The value of mobile payment volumes increased by 206 per cent in 2020 to Rwf 7.177 billion from Rwf2.349 billion in the previous year, statistics from the central bank show. Mobile payment transactions increased by 85 percent from 378.8 million transactions in 2019 to 701 million transactions. In 2020, Mobile points of sale (POS) increased...
Fintech products have proved essential during the global Covid-19 crisis for the majority of the African population still unbanked. The sector which shows continued growth is attracting more interest. Mobile operator MTN Rwanda has big ambitions for the mobile and online financial services market. For this purpose, the telecoms company wants to create a subsidiary specifically dedicated...
ICT and Innovation Minister Paula Ingabire has been named founding board member of EDISON Alliance, a new global venture set to close the digital divide. Essential Digital Infrastructure and Services Network, or EDISON Alliance, was launched to accelerate digital inclusion, address inequality, and connect critical sectors of the economy. The development was announced during the...
If all regulatory approvals are met, MTN Rwanda could welcome new local shareholders within a few months. This will be the materialization of its desire to allow more Rwandans to benefit from the financial opportunities offered by telecoms. The Rwandan subsidiary of the South African telecoms group MTN has announced its intention to list part of...
Africa50, a pan-African investment platform is set to pilot a high-speed broadband concept to homes and SMEs in low income and semi-rural areas in Rwanda following an initiative aimed at sourcing innovative solutions, to help increase access to reliable and affordable internet connectivity in under-served areas across Africa. The financier early this month announced winners...
Africa50, a pan-African investment platform is set to pilot a high-speed broadband concept to homes and SMEs in low income and semi-rural areas in Rwanda following an initiative aimed at sourcing innovative solutions, to help increase access to reliable and affordable internet connectivity in under-served areas across Africa. The financier early this month announced winners...
Contrary to popular belief, eight out of the top 50 cheapest countries in the world for mobile data are in Sub-Saharan Africa. This is in stark contrast to the cost of broadband on the continent, which is almost universally very high or non-existent. In the sub-region, Rwanda which is weaving its way to becoming Africa’s...
Rwanda plans to increase the Internet coverage rate of public secondary schools to 62% this year. The ultimate goal is to achieve universal Internet connectivity by 2024. Out of 1,459 public secondary schools, 724 are already connected to the Internet, of which 678 are connected to 4G. According to the Rwanda Education Committee (REB), the current...
Rwanda has been selected to lead the Giga initiative of connecting every school in Africa by 2030. The initiative was launched in 2019 by the United Nations Children’s Fund (UNICEF) and the International Telecommunication Union (ITU), with aim to provide connectivity to every school in the world by 2030. Statistics show that so far some...
In an interview with KT Press on April 3, 2020, Rwanda’s ICT and Innovation Minister Paula Ingabire said the bankruptcy of satellite internet connectivity provider OneWeb does not will not affect the country. The minister wanted to be reassuring with regard to the investment made by the government in 2019 in OneWeb to launch the “Icyerekezo”...
