{"id":18062,"date":"2022-05-23T12:49:05","date_gmt":"2022-05-23T12:49:05","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/undps-new-financing-engine-in-rwanda-is-about-regeneration"},"modified":"2022-05-23T12:55:11","modified_gmt":"2022-05-23T12:55:11","slug":"undps-new-financing-engine-in-rwanda-is-about-regeneration","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration","title":{"rendered":"UNDP\u2019s new financing engine in Rwanda is about regeneration"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>While her oracle tree continues to fall, with the gold turning into dust due to Covid-19, conflict, among others, Africa\u2019s roots are so strong.<\/p>\n<p>The remarks are part of a moving speech given by Ahunna Eziakonwa, Regional Director of United Nations Development Programme (UNDP) during an event to launch the organization\u2019s new Pan-African hub in Rwanda dubbed, Timbuktoo.<\/p>\n<p>Under the partnership, Rwanda will host Timbuktoo\u2019s headquarters, whose ambition is to scale to over 1000 Startups on the African continent.<\/p>\n<p>Eziakonwa, who also doubles as the UN Assistant Secretary General, told participants at the event that what Africa is seeing in today\u2019s revolution, emergence of sheer brilliance, is not new on the continent.<\/p>\n<p>\u201cBut it is being squashed, denied a chance to grow to blossom, regenerate, and it refuses just like the stubborn tree whose roots keep coming up even in the drought,\u201d she said.<\/p>\n<p>\u201cYou see shoots popping out and people keep wondering. A regeneration is the way we are describing the development today.\u201d<\/p>\n<p>For UNDP, as a developing organization, to succeed, Eziakonwa called for partnerships that tap into and harness Africa\u2019s local knowledge.<\/p>\n<p>\u201cI am convinced that our development work needs to have partnerships with the people who are creating solutions,\u201d she asserted.<\/p>\n<p><b>Coming to Rwanda<\/b><\/p>\n<p>For the most part, people have gotten used to thinking of Africa as a poor continent, a narrative that previously saw UNDP investing on other continents.<\/p>\n<p>However, she recalled, that journey which began at the margins of the 2019 UN General Assembly, has brought us to a place back here in a country that has actually lived the concept of regeneration.<\/p>\n<p>\u201cWho would have thought that after the 1994 Genocide against the Tutsi, we would be witnessing what we are seeing today?,\u201d she posed the question to a group of angel investors, venture capitalists, innovators as well as youth from academia.<\/p>\n<p>\u201cFrom ashes to perhaps one of the countries that stands tall to demonstrate what it is all about,\u201d she added.<\/p>\n<p>Eziakonwa said she is of the belief that young people in Africa are talented, just like the rest.<\/p>\n<p>\u201cAs UNDP, we have a realization that the development landscape has become so complex, so challenging, so uncertain that no one entity can solve all the solutions. We need to put together our collective minds, resources and assets to solve Africa\u2019s and the world\u2019s problems,\u201d she added.<\/p>\n<p>With Timbuktoo, she called on individuals who believe that it is time to trust young Africans with enough (funds) to make a change, \u2018not just with peanuts\u2019.<\/p>\n<p>Paula Ingabire, Minister of ICT and Innovation commended UNDP\u2019s move to establish the hub\u2019s headquarters in Rwanda, citing long and fruitful relations between both parties.<\/p>\n<p>She also said that the move comes at a time Rwanda has put innovation, technology, youth entrepreneurship at the core of her socio-economic development process.<\/p>\n<p>\u201cIn UNDP, Rwanda found a great partner who really is walking the talk when it comes to what types of partnerships we should forge to create meaningful innovations and support,\u201d Minister Ingabire said.<\/p>\n<p>\u201cThis is just the tip of the iceberg. This is going to be a great journey and you can continue to count on our support as the Government,\u201d she added.<\/p>\n<p><b>Entrepreneurs speak out<\/b><\/p>\n<p>Clarisse Iribagiza, one of Rwanda\u2019s established tech entrepreneurs said she was \u2018excited\u2019 about Timbuktoo for mainly three things.<\/p>\n<p>\u201cOne of them is access to risk capital from an investor that is willing to be patient which is critical along the entrepreneurial journey.\u201d<\/p>\n<p>Second, Iribagiza said, is the ability to construct innovation centers especially given that the initiative targets to construct eight innovation hubs in Africa\u2019s key ecosystems.<\/p>\n<p>Finally, she highlighted, \u201cThe ecosystem collaboration, and that&#8217;s really critical. A Lot of innovation is happening in silos. When you walk into a University classroom you will be amazed by the ideas that are in there but a venture capitalist might never find out about those.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. While her oracle tree continues to fall, with the gold turning into dust due to Covid-19, conflict, among others, Africa\u2019s roots are so strong. The remarks are part of a moving speech given by Ahunna Eziakonwa, Regional Director of United Nations Development Programme (UNDP) during an event to launch the organization\u2019s new [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":18061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28],"tags":[760,763,758],"class_list":["post-18062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UNDP\u2019s new financing engine in Rwanda is about regeneration - Rwanda<\/title>\n<meta name=\"description\" content=\"While her oracle tree continues to fall, with the gold turning into dust due to Covid-19, conflict, among others, Africa ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNDP\u2019s new financing engine in Rwanda is about regeneration\" \/>\n<meta property=\"og:description\" content=\"While her oracle tree continues to fall, with the gold turning into dust due to Covid-19, conflict, among others, Africa ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-23T12:49:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-23T12:55:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/05\/postQueueImg_2-628b841297fd8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1556\" \/>\n\t<meta property=\"og:image:height\" content=\"1036\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UNDP\u2019s new financing engine in Rwanda is about regeneration\",\"datePublished\":\"2022-05-23T12:49:05+00:00\",\"dateModified\":\"2022-05-23T12:55:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration\"},\"wordCount\":680,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/05\/postQueueImg_2-628b841297fd8.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/undps-new-financing-engine-in-rwanda-is-about-regeneration\",\"name\":\"UNDP\u2019s new financing engine in Rwanda is about regeneration - 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