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  • Equity Group, AGF expand partnership with USD 500m framework to accelerate MSME financing

    This transformative move builds on a longstanding partnership between the two institutions and aims to unlock up to $1 billion in lending for MSMEs in the region, with a projected impact of creating or sustaining more than 50,000 jobs.

    Building on a robust collaboration established in 2018, which was later enhanced in 2020 with a $75 million facility, this renewed partnership represents the largest single guarantee engagement in AGF’s history. It targets MSMEs in Kenya, Uganda, Rwanda, Tanzania, and the Democratic Republic of Congo (DRC), with plans to extend to future Equity Group subsidiaries over the next 10 years.

    The framework will be implemented in three phases, starting with an initial USD 115 million tranche already committed to the five core subsidiaries. It will cover loans to MSMEs, with a focus on women-owned, youth-led, and green enterprises. To date, the AGF–Equity partnership has unlocked over $160 million in loans for nearly 2,000 MSMEs, including 500 women-led and 900 youth-led businesses.

    “This expanded partnership with the African Guarantee Fund underscores our shared vision of empowering MSMEs, which are the backbone of African economies,” said Dr. James Mwangi, Managing Director and CEO of Equity Group. “By enhancing access to finance and promoting sustainable business practices, we are investing in the future of our communities, preserving jobs and driving inclusive growth across the region.”

    The initiative reflects a broader strategy by Equity Group to align its lending with high-impact sectors and support its Africa Recovery and Resilience Plan (ARRP), which emphasizes strategic partnerships and collaborative development. According to Dr. Mwangi, “We see a unique opportunity to deepen our focus on high-impact SME sub-sectors, including agriculture, women- and youth-led enterprises, among others.”

    AGF Group CEO Jules Ngankam also emphasized the depth of impact expected from the renewed partnership. “By supporting the bank to accelerate SME financing, we envision several development impact indicators, including increasing the number of people employed and engaged in businesses and growth of enterprises from one stage to another, for instance, from Small to Medium enterprises,” he said.

    Part of the initiative’s strength lies in its alignment with the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth program.

    This program aims to unlock up to $3 billion for women-led businesses in Africa. Through the AGF–Equity partnership, women entrepreneurs will benefit from increased guarantee cover and receive technical support via the Equity Group Foundation, helping to close the persistent gender finance gap.

    The partnership also places environmental sustainability at the core of its mission. Through AGF’s Green Guarantee Facility and Equity’s support for coastal and freshwater livelihoods, both organizations are championing green and blue economy activities that promote sustainable use of natural resources.

    In addition to financial support, AGF will continue to build capacity within Equity Group through specialized training programs, focusing particularly on gender-smart investing—an area that is increasingly crucial for ensuring inclusive growth.

    Equity Group, a Pan-African financial services powerhouse listed on several stock exchanges, has grown to serve over 21.6 million customers with an asset base of $13.96 billion. Its diversified portfolio spans banking, insurance, fintech, investment, telecom, and social impact. In 2024, it was named the second strongest financial brand in the world by Brand Finance.

    AGF, backed by major development institutions including DANIDA, AfDB, AFD, and the Mastercard Foundation, has already unlocked more than $5 billion in SME financing through 250 financial institutions in 44 countries. Its model of risk-sharing and capacity-building has made it a cornerstone of SME development in Africa.

    Equity Group Managing Director & CEO, Dr. James Mwangi (Left) and African Guarantee Fund Group CEO, Jules Ngankam (Right) display a signed agreement to scale up transformative partnership with USD 500 Million guarantee facility to accelerate MSME financing.Equity Group Managing Director & CEO, Dr. James Mwangi (front Left) and African Guarantee Fund Group CEO, Jules Ngankam (front Right) sign an agreement to scale up transformative partnership with USD 500 Million guarantee facility to accelerate MSME financing. Standing behind them from L-R: Equity Group Chief Strategy Officer, Brent Malahay, Equity Group Chief Operating Officer, Samwel Kirubi, African Guarantee Fund Board Chairman, Felix Bikpo and African Guarantee Fund Group Director of Legal and Corporate Affairs, Juneid Kodabux.

  • Moses Turahirwa remanded over drug-related charges

    The ruling followed a pre-trial detention hearing held on May 6, 2025.

    In his defense, Turahirwa cited ongoing mental health challenges, which he said have led to impulsive behavior and poor judgment. He also informed the court that he has begun receiving medical and psychological treatment.

    During the hearing, the Prosecution accused Turahirwa of drug trafficking, referencing his own admission during interrogation, where he acknowledged that the narcotics found in his possession had been brought from Kenya, and that he had personally consumed them.

    The prosecution further argued for continued detention based on Turahirwa’s admission of possession, stating he was found with cannabis, although he disputes the quantity. The prosecutor claimed that he was in possession of 13 pellets at the time of arrest.

    After reviewing the evidence and submissions, the court determined that remand in custody was warranted. Turahirwa has been in detention since April 22, 2025.

    This is not the first time the fashion entrepreneur has faced legal trouble related to drugs. In April 2023, he was arrested on charges, including drug abuse and forgery.

    He later admitted to cannabis use during his appearance before Nyarugenge Primary Court in May 2023 and was granted bail by the Nyarugenge Intermediate Court on July 15, 2023.

    Following trial proceedings, on December 20, 2024, the court found him guilty of both forgery and drug consumption, sentencing him to three years in prison and imposing a fine of Rwf 2 million, in addition to Rwf 20,000 in court fees.

    Turahirwa has since appealed the conviction, though the appeal hearing has not yet taken place.

    Moses Turahirwa has been remanded for 30 days over drug-related charges.

  • Pope Leo XIV begins pontificate with message of unity and gratitude in English

    Celebrating Mass in the Sistine Chapel alongside the College of Cardinals, Pope Leo XIV opened with heartfelt words before switching to Italian and Latin, the traditional liturgical languages of the Vatican.

    “I’ll begin with a word in English, and the rest is in Italian,” he said gently, pausing for a moment before continuing: “But I want to repeat the words from the Responsorial Psalm. I will sing a new song to the Lord because he has done marvels.”

    With those words, the new pontiff—Cardinal Robert Francis Prevost, now Pope Leo XIV—invited the Church to recognize the grace and wonders of God not only in his own election, but in the collective journey of the Church itself.

    “And indeed, not just with me, but with all of us, my brother cardinals, as we celebrate this morning, I invite you to recognize the marvels that the Lord has done, the blessings that the Lord continues to pour out upon all of us.”

    In his brief English introduction, Pope Leo XIV emphasized themes of gratitude, humility, and shared mission, calling on the cardinals to accompany him in service to the Church and the world.

    “Through the ministry of Peter, you have called me to carry that cross and to be blessed with that mission. And I know I can rely on each and every one of you to walk with me as we continue, as a church, as a community of friends of Jesus, as believers, to announce the good news, to announce the gospel.”

    “God has called me by your election to succeed the Prince of the Apostles, and has entrusted this treasure to me so that, with his help, I may be its faithful administrator…” he added.

    The choice to begin in English—spoken in his native Chicago and around the globe—was not only personal but pastoral, offering a sign of accessibility to a global audience at a time when the Catholic Church is increasingly diverse and interconnected.

    By invoking the image of the Church as a “community of friends of Jesus,” Pope Leo XIV set a tone of closeness, fraternity, and evangelization for his pontificate.

    His words echoed across the chapel and beyond, offering a message of hope, unity, and spiritual renewal as he steps into the role of shepherd to more than a billion Catholics worldwide.

    In a symbolic moment during his first Mass as the newly elected pope, Pope Leo XIV began his inaugural homily with a message in English—a rare choice that underscored both his roots and the global nature of today’s Catholic Church.

  • Xi says China, Russia should make new, greater contributions to national development and revitalization, int’l fairness and justice

    Xi made the remarks when he and Russian President Vladimir Putin jointly met the press after their talks at the Kremlin in Moscow.

    In the face of the changes of the world, of the times and of historical significance, China and Russia should keep a firm grasp on the development direction of bilateral ties and the general trend of the development of human society, Xi said.

    Noting that his talks with Putin were in-depth, cordial and fruitful, Xi said he and Putin reached many important new consensus, signed a joint statement on further deepening China-Russia comprehensive strategic partnership of coordination for a new era and witnessed the exchange of multiple bilateral cooperation documents, which injected new impetus into the development of China-Russia relations.

    Xi said this is his 11th visit to Russia, the country he has visited the most since becoming the president of the People’s Republic of China. On Friday, he will attend the celebrations marking the 80th anniversary of the victory of the Soviet Union’s Great Patriotic War, his second time attending the grand commemoration event in ten years.

    Xi said the past decade has witnessed major turbulence and transformation in the international situation, as well as great leapfrog in China-Russia ties. The two countries have jointly witnessed the continuous consolidation and deepening of political mutual trust, and the continuous improvement of cooperation in various fields.

    Xi said that China and Russia must uphold long-standing friendship from generation to generation and remain true friends forged through trials and tribulations. Eighty years ago, in the face of brutal aggression of militarism and Nazism, the Chinese and Russian peoples stood united, fighting side by side against a common enemy and writing a remarkable and heroic chapter in history, he said.

    The great friendship forged between the two peoples through the trials of war and bloodshed has laid a solid foundation for the high-level development of bilateral relations, Xi said, adding that the two countries should deepen political mutual trust, enhance strategic coordination and advance bilateral ties toward a more mature and resilient future.

    Xi said that the two countries should uphold mutual benefit and win-win cooperation, and be good partners who help each other prosper.

    From overcoming hardships to deliver urgently needed supplies to each other during World War II, to the current record-breaking bilateral trade volumes, the “high-speed train” of China-Russia mutually beneficial cooperation has taken an extraordinary journey through mountains and valleys, overcoming challenges and obstacles, he said.

    China and Russia should continue to deepen practical cooperation in various fields and solidify the material foundation for their comprehensive strategic coordination, bring more benefits to the people of both countries and give stronger momentum to global development, he said.

    Xi noted that the two countries should uphold fairness and justice and defend the international order. China and Russia, as main theaters of Asia and Europe in WWII, have made decisive contributions to the victory of the World Anti-Fascist War and laid a solid foundation for the establishment of the post-war international order, he said.

    As forces for stability, progress, and development in the international community, China and Russia should continue to firmly stand together, resolutely safeguard the UN-centered international system and the international order underpinned by international law, and continuously promote an equal and orderly multipolar world, said Xi.

    China and Russia must uphold solidarity and mutual assistance and act as leading forces in global governance, Xi noted, stressing that the future of the world should be decided by all countries together, and the fruits of global development should be shared by all.

    As major countries and key emerging market economies, China and Russia both shoulder the lofty mission of advancing global governance toward greater equity and justice, and the two sides should enhance coordination within multilateral platforms such as the UN, the Shanghai Cooperation Organization and BRICS, remain committed to true multilateralism, guide global governance in the right direction, and promote a universally beneficial and inclusive economic globalization, he said.

    Xi emphasized that in the face of a turbulent and complex international situation, China and Russia must firmly uphold the spirit of lasting bilateral good-neighborliness and friendship, comprehensive strategic coordination and mutually beneficial cooperation.

    The two countries should stand together to overcome challenges, comprehensively elevate the level, scope and resilience of China-Russia relations, inject greater stability into world peace and security, and provide stronger momentum for global development and prosperity, said Xi.

    Chinese President Xi Jinping and Russian President Vladimir Putin jointly meet the press after their talks at the Kremlin in Moscow, Russia, May 8, 2025. Xi held talks here on Thursday with Putin. (Xinhua/Zhai Jianlan)

  • Xi calls on China, Russia to maintain strategic resolve, coordination

    Xi made the remarks during a chat over tea with Russian President Vladimir Putin at the president’s office of the Kremlin in Moscow.

    As long as China and Russia maintain strategic resolve and coordination, no force can stop the two countries from achieving their respective development and revitalization, no force can shake the strong foundation of long-standing friendship between the two peoples, and no force can hold back the prevailing trend toward a multipolar world and economic globalization, said Xi.

    Xi also voiced readiness to stay in close communication with Putin to chart the course for China-Russia relations and make contributions to advancing global governance.

    For his part, Putin said that Russia and China have always stood together in solidarity and supported each other, forging an unbreakable friendship.

    The Russian president said he is willing to maintain close strategic communication with Xi, provide strategic guidance for the development of bilateral relations, jointly respond to the challenges of a complex international landscape, deepen comprehensive strategic coordination, safeguard common interests of the two countries and promote the development of a more equitable, democratic and multipolar world.

    The two heads of state exchanged views on the Ukraine crisis and other issues. Xi said that China advocates for and remains committed to the vision of common, comprehensive, cooperative and sustainable security at the global level, and believes it is important to take seriously the legitimate security concerns of all countries and eliminate the root causes of the Ukraine crisis.

    China welcomes all efforts conducive to peace and looks forward to reaching a fair, lasting and binding peace agreement on the Ukraine crisis that is accepted by all relevant parties through dialogue, Xi noted.

    Putin highly commended China’s objective and impartial position on the political settlement of the Ukraine crisis, saying that Russia is ready to engage in peace talks without preconditions and hopes to reach a fair and lasting peace agreement.

    Chinese President Xi Jinping and Russian President Vladimir Putin have a chat over tea at the president's office of the Kremlin in Moscow, Russia, May 8, 2025. (Xinhua/Xie Huanchi)

  • Xi says China, Russia to shoulder special responsibility as major countries

    Xi made the remarks while holding talks with Russian President Vladimir Putin during his state visit to Russia. The two leaders exchanged in-depth views on China-Russia relations and major international and regional issues, reaching consensus on unwaveringly deepening strategic coordination and promoting the stable, healthy and high-level development of China-Russia relations.

    The two leaders also called for promoting the correct historical perspective on World War II, maintaining the authority and status of the United Nations, and safeguarding international justice and fairness.

    Following a grand welcoming ceremony for Xi, the two leaders held small-group and large-group talks successively.

    In recent years, China-Russia ties have enjoyed stable, healthy and high-level development thanks to joint efforts from both sides, Xi said, hailing long-term good-neighborly friendship and mutually beneficial cooperation as distinct features of bilateral ties.

    The political mutual trust between the two countries has grown ever deeper, the bond of practical cooperation ever stronger, while people-to-people exchanges and local interactions have flourished with increasing vitality, Xi said, noting that China-Russia relations have grown more confident, stable and resilient in the new era.

    Xi said that history and reality have fully proved that continuing to develop and deepen China-Russia relations is integral to carrying forward the friendship between the two peoples from generation to generation, adding that it is an inevitable choice for both sides to achieve mutual success and promote their own development and revitalization.

    It is also the call of the times for safeguarding international fairness and justice and promoting the reform of the global governance system, Xi said.

    Noting that this year marks the 80th anniversary of the victories of the Chinese People’s War of Resistance against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War, Xi said that 80 years ago, peoples of China and Russia made tremendous sacrifices and won great victories, making remarkable historic contributions to maintaining world peace and the cause of human progress.

    China will work with Russia to take a clear stand to jointly promote the correct historical perspective on World War II, safeguard the authority and status of the United Nations, firmly defend the victory of World War II, resolutely defend the rights and interests of China, Russia and the vast number of developing countries, and promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Xi said.

    The two heads of state also received briefings from respective department leaders of the two countries regarding bilateral cooperation across various sectors.

    Xi pointed out that China and Russia should stick to the general course of cooperation and fend off external disruptions, so as to solidify the foundation for stable cooperation and ensure stronger momentum for progress.

    The two countries should tap into the resource endowments of both countries and complementary advantages of their industrial systems, and expand high-quality and mutually beneficial cooperation in such fields as economy, trade, energy, agriculture, aerospace and artificial intelligence, Xi said.

    The two countries should take the synergy between the Belt and Road Initiative and the Eurasian Economic Union as a platform to build a high-standard connectivity pattern, he said, adding that the two countries should fully unleash the potential of the China-Russia Years of Culture, strengthen cooperation in education, film, tourism, sports and local areas, and promote deep-rooted people-to-people connectivity.

    The two countries should closely coordinate and cooperate on multilateral platforms such as the United Nations, the Shanghai Cooperation Organization and BRICS, unite the Global South, uphold true multilateralism, and steer the right direction of global governance reform, Xi added.

    Xi emphasized that China is comprehensively advancing the building of a strong country and the great cause of national rejuvenation through Chinese modernization, and that China possesses both the resolve and confidence to overcome all risks and challenges.

    No matter how the external environment changes, China will firmly handle its own affairs well, Xi said, adding that China stands ready to work with Russia to shoulder the special responsibilities bestowed by the times, safeguard the global multilateral trading system and keep the industrial and supply chains stable and unimpeded, and make greater contributions to promoting the development and rejuvenation of the two countries and upholding international fairness and justice.

    For his part, Putin warmly welcomed Xi’s state visit to Russia and his attendance at the celebrations marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War. Putin noted the visit’s great significance, as it not only injected strong momentum into the development of Russia-China relations but also helped safeguard the outcomes of the victory of the World War II.

    Putin said that the Russia-China relations are based on mutual equality and respect, not targeting any third party and not affected by any temporary incidents.

    Unswervingly promoting the development of Russia-China relations and expanding mutually beneficial cooperation are Russia’s strategic choices, Putin said, adding that the Russian side firmly adheres to the one-China principle and has always supported China’s position on the Taiwan question.

    Russia is ready to maintain close high-level exchanges with China, strengthen practical cooperation in such fields as trade, investment, energy, agriculture, science and technology, deepen people-to-people and cultural exchanges in education, culture, youth, tourism and other areas, and expand the connotations of the Far East region cooperation.

    Imposing high tariffs is senseless and illegal, and will only backfire, Putin said, adding that the two sides should enhance coordination and cooperation within multilateral frameworks such as the United Nations, the Shanghai Cooperation Organization and BRICS, support the process toward a multipolar world, jointly oppose unilateralism, reject the abuse of sanctions, resist bloc confrontation, and safeguard the common interests of the international community.

    Noting that both Russia and China made great sacrifices in the World Anti-Fascist War, Putin said that under the strong leadership of the Communist Party of China, the Chinese people fought bravely and achieved a great victory in the War of Resistance Against Japanese Aggression, making significant contributions to the victory of World War II.

    During the arduous years of war, Russia and China supported each other and forged a profound friendship, laying a solid foundation for the development of bilateral relations, Putin said, adding that both sides should safeguard the authority of the United Nations and international law, preserve the correct historical narrative on World War II, uphold international fairness and justice, and work together to create a brighter future for both countries and the world.

    After the talks, the two heads of state jointly signed a joint statement on further deepening the China-Russia comprehensive strategic partnership of coordination for a new era. The two leaders jointly witnessed the exchange of over 20 bilateral cooperation documents, covering areas including global strategic stability, safeguarding the authority of international law, biosecurity, investment protection, digital economy, quarantine and film cooperation.

    The two heads of state instructed the relevant departments of both countries to strengthen communication and coordination in accordance with the consensus reached by both sides, promote practical cooperation and achieve more concrete results.

    The two heads of state also jointly met the press.

    Chinese President Xi Jinping shakes hands with Russian President Vladimir Putin at the Kremlin in Moscow, Russia, May 8, 2025. Xi held talks here on Thursday with Putin. Putin held a welcome ceremony for Xi at the St. George's Hall. (Xinhua/Huang Jingwen)

  • In commemoration of the 80th anniversary of victory in the Great Patriotic War 1941-1945

    This conflict between the Soviet Union and Nazi Germany lasted almost four years, from June 22, 1941, to May 9, 1945. It brought unspeakable suffering and immense sacrifices to our people, with 27 million Soviet lives lost; their memory remains sacred to us. Yet it concluded with a triumphant victory, the capture of Berlin, and the signing of the Act of Unconditional Surrender by Germany.

    The Great Patriotic War was part of World War II, a global conflict where the Axis Powers – Germany, Japan, and Italy – faced off against the Allies led by the Soviet Union, the United States, and the United Kingdom.

    This “war within a war” stood out for its unprecedented scale (the Soviet-German front was the most significant and concentrated in terms of forces, determining the outcome of the global conflict), unparalleled ferocity (the Nazis literally considered our ancestors subhuman and committed monstrous atrocities against them), irreconcilability of goals (for both sides, the fate of their state hung in the balance, and for the Soviet people, it was also about physical survival).

    Therefore, for RussiaVictory Day is not just an anniversary of a significant historical event but essentially a “second birthday.” Many Russians believe that without it, there would be no us today, passing on the veneration of the heroism of their grandfathers and great-grandfathers from generation to generation..

    This holiday is truly national and will remain so for a long time, which explains the special attention it receives from the leadership of our country and most former Soviet states, even 80 years after the victory.

    “However, what relevance does a war, so important to you but very distant from the African continent, have to do with us”? – Africans might ask. Surprisingly, the connection is direct, as the Soviet Union’s triumph in the Great Patriotic War and the subsequent formation of the global socialist bloc paved the way for Africa decolonization.

    Without the presence of a powerful alternative force that unconditionally supported national liberation movements, former colonial powers might not have so quickly acquiesced to the independence of their colonies. Moreover, the support provided by socialist states, led by the USSR, to African countries in achieving real independence and fighting apartheid was crucial.

    There is another aspect of the Soviet people’s victory over Nazism that is particularly relevant for Africans today. Contrary to the narrative presented by the West that portrays the Soviet-German conflict as a “clash of two totalitarian regimes,” the Great Patriotic War was fundamentally a confrontation between two diametrically opposed ideologies.

    While communism evolved from European humanist ideals, Nazism was based on a man-hating theory of racial superiority, not just of the “white” race over “colored” peoples but of the “Aryan race” (to which Hitler and his followers added Germanic peoples, including Anglo-Saxons) over all others.

    The fact that the Soviet system categorically rejected the notion of racial inequality, despite its harshness in some other aspects, while such ideas often found influential supporters in the West, including the US and the UK, cannot be refuted by our opponents.

    When the General Assembly of the United Nations passes resolutions calling for action against Nazism and racism, regularly proposed by Russia and its allies, the voting results are quite predictable. Western countries and their close allies vote against adopting these documents, whereas African states, including Rwanda, consistently support them.

    The narrative that “that war was a white people’s quirk,” occasionally heard from African intellectuals, is also unfounded. Especially given the ongoing “battle for historical truth” between Russia and the West, which includes the recognition of the mass extermination of Soviet people by Nazi Germany, its allies, and collaborators during the Great Patriotic War as genocide.

    Before dismissing the lack of an internationally recognized definition of genocide at the time, it’s worth noting that the actions of the Ottoman Empire against Armenians in 1915 are widely recognized as genocide and so about massacres of Herero and Nama people by the Germans in the beginning of the XX Century.

    The number of victims among our compatriots is unprecedented in world history, and the entire Russian people were destined for extinction by the Nazis had they succeeded in their aggression.

    What lesson from that Great Victory is most relevant today? Perhaps the one that Russia’s adversaries have failed to learn over centuries (Hitler was far from the first to try to subdue Russia): it is futile to attempt to subject our country to your will, to impose foreign orders and values on its people, or expect to strengthen its own security at Russia’s expense.

    The outcome is always tragic – Polish King Sigismund of the 17th century, Swedish King Charles XII of the 18th century, French Emperor Napoleon of the 19th century, and the ill repute Fuhrer of the “Thousand-Year Reich” of the 20th century could all attest to this. Those who today aim to “inflict a strategic defeat on Russia” should remember this.

    But another lesson is maybe equally important. The victory over Nazi Germany was achieved largely through the unity of all forces rejecting the absolute evil it represented.

    Russia remains grateful to our former allies for their solidarity and assistance, proud of our contribution to saving humanity from Fascism. We consider the United Nations, established as an aftermath of the war, to be an enduring common asset, despite its shortcomings, serving as a cornerstone of international relations.

    In our country it is believed that reforming the UN to ensure adequate representation of the “Global South” in its key mechanisms is achievable if confrontational trends in global politics can be overcome. We are ready to collaborate with those who recognize the inevitability of change and are willing to meet halfway towards finding reasonable compromises.

    Sixteen years after the Great Victory, a song emerged in the Soviet Union and the title speaks for itself: “Do Russians Want War?” Its lyrics, providing a clear answer to this question, have been etched into the memories of entire generations of Russians.

    A nation that lost every seventh citizen in less than four years cannot want war; they will wage it only when there is no other choice left. But if it comes to that point, they will fight until victory, fervently desiring peace but prepared to wait for it and pay dearly for their security and the triumph of justice as they understand it. One can love, be indifferent to or hate Russia, but the “genetic code” of the country, shaped by more than a thousand years of history, remains unchanged.

    The author of this article, Alexander Polyakov is the Ambassador of Russia to Rwanda.

  • UN hopes China-U.S. talks to move towards more normalized trade relationship

    “We just hope that these talks will help the United States and China to move towards a more normalized relationship regarding their trade relations. As the secretary general made clear, there can be no winners in a trade war,” Farhan Haq, the deputy spokesperson for UN Secretary-General Antonio Guterres, said at a daily briefing.

    The UN chief “is particularly worried about the situation in terms of how a global war could affect developing countries. So any effort to avoid that would be welcome,” Haq added.

    He Lifeng, a member of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, will visit Switzerland from May 9 to 12. During his visit to Switzerland, He, as the Chinese lead person for China-U.S. economic and trade affairs, will have a meeting with the U.S. lead person Treasury Secretary Scott Bessent, a Chinese Foreign Ministry spokesperson announced on Wednesday.

  • Bugesera International Airport construction takes shape

    Construction of the airport began in 2017, spearheaded by the Government of Rwanda.

    A few years later, Qatar Airways joined the venture, bringing in additional investment and expertise that led to an expansion of the original design.

    Today, the project stands as one of Rwanda’s most strategic infrastructure investments, aligned with its broader National Strategy for Transformation (NST2) to boost economic growth and global connectivity.

    According to Jules Ndenga, CEO of Rwanda Aviation Travel and Logistics, foundational work such as the runway, internal roads, and water drainage systems was completed by the end of 2024. The focus has now shifted to constructing the airport’s main buildings.

    “We’ve moved into the vertical phase,” he explained. “The groundwork is finished—the runways, roadways and drainage systems are done. What remains is building upward, and we’re currently laying the foundations.”

    “The final phase, which will complete the airport, began nearly a year ago. We are currently at the stage of excavating the building’s foundation,” he added.

    The artistic impression of Bugesera International Airport.

    Although different parts of the project fall under separate contracts, overall construction progress is being tracked as a whole.

    When all the completed work is taken together, the project stands at roughly a quarter of completion.

    “The combined works so far account for about 25 to 30 percent of the entire project,” Ndenga said.

    The airport is being built by a joint venture of three companies: Mota-Engil from Portugal, which initiated the first phase of construction; UCC Holding from Qatar; and CCC (Consolidated Contractors Company) from Greece.

    Together, they formed a unified entity called UMC, which signed the official contract with the Government of Rwanda.

    According to Ndenga, this setup ensures streamlined coordination. However, these companies are free to subcontract certain works to local firms, which may supply concrete or handle internal road construction.

    Despite the solid progress, Ndenga acknowledged that certain external challenges could impact the timeline.

    Global economic instability, rising construction costs, and supply chain disruptions remain real concerns.

    He pointed to the post-COVID period as an example, when global demand for goods surged and transportation logistics became severely strained.

    Unpredictable weather is another factor. Rwanda typically schedules major construction during the dry season, but unexpected rainfall can delay critical phases of work.

    “You might plan to expedite construction during the dry season, only to be caught off-guard by sudden rain. These are the kinds of challenges that can’t always be controlled,” he noted. “Fortunately, on the technical side, Rwanda has strong experience in construction.”

    The project has also begun delivering on its promise of job creation. The ground work employed around 2,000 workers, and the vertical phase is expected to add another 4,000, bringing the total to over 6,000 jobs.

    While many of these are formal, contracted positions, the ripple effects are being felt more broadly.

    Small businesses and service providers in nearby areas like Nyabagendwa and Nyamata are seeing increased demand as workers spend their wages locally—eating at restaurants, shopping, and using local services.

    “Job creation includes both direct and indirect employment,” said Ndenga. “Even if we can show you contracts for 2,000 workers, more locals benefit from the economic activity this project generates.”

    Looking ahead, the first phase of Bugesera International Airport will have the capacity to handle 7 million passengers per year once completed in 2027.

    The second phase, expected by 2032, will expand that capacity to 14 million passengers annually. The airport is set to become a key hub for the region, with Qatar Airways holding a 60% stake in the infrastructure.

    The foundational work such as the runway, internal roads, and water drainage systems was completed by the end of 2024.Construction of the airport began in 2017, spearheaded by the Government of Rwanda.