Business news covering companies, markets, startups, economy, investments and corporate trends shaping global and local industries.
Category: Business
OpenAI’s Value Reaches $500 Billion
OpenAI, the company behind the popular ChatGPT technology, has become the world’s most valuable private company after selling shares worth $6.6 billion. At the beginning of this year, OpenAI was valued at $300 billion, while Elon Musk’s SpaceX was estimated at $400 billion. After the share sale on October 2, 2025, OpenAI’s valuation surged to…
Israel Defies Trump’s Call, Kills 50 People in Gaza
On October 4, 2025, Israeli forces killed more than 50 Palestinians in the Gaza Strip, despite U.S. President Donald Trump’s earlier announcement that Israel had “temporarily suspended” its attacks. Officials at Al-Ahli Baptist Hospital told CNN that Israeli strikes hit the Al-Daraj neighborhood on the evening of October 4, killing 17 people, most of them…
Rwanda on a Global Stage: Tourism to Gain from Partnership with LA Clippers and LA Rams
On September 29, 2025, Visit Rwanda launched a groundbreaking partnership with two of the United States’ most prominent sports franchises the Los Angeles Clippers (NBA) and the Los Angeles Rams (NFL). The collaboration aims to promote Rwanda’s tourism and investment opportunities to millions of sports fans across America and beyond. This marks Rwanda’s first entry…
Ugandan Army Commends Cooperation with Rwandan Forces
The Deputy Commander of the Uganda People’s Defence Forces (UPDF) Land Forces, Maj. Gen. Francis Takirwa, has expressed satisfaction with the level of cooperation between Ugandan and Rwandan armies in maintaining security along their shared border. Maj. Gen. Takirwa made the remarks as senior officers from Uganda’s 2nd Division and Rwanda’s 5th Division concluded a…
Rwandan Mother Names Baby “UCI” Championship Following Surprise Labor During Race
From September 21 to 28, 2025, Kigali hosted the UCI Road World Championships, organized by the Union Cycliste Internationale (UCI), marking a historic first for both Rwanda and the African continent. The city was alive with excitement as residents cheered cyclists racing through its spotless streets. Among the spectators was Gentille Abimpaye, who, though heavily…
Pi Network Founder Dr. Chengdiao Fan Calls for Human-Centered Blockchain and AI Innovation at TOKEN2049
Singapore, October 2025 At one of the most influential blockchain events of the year, TOKEN2049, Dr. Chengdiao Fan, co-founder of Pi Network, delivered a powerful keynote speech that urged the global tech community to rethink how innovation serves society. In her address, Dr. Fan explored the interconnected imperatives of advancing blockchain utility, aligning artificial intelligence…
UN chief welcomes Hamas’ statement on U.S. Gaza proposal
UN Secretary-General Antonio Guterres has welcomed Hamas’ statement expressing readiness to release hostages and engage with the Gaza peace proposal presented by U.S. President Donald Trump, according to a statement released Friday by his spokesperson, Stephane Dujarric. Guterres said he was “encouraged” by Hamas’ position and called on all sides to seize this opportunity to…
Hamas Agrees to Release Israeli Prisoners After Pressure from Trump
The Hamas militant group has announced that it has agreed to release all Israeli prisoners, both those who are still alive and those who have died. The decision was announced by Hamas on the night of Friday, October 3, 2025 just hours after U.S. President Donald Trump warned that the group must accept his proposed…
Japan Could Soon Have Its First Female Prime Minister
For the first time in history, Japan could have a female Prime Minister after Sanae Takaichi was elected to lead the ruling Liberal Democratic Party (LDP), giving her a strong chance of becoming the country’s next head of government. Takaichi was elected as the new leader of the LDP on Saturday. A former Minister of…
Russia Rejects the Idea of Supplying Ukraine with Missiles
Russia’s Foreign Minister Sergey Lavrov has stated that Ukraine should not be trusted to receive U.S.-made Tomahawk missiles. He made the remarks during a press briefing on September 30, 2025, at the Valdai Discussion Club in Russia, saying Washington has not yet decided to provide Kyiv with these long-range weapons, as the U.S. typically supplies…
Trump Issues Decree to Defend Qatar if Attacked
U.S. President Donald Trump has signed a decree committing his country to defend Qatar in the event that it comes under attack. The order, signed on September 29, 2025, states that any assault on Qatari territory will be considered a threat to U.S. security, prompting immediate American action. The decree reads: “The United States will…
U.S. Warns That Federal Employees Could Be Laid Off
The White House has announced that government employees across various federal agencies may soon begin to face layoffs due to the suspension of certain operations. The shutdown of some government activities began on Wednesday, October 1, 2025, after members of Congress failed to reach an agreement on the federal budget. Republican senators, who currently hold…
Elon Musk Becomes the First Person With a Net Worth Exceeding $500 Billion
Elon Musk, the founder of companies including Tesla, which manufactures electric cars, has set a record by becoming the first person in history to have a net worth of more than $500 billion. The growth of Musk’s fortune mainly comes from the surge in Tesla’s market value as well as his other companies. He is…
Elon Musk Urges People to Stop Using Netflix
Elon Musk has launched a campaign encouraging people to stop using Netflix, the popular streaming platform for movies and shows, after it aired a children’s film that includes homosexuality. The billionaire posted messages on his social media platforms calling on everyone to cancel their Netflix subscriptions, saying it was about “protecting the lives of their…
Jimmy Kimmel calls Trump a ‘puppy of a dog’
Jimmy Kimmel, host of the late-night show Jimmy Kimmel Live on America’s ABC Television, called U.S. President Donald Trump a “puppy of a dog.” Kimmel made the remark while speaking with Stephen Colbert, host of The Late Show with Stephen Colbert on CBS. Kimmel said it was the first time he had seen a U.S….
“Go to bed and sleep” Putin tells Europeans worried about a Russian attack
President Vladimir Putin has told European leaders who constantly express fears of a possible Russian invasion to calm down, “go to bed and sleep.” He made the remarks on Thursday, October 2, 2025, in Sochi, Russia. Since the war in Ukraine began, some European leaders have repeatedly warned that unless Putin is stopped, he might…
Trump gives Hamas deadline to accept Gaza peace plan
U.S. President Donald Trump has told Hamas that it must accept the peace plan announced by America no later than Sunday, October 5, 2025, or face severe consequences. Trump made the announcement on Friday through his Truth Social platform, stating that an agreement must be reached by 6:00 p.m. Washington time on Sunday. The peace…
Projects and Communications Officer
Location: Kigali, Rwanda Type: contract About Company Kigali Public Library is a public institution in Kigali, Rwanda, offering both physical and digital library services including a catalog of books and other media, workshops, and a writing competition for students. It aims to foster literacy, creativity, and access to knowledge by providing resources in English, French,…
Accountant job at AvadaPay
Employment type: Employee Department: Finance Location: Rwanda About Us AvadaPay is a leading fintech company headquartered in Dubai, with a strong presence across the MEA region. The company is fully licensed and regulated in multiple jurisdictions, providing payment and communication solutions to businesses, financial institutions, and payment agents. As part of its growth, AvadaPay is expanding…
Banquet Supervisor Job at Marriot hotel
POSITION SUMMARY Ensure staff is working together as a team to ensure optimum service and that guest needs are met. Inspect grooming and attire of staff, and rectify any deficiencies. Complete opening and closing duties including setting up necessary supplies and tools, cleaning all equipment and areas, locking doors, etc. Inspect storage areas for organization,…
Rwanda reaches over 95% compliance in human rights over the past four years
The Ministry of Justice has announced that in the past four years, Rwanda achieved over 95% compliance with commitments related to human rights, marking an improvement compared to the previous four year period. This was highlighted during a meeting in Kigali on September 30, 2025, where a report assessing Rwanda’s progress in implementing human rights…
RwandAir launches flights to Mombasa and Zanzibar
The Rwandan national carrier, RwandAir, has announced that it will begin operating flights on the Zanzibar Mombasa route starting December 1, 2025. In a statement released on September 29, 2025, RwandAir indicated that the new route, Zanzibar Mombasa, will be served by a Boeing B737, with four weekly flights: on Mondays, Wednesdays, Fridays, and Sundays….
Ambassador Ngoga embarrassed the DRC after it bragged of having more democracy than Rwanda
Rwanda’s Ambassador to the United Nations, Martin Ngoga, embarrassed the representative of the Democratic Republic of Congo (DRC) to the UN, Zénon Mukongo Ngay, after he attempted to portray his country as being more democratic than Rwanda. On September 29, 2025, during a United Nations Security Council session, both Rwanda and the DRC were given…
Australia Sunscreen Scandal Expands as More Products Pulled from Shelves
Australia’s sunscreen controversy is escalating, with 18 products already removed from stores amid safety concerns in the skin cancer hotspot. A June analysis by a consumer advocacy group found that several popular and expensive sunscreens failed to deliver the SPF protection claimed by their makers. For example, Ultra Violette’s Lean Screen Skinscreen, marketed as SPF…
Fred Gisa Rwigema: A Hero’s Sacrifice for Rwanda’s Peace
On October 1, 1990, the Rwandan Patriotic Army (RPA) began the campaign that would end on July 4, 1994, with the capture of Kigali and the defeat of the genocidal regime, effectively halting the genocide against the Tutsi. Led by Maj. Gen. Fred Gisa Rwigema (may his memory live on), the RPA crossed the border…
The Evolution of Patriotism in Rwanda: A Legacy that Shapes Generations
In Rwanda, patriotism is not just a concept but a lived reality, deeply embedded in the country’s history and culture, says Nicolas Rwaka, Division Manager of Research on Heroism, Outstanding Achievers, and Decorations at the Chancellery for Heroes, National Orders, and Decorations of Honour (CHENO). According to Rwaka, patriotism is a legacy inherited from ancestors…
Rwanda and DRC in final talks on economic partnership
The United States has announced that Rwanda and the Democratic Republic of Congo (DRC) have entered the final stage of talks to prepare an economic development partnership expected to benefit their citizens as well as the wider region. U.S. Advisor on Africa Partnerships, Massad Boulos, stated on the morning of October 1, 2025, that he…
Sewit Ahderom appointed President of Mastercard Foundation
The Board of Directors of the Mastercard Foundation has announced the appointment of Sewit Ahderom as its new President and Chief Executive Officer. This decision follows the announcement by Reeta Roy that she would be stepping down after 18 years at the helm of the Foundation. Roy will continue to lead the Foundation until the…
Rwanda’s Twagirayezu Named Vice President of International Space Federation
GATEOFWISE.COM Gaspard Twagirayezu, Chief Executive of the Rwanda Space Agency (RSA), has been elected Vice President of the International Astronautical Federation (IAF). The announcement was made on Tuesday, September 30, during the International Astronautical Congress taking place in Sydney, Australia. At the event, Twagirayezu emphasized Africa’s vision of taking an active role in global space…
Uganda: Over 78% of Teenage Girls Have Had Sexual Intercourse
GATEOFWISE.COM A new health status report from Uganda has revealed that 78% of girls under the age of 19, most of them still in school, have had sexual intercourse for the first time raising concerns over the rising rates of teenage pregnancies. Aggrey Kiyingi Kabenge, the Permanent Secretary at the Ministry of Gender, Labour, and…
Colombian President Criticizes U.S. After Losing Visa
GATEOFWISE .COM Colombian President Gustavo Petro has condemned the United States’ decision to revoke his visa, a move reportedly linked to his criticism of Israel’s war in Gaza. Last week, Washington announced it would strip Petro of his visa following his participation in a pro Palestinian demonstration in New York, where he also called on…
Ukraine Accused of Lacking Will to End War With Russia
GATEOFWISE.COM Kremlin spokesperson Dmitry Peskov has accused Ukraine of dragging its feet in efforts to end the war with Russia, claiming the country lacks the willingness to continue negotiations. He said that during the most recent talks between the two sides held in Istanbul, Turkey, the Ukrainian delegation behaved poorly. “At the Istanbul meeting, our…
The Motives Behind Israel’s Apology to Qatar
GATEOFWISE.COM Israel has issued an apology to Qatar over a recent airstrike in Doha that targeted a building where Hamas leaders were holding talks aimed at ending the ongoing war. On September 9, 2025, Israel launched the strike in Doha without consulting Qatari authorities, deploying 15 fighter jets that dropped around 10 missiles. Hamas stated…
Russia and Ethiopia in Talks to Expand Trade Cooperation
GATEOFWISE.COM Ethiopia’s Ministry of Trade and Regional Integration has announced the start of discussions aimed at strengthening trade cooperation with Russia. The talks, which began on Monday, September 29, 2025, focus on facilitating the exchange of key goods such as coffee, maize, and other essential products between the two countries. Speaking at a press briefing…
Ukraine: Ombudswoman Raises Concerns Over Growing Use of Russian Language
GATEOFWISE.COM Ukraine’s Ombudswoman, Elena Ivanovskaya, has expressed concern about the increasing use of the Russian language among citizens, despite the government’s previous ban on its usage. In an interview with the Ukrainian outlet RBK, Ivanovskaya said that people have started returning to speaking Russian openly, something she described as alarming. “A segment of society is…
Key Points on Trump’s Peace Plan for Gaza
GATEOFWISE.COM The United States has announced a peace plan prepared by President Donald Trump, expected to help Gaza achieve lasting peace and economic recovery so it can become one of the model cities of the Middle East. The plan, released on October 29, 2025, states that first and foremost, Gaza must become a region free…
YouTube to Pay $24.5 Million in Settlement of Trump Lawsuit
GATEOFWISE.COM YouTube has agreed to pay $24.5 million to settle a lawsuit filed by former President Donald Trump after his account was suspended on the platform due to the January 6, 2021 riots at the U.S. Capitol. The platform, owned by Google, follows other major social media companies such as Meta and X, which also…
Taxi-Moto Riders Complain About Faulty Batteries at Swap Stations
GATEOFWISE.COM Commercial motorcyclists are raising concerns over ageing batteries at swapping stations, which they say are often mixed with new ones causing breakdowns and financial setbacks during long-distance trips. Battery-swapping points are designed to provide fully charged units with enough power to cover a specific distance. Yet, riders told The New Times that they are…
Pi Network’s Predictive Leap: Redefining Currency, Industry, and Human Purpose
GATEOFWISE.COM As the world faces widening inequality, rapid technological disruption, and environmental strain, Pi Network is positioning itself not merely as a cryptocurrency but as a transformative framework for society. A recent predictive analysis shared by @applekhankorea presents a sweeping vision: eliminating redundant industries, reframing human contribution, and placing Pi as a core infrastructure for…
Nurse (with Counselling Aspect)
Job description Organization: Women for Women International – Empowerment Center LLCLocation: Kayonza Position: Nurse (with Counselling Aspect) Contract Type: Part-time/Contract Application Deadline: October 05, 2025 About the Organization Women for Women International – Empowerment Center LLC is part of the global Women for Women International (WfWI) network, dedicated to supporting the most marginalized women to rebuild their lives. In Rwanda,…
Agribusiness Coaches job at DUHAMIC-ADRI
Job description Introduction DUHAMIC-ADRI is a national non-governmental organization legally operating in Rwanda since 1985, the organization is implementing different programs focusing on economic empowerment, job creation, Conservation agriculture, environment protection and conservation, sensitization for social behavior change, emergency response and capacity building with focus to the most vulnerable population. Since October 2023, DUHAMIC-ADRI has…
System Admin Specialist (2) posts
Rwanda Development Board (RDB) Overview Rwanda Development Board (RDB) is a government institution, mandated to accelerate Rwanda’s economic development by enabling private sector growth. Minimum Qualifications Communication Technology, Electronics and Telecommunication Engineering or in any other related field with 3 years of relevant working experience; or Key Responsibilities Possession of professional certifications such as CCNA,…
