President Paul Kagame has praised the collaboration between Rwanda and Singapore in harnessing digital technology to drive economic growth. Speaking at the opening of the second edition of the Inclusive Fintech Forum (IFF) in Kigali, he highlighted the role of fintech in transforming financial services across Africa.
The forum, organized by the Kigali International Financial Centre (KIFC), Singapore’s Global Finance & Technology Network (GFTN), and the National Bank of Rwanda (NBR), brought together over 3,000 participants. These included government officials, policymakers, regulators, technology experts, and investors discussing economic inclusion through technology.
President Kagame noted that Africa’s young, tech-savvy population has the potential to compete globally. He pointed out the rapid growth of fintech companies on the continent, particularly in mobile money and remittance services.
Highlighting Rwanda’s investments in digital infrastructure, Kagame stressed the need to create a business-friendly environment. He called for a harmonized regulatory framework and stronger efforts to combat cybercrime and fraud.
“Tapping into public-private partnerships and artificial intelligence should be leveraged to unlock opportunities,” he said.
Despite the potential, Kagame acknowledged the challenge of brain drain, with many skilled developers leaving Africa. He urged leaders to take responsibility and create opportunities for young innovators to thrive within the continent.
Addressing financial inclusion, particularly for women in the informal sector, Kagame emphasized the need for better resource utilization and mutual support. He encouraged business founders to take ownership of their development and gain investor confidence.
President Kagame expressed confidence in Africa’s digital transformation and called for collaboration to build a more connected and inclusive future.
Source – Rwanda High Commission in Singapore
