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Rwanda building USD 100 mln ICT start-up fund

Tuesday 8 September 2015 | 13:34 CET | News
Rwandan ICT and youth minister Jean Philbert Nsengimana told Ecofin that the country was working to establish a USD 100 million fund to support young ICT entrepreneurs. He said, "We are woking on dedicated financing. It will be a USD 100 fund to resolve the problems of ICT start-ups' difficulties in obtaining bank loans. There are other types of finance, such as angel investors. This is the sort of financing that we want to put in place with a certain number of financial institutions with the support of the national development promotion agency. We hope to launch the fund soon." The minister

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Categories: IT / Mobile & Wireless
Countries: Rwanda
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