Togo gets first female prime minister

Togo's President Faure Gnassingbe has appointed the country's first female prime minister.

 By

Agencies 

According to CNN, Victoire Tomegah Dogbe, 60, became the first female prime minister of the tiny West African nation of about eight million people.

With KCB Bank Rwanda, you can now open an account via mobile phone

KCB Bank Rwanda Plc has launched a mobile banking service dubbed “M-Banki” that will enable non-customers to open a bank account using their mobile phones, eliminating the need to visit a branch.

 By

Times Reporter 

The development puts the bank among the first players in the local market to introduce tailor-made platforms targeting the unbanked population allowing access to financial services.

Got talent, integrity? Rwanda offers citizenship

Energy is the most notable sector in attracting foreign investors to put up industries. The promise of citizenship will add to the allure. FILE PHOTO | CYRIL NDEGEYA | NMG

Summary

• In a draft Organic Law Governing Rwandan Nationality that is expected to be debated by Parliament next month, Rwanda expects to woo more investors by offering them services, benefits reserved for citizens.
• In the Bill, Rwanda also plans to limit the possibility of acquiring citizenship through “fake” marriages.
• It will also require 15 years before a foreigner residing in Rwanda can apply for citizenship from the previous five years if the Bill is passed into law.

Politics, graft: The making of a risky investment region

EAC headquarters in Arusha, Tanzania. FILE PHOTO | NMG

Summary

• All the eastern African countries have recorded a less attractive investment climate and a rise in risks in the past year.
• The 2020 Africa Risk and Reward Index, released by consultancy firm Control Risks on September 15, says that Ethiopia, Kenya, Rwanda, Sudan, Tanzania and Uganda have seen their scores go down.

Investors scramble for Nigeria’s Islamic bond, defy religious criticism and bid $2b

Nigerian President Muhammadu Buhari. FILE PHOTO \ NMG

Summary

• The oversubscription of 446 per cent may reflect the high prospects the Islamic bonds present to Africa’s most populous country.
• The sovereign Sukuk is meant to finance 44 critical road projects in the six geopolitical zones of Nigeria.
• Its launching earlier this year attracted various investors, including ethical funds, insurance companies, fund managers and retail investors.

French court okays transfer of Rwanda genocide suspect to UN tribunal in Tanzania

A courtroom sketch made on May 20, 2020 showing Felicien Kabuga, one of the last key suspects in the 1994 Rwandan genocide. PHOTO | AFP

Summary

• Kabuga, arrested near Paris in May after 25 years on the run, had asked to face justice in France.
• He will be tried for his alleged role in the 1994 Rwanda genocide of some 800,000 people by Hutu extremists targeting minority Tutsis and moderate Hutus.
• Once one of Rwanda's richest men, Kabuga is alleged to have funnelled money to militia groups as chairman of the national defence fund.

Business - World Coffee Day: Nestlé Helps Boost Coffee Production in Africa

World Coffee Day: Nestlé Helps Boost Coffee Production in Africa

Africa accounts for about 12% of the world’s coffee production and the high-quality and taste of coffee from the continent are loved by coffee connoisseurs worldwide

ACCRA, Ghana, October 1, 2020/ -- Coffee farmer, Francois Dadi Serikpa (https://bit.ly/3l10941), from Gnamagnoa in Côte d’Ivoire, joined Nestlé’s (https://www.Nestle-cwa.com/) Nescafé Plan