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Rwanda aims to turn Kigali into an African financial centre to drive investment

By David Whitehouse
Posted on Wednesday, 21 April 2021 14:53

Kigali has followed the prescriptions laid down by international organizations with disappointing results. Photo supplied by Rwanda Finance .

Rwanda is seeking to extend it range of partnerships with global financial centres to accelerate its development as an African hub, Rwanda Finance CEO Nick Barigye tells The Africa Report.

Discussions are taking place with potential partners in Europe, the Middle East and North America, Barigye says from Kigali. “The missing link for Africa is financial centres that facilitate the flow of capital,” he says.

Rwanda Finance is a government-owned company set up to encourage investment in the country and region. It promotes the Kigali International Financial Centre (KIFC), set to be officially launched at a meeting of Commonwealth heads of state in Rwanda in June. The company has partnerships with Casablanca Finance City, British development finance institution CDC and France’s BPI.