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Africa Business News

Rwanda Tender and Business News

IMF Completes In-Person Review of Rwanda's Economic Policies

Laure Redifer led an International Monetary Fund (IMF) team on an in-person visit to Rwanda from October 25-November 8, 2017. The purpose was to review potential economic policies to help complete the eight and third reviews of Rwanda's PSI and SCF-supported programs.

Report on Africa Airline Seat Capacity Shows Major Drop

According to a report from Valencia, Spain, based ForwardKeys on airline capacity in Africa, Lagos, Nigeria in particular is showing a significant seat capacity decline in 2017. According to a spokesperson from AviaDev, a major airline route development conference in Africa, this comes directly from the difficulty in bringing revenues back out of the country in 2016.

Three Agencies Pull Together to Fund Food Security in Rwanda and Tanzania

As a means to improve food security in Rwanda and Tanzania, the Washington, D.C. based International Finance Corporation (IFC) and the Global Agriculture and Food Security Program (GAFSP), a fund coordinated by the World Bank, are launching smallholder farmer financing programs with the United Nations World Food Programme (WFP).

New Plan Rolling Out to Halt Spread of Fall Army Worm in Southern Africa

The fall army worm has expanded so rapidly in southern Africa that its presence is behind a cut in this year's regional maize harvest forecast by up to 10 percent. A new multi-part plan to increase surveillance and research to contain the worm may help push back the agricultural menace.

Africa Hotel Investment Forum Delivered ~$16.8M to African Economies

Ever wonder what trade shows and conferences can mean economically to host countries in Africa? A new independent audit of the influential Africa Hotel Investment Forum (AHIF) (www.Africa-Conference.com) by Grant Thornton, and international audit, tax and advisory company, says that single conference alone has delivered ~$16.8 million to African economies.

Two-Tier Implementation for Common ECOWAS Currency Recommended

Taking a page from the EU playbook, the Economic Community of West African States (ECOWAS) is well on its way to introducing a common currency for the region. Former Nigerian President Olusegun Obasanjo strongly recommends ECOWAS should consider a two-track approach to proceed, one for those who are ready now and one for those not yet set up for the new currency.

Rwanda Women's Organization and AfDB Launch Rwanda Honey Value Chain Project

The Organisation pour la Promotion de la Contribution Active de la Femme Rwandaise au Developpement (SERUKA), a national women's organization with the goal of enhancing women's economic empowerment in Rwanda, in partnership with the African Development Bank has just launched the Rwanda Honey Value Chain Project to increase honey production.

African Women Leaders Network Formed

The formation of the African Women Leaders Network, a major new initiative with the goal of enhancing the leadership of women in the transformation of Africa, was just announced by co-founders UN Women, the African Union Commission and the Permanent Mission of Germany.

Israel Pledges $1B for Green Energy Projects in West Africa

The Economic Community of West African States (ECOWAS) and the State of Israel just signed a Memorandum of Understanding to advance green energy projects across ECOWAS's 15 member states. It includes a commitment to invest $1 billion for those projects via Energiya Global, Israel's largest solar developer.

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