Author: admin

  • Kigali Fight Night set to redefine African boxing #rwanda #RwOT

    Scheduled for November 8, 2025, at Zaria Court, Kigali Sports City, the highly anticipated event is set to become a defining moment for African boxing, bringing together some of the continent’s top fighters under one roof.

    Sanctioned by the Rwanda Boxing Federation, this premier continental showdown will feature elite boxers from Rwanda, Nigeria, Tanzania, Gabon, Kenya, and the Democratic Republic of Congo (DRC), uniting regional talent and showcasing the depth of African boxing prowess.

    The night will feature six professional bouts and five amateur fights, shining a spotlight on both established athletes and emerging stars from Rwanda.

    The fight card includes exciting matchups such as Jerry (DRC) vs Ally (Tanzania), Hans (Gabon) vs Joseph (Tanzania), David (Nigeria) vs Aziz (Tanzania), Precious (Nigeria) vs Flora (Tanzania), Daniella (DRC) vs Mukami (Kenya), and Frank (Rwanda) vs Nelson (Gabon).

    Each bout highlights the growing strength of African boxing, from rising stars within Rwanda to seasoned fighters representing powerhouse boxing nations.

    Fans can now secure their seats for this historic night as tickets are officially available through ticqet.rw.

    Multiple categories have been introduced to make the event accessible to everyone, from general admission to exclusive VIP experiences. The first wave of early bird tickets offers the following tiers: Bronze (RWF 10,000), Silver (RWF 12,000), Platinum VIP (RWF 60,000), and Diamond VVIP (RWF 100,000).

    The VVIP package includes ringside seats and access to the VIP lounge, while VIP seating is positioned in rows 2—4 just behind the ringside area, also with lounge access. Platinum seating offers premium floor placement, while Bronze tickets cover bleacher seating.

    The event, organized by Silverback Sports, Hammerton Barca, and Rwanda Events Group, will officially start at 6 PM on November 8. Fans are encouraged to arrive early to experience the energy, passion, and unity that this continental sporting showcase promises to deliver.

    For further information, inquiries can be directed to [email protected] or by phone at +250 787 048 410.

    About Silverback Sports Limited

    Silverback Sports Limited is a Rwandan sports promotion and management company dedicated to elevating African athletes to the global stage.

    Focused on innovation, sports, and community, Silverback Sports delivers world-class boxing events that inspire both athletes and fans.

    About the Rwanda Boxing Federation

    The Rwanda Boxing Federation is the governing body of boxing in Rwanda, committed to developing the sport, supporting athletes, and showcasing Rwanda as a competitive hub for international boxing.

    IGIHE

    Source : https://en.igihe.com/news/article/kigali-fight-night-set-to-redefine-african-boxing

  • Trump says 'war is over’ in Gaza as he flies to Israel for hostage release #rwanda #RwOT

    Speaking aboard Air Force One on Monday morning, Trump said the truce would hold and announced plans to establish a 'Board of Peace' to oversee Gaza’s reconstruction. He described the enclave as a 'demolition site' but predicted it would become 'a miracle' over the next decades.

    'Everybody is happy, and I think it’s going to stay that way,' Trump told reporters, praising Israeli Prime Minister Benjamin Netanyahu and Qatar for their roles in mediating the deal.

    Ceasefire holds as hostage release looms

    The ceasefire, which took effect on Friday, marks the first phase of a 20-point peace plan brokered by Washington. Under the deal, Hamas is expected to release the remaining hostages it has held since the October 2023 attacks, in which about 1,200 Israelis were killed and more than 250 taken captive.

    Twenty hostages are believed to be alive, while Hamas is expected to return the remains of up to 28 others. In return, Israel is set to release roughly 250 Palestinian prisoners and 1,700 detainees from Gaza, once the hostages reach Israeli territory.

    Israel’s military campaign in Gaza has killed more than 67,000 Palestinians, including over 18,000 children, according to the Hamas-run health ministry. The war left vast areas of Gaza in ruins and displaced more than 1.5 million people.

    Regional diplomacy intensifies

    Trump will address Israel’s parliament, the Knesset, before travelling to Egypt for an international summit in Sharm El-Sheikh aimed at formally ending the war. Egyptian officials said a 'document ending the war in the Gaza Strip' is expected to be signed, with leaders from over 20 nations in attendance, including UK Prime Minister Sir Keir Starmer and Palestinian President Mahmoud Abbas.

    Iran confirmed it was invited to the summit but said its top leaders would not participate, citing tensions with Western governments.

    Despite the ceasefire, Gaza’s humanitarian crisis remains dire. Aid convoys began entering the enclave on Sunday, though UN officials say the volume falls far short of the 600 daily trucks needed to address severe shortages of food, water and medicine.

    Palestinians returning to northern Gaza have found widespread destruction, with many homes reduced to rubble and unexploded ordnance scattered across residential areas.

    Meanwhile, reports from Gaza City indicate renewed internal clashes between Hamas security forces and members of the Dughmush family, leaving at least 27 people dead in one of the most violent domestic confrontations since Israeli troops pulled back.

    As Trump continues his tour, expectations are high but uncertainty remains over the next phases of the peace plan — including who will govern Gaza, whether Hamas will disarm, and how Israel will secure its borders.

    'I’m good at solving wars,' Trump said. 'I’m good at making peace.'

    Speaking aboard Air Force One on Monday morning, Trump said the truce would hold and announced plans to establish a 'Board of Peace' to oversee Gaza’s reconstruction.

    Wycliffe Nyamasege

    Source : https://en.igihe.com/news/article/trump-says-war-is-over-in-gaza-as-he-flies-to-israel-for-hostage-release

  • Rwanda inaugurates 151-kilometer road network worth over Frw 200 billion #rwanda #RwOT

    The three roads, covering a total of 151 kilometers, are located in different districts across the country.

    The official launch took place along the 73-kilometer Nyagatare—Rukomo road, which has already been in use for some time.

    The other two are the Huye—Kitabi road (53 km) and the Rubengera—Gisiza road (25 km).

    According to officials, the funds initially allocated for these road projects were efficiently managed, leading to a surplus that allowed the government to extend construction to other road sections and install street lighting along the 23-kilometer Rubengera—Gisiza stretch.

    The inauguration event was attended by government officials, residents, and representatives of development partners who financed the projects, including the Arab Bank for Economic Development in Africa (BADEA) and other institutions such as The Saudi Fund for Development (SFD), Kuwait Fund for Arab Economic Development (KFAED) and the OPEC Fund for International Development (OFID).

    Nyagatare District Mayor Stephen Gasana said the Rukomo—Nyagatare road has been a game changer for trade and transportation, especially by reducing travel time.

    Jean de Dieu Uwihanganye, the Minister of State for Infrastructure, highlighted that the newly inaugurated roads are already contributing to economic growth by facilitating the movement of goods and people.

    Uwihanganye also announced that plans are underway to install streetlights along the Nyagatare—Rukomo road, ensuring safer and more efficient transport.

    He added that the total cost of constructing the three roads, together with other works financed from the remaining budget, exceeded Frw 200 billion.

    Fahad Abdullah Aldossari, BADEA Board Chairman, said the bank remains committed to supporting Rwanda’s transport infrastructure, noting that out of the $300 million already provided to Rwanda, about $132 million has been directed toward road projects.

    Northern Province Governor Maurice Mugabowagahunde emphasized that the newly opened roads will serve as key drivers of tourism and trade, pledging that the provincial leadership will continue investing in complementary infrastructure to maximize their economic potential.

    The official launch took place along the 73-kilometer Nyagatare—Rukomo road, which has already been in use for some time.

    The inauguration event was attended by government officials, residents, and representatives of development partners.

    Fahad Abdullah Aldossari, BADEA Board Chairman, said the bank remains committed to supporting Rwanda’s transport infrastructure.

    The Rukomo—Nyagatare road has become a backbone for trade and connectivity.

    Jean de Dieu Uwihanganye, the Minister of State for Infrastructure, highlighted that the newly inaugurated roads are already contributing to economic growth by facilitating the movement of goods and people.

    Nyagatare District Mayor Stephen Gasana said the Rukomo—Nyagatare road has been a game changer for trade and transportation, especially by reducing travel time.

    Northern Province Governor Maurice Mugabowagahunde emphasized that the newly opened roads will serve as key drivers of tourism and trade.

    IGIHE

    Source : https://en.igihe.com/news/article/rwanda-inaugurates-151-kilometer-road-network-worth-over-frw-200-billion

  • Senegalese President Diomaye to visit Rwanda #rwanda #RwOT

    The visit was confirmed through a cabinet communiqué on Thursday.

    According to local news outlets in Senegal, the President will continue his East African tour with a visit to Nairobi, scheduled from October 19 to 21, at the invitation of Kenyan President William Ruto.

    The leaders of both countries have continued to strengthen the relationship between Rwanda and Senegal.

    President Kagame became the first Head of State to visit his Senegalese counterpart in May 2024, just a month after assuming office in April that year.

    President Kagame has made several visits to Senegal, with the most recent one taking place from August 31 to September 1, 2025, when he attended the Africa Food Systems Forum.

    The President of Senegal, Bassirou Diomaye Faye, is expected to make an official visit to Rwanda on October 17, 2025.

    IGIHE

    Source : https://en.igihe.com/news/article/senegalese-president-diomaye-to-visit-rwanda

  • IMF commends Rwanda’s economic resilience after successful final review of PCI #rwanda #RwOT

    A staff-level agreement was reached between IMF officials and the Government of Rwanda on Friday after a mission held in Kigali from September 29 to October 10, 2025.

    The program, launched in 2022, was designed to help Rwanda safeguard macroeconomic stability, strengthen policy credibility, and advance structural reforms without involving direct financial assistance.

    According to the IMF mission, Rwanda has met all quantitative targets under the PCI despite facing consecutive global and domestic shocks. According to the IMF, the revised economic growth averaged 7.2 percent in both 2024 and the first half of 2025, supported by strong performance in services, construction, and coffee exports.

    Additionally, inflation remained within the National Bank of Rwanda’s (NBR) target range of 2 to 8 percent, while international reserves provided coverage for 4.8 months of imports.

    Albert Touna Mama, IMF Mission Chief, commended Rwanda’s achievements, affirming continued partnership with Rwanda.

    'Rwanda’s economy has proven to be remarkably strong, even in the face of global challenges. The government’s consistent and well-planned policies have been key to this success. This partnership has helped lay a solid foundation for continued stability and growth, and the IMF remains a committed partner to Rwanda.'

    The final review highlighted continued progress in fiscal and monetary policy reforms. A newly adopted tax package is expected to place the tax-to-GDP ratio on an upward trajectory, enhancing domestic revenue mobilisation and reinforcing debt sustainability.

    While borrowing for the construction of the New Kigali International Airport in Bugesera is projected to raise debt levels in the near term, the project is considered a strategic investment with long-term benefits.

    Minister of State for National Treasury Godfrey Kabera emphasised the importance of the program, noting that the partnership has provided a valuable roadmap for Rwanda’s economic policy.

    “By focusing on raising our own revenues, spending wisely, and strengthening our institutions, we have built a more resilient economy. As we complete this program, our focus remains on ensuring that our growth is strong and inclusive,” Kabera stated.

    The IMF also emphasised the importance of continued fiscal consolidation, prudent expenditure management, and proactive, data-driven monetary policy to maintain stability. Draft amendments to strengthen the NBR’s mandate are expected to be submitted to Cabinet as part of ongoing institutional reforms.

    The IMF Executive Board is scheduled to consider the review in December 2025, marking the official completion of Rwanda’s three-year PCI.

    Albert Touna Mama, IMF Mission Chief, commended Rwanda’s achievements, affirming continued partnership with Rwanda.

    Albert Touna Mama, IMF Mission Chief, addressed the media at the Ministry of Finance and Economic Planning offices.

    Minister of State for National Treasury Godfrey Kabera emphasised the importance of the program, noting that the partnership has provided a valuable roadmap for Rwanda’s economic policy.

    National Bank of Rwanda Soraya Munyana Hakuziyaremye attended the press conference held at the Ministry of Finance and Economic Planning.

    IGIHE

    Source : https://en.igihe.com/business-62/article/imf-commends-rwanda-s-economic-resilience-after-successful-final-review-of-pci

  • Tribute to Marie Immaculée Ingabire ‘Mikii’: A voice for the voiceless #rwanda #RwOT

    A former colleague, Alloys Badege, called me and broke down in tears: 'Ingabire is dead! Ingabire is dead!' Rwandan men are not known for expressing grief through tears, yet here he was weeping like a child. That is how much she was revered.

    I last worked with Ingabire in June 1999, when I was a journalist. Print media, radio, TV, professional associations, you name it, she was there. Little did I know that more than 26 years later, so many people would still associate me with her. As if to confirm this connection, my daughter, who had known her since she was just nine years old and was fond of her, sent me a message.

    It read: 'Ingabire was passionate about accountability; she fought with style and a good sense of humour. Before that, she was a brilliant journalist; we will also remember her fiery articles in Imvaho Nshya, alongside those of Mweusi Karake, at a time when our national experiment was at a crossroads. You will be missed.'

    I later learned that this tribute was from Dr. Jean Pierre Kimonyo, a respected scholar, author, and Regional Director at the Levy Mwanawasa Centre for Democracy and Good Governance, under the International Conference on the Great Lakes Region (ICGLR). He is not one to offer praise lightly, which made his words even more meaningful.

    When I considered quoting his tribute, I debated with myself about whether to remove my name from it. To me, being mentioned alongside Mikii felt like over-glorification. I did not want to be celebrated. I wanted her to be. Yet editing out my name seemed like a rejection of the bond we shared. In the end, I respected the choice of the tribute-giver. And truthfully, I am proud to be associated with her. I know many others feel the same—women’s organisations, media houses, human rights activists, to mention just a few.

    Death consults no one, nor does God. Mikii, like all of us, knew that sooner or later death would come. But if she had been consulted on when to die, I swear she would have chosen October.

    It was in October 1990 that Rwanda’s liberation heroes made the decisive step to free our nation, knowing well that death could be the price. And die they did—starting with General Fred Gisa Rwigyema on October 2, followed by Major Peter Bayingana and Chris Bunyenyezi weeks later, and countless unnamed soldiers who carried the burden of war. As the Jamaican poet Claude McKay once wrote: 'If we must die, let it not be like hogs hunted and penned in an inglorious spot.'

    If Mikii had been consulted, she would have chosen to go in this season of heroes. Even in death, she departed a winner. If she had been at the frontlines, she would have died with the rank of a general. A hero she was.

    Mikii was born in 1961 in Bujumbura, Burundi, then part of the Belgian colonial territory of Ruanda-Urundi. But she was not born there by chance. She was born there because Belgian-backed PARMEHUTU leaders had already begun ethnic cleansing that would culminate in the 1994 Genocide against the Tutsi.

    She grew up, studied, and began her journalism career in Burundi, speaking Kirundi as her first language. Burundi was home. With a good career she loved and that sustained her, many expected her to stay until a 'soft landing' appeared, as others did.

    But in 1994, when Rwanda was at its lowest, she crossed the border to contribute. As Dr. Kimonyo put it: 'at a time when our national experiment was at a crossroads.' She jumped into the deep end, fearless of whether she would sink or swim.

    I had the misfortune of being her boss. Whenever she felt a pressing national issue was being ignored, she would storm into my office with disarming humour: 'Ariko sha shefu!' ('But boss!'). 'Sha,' in Kirundi, was affectionate, but in Kinyarwanda it usually addressed a child. On the other hand, 'shefu' meant boss. I once told her she had to choose between 'sha' and 'shefu,' but never both! She laughed, but her point always landed, and I knew the issue had to go on the editorial agenda.

    Her pursuit of justice was relentless. At Radio Rwanda, when I introduced Kubaza Bitera Kumenya ('To Ask is to Know'), a live programme that challenged leaders, I made sure to include her. Our bosses at ORINFOR warned me: 'This will get you sacked.' But I wanted her on the team because she was fearless, a daredevil.

    At one point, I was called by the Ministry of Information, who complained: 'How can Ingabire interrupt the President of the Republic?' They 'politely' advised me to remove her from the programme. I 'politely' agreed, but never implemented it. By the time I left Radio Rwanda in 1999, the show had become such a hit that churches complained their congregants skipped Sunday services to listen to it.

    Mikii was never motivated by money. She was driven by causes she believed in. When she left government media, she joined UN Women Rwanda. But bureaucracy suffocated her spirit. She thought she could walk into her boss’s office as she once did mine, saying 'Ariko sha shefu!' and get things moving. It did not work that way. She left.

    In 2021, she became Chair of Transparency International Rwanda’s Board. Finally, she had a platform free of bureaucratic shackles. She was not just a chair; she was a field commander. Women who faced abuse went to her instead of the police, knowing she would act. She listened, connected them to legal aid, confronted prosecutors, and stormed into offices demanding answers. She became a legend among women and girls. Even some men quietly sought her help, though few would admit it.

    She ridiculed immorality and corruption with wit and fearlessness. She exposed traffic police as the 'judge, prosecutor, and bailiff' all rolled into one. She spoke truth at Umushyikirano (the National Dialogue Council) before the President himself, and her recommendations often shaped resolutions.

    If she had wanted fame or wealth, she could have joined politics and won with ease. But that was not her way. Formalities were foreign to her. She followed her instinct, always.

    The nation mourns a hero. As a Tuscarora proverb says: 'The legends are not dead who live in the hearts they leave behind.'

    Adieu, Mikii.

    Mweusi Karake is Marie Immaculée Ingabire’s former media colleague and friend.

    Mweusi Karake

    Source : https://en.igihe.com/opinion/article/tribute-to-marie-immaculee-ingabire-mikii-a-voice-for-the-voiceless

  • Rwanda exposes Tshisekedi’s misrepresentations at Brussels forum #rwanda #RwOT

    In his speech on Thursday, October 9, 2025, President Tshisekedi claimed that since his election in 2019, he had visited all nine of DRC’s neighbouring countries, including Rwanda and Uganda, to foster cooperation and development. He further stated that he had never shown any belligerent attitude toward Rwanda or Uganda, and called for joint efforts to stop escalations in the Great Lakes region.

    Rwanda’s Government countered these claims, noting that more than ten peace agreements between Rwanda and the DRC have been signed since 1999 but were never implemented due to a lack of political will on the part of the DRC government.

    Rwanda highlighted repeated instances where the DRC, under Tshisekedi, promoted hostile rhetoric and scapegoated Rwanda at international forums, including calls for sanctions at the UN General Assembly, while also engaging in persecution of Rwandan citizens and Congolese Tutsi communities.

    The statement outlined a long history of belligerent actions by the DRC, including threats of war during President Tshisekedi’s re-election campaign, boasting about DRC drones and attacks on Kigali, pledges to support actors seeking to overthrow the Rwandan government, and repeated calls for hardline measures against Rwanda.

    Locally, DRC officials have fomented hatred against Rwanda, including indoctrination in schools, targeted campaigns to international governments, arbitrary arrests, detention, torture of Rwandan citizens, and at least two confirmed deaths in Kinshasa prisons. The DRC also closed its airspace to civilian flights from Rwanda and filed numerous frivolous cases against Rwanda in international fora.

    Security incidents were also highlighted. Since 2019, more than 20 cross-border attacks and violations of Rwandan airspace have occurred, including the shelling of Rubavu in January 2025, which killed 16 Rwandan civilians.

    Rwanda emphasised that attempts to resolve the security threats bilaterally, particularly from the DRC-backed FDLR militia, linked to the 1994 Genocide against the Tutsi, were repeatedly rejected by the DRC, which instead pursued a military solution, including recruiting foreign troops and mercenaries.

    Rwanda criticised President Tshisekedi’s claims that he and Rwanda alone could stop escalations. According to Kigali, de-escalation is entirely within the DRC president’s hands and requires implementing existing peace mechanisms, dismantling and neutralising armed groups such as the FDLR, disarming militia groups like Wazalendo, and stopping the influx of hostile Burundian army troops into South Kivu. Peace will also require sincere participation in ongoing negotiations with the AFC/M23 Congolese rebel movement through the Doha process.

    Regarding regional diplomatic efforts, Rwanda explained its decision to abstain from an 'empty photo opportunity' in Luanda, as the DRC refused to act on its pledge to negotiate with internal rebellions that threaten Rwandan security. The spokesperson also clarified that the Regional Economic Integration Framework and the Washington Peace Agreement have been frustrated by the DRC, undermining regional stability.

    Rwanda further addressed claims about troop contributions and casualties, noting that SADC forces were drawn unnecessarily into the DRC’s internal conflict and suffered casualties. These forces, along with 300 European mercenaries hired by the DRC, were later granted safe passage through Rwanda after being defeated, highlighting Rwanda’s commitment to humanitarian treatment even amid belligerence.

    President Tshisekedi also cited 'millions' of victims and called for sanctions, which Rwanda refuted as exaggerated or historically inaccurate. Kigali emphasised that endless appeals for sanctions or mediation-shopping would not achieve peace. True stability requires political will, respect for agreements, and concrete action by the DRC.

    In conclusion, Rwanda stated that while President Tshisekedi’s speech contained calls for dialogue, the path to peace is clear: the DRC must implement agreements it has signed, neutralise destabilising armed groups, and genuinely engage in bilateral and regional peace processes.

    “Empty words, lies, and distortions will not result in the peace that all the countries of the Great Lakes region need,” the Office of the Government Spokesperson stated.

    “President Tshisekedi must keep his word, respect and implement agreements the DRC has signed, and not take for granted regional and international partners that are investing in ongoing peace processes.”

    Rwanda has issued a detailed response to statements made by President Félix Tshisekedi of the Democratic Republic of Congo (DRC) during his address at the Global Gateway Forum 2025 in Brussels, highlighting numerous inaccuracies and distortions regarding Rwanda-DRC relations and regional peace efforts.

    IGIHE

    Source : https://en.igihe.com/news/article/rwanda-exposes-tshisekedi-s-misrepresentations-at-brussels-forum

  • AFC/M23 signals intention to capture Uvira in the coming days #rwanda #RwOT

    Busu Bwa Ngwi Patrick, the South Kivu governor appointed by AFC/M23, disclosed this on Thursday, October 9, 2025, while handing over an electricity transformer to residents of Kamanyola Centre in Walungu territory.

    Governor Busu told residents that the rebel coalition remains committed to removing the 'bad government' of President Félix Tshisekedi and invited willing citizens to join the movement. He added that the coalition’s military commander, Gen. Maj. Sultani Makenga, tasked him with informing the local population that operations to take Uvira would begin soon.

    'In a few days, we will move to capture Uvira,' Busu quoted Gen. Maj. Makenga as saying.

    The announcement comes amid a strong presence of FARDC forces in Uvira and surrounding areas, supported by Burundian troops and local militias, including Wazalendo fighters led by William Yakutumba and John Makanaki, who have vowed to resist any incursion by AFC/M23.

    Prof. Stanislas Baleke, a senior AFC/M23 leader, urged the commanders to leave Uvira promptly to avoid casualties. 'Flee immediately when you hear the first gunshot. I don’t want you to die,' he said.

    AFC/M23 has recently clashed with Wazalendo forces across South Kivu, capturing areas including Chulwe, Kintuluku, and Lubimbe near Shabunda and Mwenga centres.

    The latest developments come amid efforts to silence the guns in eastern DRC through dialogue in Qatar, which have been hampered by setbacks and counter accusations of ceasefire violations.

    Busu Bwa Ngwi Patrick, the South Kivu governor appointed by AFC/M23, disclosed this on Thursday, October 9, 2025, while handing over an electricity transformer to residents of Kamanyola Centre in Walungu territory.

    IGIHE

    Source : https://en.igihe.com/news/article/afc-m23-signals-intention-to-capture-uvira-in-the-coming-days

  • President Kagame appoints Viviane Mukakizima, Col Rwagasana to new roles #rwanda #RwOT

    The appointments were announced in a communiqué released by the Office of the Prime Minister on Friday, October 10, 2025.

    Mukakizima had previously served as the Deputy Director of Cabinet in the Office of the President (OTP). Prior to that, she had served as Director General of Communications in the same office since July 2021.

    Meanwhile, Colonel Rwagasana has been serving as the Executive Office Security Liaison in the OTP since 2021.

    Mukakizima had previously served as the Deputy Director of Cabinet in the Office of the President.

    Col Regis Rwagasana Sankara has been appointed as Deputy Director of Cabinet in the Office of the President.

    IGIHE

    Source : https://en.igihe.com/news/article/president-kagame-appoints-viviane-mukakizima-col-rwagasana-to-new-cabinet-roles

  • Energicotel’s oversubscribed Frw 2 billion bond listed on Rwanda Stock Exchange #rwanda #RwOT

    The Frw 2 billion bond marks the second tranche of Energicotel’s Long-Term Fixed Rate Bond Program, first introduced in 2021.

    The listing highlights the growing role of Rwanda’s capital markets in financing private sector growth and supporting the country’s energy transition.

    Energicotel, a leading Independent Power Producer (IPP) and energy solutions provider, plans to use proceeds from the bond to expand power generation capacity and implement energy efficiency projects.

    At the listing ceremony, RSE CEO Pierre Celestin Rwabukumba commended Energicotel for its consistent performance and transparency.

    'Energicotel is not just a power-producing company. With their work, they are powering progress and empowering people. Four years ago, they joined our fixed-income market after graduating from the Capital Market Investment Clinic, and today they are back to list the second tranche, a testament to sustained growth and investor confidence,' he said.

    The RSE boss noted that the company’s journey, which began with its participation in the Capital Market Investment Clinic in 2021, exemplifies how Rwandan firms can leverage capital markets to fund expansion and gain credibility.

    'Capital markets don’t just offer capital; they provide visibility and trust for companies to operate and compete in today’s business landscape'.

    Capital Markets Authority CEO Thapelo Tsheole said the listing reflects strong collaboration between market participants and growing citizen engagement in Rwanda’s capital markets.

    'This achievement shows the strength of our partnerships and the growing participation of citizens in our market. We are committed to building on this momentum to deepen market confidence and drive economic growth,' Tsheole stated.

    Ivy Hesse, Acting Managing Director at BK Capital, the transaction advisor and lead arranger, highlighted Energicotel’s disciplined preparation.

    'The universe doesn’t give to those who just want, but to those who prepare. From the beginning, Energicotel prepared itself by joining the investment clinic, setting clear intentions, and proving its commitment. Investors responded by giving them the capital to bring their vision to life,' she said

    Access to Finance Rwanda CEO Jean Bosco Iyacu described the oversubscription as a sign of Rwanda’s maturing capital market.

    'When we first engaged Energicotel in 2021, they were among the first SMEs to take the leap into the bond market. Today’s listing shows how far we’ve come,' he said

    Energicotel Executive Director Ferdy Turasenga thanked investors and partners for their faith in the company’s vision.

    'When the government focuses on providing essential needs like electricity and water, businesses like ours find an opportunity to contribute. Our investments create jobs for engineers, bankers, and communities, and their impact will last for generations,' he said.

    He noted that Energicotel’s mission extends beyond profits to long-term socioeconomic transformation.

    'Wherever we invest, we plant seeds for young engineers and innovators who will carry this work forward. Investing in engineering is not just a financial return, it’s a social return,' he said.

    Rwanda’s capital market currently lists over 100 instruments, including 86 government bonds, seven corporate bonds, sustainability-linked and green bonds, and 10 equities.

    The successful Energicotel listing affirms the country’s commitment to a dynamic and inclusive capital market that channels private investment into national development.

    The Frw 2 billion bond marks the second tranche of Energicotel’s Long-Term Fixed Rate Bond Program, first introduced in 2021.

    The listing highlights the growing role of Rwanda’s capital markets in financing private sector growth and supporting the country’s energy transition.

    Energicotel Executive Director Ferdy Turasenga thanked investors and partners for their faith in the company’s vision.

    RSE CEO Pierre Celestin Rwabukumba commended Energicotel for its consistent performance and transparency.

    Capital Markets Authority CEO Thapelo Tsheole said the listing reflects strong collaboration between market participants and growing citizen engagement in Rwanda’s capital markets.

    Access to Finance Rwanda CEO Jean Bosco Iyacu described the oversubscription as a sign of Rwanda’s maturing capital market.

    Ivy Hesse, Acting Managing Director at BK Capital, the transaction advisor and lead arranger, highlighted Energicotel’s disciplined preparation.

    Wycliffe Nyamasege

    Source : https://en.igihe.com/business-62/article/energicotel-s-oversubscribed-frw-2-billion-bond-listed-on-rwanda-stock-exchange