| Project Detail |
Rwandas financial sector is driven by the countrys desire to increase national savings, establish itself as an international financial services centre and achieve the sustainable development goals set out in the countrys Vision 2050. The Kigali International Finance Center (KIFC) Development Support Project aims to boost the financial sector in Rwanda and help businesses grow, by creating well-paying jobs and supporting private sector development. With a focus on skills development, promoting sustainable finance, supporting small and medium-sized enterprises and encouraging fintech innovation, the project seeks to position Rwanda as an African hub for international finance. The project aims to: improve skills and training in the Rwandan financial sector to attract and train the best talent to fill the high-paying jobs being created in the financial sector; promote green and responsible investments in Rwanda, to make it a hub for sustainable finance and foster the countrys sustainable development; help micro, small and medium-sized enterprises (MSMEs) grow by providing them with better services and access to innovative financial products, particularly those held by youth and women, by stimulating inclusive private sector growth; support the growth of fintech companies in Rwanda, by increasing their number and the types of services they offer, enabling fintech companies to scale, offer better financial products and create employment opportunities. The direct beneficiaries of the project are key stakeholders in the KIFC ecosystem, including Rwanda Finance Limited (RFL), National Bank of Rwanda (BNR), Capital Markets Authority (CMA), Rwanda Stock Exchange (RSE) and Private Sector Federation (PSF). The final beneficiaries are emerging MSMEs in Rwanda, particularly those in the agriculture, agribusiness, greentech and fintech sectors, led or owned by youth and women, as well as those with high job creation potential. |
