Tanzania and Rwanda have agreed to work together to promote the telecommunications sector, especially Information and Communication Technology, in order to increase productivity in the sector’s contribution to the development of the two countries. This was revealed during a recent visit by the Rwandan Minister of Information and ICT, Paula Ingabire who was accompanied by...
MTN Rwanda has announced it is the first mobile network operator to list its shares on the Rwanda Stock Exchange (RSE). In early April the company announced approval by the Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) of its listing by introduction on the RSE and the approval of Crystal Telecom’s (CTL) shareholders...
MTN Rwandacell (MTN Rwanda) is looking to make its debut on the Rwanda Stock Exchange (RSE) on 4 May 2021. In a statement, the company says this announcement follows the approval by the Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) of MTN Rwanda’s listing by introduction on the RSE and the approval...
The Information and Communication Technology grew by 29 per cent in 2020, the latest figures from the National Institute of Statistics of Rwanda (NISR) on Thursday, March 18th, show. The statistics show that the ICT sector was one of the few sectors that registered a positive trend in the past year, owing to the Covid-19...
The previous obstacles to payments between different mobile money service subscribers will soon be a memory. Financial inclusion is expected to increase in Rwanda by the end of 2021. In virtual plenary session, the Chamber of Deputies of the National Assembly of Rwanda adopted on Monday 1 st March, the resolution of interoperability with financial services, including mobile. It...
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...
