Trending
- China integrates mega logistics firms to ease trade with Kenya, Africa
- South Africa Inflation falls to a Four-Year Low Before Rate Decision
- A deep dive into how Africa’s hospitality industry is evolving to meet 2025 travel trends
- Green energy revolution in Kenya: How solar power is transforming rural communities
- Trump’s Presidential Win Influences Currency and Financial Decisions in Africa
- Gabon’s Referendum: the First Step Toward a Return to Civilian Rule
- COP29: Africa calls for fair GDP valuation of its $6 trillion natural wealth
- Africa’s rising global role as BRICS onboards Egypt and Ethiopia
Rwanda
- Rwanda is considering agro-processes to enhance its geothermal resources base.
- Africa’s geothermal investments are projected to reach $35 billion by 2050.
- By 2050, geothermal power capacity in Africa will more than double Europe’s capacity.
Rwanda geothermal energy offers the East African country a way to diversify its sources of electricity and reduce reliance on imported energy. According to official reports, Rwanda is aiming to add 30 megawatts of geothermal power to its electricity grid but it is also considering other uses of the energy resource, owing to the costs related to electricity generation using geothermal resources.
“We are focusing on developing direct heat utilization and continuing exploration for deeper resources to produce electricity in the future,” Eugene Karangwa, Head of Alternative Energies and Geothermal at Rwanda Energy Group (REG), announced recently. He said Rwanda is looking to utilize its geothermal resources directly for heating and drying, and not just electricity …
As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.
Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.
The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.
Currently, Africa’s power is …
- EIB has committed EUR 95 million to support companies that were most affected by the COVID-19 pandemic in Rwanda
- Bank of Kigali and KCB Bank Rwanda have been picked to manage the funds
The European Investment Bank has announced that it will support companies that were most affected by the COVID-19 pandemic in Rwanda, to a tune of EUR 95 million.
In a statement, the bank said it had picked Bank of Kigali (BK) and KCB Bank Rwanda to manage the funds, as well as provide new credit lines for Rwandan companies.
Commenting on the development, the Minister of Finance and Economic Planning Uzziel Ndagijimana welcomed EIB’s latest private sector engagement in Rwanda and the launch of its EUR 175 million East Africa COVID-19 Response Facility in the country.
Rwanda becomes the first country in East Africa to benefit from the new streamlined financing programme that will provide long term …
A new report has revealed that Rwanda’s tourism revenues from international visitors dropped by an estimated 35 percent in 2020 compared to 2019, with the total of number of visitors dropping by 47.2 percent in 2020.
The report, Economic impact of the COVID-19 pandemic on East African economies by Deloitte indicates that in the months of April and May, Rwanda saw a drop of 100 percent in the number of international tourists following the announcement of the lockdown.
The losses related to Meetings, Conventions and Exhibitions (MICE) tourism were estimated to be around USD 80m for events that would have been hosted between Mar-2020 and Nov-2020.
The report shows that Rwanda benefitted on a global scale as from the third quarter of 2020 after being included on the European Union’s list of ‘epidemiologically safe’ countries for travel.
“The Rwanda Development Board (RDB) continues to promote tourism in 2021. The board …
A plan seeking to revive tourism in East Africa has been approved, following the negative impact of the coronavirus pandemic on the sector.
Dubbed ‘The EAC Regional COVID-19 Tourism Recovery Plan’, the map was approved by the East African Community Sectoral Council led by Kenya’s Cabinet Secretary for Tourism and Wildlife, Najib Balala.
Tourism ministers from the East Africa Community noted that some partner states had already instituted measures such as the formulation of stimulus packages aimed at re-igniting the sector and supporting tourism investments including the Small and Micro Enterprises.
In his opening remarks, Balala underscored the importance of the Partner States working together especially in addressing the impact of the COVID-19 pandemic on the sector and in joint tourism recovery efforts.
“The COVID-19 pandemic has taught all of some really important lessons. For instance, domestic and regional tourism markets are really important and they can help in making …
In its fight against Covid-19 Rwanda has opted to have robots replace humans when coming into contact with infected persons.
With the support of the United Nations Development Programme (UNDP) Rwanda is to deploy its second set of three ‘THOR UVC’ robots.
What are these avenger bots all about? As its name suggests, the THOR ultra-violet (UVC) uses UVC to disinfect. Using room mapping technology, THOR UVC is able to go around a given cleaning space and disinfect it efficiently.
It uses UVC energy to kill germs and pathogens that way, the robots minimize contact of persons with the pathogens. So the deployment of the THOR UVC robots will help clean and disinfect Covid-19 risk areas like hospitals.
The robots will also serve to disinfect areas of mass gathering like border areas and market places as well as office spaces.
This second dispatch of robots was handed over on …
