East Africa

Rwanda’s New Ambitious $2Bn International Airport’s Ground-level Works 85% Complete.

by Jonathan LAfricaEast AfricaHospitality & TourismIndustry & AnalysisNews & AnalysisJuly 22, 2024July 22, 2024

The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed…

A Credit Rating Agency for Africa to Rival Moody’s and Fitch, Set to be Launched in 2025.

by Jonathan LEast AfricaGlobal NewsIndustry & AnalysisNews & AnalysisJuly 22, 2024July 22, 2024

A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and…

Uganda Crowned “Best Investment Destination in Africa” at Prestigious Annual Investment Meeting in Abu Dhabi.

by Jonathan LEast AfricaNews & AnalysisJuly 11, 2024July 11, 2024

In a major coup, Uganda has been named the “Best Investment Destination in Africa” at the prestigious Annual Investment Meeting (AIM) held in Abu Dhabi, United Arab Emirates. This marks…

Charting the Rise of Private Capital in East Africa: EAVCA’s 10-Year Impact Report.

by Jonathan LEast AfricaIndustry & AnalysisNews & AnalysisStartupsJuly 9, 2024July 9, 2024

The EAVCA (East Africa Venture Capital Association) is the primary industry association for East Africa’s private equity and venture capital ecosystem. It was founded in 2013 to represent the private…

Mastercard Foundation Taps Seasoned Kenyan Business Executive Carole Wamuyu Wainaina for Board of Directors

by Jonathan LAfricaBusiness GuruEast AfricaGlobal NewsIndustry & AnalysisNews & AnalysisProfilesJune 27, 2024June 27, 2024

Mastercard Foundation has appointed Kenyan business executive, Carole Wamuyu Wainana to its Board of Directors. Carole joins Mastercard Foundation on the back of a tremendous 35-year career as a business…

Pearl Capital Partners, Announces Exit from Enimiro, a Vanilla Exporter.

by Jonathan LEast AfricaFinanceIndustry & AnalysisNews & AnalysisJune 27, 2024June 27, 2024

The Yield Uganda Investment Fund, managed by Pearl Capital Partners, has announced the successful equity investment exit from Enimiro, a Ugandan vanilla processor and exporter. This exit, the first of…

East Africa’s Top Private Equity Players to Meet in Kampala’s Lakeside Speke Resort Convention Centre for Region’s Largest Private Capital Gathering

by Jonathan LAfricaEast AfricaFinanceNews & AnalysisThe Big StoryJune 8, 2024June 8, 2024

Uganda is set to host the 8th edition of the East Africa Venture Capital Association (EAVCA) Annual Private Capital Conference on the 13th of June 2024 at Speke Resort Convention…

AFRICA’S RICHEST 2024⎮ S.Africa, Egypt and Nigeria Dominate Forbes Billionaires List

by Jonathan LBillionairesEast AfricaLists & RankingsThe Big StoryTop 10June 6, 2024June 6, 2024

Forbes Africa released its annual list of Africa’s billionaires with its 2024 class of 20 billionaires now worth $82.4bn. Collectively, these billionaires would be the 18th richest person in the…

Construction of Kigali Innovation City Project to Kick Off in September.

by Jonathan LAfricaEast AfricaICTIndustry & AnalysisNews & AnalysisStartupsThe Big StoryJune 4, 2024June 4, 2024

Rwanda is set to commence the construction of its ambitious Kigali Innovation City (KIC) in September 2024 after key details regarding the project’s financing were agreed upon on the sidelines…

Rwanda’s Capital Market’s Authority (CMA) Welcomes its New CEO.

by Jonathan LAfricaBusiness GuruEast AfricaFinanceIndustry & AnalysisNews & AnalysisJune 4, 2024June 4, 2024

The Capital Markets Authority (CMA) of Rwanda has welcomed seasoned Botswana financial markets guru, Thapelo Tsheole, as its new Chief Executive Officer (CEO) replacing Eric Bundugu who has been acting…