2024-08-01 22:03:43
For many years, Rwanda has been preparing to become a financial center, to attract businesses. This includes bringing together economic operators and providers of capital, such as banks or investment funds, but also creating an environment that is attractive to the private sector. A true press, according to the Kigali authorities.
It was in 2020 that Kigali laid the foundations of its goals in the financial sector. For four years, the Rwanda will first try to establish a good environment for businesses. The reason is almost achieved now, according to Jean-Marie Kananura, investment manager at Finance Rwanda, the organization responsible for running the country continental business center. « We are a country where it is easy to start a business, to work and which can be used as a base to carry out an expansion project. In English, we say Proof of national opinion. You come, you test your solution. If it goes well, you can extend it to the computer. »
The benefits of a small country in the Great Lakes region
On a continent where financial institutions are still very rare, Rwanda uses the strengths of a small country, in the middle of a growing economic region. ” If you look at Singapore, Dubai, Luxembourg, Notes Patrick Dupoux, partner at Boston Consulting Group, it is often a small country, surrounded by larger countries, which can become a financial institution through banking on certain assets, such as stability and a certain progress in policies economy, and which can apply to become a financial institution. »
Still challenges before the match with Mauritius
If around a hundred companies have already set up an office in the commercial center, the country, to be successful in its bet, must also attract banks. Twelve already exist, including AFG Holdings, which wants to develop in the Great Lakes region. ” We are interested in the opportunities that Kigali offers, explains Romeo Bouba, deputy general manager of the pan-African banking group. Already by its geographic location, because it is a bridge between West Africa, South Africa and even the Indian Ocean. And also many facilities that the site offers in terms of business climate and telecommunication infrastructure. »
The quality of the digital infrastructure, the number of air connections, the level of qualification of local talents and above all the control of money issued by the Central Bank are the points on which the Rwandan market must improve further if it wants, as Mauricebecome a global reference.
Listen againRwanda’s economic success: a very uneven success
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