Ernest is a provider of integrated business and technology solutions and is responsible for the business development and overall operations of the company in the United States and Africa.
He has over a decade of experience solving complex business problems with sophisticated enterprise information and communication technology, networks and applications.
Ernest Kayinamura is the Chief Executive Officer of Hexakomb.
Watch episode below:
www.under40ceos.com
{{About Under 40 CEOs on Television}}
The acclaimed television show Under 40 CEOs launched on TVC Entertainment and TVC News on the 9 th of October, 2015 and subsequently launched on Silverbird Television Network on the 13 th of January, 2016 and has spotlighted inspiring young business leaders aged 40 and under from East, West and South Africa. In addition to the channels above, the series has also aired on or currently running on Africa Magic Family, DBS, ITV Benin, ITV Abuja, RSTV and GHOnereaching a cumulative average viewership of 2.2million people every week.
Under 40 CEOs seeks to research, celebrate and expose the business leaders of the not-so-distant future and tell the stories of these young business leaders in Africa with a focus on the journey, the process and their proposed destination.
With over 100 episodes recorded till date, and serial entrepreneur, Familusi Akin Babajide, Mr FAB as the host, Under 40 CEOs has since gone on to inspire and motivate millions of would-be young business leaders across Africa to take action and join in the rebuilding and re-shaping of the African continent.
Under 40 CEOs currently has a social media following of over 300,000 and growing with a cumulative social media content reach of over 14.3million.
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StoryKast is targeting to support young people between the ages of 16 and 29 to showcase their skills through the photography profession. Besides the prizes, the company will help participants in the marketing of their skills.
The competition will start from 16 September to 16th November 2020.
Contestants will take photos of their favorite sites and panoramas that may include animals, landscapes, people-interactions or other activities in their reach with unique concepts that trigger awe among the viewers. The captured image will then be posted on the StoryKast website, (https://www.storykast.rw/capturerwanda) for review by experts’ who will appreciate and award marks accordingly.
The winning photograph must have a special meaning for Rwanda, a description that will show the person who photographed it.
All the photos have to be original and special.
Photographers should not have to look for expensive tools, because the competition will not focus on the capabilities of the equipment used, but on the technical, originality, and conceptual details of the photos.
Of course, there is a need for a clear picture, so that the judges of the competition will be able to get the points from the start.
For the winners of this competition, the prizes are very exciting. The first one will be awarded Rwf 300,000, the second one Rwf200, 000, and the third one Rwf100, 000.
Olga Ines, the director of StoryKast, told IGIHE that the competition has been designed to help children who are on vacation and others who have lost their jobs during these difficult times of Coronavirus, to continue their training, and have the opportunity to win money.
She added that the competition is the first of its kind in Rwanda, with a focus on helping people in this industry to be recognized and earn.
Olga encourages competitors to be authentic, original and avoid any reliance on third party skills other than relying on someone’s expertise to make it happen.
“One can use an important device [such as a camera] to take a nice picture which, anyway, may not necessarily be unique. However there is someone else who can use his or her phone and take a photo that has its own character, uniqueness, special message and style; different from other photos. So we will look at a person’s skills, rather than the device,” she added.
She said that they encourage the participants to use the tools that will make the uniqueness of their photos stand out.
The Capture Rwanda competition is being held for the first time, and StoryKast says it will organize the same on a regular basis, expanding to bigger prizes and categories of participants.
It is a training course called “National Entrepreneurship Summer Camp-2020”, which aims to “help young people develop entrepreneurship and build their skills, hence continuing their work in these critical times of Coronavirus and beyond”.
The training will be attended by about 20 young people between the ages of 18 and 35. They are young people who have graduated from ULK University who already have profitable projects, but need technical and financial support.
There will also be young people in their final year of university at ULK, who have a good idea that may produce powerful business establishments, which will provide employment to other young people and benefit the country as a whole.
The training will focus on selected projects in the fields of agriculture, energy, and technology, and will have three objectives, namely: to promote a culture of self-reliance and innovation in the youth, especially in these times of Coronavirus; to enhance the level of knowledge and performance of the private sector, as well as to promote the cooperation of higher education and industry through collaboration and dialogue.
Inaugurating the training, the Director-General of Planning, Monitoring, and Evaluation, Jonas Munyurangabo, said the program would complement the government’s plan to encourage young people to be brave and create jobs, instead of waiting for jobs while they can create it.
“What we are doing is helping young people to have a mentality that leads to where everyone doing business is headed. This will help them to expand their mindset and take advantage of their opportunities, even if others find it difficult. It also builds capacity to help them make the most of the opportunities they have in general,” he said.
The training comes at a time when the global economy is facing the effects of the Coronavirus pandemic, which is particularly affecting small and medium enterprises (SMEs).
Munyurangabo said that to address these challenges, the Government of Rwanda has recently launched the Entrepreneurship Development Policy (EDP), where similar trainings are being advocated for as it does not discourage young people from entrepreneurship through to give them the knowledge they need.
“It’s one of the things that help in implementing that new policy, it will help people have a sense of entrepreneurship,” he said.
He added: “Finding a job is not a bad thing, but there has been a change in the way people go about it, and instead of looking for a job, it would be better [for the national economy]. So that comes from the ideas, as well as from the capabilities and resources that young people receive from the relevant authorities. So today is what we are going to do to help them, to know that they can be self-sufficient, and then to make progress, based on the knowledge they will be given,” he said.
Munyurangabo said that, in particular, the fact these activities are taking place in these difficult times of Coronavirus, there is a lot that will help these young people.
The training will be conducted in a traditional way where the presenter is physically in front of the participants, but there will also be the use of technology while the expert teachers from Kempten University of Applied Science will be contributing to these courses.
One of the directors of Kempten University of Applied Science, Prof. Dr. Tobias Peylo, said the training will not only provide knowledge, as it can also help participants get to know each other and work together in the future.
He added that the training “will help young people to innovate in their work, thus increasing the productivity of what they do”.
“These ideas will help the world to cope with its problems. These are not just money-making ideas, they are ideas that will make the world a better place because it will bring about a change in the lives of its inhabitants through solving the problems that the world has today.”
Becky Balinda, Vice-Chancellor of the University of Kigali, ULK, said they would use entrepreneurs who have achieved success and tell these students the process they went through and what they can do to make their ideas more profitable.
“Most importantly, we will bring in other entrepreneurs who have started like them, to tell them their journey from idea to where they are now.
“They will share with them how they got their money, their helpers and so on. The reason we will do this is that these advanced entrepreneurs have also started at the grassroots level, so they will share with them the path they have gone through to make progress,” she said.
She added that they will monitor the development of these entrepreneurs’ projects, two of which will be funded and monitored for six months thereafter.
Maria Knappstein, the Country Director of SBFIC said entrepreneurs who saw the opportunity should not waste it, as it was the beginning of their entrepreneurial journey.
“We expect these entrepreneurs to be willing to learn and learn more. We want them to have an entrepreneurial mindset and are willing to implement it. ”
Some of the lessons to be learned from this course include preparing and analyzing ideas for projects that can generate profits, making scholarships for developed institutions, creating ideas that can generate profits, and so on.
The Managing Director of Rwanda Institute for Cooperatives, Entrepreneurship, and Microfinance (RICEM), Dr. Olivier Mukulira as he welcomed the trainees, encouraged them to explore the training to the maximum.
The National Entrepreneurship Summer Camp 2020 is being held for the first time but will continue in the coming years, to help young people with development projects make it productive.
The Coronavirus pandemic has changed the schedule of the workshop, as it was scheduled to take place in July, attended by 20 students from ULK, and 10 others from the Kempten University of Applied Science in Germany. However, as the Coronavirus pandemic subsides, there are plans to continue on that schedule but with just 20 students from the ULK.
Popular ABC groups in countries such as Qatar, Oman, China, Uganda, and Tanzania have now opened a branch in Chic, MIC room, where buyers can find modern Bathx and Toto toilets.
In this ABC group branch, one can find taps of the Grohe type of Germany, Toto of Japan, and Bathx.
In an interview with IGIHE, the Director of ABC Group Rwanda, Ajay Kumar said that they have decided to open a branch in Rwanda after realizing that the country has the best security systems in the region, backed by the ease with which investors are facilitated to do business.
Kumar says the uniqueness of ABC Group is that it has affordable and durable products.
In ABC Group Rwanda you can also find Estonian bathtubs, Bathx, and Toto bathtubs. Porcelain, Ceramic, and Smart toilets.
Kumar says there are plans to expand its operations in the near future and add lighting and kitchen appliances.
ABC Group is the pioneer enterprise engaged in the field of building material industry with the purpose of helping people to transform their world. It’s committed to make the world a better place through an innovative business which provides inspiration for luxury living. It has the largest collection of high-quality tiles, sanitary wares, bathroom fittings, and allied building materials.
ABC Group started its journey in December 1998 from Taliparamba, Kerala, India. It has been taking the high road of success for the last 20 years.
Victor Okorafor of Empathy Manor Ltd has had a discussion with the Director General of the Rwanda Chamber of Tourism at the Private Sector Federation Frank Gisha Mugisha. The discussion is shared on their YouTube channel.
RCT was established in 2006, with a mandate of enhancing business opportunities through effective lobbying and advocacy for the tourism and hospitality industry in Rwanda. It is an umbrella of all other associations that are engaged in tourism and hospitality business. The Director General of the Rwanda Chamber of Tourism at the Private Sector Federation Frank Gisha Mugisha, Says member companies and associations of the RCT have a number of benefits that come with their affiliation.
“The benefits include advocacy where we act as the voice of all players in the tourism sector in relation to policies that do a favor or create a more enabling business environment. Also, the Rwanda Development Board, RDB, through the tourism office has done a lot to create a policy which facilitates investment in Rwanda. Here in Rwanda tourism is one of the biggest foreign exchange earners, contributing 10% of the Gross Domestic Product, GDP, [as per statistics for 2019] and also employing about 150,000 people mostly the youth,” says Frank.
He adds that whenever there is a policy that has been adopted by the government, the RCT review it with an ultimate purpose of harnessing it to ensure that it promotes vibrancy of tourism and hospitality sector other than stifling it.
Recently, RCT has initiated a number of programs to support members of the chamber to enable them recover from business shocks visited on them as results of COVID-19. Komeza Program is one such initiative. It was launched under MasterCard Foundation to help members recover from financial strain brought about by business hibernation and the associated loans. Another, “Hanga Ahazaza” one of the MasterCard Foundation’s programs aimed to empower youth and women but also to create jobs especially focusing on the tourism sectors.
Rwanda Chamber tourism creates relevant linkages to mobilize its members to apply to these grants and gives them technical assistance and guidance to apply to general grants that can qualify for the Komeza program.
“One of our key areas of focus is capacity building for our members. This is through identifying whatever missing in terms of skills, what is the gap and what could be done better to fill the gap,” he added.
He added that “We started a campaign of domestic tourism which now we are growing to regional and maybe later as various countries open their airspaces we can go also international. Someone who has been used to doing international marketing now it’s an opportunity to sit down and think of what he can do better t and even tap the potential with domestic and regional tourism.”
Victor went on to ask the basic guidelines of operations.
“One is to register your company to RDB and then go come to the chamber of tourism for orientation. In orientation is all about what, where, who can you network with to do your tourism business and join the Rwanda Association of tour operator,” said Frank.
There are several events organized by the tourism board. One of them is the Kivu Belt Festival is one of the events that happen out of Kigali. This brings together the conservationists. In the western part of the country, we have regions with tropical rainforests, hills, beautiful lakes, and Nyungwe national park (rich with Flora and Fauna).
“In Kivu Belt, there is always an event which we have been doing in connection with our partners to showcase what the region has in potential of attracting or promoting tourism. We have various community best tourism actors to showcase the products, packages, hotels around there which attracts people within the country, around neighboring countries, and also international.“
Post-COVID is still a big project for tourism. Starting from this month there is a business development program which will be stabled starting from this month to aiming at providing support to their members to stay strong and still resilient. This will be more of access to finance, reducing costs, grant proposal, business plan, and even reviewing or revisiting your input or output ratios to stay in business.
Frank says that people should visit Rwanda because it has many beautiful things that attract tourists such as magnificent hills stretching from south to east, mountainous gorillas, tropical rainforest, and many others.
Rwandan has empowered these sectors and various segments such as religious tourism which is being given a boost from the government. Talking of also sports tourism there is a cricket stadium, sports stadiums, and by next year we shall have one of the best gold stadium golf stadiums in the region.
Another segment that Rwanda has taken an advanced stage into excelling at is meeting or conference tourism. Since 2017, Kigali is considered ranked by the international conference association as number two, second from Cape Town to host conferences on the international events. We have Convention Center as a boost for international events, Kigali Arena for an international sporting event, and also Intare conference Arena. All those are venues for events with the capacity to host meetings of over three thousand people.
Above all happening in this hospitable and friendly culture from the Rwandan people, Kigali is regarded as one of the cleanest cities in Africa and over the world.
Get affordable room rates, book and stay with Empathy Manor on our website.
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The two have been widely quoted in discussions on Rwanda-Uganda relations as people who have continued to take part in activities aimed at undermining its security and seeking to destabilize it, through the organization they founded, the Self-Worth Initiative.
They are also accused of recruiting members to join Kayumba Nyamwasa’s RNC terrorist group, who are accused of being members of the Chieftaincy of Military Intelligence (CMI) and accused of being Rwandan spies.
In July this year, a Ugandan citizen took to court Sulah Nuwamanya, Prossy Bonabaana, and Godfrey Chebet, accusing them of defamation, when they informed the security services that he was a Rwandan spy that he had a gun and was imprisoned for nothing.
Henry Mugisha has filed a lawsuit alleging that they fabricated charges against him and was imprisoned, investigation revealed that he was innocent and released. The charges against him were crimes that could result in the death penalty or life imprisonment.
The betrayal began as they shared a business through Lloyd FX, Sulah Nuwamanya, and Prosy Bonabaana and Mugisha became its shareholders. Problems escalated when at a March 23, 2020 meeting, Mugisha asked them about the disappearance of $ 35,000 of the organization.
Those who broke into Mugisha’s office took the company’s financial statements, stole $ 2,500, and filed a lawsuit in court. Realizing that their actions were illegal, they began to threaten him that if he doesn’t stop the allegations, they would hand him over to the security services.
One who provided information to IGIHE said that when Mugisha filed a complaint with the CID, he was intimidated by Prossy Bonabaana because he had police guards given to him by Museveni.
A letter summons Nuwamanya, Bonabaana, and Thomas Sankara of September 7, 2020, urging them to report to the police on Monday, September 14, 2020, for questioning on suspicion.
One of the analysts pointed out that Nuwamanya and Bonabaana ‘are plundering the bad relationship between Rwanda and Uganda. They are jobless so what they do is threatening to slander Ugandans or Rwandans who are going to take advantage of it but of course they also have people from the CMI who are working with them,” he said.
Another one b said: “The police investigation department is investigating, they have identified them and that is why they have called them. Even in the security forces, they know that they were giving false information and imprisoning people. ”
“These people could be imprisoned for years. The CMI is starting to realize that they have been misled a lot,” he said.
Sulah Nuwamanya became a journalist for The New Times Publications, studied in Rwanda, and has a Rwandan identity card, although she was a Ugandan, and came to the forefront of its security and persecution of Rwandans living in Uganda.
Sulah Nuwamanya works with RUD-Urunana who is assisting in the field of weapons, while Prossy is in charge of recruiting RNC members and withdrawing its members.
In a concluding ceremony on Friday last week the joint achievements of the two organizations were commemorated and celebrated, and decisive steps were taken to ensure that AMIR can promote the positive development of the microfinance sector without the support of its long-standing partner SBFIC.
Initially the partnership was launched in 2009 with a strong focus on financial education. The largest of the financial education activities initiated at the time, World Savings Weeks, is still celebrated annually and enjoys high participation all over the country. During this time, more than 500,000 people were sensitized and made aware of the savings culture, and more than 100,000 children opened their own savings account with a total amount of Rwf 2.2 billion.
In her opening speech, Maria Knappstein Country Director SBFIC Rwanda gave a pertinent summary of the 11 years of cooperation and illustrated the dynamic development that not only the country of Rwanda but also the entire microfinance sector has undergone during the time of this partnership, e.g. that AMIR membership increased by 850 %, from 30 up to 340 or financial inclusions (including informal ones) were promoted and could be expanded from 47 % to 93 %.
During her retrospective journey through time, Knappstein mentioned that interventions to develop the capacity of microfinance staff and bodies were another focal area that was included from the very beginning. Initially, AMIR, with SBFIC’s support, was directly responsible for organizing training courses to professionalize its members.
Soon afterwards, the idea of founding its own training academy for microfinance institutions emerged. Consequently, AMIR and SBFIC were among the key players in the conception and establishment of this academy called RICEM (Rwanda Institute of Cooperatives, Entrepreneurship and Microfinance).
Knappstein also emphasized that one partner could only grow through the other and that she is very grateful for this intensive time of partnership.
Speaking on behalf of the AMIR, its Executive Director, Aimable Nkuranga, said the project was aimed at polishing the skills of microfinance staff for better services delivery. He said that all the activities that took place have had a positive impact.
“In various training, financial institution staffs have been empowered. We have also made benchmark visits to different countries to learn best practices and share experiences,” he said.
One of the most important topics on the agenda to further boost AMIR’s activities was the signing of a license agreement for the so-called business simulations. SBFIC’s business simulations are an international brand for an innovative interactive learning experience, in which learning is supported by haptic and computer-based simulations, far away from dry theory.
The simulations offer participants a risk-free environment in which they can try things out. The main goal of the simulations is to teach people to recognize the causes of problems and analyze relationships.
By interpreting the results and evaluating the players’ performance, the teams form and refine their own success strategy. AMIR will thus be authorized to offer these business simulations to its members and beneficiaries even after the partnership ends.
Charles Kayumba, Vice Chairman of AMIR, reported in his speech that he himself had benefited from professional training that AMIR had been conducting in the microfinance sector with the support of SBFIC from the very beginning. He appreciated the quality of the training courses developed and conducted specifically for the sector and thanked SBFIC on behalf of AMIR for the many years of fruitful partnership.
A certain level of digitization is an essential prerequisite for future activities in this sector. In order to demonstrate the supportive possibilities of digitization, the organization team arranged a quasi-live connection to Germany, in which the two regional coordinators of SBFIC East Africa, Britta and Thomas Konitzer, sent their greetings and best wishes to AMIR.
They also reminded of the joint successes, such as the introduction of Shared Audit Services or the establishment of different meeting formats with the member organizations, in order to be able to inquire for their needs directly at the basis.
Last but not least, they emphasized another success story, which was a joint development of a new product specially designed for women: Tinyuka Wigire Munyarwandakazi, launched in 2016, educates more than 5,000 women on savings and credit, with more than 7,000 accounts open and a total of Rwf 400 million that has been disbursed as loans to profitable projects, most of which have been made by women who have been trained by this project.
The subsequent handover of all joint projects was not only symbolic. Knappstein emphasized that she would not let AMIR go without the best possible preparation for their trips and ventures when SBFIC does no longer sit in the ‘passenger seat’ for potential support.
Therefore, all colleagues had made every effort to document the joint projects of the past years. All concept papers, templates, implementation plans, monitoring files and lessons learnt were collected and ceremonially handed over to AMIR on a flash drive. This includes the following joint projects:
Coaching of big MFIs, Mystery Shopping, Dual Apprenticeship System, Financial Education for Children, Member Meeting Formats, Shared IT Services, Shared Audit Services, Farmers Business Simulations, Micro Business Simulation, Savings Game, Tinyuka Wigire Munyarwandakazi and World Savings Week.
As the event’s guest of honour, the two organizations were able to welcome Mr. Kevin Kavugizo from BNR, Director of Microfinance Institutions Supervision Department, who was the only one of the attendees able to follow the entire development of the partnership between SBFIC and AMIR from the beginning and now report on it.
In his review, he reported on an impressive joint study trip, which has had an enormous impact on him and has developed him further in his role at the BNR.
He said that the BNR’s supervisory role is much easier if the capacity of MFI staff is enhanced, and that the sector is currently on a good path. Kavugizo also sees many advantages for the National Bank as a supervisory authority, provided that the entire microfinance sector emerges strengthened from this development.
He did not forget to mention, and he appreciated very much that SBFIC will remain in Rwanda despite the expiration of the partnership with AMIR in order to provide support elsewhere, for instance in the Umurenge SACCO professionalization project in the field of data cleaning and business planning for the future District SACCOs.
The concluding photoshow with pictures from the entire 11-year partnership had some treasures from the photo box ready and let the participants revel in good memories.
The tenor of all speakers expressed: ‘Let us remember each other and meet again as good friends!’
A Jamaican national, Ms. Pryce joined the World Bank Group in 2006 as Counsel in the Legal Vice Presidency, representing the Bank in operations in Latin America and the Caribbean as well as Sub-Saharan Africa and the Pacific Islands, and providing legal advisory support in finance, infrastructure, and private sectors.
She has since worked in three regions, East Asia and Pacific, South Asia, and Africa, and has overseen the World Bank Group programs in the Caribbean; Sri Lanka and Maldives; Burundi, Uganda, and Tanzania.
In 2012, Ms. Pryce was assigned to the Africa Energy Practice Group where she was responsible for quality and portfolio management of what was at that time a $10 billion portfolio.
Prior to her current assignment, she oversaw the World Bank’s Indonesia and Timor-Leste programs and was based in the Jakarta office.
Ms Pryce comes to Rwanda at a time when the World Bank Group has just approved a new Country Partnership Framework (CPF) for Rwanda. The CPF will guide the Bank’s work for the next 6 years in support of the Government of Rwanda’s strategic priorities as laid down in the National Strategy for Transformation.
Currently, the Bank Group’s portfolio in Rwanda includes 16 national projects with a net commitment of more than $1,630 million. Rwanda also participates in four regional projects worth a national commitment of $240.30 million.
Project objectives have included providing access to basic infrastructure and electricity to rural households; enhancing urban management in selected urban centers; supporting the strengthening of the social protection system and supporting the government’s COVI19 emergency response program.
Before joining the World Bank, Ms. Pryce served as legal adviser to the Jamaican Government on Public International Law and International Trade issues for over ten years; and as an Assistant Lecturer in Public International Law at the University of the West Indies.
She holds a master’s degree in Public International Law from the University College of London; a Juris Doctor from the University of Miami and a Bachelor of Science in International Business and Mathematics from the City University of New York.
The African Banker’s judging process sought to recognise the African banks that have demonstrated original and practical uses of technology to provide customer convenience, improved and more affordable services and greater access to the financial services sector in Africa.
Ade Ayeyemi, Group Chief Executive Officer said: “Winning the Award for Innovation in Financial Services from the African Banker magazine is such an honour. It provides public recognition of our pioneering role in harnessing technology to complement our pan-African presence and partnerships, to deliver accessible, convenient, affordable and innovative banking products which are making a difference to millions of lives and businesses across sub-Saharan Africa. Five years ago, we commenced a digital transformation journey to transform our banking products and services. This award attests to the success of that journey and we are delighted that our significant investment in technology is yielding the desired results.”
“Our one bank model, powered by our robust pan-African banking digital platform provides diverse products and services to governments and corporate clients using our digital platforms including Ecobank Omni Plus amongst others, Ecobank Omni Lite for our SMEs and commercial bank clients as well as our Ecobank Mobile App and Ecobank Online for our consumer clients. These are in addition to the highly effective cash management, transaction banking solutions and our cross-border Rapidtransfer remittance solution – a few of the headline-grabbing innovations that we have delivered to meet and exceed the evolving needs and expectations of our customers. I applaud all my Ecobank colleagues for their continued commitment and dedication to serving our customers especially during these challenging COVID-19 times.”
Other African banking awards won by Ecobank so far in 2020 include amongst others, Most Innovative Bank in Africa, Best Bank for Payments& Collections, Best Integrated Corporate Banking Site in Africa (Global Finance) and the Best Bank for Corporate Responsibility (Euromoney Awards for Excellence).
The factory, built in the Masoro industrial zone, is expected to start operations in mid-September, where it will be making drugs of various types, with about 80% of its employees being Rwandans.
In addition to providing employment, it will also reduce the country’s import of pharmaceuticals by between 10% and 20%.
Apex Biotech co-founder Herbeton Madari told the media that they will start with producing 10 types of drugs.
“We are now ready for the work to start in mid-September as everything has been put in place, and machinery installed. We will start with 10 types of drugs and then expand as time goes by.”
The factory will have the capacity to produce 800 million packs of pills a year, 200 million capsules and, eight million bottles of syrups.
Rwandan and Bangladeshi investors have shares in the new company.
