African Business News

Rwanda: Bk Wins Fourth Bank of Year Award, Launches Express Money

It has been indeed a successful year for Bank of Kigali, Rwanda’s largest financial institution by market share of total assets, loans, deposits after scooping the Bank of the Year 2012 Award from the Banker Magazine. This is the fourth consecutive year the bank is winning the award.

The Award, introduced in 2000 by the Banker magazine, is given to leading

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Senegal: Bumper Grain Harvest Expected in South

Dakar – Farmers in Médina Yoro Foula, in Senegal’s southern Kolda region, are expecting a good grain harvest this year, and hope to sell thousands of tonnes of grain in the local and regional markets.

“The harvest will be far better than last year’s,” said Moussa Sabaly, from the Regional Office for Rural Development (DRDR) in Kolda.

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Ifad and Agra Call for More Investment for Smallholder Farmers

London – Kanayo F. Nwanze, President of International Fund for Agricultural Development (IFAD) and Alliance for a Green Revolution in Africa (AGRA) President Jane Karuku called for a continued global push for increased smart investments in Africa’s agriculture, both by governments and the private sector. After speaking at the Chatham House Food Security 2012 Sustainable Intensification:

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Rwanda: Oil Prospects Gain Momentum

Prime Minister Pierre Damien Habumuremyi recently told parliament that studies done so far have shown that there are very high prospects of oil deposits in East Kivu Graben region of Rwanda.

This is the first ever solid confirmation from government on the stretched exploration activity by the Canadaian exploration firm, Vanoil Energy Limited.

Habumuremyi said: “Exploratory studies will continue. The first phase showed that there are many signs indicating that it is there.

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