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Rwanda Cycling Federation (Ferwacy) partnered with GIZ, a German development agency, to create ‘Ride Rwanda’, a cycling event to promote Rwandan inbound tourism, especially to the Kivu-Belt Region. CNBC Africa spoke with Rene Nkurunziza, Ferwacy’s Ride Rwanda Coordinator to look at the jobs and business opportunity creation in Kivu Belt through sports tourism development.</p>


How cycling could help boost tourism numbers in Rwanda’s Kivu-Belt

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Kenya climbed up to the fourth position of most attractive economies to invest in according to a new report from South Africa&#8217;s Rand Merchant Bank. Micheal Obaga from Cytonn Investments joins CNBC Africa for more.</p>


Kenya one of Africa’s most attractive economies for investment – survey

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The 37th African Union Development Agency &#8211; NEPAD Heads of State and Government Orientation Committee (HSGOC) Session took place over the weekend and there, Rwandan President Paul Kagame was elected Chairperson of one of its new agencies that will drive the continent towards achieving Agenda 2063 . CNBC Africa spoke to Ibrahim Mayaki, CEO of NEPAD, for more.</p>


AU Summit 2020: 37th HSGOC Session – Kagame tasked with driving Agenda 2063

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In a move by the government to have all telecommunication firms in the country to list on local bourse, new operating licences will be effective in June under a new regime. Each foreign-owned firm will be required to list at least 20 per cent of its equity on the bourse within two years. Also implementation of digital tax stamps in the country which were introduced in efforts to increase tax compliance and fight counterfeits is facing challenges. Analyst Charles Bwogi joins CNBC Africa for more.</p>


MTN Uganda: Forcing foreign Telcos to list locally may not boost Ugandan ownership

MTN Uganda: Forcing foreign Telcos to list locally may not boost Ugandan ownership, here’s why

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Egypt and Morocco have pipped South Africa to the post in RMB’s 2020 Where to Invest in Africa report reflecting Africa&#8217;s most industrialised country’s constrained levels of growth.</p>


Revealed: The best African countries to invest in during 2020

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According to the weather agency, the expected rainfall may affect post-harvest handling activities and ongoing infrastructure projects. Nsengiyumva Francois, President of the Chamber of Agriculture at the Private Sector Federation joins CNBC Africa to discuss what cautions farmers are taking to protect their crops against heavy rains.</p>


How Rwandan farmers are guarding their produce against heavy rains

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All members of the United Nations (UN) have recognised that the orphanages don&#8217;t protect children but in a world that is often affected by disaster, the role of orphanages has been praised by others. So can we really do away with the orphanages? CNBC Africa’s Arnold Kwizera spoke with the CEO of Hope and Homes for Children, Mark Waddington for more.</p>


How Rwanda is moving towards becoming Africa’s first free orphanage country

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<p>As the 33rd African Union Summit is underway in Addis Ababa, Ethiopia, CNBC Africa’s Godfrey Mutizwa spoke to Secretary General of the African Development Bank Group, Vincent Nmehielle for more.</p>


AU Summit 2020: AfDB’s Vincent Nmehielle on measures to drive inclusive economic growth in Africa

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East Africa is the hub of entrepreneurship, at least going by the World Economic Forum&#8217;s latest report but access to finance is still the biggest challenge for many start-ups in the region. CNBC Africa&#8217;s Arnold Kwizera spoke to Abraham Banadawa, Founder of Utilis Ventures, a block chain based funding platform trying to find a solution to this.</p>


This blockchain platform aims to bridge funding gap

This blockchain platform aims to bridge funding gap, facilitate financing for businesses

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Kenya has over the last decade experienced a significant growth in access to formal financial services with over 80 per cent of the population financially included. However, there has been a drop in usage of traditional bank accounts mainly due to cost. Francis Gwer, Policy specialist at FSD Kenya joins CNBC Africa for more.</p>


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Traditional Kenyan banks losing customers despite growth in access to financial services, here’s why

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The African Development Bank (AfDB) Group predicted Kenya&#8217;s 2020 GDP to grow at 6 per cent this year, boosted by favourable weather conditions and big-ticket investments around the Big 4 agenda on health, housing, manufacturing and agriculture. Also, Kenya’s private sector activity fell for the first time in nine months to January, largely due to weak consumer demand, pointing to poor cash flow in the country. Rodney Omukhulu, Assistant Investments Analyst at Cytonn joins CNBC Africa for more.</p>


Here’s how Big 4 agenda is expected to grow Kenya’s GDP by 6%

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The Food and Agriculture Organization (FAO) of the United Nations and Rwanda Development Board (RDB) have signed a Technical Cooperation Project aimed to digitalize commerce in agricultural value chains. Dr. Gualbert Gbehounou, FAO Country Representative of Rwanda joins CNBC Africa for more.</p>


Rwanda moves to digitise its agricultural value chains to increase productivity

Rwanda moves to digitise its agricultural value chains to increase productivity, revenues

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<p>Uganda quells a potential trade war with Kenya after a shipment of milk was impounded, MTN agrees to sell 49 per cent of its holdings in Uganda Tower Interco and will we be seeing Ugandan embassy in Jerusalem? Analyst, Kenneth Agutamba joins CNBC Africa for headlines coming out of Uganda.</p>


Uganda moves to quell tensions with Kenya over impounded milk

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<p>Africa-focused Venture Capital firm, TLcom has announced that it has secured an additional $31 million for its Sub-Saharan Africa (SSA) focused fund, increasing it to $71 million, so what do they plan to do with it? Founder and Managing Partner at TLcom Capital, Maurizio Caio joins CNBC Africa for more.</p>


This venture capital company plans to increase its SSA footprint with $31mn injection

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Ethiopia&#8217;s privatisation plans are in high gear with the government setting a date for the privatisation of her state corporations. Fairfax Africa Fund Chairman, Zemedeneh Negatu joins CNBC Africa for more.</p>


Ethiopia sets privatisation deadline for SOE’s to comply with new reforms

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Kenya has not faced the level of locusts invasion currently faced in more than 70 years a situation that might have an impact on the country&#8217;s agriculture export numbers. John Ashbourne from Capital Economics London joins CNBC Africa for more.</p>


Kenya’s worst locust infestation in 70 years threatens food security

Kenya’s worst locust infestation in 70 years threatens food security, exports


<p>DOHA (Reuters) &#8211; Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir, and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.</p>



<p>A stake in an African airline would widen its reach in one of the world’s fastest growing aviation regions, and potentially help it bypass restrictions imposed on it by some Arab states.</p>



<p>“We are very tough negotiators &#8230; we will take our time to negotiate,” Qatar Airways Chief Executive Akbar al-Baker told reporters in Doha.</p>



<p>Qatar Airways already owns stakes in British Airways-parent International Airlines Group, China Southern, Cathay Pacific, and LATAM.</p>



<p>It bought some of its stakes in other airlines since once-lucrative markets the United Arab Emirates and Saudi Arabia banned it from its airspace following a regional political dispute.</p>



<p>Qatar Airways has been forced to fly longer routes to avoid the blocked airspace of some of its neighbours.</p>



<p>The ban does not apply to non-Qatari airlines flying to Qatar. RwandAir could potentially carry passengers from Africa over the blocked airspace to the state-owned airline’s Doha hub without any airspace restrictions.</p>



<p>RwandAir could not be immediately reached for comment.</p>



<p>Qatar Airways agreed in December to take a 60% stake in a new airport in Rwanda.</p>



<p>Baker, one of aviation’s most well-know executives, also said the airline could be interested in increasing its holding in LATAM, and working with fellow shareholder Delta Air Lines.</p>



<p>“When the right opportunity comes and at the right price we will look at increasing our investment in LATAM,” he told Reuters.</p>



<p>Qatar Airways, which holds a 10% stake, would be interested in having a stake that is the “same like Delta,” which is 20%, he said.</p>



<p>Delta surprised the industry when it announced in September it was taking a $1.9 billion 20% stake in the South American airline group.</p>



<p>Qatar Airways has historically had a contentious relationship with Delta and other major U.S. carriers, which have accused Gulf airlines of receiving unfair government subsidies, distorting competition and costing Americans jobs. The Gulf carriers have rejected such accusations.</p>



<p>However, Baker said had no ill-feeling towards Delta, and was willing to work with the U.S. airline at its hub in Atlanta.</p>



<p>“We can transfer passengers on each other. We are the only Middle Eastern carrier going into their hub so there is huge opportunity,” he said.</p>



<p>Qatar Airways has also expressed interest in taking a stake in India’s IndiGo and Morocco’s Royal Air Maroc. A transaction with either airline has yet to take place.</p>



<p>Reporting by Alexander Cornwell; Editing by Peter Graff </p>


Rwanda

How cycling could help boost tourism numbers in Rwanda’s Kivu-Belt

Kenya one of Africa’s most attractive economies for investment – survey

AU Summit 2020: 37th HSGOC Session – Kagame tasked with driving Agenda 2063

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Rwanda

How cycling could help boost tourism numbers in Rwanda’s Kivu-Belt

Kenya one of Africa’s most attractive economies for investment – survey

AU Summit 2020: 37th HSGOC Session – Kagame tasked with driving Agenda 2063

MTN Uganda: Forcing foreign Telcos to list locally may not boost Ugandan ownership, here’s why

Revealed: The best African countries to invest in during 2020

How Rwandan farmers are guarding their produce against heavy rains

How Rwanda is moving towards becoming Africa’s first free orphanage country

AU Summit 2020: AfDB’s Vincent Nmehielle on measures to drive inclusive economic growth in Africa

This blockchain platform aims to bridge funding gap, facilitate financing for businesses

Traditional Kenyan banks losing customers despite growth in access to financial services, here’s why

Here’s how Big 4 agenda is expected to grow Kenya’s GDP by 6%

Rwanda moves to digitise its agricultural value chains to increase productivity, revenues

Uganda moves to quell tensions with Kenya over impounded milk

This venture capital company plans to increase its SSA footprint with $31mn injection

Ethiopia sets privatisation deadline for SOE’s to comply with new reforms

Kenya’s worst locust infestation in 70 years threatens food security, exports

Qatar Airways in talks to buy 49% RwandAir stake

News Tips

Advertise With Us

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