Kigali International Financial Center Reveals Rwanda’s Ambitions to be the African Hubby Fintechnews Africa 1 April 2021
Rwanda Finance Limited (RFL), a state owned company mandated by the government, has launched the Kigali International Financial Center (KIFC).
KIFC said in a statement that it aims to become one of the leading international financial centers on the continent.
The entity has developed a comprehensive legal and regulatory framework, robust infrastructure, and a skilled and dynamic workforce that will help investors develop their interests across Africa.
Rwanda Finance is the agency mandated to promote the center.
KIFC has already attracted a number of high profile companies, investors and service providers and is already a member of the World Alliance of International Financial Centres (WAIFC), as well as an Associate Centre in the Global Financial Centres Index (GFCI).
KIFC has also welcomed a new Board of Directors with extensive global expertise in both the public and private spheres, including the recently appointed Chair, Tidjane Thiam, Executive Chairman of Freedom Acquisition I Corp and African Union Special Envoy for Covid 19.
The new brand reflects the vision of KIFC which is to build a bright future for Rwanda and for Africa, by creating jobs, education and professional opportunities for the Rwandan people and by transforming the investment landscape across the continent.
Nick Barigye, CEO of Rwanda Finance, noted:
“Our brand launch today brings bold ambitions to life and signals an important step in the journey of Kigali International Financial Centre. We want KIFC to be a new destination for pan-African investment.
We want to be the jurisdiction of choice for consolidating capital efficiently and deploying it effectively across the continent. We want to connect international investors with opportunities across Africa, we want to connect African entrepreneurs with global capital, we want to connect the people of Rwanda with the world”.