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Rwanda Launches Africa’s First Centre of the Fourth Industrial Revolution

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Rwanda’s Largest Bank Takes a Major Step Towards Modern Digital Banking

The Bank of Kigali. Image sourced from Frontier Africa Reports. Temenos, the Swiss banking software company, today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on the Temenos platform effectively taking a major step towards modern digital banking practices. According to the software firm, replacing its core banking system with Temenos open platform for composable banking allows Bank of Kigali to break free from legacy constraints and accelerate its digital transformation. Bank of Kigali can now quickly expand its digital channels and engagement to deliver faster, smarter customer experiences, according to Temenos. Renewed through Temenos’ platform, Bank of Kigali aims to double its retail and SME customer base to over one million in the...

Does the Pandemic’s Impact in East Africa Demand Accelerated Digital Transformation?

Image sourced from US News. The COVID-19 pandemic has had a severe socio-economic impact in East Africa. While the region has escaped the worst of the health impact – infection and mortality rates are comparatively low next to those of Europe – the impact on businesses, communities and households has been devastating. With the exception of Kenya, Tanzania and Djibouti, countries in the region experienced negative real GDP growth in 2020, although all countries (with the exception of Sudan) are forecast to record positive growth this year. Traditional foreign exchange revenue sectors such as international tourism have all but disappeared. Data from the UN indicate that tourism numbers declined by 91% in Kenya: in August 2019, the country received 162,000 tourist visitors. By August 2020, th...

How Rwanda is Encouraging an Entire Generation of Women in Tech

Sourced from Women in Tech Africa. In 2020, Rwanda was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report. It ranked in the top four in the Report’s political empowerment category, in recognition of the high proportion of Rwandese women lawmakers and ministers. Rwanda, therefore, seemed a natural fit for a 2018 pilot programme of the African Development Bank’s Coding for Employment initiative, with Nigeria, Kenya, the Ivory Coast and Senegal. The Coding for Employment flagship programme is establishing 130 ICT centres for excellence in Africa, training 234,000 youths for employability and entrepreneurship to create over 9 million jobs. Hendrina C. Doroba, Manager in the Education, Human Capital and Employment Division at the Bank, explains ...