www.PwC.com), 2016 survey released at the 26th World Economic Forum on Africa in Kigali.
Building on the success of its program in West Africa, Stanford Seed (gsb.stanford.edu/seed/home), the Stanford Institute for Innovation in Developing Economies, has announced the launch of the Seed Transformation Program in East Africa (gsb.stanford.edu/seed/transformation-program/east-africa).
Is social entrepreneurship the new face of development? A recent impact report released by Reach for Change (www.Africa.Reachforchange.org) suggests it might be.
Africa has been an investment magnet for around a decade. Meanwhile recent trends show that the growth of the continent will slow down.