{"id":89417,"date":"2024-11-09T13:52:34","date_gmt":"2024-11-09T13:52:34","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors"},"modified":"2024-11-09T14:48:46","modified_gmt":"2024-11-09T14:48:46","slug":"rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors","title":{"rendered":"Rwanda engages diaspora community to tap into opportunities in finance, TVET sectors"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda is actively engaging its diaspora talent pool, particularly in the finance and Technical and Vocational Education and Training (TVET) sectors, regarding an initiative aimed at bridging critical skills gaps and promoting sustainable development starting with the opportunities available for them in their motherland.<\/p>\n

Spearheaded by the ministry of foreign affairs, this initiative aims to channel the expertise of Rwandans abroad into key areas such as investment, banking, and fintech, with an eye toward enhancing financial inclusion, innovation, and skills training within the country. This campaign will run until 2025.<\/p>\n

A discussion held virtually early October brought together government officials, industry leaders, and diaspora professionals, to explore pathways for the diaspora’s involvement in propelling Rwanda\u2019s growth across these sectors.<\/p>\n

Rwanda is positioning itself to be a fintech hub and, the country\u2019s new financial technology (fintech) strategy is expected to rake in $200 million in investments into the industry by 2029.<\/p>\n

Jean Marie Kananura, the Chief Investment Officer at Rwanda Finance Limited, reiterated that Rwanda is working to position itself as an international financial destination through Kigali International Financial Centre (KIFC), an initiative that seeks to position Rwanda as a preferred financial jurisdiction for investments into Africa.<\/p>\n

He noted: \u201cRwanda will not get anywhere without world class talents. We\u2019re making concerted effort to attract foreign talents who can contribute to Rwanda and integrate them into our economy and society.\u201d<\/p>\n

He acknowledges that global companies started using more complex strategies and products, thus national institutions need expertise to advise on these sophisticated techniques.<\/p>\n

\u201cThere is a need to build up our own local capabilities. Therefore, I invite you all to join this journey, as we make Kigali a preferred Pan-African financial centre,\u201d he added.<\/p>\n

Nicaise Ishimwe, a member of the Rwandan Community Abroad in Ireland and co-founder of SheUps, a global tech entrepreneurship platform aimed at empowering women, has been actively involved in volunteer work. She, among others, volunteered at IPRC Huye and Tumba, training students in mobile application development and single-based mobile applications.<\/p>\n

Ishimwe saw this experience as a way to step out of her comfort zone and explore the possibility of returning to Rwanda in the future. Currently working at Amazon, she shared her personal experience, highlighting how professionals abroad are eager to give back by transferring knowledge and connecting local students with global networks.<\/p>\n

Ishimwe said: \u201cI\u2019d say that for every diaspora member, or anyone else, we should look for any opportunity to contribute, no matter how small. We can only advance when we bring our strengths together. So, find that niche, seize the opportunity, and make it happen.\u201d<\/p>\n

Yves Karatwa, the Technical Advisor in the Deputy Governor\u2019s Office at the National Bank of Rwanda, emphasized the importance of increasing remittances and promoting digital finance and innovative banking services. As a former member of the diaspora who returned home, Karatwa believes that Rwandans abroad can play a big role in bridging financial gaps.<\/p>\n

Since January, Rwanda has seen a significant surge in remittances from its diaspora over the past decade, with the total amount increasing from $65.1 million in 2010 to $470 million in 2023. This year, over $550 million was recorded.<\/p>\n

\u201cDiaspora contributions are a visible asset to the country, impacting both the micro and macro levels. These funds not only increase the welfare of individuals through consumption and investment but also contribute to over six percent of the country\u2019s GDP,\u201d he said.<\/p>\n

Franc\u0327ois Ngoboka, the Chief Skills Officer at the Ministry of Labour, reiterated that bringing skilled professionals from the diaspora can significantly add more to the quality of technical education, the labour market, and so much more within the country.<\/p>\n

He noted: \u201cIn collaboration with recruitment and human resources agencies, we\u2019ll post vacancies on the Rwandan community abroad portal, allowing access to these opportunities in real time so that interested individuals can apply immediately.\u201d<\/p>\n

\u201cWe\u2019ll also prioritise Rwandans whenever a local company requests to bring in a foreign worker under a work permit. We\u2019ll require them to first post the position on the Rwandan community portal before considering anyone from outside. This approach will help Rwanda tap into a rich talent pool.\u201d<\/p>\n

For More News And Analysis About Rwanda Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwanda is actively engaging its diaspora talent pool, particularly in the finance and Technical and Vocational Education and Training (TVET) sectors, regarding an initiative aimed at bridging critical skills gaps and promoting sustainable development starting with the opportunities available for them in their motherland. Spearheaded by the ministry of foreign affairs, this […]<\/p>\n","protected":false},"author":84,"featured_media":89416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1013,314,4345,366,758,3537],"class_list":["post-89417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-diaspora","tag-finance","tag-fintech","tag-investment","tag-rwanda","tag-tvet"],"yoast_head":"\nRwanda engages diaspora community to tap into opportunities in finance, TVET sectors - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda is actively engaging its diaspora talent pool, particularly in the finance and Technical and Vocational Education ...\" \/>\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\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda engages diaspora community to tap into opportunities in finance, TVET sectors\" \/>\n<meta property=\"og:description\" content=\"Rwanda is actively engaging its diaspora talent pool, particularly in the finance and Technical and Vocational Education ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-09T13:52:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-09T14:48:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/11\/sm_1731151038.44329.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"583\" \/>\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=\"4 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\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda engages diaspora community to tap into opportunities in finance, TVET sectors\",\"datePublished\":\"2024-11-09T13:52:34+00:00\",\"dateModified\":\"2024-11-09T14:48:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors\"},\"wordCount\":713,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/11\/sm_1731151038.44329.jpg\",\"keywords\":[\"Diaspora\",\"Finance\",\"fintech\",\"investment\",\"Rwanda\",\"TVET\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-engages-diaspora-community-to-tap-into-opportunities-in-finance-tvet-sectors\",\"name\":\"Rwanda engages diaspora community to tap into opportunities in finance, TVET sectors - 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