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Equity Group arm to build Kigali Financial Towers in $100m investment | ABDAS

Equity Bank Group is set to fund to a tune of $100 million the construction of Kigali Financial Towers through Equity Holding (EH) Venture Capital.

EH is the investment arm of the Nairobi-headquartered regional lender. The towers are some of the buildings of the Kigali International Financial Centre (KIFC) to host key financial institutions in the country including global investment banks that Rwanda is targeting to attract.

The groundbreaking ceremony took place on Tuesday in Kigali on the sidelines of the Commonwealth Business Forum and was officiated by Rwandan President Paul Kagame.

“Rwanda has an ambition of becoming a financial hub and Equity’s transformational flagship projects are aligned to this agenda. Equity and all those investing in our country have our full support.

I assure all investors that every dollar you invest in Rwanda will pay back,” President Kagame said. The project located in Kigali City centre is expected to be completed within two years.

Rwanda launched its ambition to build a financial hub in 2020 and hired international finance experts including Ivorian banking titan – Tidjane Thiam, ex-boss of Credit Suisse, who is currently the chairman of the board of Rwanda Finance, the company responsible for promoting and developing KIFC.

Speaking at the Commonwealth Business Forum, James Mwangi, the chairman of Equity Group, said the Covid-19 pandemic exposed the current economic and social order and its unsustainability.

“It demonstrated to the world how unstainable the world had been built. The business had lost trust with the host community; inequality had reached a level unprecedented in history.

Globalisation, competitiveness, economies of scale; the theories upon which the world was being built have been put to question because, at the end of the day, it was all about availability,” Mr. Mwangi said, adding that personal protective equipment (PPEs) and vaccines were not available in Africa when they were needed.

“The priority is to focus on agricultural productivity, let’s convert Africa’s arable land into productive agricultural land and hopefully stem the food inflation that has confronted the world,” he said.

KIFC announced the launch of the Virunga Africa Fund, an investment vehicle of $250 million focused on impact investing and jointly funded by the Qatar Investment Authority and the Rwanda Social Security Board.

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Weyane (TPLF) is a Terrorist Organization (Reuters) NOV 7,2013 Elias Kifle November 7, 2013 According to a cable released by Wikileaks, the TPLF minority regime in Ethiopia planted bombs in Ethiopia’s capital Addis Ababa and killed innocent people in a bid to frame neighboring Eritrea for the terrorist crimes. Here are some photos of the crime scene in Addis Ababa captured by Reuter’s correspondent in Ethiopia, Andrew Heavens . Image Image Image Image Addis Ababa blast: Staff clear up piles of broken glass after an explosion shattered windows during lunch time at the popular Lalibela restaurant in Addis Ababa, Ethiopia. According to one report, at least four people were injured in the blast. Andrew Heavens – Addis Ababa – 07 March 2006. Image Image Image Blood-stained steps and torn shoes left by a blast in the Amica Cafe in busy Merkato market area of Ethiopia’s capital Addis Ababa. Two people were reported to have been killed and five injured in the blast – one of nine explosions that rocked the capital this morning. Today’s series was the latest in a string of mysterious explosions to have hit Addis in the past few months. Image Image Shume Seifu, aged 35, one of the people injured in an explosion at the Amica Cafe in busy Merkato market area of Ethiopia’s capital Addis Ababa. Two people died and at least five were injured in the blast – one of at least six to hit the capital this morning. Today’s series was the latest in a string of mysterious explosions to have hit Addis in the past few months. Image A cafe worker clears debris from blood-stained steps at the Amica Cafe in busy Merkato market area of Ethiopia’s capital Addis Ababa. Two people died and at least five were injured after a explosion in the cafe – one of nine blasts to hit the capital this morning. Today’s series was the latest in a string of mysterious explosions to have hit Addis in the past few months. Image Shume Seifu, aged 35, one of the people injured in an explosion at the Amica Cafe in busy Merkato market area of Ethiopia’s capital Addis Ababa. Two people died and at least five were injured in the blast – one of niner to hit the capital this morning. Today’s series was the latest in a string of mysterious explosions to have hit Addis in the past few months. Image The aftermath of an explosion at the GM Cafe near Addis Ababa’s Mexico district. Image Image Image The aftermath of an explosion at the GM Cafe near Addis Ababa’s Mexico district. Image The aftermath of an explosion at the GM Cafe near Addis Ababa’s Mexico district. The customer sitting closest to the seat of the blast in the back corner of the cafe left blood stains on the floor. Source: http://www.flickr.com/search/?q=addis+blast Image Image SUBJECT: ETHIOPIA: RECENT BOMBINGS BLAMED ON OROMOS POSSIBLY THE WORK OF GOE Classified By: CHARGE VICKI HUDDLESTON FOR REASONS 1.4(b)AND(d). ¶1. (S) SUMMARY A series of explosions were reported in Addis Ababa on September 16, killing three individuals. The GoE announced that the bombs went off while being assembled, and that the three dead were terrorists from the outlawed Oromo Liberation Front (OLF) with links to the Oromo National Congress (ONC). An embassy source, as well as clandestine reporting, suggests that the bombing may have in fact been the work of GoE security forces. END SUMMARY ¶2. (U) On September 16, three bomb explosions were reported in the Kara Kore area of Addis Ababa. The explosions were heard at 4:45 a.m., 7:00 a.m., and 10:00 a.m. The National Intelligence and Security Service (NISS), together with the Federal Police Anti-terror Task Force later reported that the bombs were “part of a coordinated terror attack by the OLF and Sha’abiya (Eritrea) aimed at disrupting democratic development.” The NISS said that the intended terror plot had failed and the bombs had mistakenly gone off while the suspects were preparing them while hiding out at an illegally built house. Two of the suspects died immediately, while another died on the way to the hospital. One other is in critical condition. The police task force reported having others in custody related to the plot and that evidence shows the terrorists had ties to Oromo groups – the Mecha and Tulema Association (MTA) and the ONC. They also said that the bombs used contained parts sourced from Eritrea and were consistent with bombs used in previous terrorist attacks. ¶3. (S) On September 20, Dr. Merera Gudina (strictly protect), the former leader of the ONC (and a typically reliable information source), contacted Post to report that the deceased had not died not while constructing a bomb, but rather at the hands of GoE cadres. Dr. Merera said that the men had been picked up by police a week prior, kept in detention and tortured. He said police then left the men in a house and detonated explosives nearby, killing 3 of them. He did not indicate whether the men were ONC or OLF affiliated. ¶4. (S) Clandestine reporting indicates that the bombs did not explode inside the structure, but rather appear to have been placed outside and detonated. [Ambassador Vicki] HUDDLESTON Image Secret Wikileaks Cable Reveals Recent Bombings in Addis Ababa the Work of the Woyane minority regime in Ethiopia Image Image The Two Wiki Files that Froze the Zenawi Regime’s Spine Zenawi’s contempt for Ethiopian lives and his deceptive nature exposed in Wiki files By TesfaNews, Here we go again, on another eye boggling denials by the shameless minority Ethiopian regime after embarrassed by a series of revelation from a secret US Embassy cables released by the whistle blower website Wikileaks. Yesterday, they issued a frantic ‘press statement’ with the usual denials and full of armature diplomatic languages concerning ‘two issues‘ raised on the Ethiopia Wikileaks files. The first issue that hits the nerve of the Addis Ababa junta was the release of the file that exposes the pattern and behavior of the Ethiopian security forces on how they plant bombs in the city then later blame on the opposition and neighboring Eritrea. Because this latest revelation is to their complete disadvantage specially at a time when they were seeking, in a frenzied campaign together with Susan Rice, for more severe economic sanctions on Eritrea under the pretext that Eritrea planned a terror bomb attack during an African Union summit last January in Addis Ababa. The report from a 2006 US Embassy cable reference id: #06ADDISABABA2708, said: “An embassy source, as well as clandestine reporting, suggests that the bombing may have in fact been the work of the Government of Ethiopia (GOE) security forces.” The Wikileaks report goes on, “A typically reliable information source contacted Post to report that” the bodies of three men found at the bomb sites were “men [who] had been picked up by police a week prior, kept in detention and tortured. He said police then left the men in a house and detonated explosives nearby, killing 3 of them.” This high profile US government report irrefutably witnessed the pattern and behavior of the minority regimes identical lies about a nearly identical “terrorist attacks” that are staged time and again in different parts of Ethiopia in the hope of getting some short-lived propaganda gains on its opponents by playing the blame game. However, this also raises some serious questions about the credibility of the recently released report by the UN Monitoring Group for Eritrea and Somalia which blames Eritrean and the OLF for the January bombing attempt at the African Union summit in Addis Ababa, Ethiopia. The second issue that makes the Addis Ababa junta a bit uncomfortable is the release of the file that exposes Zenawi’s ill advice to the Americans on the option of seeing an Al Bashir free Sudan. The January 30, 2009 report released by Wikileaks shows discussions that took place between Zenawi and Acting Assistant Secretary of State for African Affairs Phil Carter and during the discussion, Zenawi told the officials that, “Toppling the government led by Sudanese president Omer Hassan al-Bashir would be the ideal scenario for Washington.” Zenawi then went on to wrap up his views by saying that, “If he [Zenawi] were the United States’ he would look at two options and the first one, which he clearly conveyed as the preferred choice would be “removing the Bashir regime.” Image Re: Reuters: Woyane (TPLF) is a Terrorist Organization (Photos) Postby Tihlo » Today, 02:49 Woyanes are known for planting a bomb and blaming some one else. :mrgreen: image.jpg image.jpg (29.71 KiB) Viewed 1340 times image.jpg image.jpg (26.75 KiB) Viewed 1340 times Breaking News: Ethiopia government conducted a staged bomb attack, yet again!! » Today, 03:08 Ethiopia’s ruling junta again killed innocent civilians by planting a bomb in a minibus. Many people have been warning the possibility of such an attack coming from the terrorist organization which is leading Ethiopia now. It has been a known fact that the ruling party in Ethiopia conducts such criminal acts in order to keep the assistance it gets from the so called ‘allies’ in the name of antiterrorism operations. According to wikileaks documents, even the US is well aware of such criminal acts of the ethnic minority junta in power in Ethiopia, but is still keeping its assistance without any restriction.Four killed in bomb blast as Ethiopia raises security alert: official ADDIS ABABA

Market Research & Intelligence Division Head (Gerji Head Office, Addis Ababa)