
<p>KINSHASA, May 28 (Reuters)&nbsp;&#8211;&nbsp;Democratic Republic of Congo has summoned Rwanda&#8217;s ambassador and suspended RwandAir flights to Congo in response to what it says is Kigali&#8217;s support for M23 rebels carrying out a military offensive in its eastern borderlands.</p>



<p>Rwanda denies supporting the rebels, who advanced as close as 20 km (12 miles) this week to eastern Congo&#8217;s main city of Goma and briefly captured the army&#8217;s largest base in the area.&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AL2N2XJ0HI&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">Read full story</a></p>



<p>Congo and U.N. investigators had also accused Kigali of supporting the M23 during a 2012-2013 insurrection that took Goma before being forced back and chased into Uganda and Rwanda. Kigali denied doing so.</p>



<p>Congo&#8217;s government spokesman Patrick Muyaya announced the suspension of flights from Rwanda&#8217;s national carrier and the summoning of the ambassador late Friday night following a meeting of the national defence council.</p>



<p>He said the government had designated the M23 a terrorist group and would exclude it from negotiations being held in Kenya with militia groups active in eastern Congo.</p>



<p>&#8220;A warning was made to the Rwandans, whose attitude is likely to disrupt the peace process &#8230; where all the armed groups, except for the M23, are committed to the path to peace,&#8221; Muyaya said.</p>



<p>Rwanda&#8217;s government was not immediately available for comment on Saturday.</p>



<p>On its website, Rwanda&#8217;s army requested the release of two Rwandan soldiers it said were &#8220;kidnapped&#8221; along its border with Congo.</p>



<p>An image circulating on social media of two men in Rwandan military uniforms surrounded by Congolese soldiers has been cited by Congolese users as evidence of the Rwandan army&#8217;s presence inside Congo.</p>



<p>Congo&#8217;s government has not commented on the photo, but Muyaya presented video footage during his remarks showing munitions and a military uniform that he said belonged to Rwandan forces and were recovered by the Congolese army.</p>



<p>The M23 and Rwanda&#8217;s government have, in turn, accused Congo&#8217;s army of collaborating with the Democratic Forces for the Liberation of Rwanda (FDLR), a militia founded by ethnic Hutus who fled Rwanda after participating in the 1994 genocide. Congo denies this.</p>



<p>Rwanda invaded Congo in 1996 to pursue the militiamen. Eastern Congo has experienced near constant conflict since then due to foreign invasions and insurgencies by rebel groups.</p>



<p>(Reporting by Stanis Bujakera and Fiston Mahamba; Additional reporting by Clement Uwiringiyimana in Kigali; Writing by Aaron Ross, Editing by Ros Russell)</p>


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Congo suspends flights from Rwanda over Kigali’s alleged support for rebels

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<p>The Tanzania Railways Corporation announced it will receive the first batch of electric trains it had ordered by November this year after signing a deal with a South Korean company, Hyundai Rotem.   This comes as Tanzania plans to modernise its railroads. Economic Analyst Gabriel Mwang’onda spoke to CNBC Africa for more.</p>


Tanzania to receive first 42 Korean electric trains by November

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<p>The private sector in Rwanda has expressed optimism that intra-trade and investment between Rwanda and Tanzania will significantly grow after a state visit by Tanzanian President Samia Suluhu Hassan. CNBC Africa spoke with the Chairman of Rwanda&#8217;s Private Sector Federation, Robert Bapfakurera for more.</p>


Rwanda: Private sector optimistic after President Suluhu’s visit

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<p>Foreign investors pulled out $10 million from the Nairobi Securities Exchange in July, marking the sixth straight month of net-selling despite the prevailing rise in the market wealth. Economic Analyst Aly-Khan Satchu spoke to CNBC Africa for more.</p>


Foreign investors at NSE pull out $10mn in July

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<p>According to the Uganda Bureau of Statistics, the country&#8217;s economy increased to about $42.4 billion in the 2020/21 financial year $39.9 billion in the financial year 2019/20. The industry sector&#8217;s contribution increased to 16 per cent i in the 2020/21 financial year. Daniel Birungi, Executive Director at the Uganda Manufacturing Association spoke to CNBC Africa on building resilience and how the sector is navigating the storm.</p>


COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

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<p>The Government of Rwanda has successfully raised $620 million through the issuance of a 10-year Eurobond, the country’s Finance Ministry announced on August 2. The sale of new debt generated more than $ 1.6 billion in orders. Are investors increasingly interested in Rwanda? Kevin Daly, Fund Manager at Aberdeen Standard Investments spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Making sense of Rwanda’s latest $620mn Eurobond issue

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<p>There is an increased demand for clean for clean and renewable energy sources on the continent though this is hampered by the lack of enough investment in the sector. CNBC Africa spoke to Vivian Neal, CEO of Kalahari Energy for more.</p>


How can investment in geothermal solve energy shortfall?

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<p>Kenya’s banking industry balance sheet size expanded by 12.4 per cent in 2020 to Ksh5.4 trillion from Ksh4.8 trillion in 2019. This is according to the Kenya Bankers Association’s State of the Banking Industry Report 2021. Samuel Tiriongo, Director of the Kenya Banker&#8217;s Association Centre for Research on Financial Markets and Policy joins CNBC Africa for more.</p>


Kenya’s banking industry sees strong growth in 2020

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<p>The Government of Rwanda has successfully raised $620 million through the issuance of a 10-year Eurobond. The proceeds of the bond will be used partly to retire Rwanda’s existing Eurobond which is due in May 2023, in line with the country’s debt management strategy to proactively address the upcoming debt burden while taking advantage of the current conducive market. Finance Minister Uzziel Ndagijimana joins CNBC Africa for more.</p>


Finance Minister Ndagijimana on Eurobond issue

Finance Minister Ndagijimana on Eurobond issue, Rwanda’s path to economic recovery

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<p>The global freelance market size was estimated at $2.4 billion in 2018 and Africa accounts for only 2 per cent  of this value, although there has been an upsurge in the freelance market in the continent especially since the advent of the pandemic. According to Glove News Wire, the global market is projected to boom at a compound annual growth rate of 15.3 per cent during 2021-2026. Amadou Daffe, CEO of Gebaya Inc joins CNBC Africa for more.</p>


COVID-19: How the pandemic is creating more freelancing opportunities in Africa

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<p>Mauritius recently saw a surge in new COVID-19 cases as the country was planning to fully reopen the travel sector, which has driven Mauritius’s economic growth for a long time. What will it take for the Indian Ocean island nation to go back to it’s pre-Covid path? Mauritian Economic Analyst, Prem Sewpaul spoke to CNBC Africa for more.</p>


Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

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<p>After years of preparation, the Nairobi International Financial Centre, last week, signed its first deals with British insurer, Prudential Plc and business lobby group The CityUK, ahead of its official launch later this year. CNBC Africa spoke with the Chairman of the NIFC, Vincent Rague for more.</p>


Kenya’s NIFC inks first two deals with British insurer Prudential

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<p>Uganda Breweries limited saw a 33 per cent increase in net sales despite an challenging year for the beverages sector. CNBC Africa spoke with the Managing Director of UBL, Alvin Mbugua for more.</p>


Uganda Breweries delivers resilient performance in difficult conditions

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<p>Cyber threats and cyber criminals remain active in Africa just like elsewhere across the world as companies prioritise digital transformation in their growth agenda. Now researchers warn of increased cyber targets. David Emm, Principal Security Researcher at Kaspersky spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Assessing Africa’s cyber threat landscape

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<p>Tanzania’s President Samia Suluhu Hassan is in Rwanda for a two-day state visit. The overall purpose of the visit, according to officials, is to strengthen ties between the two neighbouring countries.</p>


President Suluhu Hassan embarks on 2-day state visit to Rwanda

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<p>Measures taken to contain the pandemic and the ensuing oil price collapse  aggravated by the impact of lower oil prices and production impacted the Congolese economy in 2020 resulting to an 8.2 per cent economic contraction in 2020. Thomas Alun, IMF Representative, Congo joins CNBC Africa for more.</p>


IMF: Republic of Congo’s economic recovery remains elusive in 2021

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<p>If you are to look at the role of your internet service provider right now to the beginning of 2020, it’s no surprise for one to think these are two differing entities but how big of a change has taken place? Christian Muhirwa, CEO of Broadband Systems Ltd joins CNBC Africa for more.</p>


Rwanda

Congo suspends flights from Rwanda over Kigali’s alleged support for rebels

Tanzania to receive first 42 Korean electric trains by November

Rwanda: Private sector optimistic after President Suluhu’s visit

Foreign investors at NSE pull out $10mn in July

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

How can investment in geothermal solve energy shortfall?

Kenya’s banking industry sees strong growth in 2020

Finance Minister Ndagijimana on Eurobond issue, Rwanda’s path to economic recovery

COVID-19: How the pandemic is creating more freelancing opportunities in Africa

Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

Kenya’s NIFC inks first two deals with British insurer Prudential

Uganda Breweries delivers resilient performance in difficult conditions

Assessing Africa’s cyber threat landscape

President Suluhu Hassan embarks on 2-day state visit to Rwanda

IMF: Republic of Congo’s economic recovery remains elusive in 2021

Understanding the evolution of ISPs during COVID-19

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Rwanda

Congo suspends flights from Rwanda over Kigali’s alleged support for rebels

Tanzania to receive first 42 Korean electric trains by November

Rwanda: Private sector optimistic after President Suluhu’s visit

Foreign investors at NSE pull out $10mn in July

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

How can investment in geothermal solve energy shortfall?

Kenya’s banking industry sees strong growth in 2020

Finance Minister Ndagijimana on Eurobond issue, Rwanda’s path to economic recovery

COVID-19: How the pandemic is creating more freelancing opportunities in Africa

Can the Mauritian economy bounce back swiftly after Covid-19 crisis?

Kenya’s NIFC inks first two deals with British insurer Prudential

Uganda Breweries delivers resilient performance in difficult conditions

Assessing Africa’s cyber threat landscape

President Suluhu Hassan embarks on 2-day state visit to Rwanda

IMF: Republic of Congo’s economic recovery remains elusive in 2021

Understanding the evolution of ISPs during COVID-19

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