Kigali International Financial Centre (KIFC) has announced the launch of a $250 million Virunga Africa Fund I, which would invest in important industries driving economic and social transformation in Africa. In order to drive economic and social transformation throughout Africa, this fund makes investments in critical industries.
Qatar Investment Authority (QIA) and the Rwanda Social Security Board (RSSB) are the fund’s two largest investors (RSSB). Admaius, an independent investment firm with a pan-African investment team, manages this fund. Kigali is home to the Virunga Africa Fund I.
The CEO of Rwanda Finance Limited, Nick Barigye, referred to KIFC as a “compliant and appealing jurisdiction for investment in Africa.” “Good government, strong connectivity, efficiency, transparency, and an ease in doing business” are some of Rwanda’s strategic advantages, he said.
The fund aims to invest in projects that have a direct impact on the lives of Rwandans and other Africans. As a result, Africa’s private sector becomes more dynamic and self-sufficient, which reduces its reliance on foreign goods. As a result of these investments, more people will be able to access key services like education and healthcare, digital infrastructure, and financial services, and businesses will be able to benefit from secular growth patterns and significant demographic tailwinds in the future.
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