During the meeting, shareholders were commended for their decision to increase equity participation, a move aimed at supporting the construction of COPEDU PLC’s new headquarters.
According to the institution’s financial report, customer deposits rose by 11% to Frw 32.3 billion, up from Frw 24.8 billion. Total assets also increased by 9%, from Frw 46.3 billion to Frw 51.25 billion. Member savings grew by Frw 3.83 billion during the same period, climbing from Frw 34 billion to Frw 38 billion.
Vestine Nyiraneza, Chairperson of the Board of Directors, praised the institution’s strong performance, noting that 95% of COPEDU PLC’s 2024 goals had been successfully met.
“COPEDU PLC is in a strong position overall. Achieving 95% of our annual targets is a testament to the commitment and hard work of our entire team,” she said.
“This progress is the result of unified efforts by shareholders, leadership, staff, and our partners across various sectors.”
Beyond its financial achievements, COPEDU PLC continued to contribute to national development by supporting women’s empowerment, particularly in promoting income-generating activities and access to financial services.
With over 27 years of operation, COPEDU PLC now operates 11 branches nationwide, six of which are managed by women.
Women also hold 70% of the company’s shares, 66% of positions on the executive committee, and represent 63% of the total workforce, further reinforcing the institution’s commitment to inclusive growth.
With these powerful words, Mugesera Antoine, a member of Rwanda Elders Advisory Forum, captures the painful reality that followed Rwanda’s independence on July 1, 1962.
In an exclusive interview with IGIHE, he reflects not only on the symbolic and historic significance of that day, but also on the deep disappointment that unfolded in its aftermath, a betrayal of national hope that still echoes through Rwanda’s history.
Mugesera was among those present at the official Independence Day celebrations in Kigali in 1962. He remembers the moment vividly: the excitement, the expectation, the joy. After decades of colonial rule under Belgium, Rwandans believed independence would open the door to peace, dignity, and national unity. But for many, that dream was quickly and violently shattered.
“For about three years leading up to independence,” he said, “Rwanda had been going through unusual events. King Rudahigwa had died, political parties emerged in 1959, houses were set on fire, people were burned alive, things never seen before in Rwanda. People were being killed… We dreamed that when independence came, things would change for the better.”
But independence did not mark the beginning of reconciliation. Instead, the trauma that began in 1959, following the fall of the monarchy, intensified.
Tutsis were targeted, many were killed, others had their homes destroyed, and thousands fled to neighboring countries as refugees. Rwanda was being torn apart, not by its colonial masters, but by internal divisions that colonial rule had helped create and deepen.
Mugesera recounted that many Rwandans were bewildered by this violence. “We used to ask our parents, ‘What is happening? Why are people you once lived with setting homes on fire?’ They would say, ‘The Belgians turned us against each other.’ So we thought that once the Belgians left, Rwandans would live together again, just as they had done peacefully for centuries.”
Even amid the bloodshed, there remained hope. Songs were sung with lyrics like, “Let the Belgians go back home so that we can become Rwandans again.” This hope, however, began to fade soon after the official celebration. Mugesera explained that within days of independence, violence returned.
The Inyenzi, a group of young exiled Rwandans denied the right to return home, launched attacks. In response, some individuals including children, and the innocent were executed in cold blood.
He recalled, “The celebration happened, and we were joyful, thinking a new chapter was beginning. But that hope quickly faded. Every time something happened, people were killed… Just three or four days after independence, the Inyenzi attacked, and people were killed, accused of being collaborators. Children captured at the time were killed in Nyamagumba, Ruhengeri.”
Yet, for a brief moment on July 1, 1962, there was unity and national pride. Mugesera vividly described the Independence Day celebrations. The day began with a solemn Mass at Sainte Famille church, presided over by Monsignor Perraudin and attended by various priests and dignitaries. The main celebrations took place at a field that now houses the City of Kigali headquarters.
“At around 10:00 a.m.,” he said, “the Belgian representative stood up to speak. He was wearing a sharply cut diplomatic suit. After his brief speech, a trumpet sounded, and soldiers marched to the flagpole. The Belgian flag was lowered, and the Rwandan flag was raised.”
The new President, Grégoire Kayibanda, gave a speech filled with messages of peace, words Mugesera still remembers. “I don’t remember the entire speech, but I distinctly remember him speaking about peace. That word stayed with me, and I thought to myself, ‘we’re finally going to see peace,’ especially since we had just gone through some very troubling times.”
After the speech, students marched proudly with paper flags, and local leaders wore sashes in the colors of the new Rwandan flag. Each prefecture performed songs, dances, and traditional games that reflected their culture. “You felt like you were seeing all of Rwanda’s beauty in one place,” Mugesera recalled. “It was something we’d never witnessed before… It was beautiful.”
But that beauty, he emphasized, was tragically short-lived.
“The joy and hope of independence was short-lived,” Mugesera said. “I would compare it to a pregnant woman who expects a healthy baby, only to give birth to a child with a disability, or to miscarry entirely. What you had envisioned doesn’t come to pass.”
He continued, “Rwandans were wronged, many died. We were said to be independent, but far more people died after independence than before. Independence brought more harm than what existed prior. Instead of progressing, we began to regress. It was like a journey downhill, and it only got worse. Rather than development, everything deteriorated, until it culminated in the Genocide.”
According to Mugesera, the issue was not independence itself, nor the fall of the monarchy, after all, monarchies have ended in other countries without catastrophe. The problem lay in the kind of leadership that came to power. It institutionalized ethnic hatred and deepened divisions.
“Independence should have been a launchpad for progress, but instead, we fell backward because of bad governance,” he said.
For over three decades, Rwanda was governed by a regime that thrived on discrimination and hatred, leading eventually to the 1994 Genocide against the Tutsi. But Mugesera believes that Rwanda has now found its footing. Today, he sees hope again, this time, rooted in responsible and inclusive leadership.
“If we are fortunate, we will continue to have good leaders. Right now, we do. And if we’re lucky enough to keep having capable, responsible leaders, whether they are Twa, Hutu, or Tutsi—as long as they are healthy-minded individuals who care about Rwanda, we will move forward.”
He concluded with a vision that embraces unity over division: “We need leadership that sees all Rwandans. Anyone with sound political thinking will lead us well; but those driven by extremist ideologies will only take us backward.”
Rwanda’s independence was not the end of struggle—it was, in many ways, the beginning of a painful and defining chapter. But today, with the lessons of history in hand, the country continues its journey forward, striving to fulfill the promise that so many believed in on that day in July 1962.
The remarks were made at the High-Level Technical Meeting on AfSEM and the African Continental Power System Master Plan on Monday at the AU headquarters in Addis Ababa, the capital of Ethiopia.
Speaking at the event, Kamugisha Kazaura, director of infrastructure and energy at the AU Commission, said the institutional and operational foundation has been laid for a unified African electricity market, which delivers clean, reliable and affordable power to every corner of the continent.
“Activities are progressing well to define a common path forward to address critical technical and regulatory gaps and explore continental strategies for renewable energy deployment, trading, and manufacturing,” Kazaura said.
Noting that more than 600 million Africans are still without access to electricity, Kazaura called for urgent and sustainable action to meet Africa’s rapidly growing energy demand through the full implementation of the AfSEM.
Simbini Tichakunda, principal program officer at the African Union Development Agency-New Partnership for African Development, said Africa is standing on the brink of an energy revolution that promises to transform the continent’s economic future.
“The dream of AfSEM is coming to life. The 400 KV seamless power integration between Kenya and Tanzania, linking the grids of Kenya and Tanzania and synchronizing them with those of Uganda, Rwanda, Burundi and the Democratic Republic of the Congo, is a major step forward,” Tichakunda noted.
He said the Eastern African Power Pool will be connected to the Southern African Power Pool by 2027.
The two-day meeting is expected to discuss how to de-risk investment in power infrastructure and strengthen institutional readiness at the national and regional levels.
This digital transformation marks a significant step in the Government of Rwanda’s commitment to enhancing good governance and improving public service delivery through technology.
The new IremboGov portal allows FBOs to submit required documentation and track the status of their applications conveniently from any location.
The online services enable FBOs to apply for collaboration letters and establish branches, aiming to enhance efficiency and transparency in the application and approval processes.
According to a statement released on June 30, all submitted applications will be reviewed by the City of Kigali or relevant District authorities to ensure alignment with national development goals.
This platform also strengthens RGB’s capacity to provide timely support, feedback, and maintain an up-to-date database.
Both RGB and Irembo will offer guidance and technical assistance to ensure a smooth and user-friendly experience for all stakeholders.
“The Order removes sanctions on Syria while maintaining sanctions on (ousted former Syrian president) Bashar al-Assad… The Order permits the relaxation of export controls on certain goods and waives restrictions on certain foreign assistance to Syria,” said the White House.
Following the order, five executive orders that created the existing Syria sanctions program were immediately terminated, while the State Department issued a 180-day waiver of sanctions under the Caesar Act.
The U.S. Treasury Department already took the first step in lifting sanctions on Syria by issuing a general license, known as GL25, to authorize transactions involving the interim Syrian government, its central bank and state-owned enterprises.
Sanctions on Assad, his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS and their affiliates and Iranian proxies will remain in place, according to White House Press Secretary Karoline Leavitt.
Under the order, U.S. Secretary of State Marco Rubio is directed to “explore avenues for sanctions relief at the United Nations.”
Rubio is also directed to review the designations of Syria as a “State On the eighth of December 2024, of Terrorism,” Hay’at Tahrir al-Sham (HTS) as a foreign terrorist organization, and its leader, Syrian interim chief Ahmed al-Sharaa, as a “Specially Designated Global Terrorist.”
The Trump administration will “continue to monitor progress on key priorities” including steps toward normalizing ties with Israel and helping the United States prevent a resurgence of ISIS, according to the White House.
Amid the upheaval in the Middle East, Trump told al-Sharaa in Saudi Arabia in May that the United States would lift sanctions and explore normalizing relations as a major policy shift.
The 54-year Assad’s rule over Syria abruptly ended on Dec. 8, 2024, and days afterward, leaders of HTS, the primary force behind the offensive during Syria’s prolonged 13-year war, formed an interim government. Since then, the new government has scrambled to restore order, rebuild institutions, and reach out to regional and global partners.
The disclosure was made in a statement released on Monday, June 30.
“Following an investigation by the Rwanda Investigation Bureau, which was submitted to the National Public Prosecution Authority [NPPA] on 24 June 2025, the NPPA has filed a case with the Primary Court of Kicukiro, requesting pre-trial detention for Ingabire Umuhoza Victoire,” the statement read.
Ingabire, founder of the unregistered political party DALFA-Umurinzi, was arrested on June 19, 2025, following a decision by the High Court of Kigali.
The court made the decision after establishing that there were strong reasons to suspect Ingabire’s involvement in a conspiracy with nine individuals, including journalist Theoneste Nsengimana, accused of participating in training sessions allegedly aimed at overthrowing the government.
Ingabire admitted that eight of the nine individuals, excluding journalist Nsengimana, were former members of DALFA-Umurinzi, but insisted that the party was not behind the organization of the training sessions, and that she personally had no knowledge of them.
According to the Prosecution Authority, the charges against Ingabire involve offenses that threaten public security.
The funding, approved on June 25, aims to deliver greener, safer, and more inclusive transport solutions to support the capital city’s shift toward a climate-resilient and people-centred mobility network.
The RUMI project will address challenges in Kigali’s public transportation, including overcrowded services, traffic congestion, inadequate pedestrian and cycling infrastructure, and safety concerns.
Key interventions include the development of a modern multimodal transit hub in Nyabugogo, the introduction of dedicated bus lanes, expansion of sidewalks and cycle paths, and the deployment of electric buses and charging stations.
“This project will unlock access to jobs and services, particularly for women and youth, and support Kigali’s ambition to become a public transport–oriented and climate-smart city,” said Sahr Kpundeh, World Bank Country Manager for Rwanda.
Currently, only about one-third of Kigali’s jobs are accessible within an hour via public transport, according to the World Bank. The RUMI project is expected to significantly improve the figure by enhancing connectivity across key transport corridors. The Nyabugogo transit hub alone is projected to serve up to 180,000 passengers daily by 2030, becoming a major hub for both local and regional mobility, commerce, and job creation.
According to Akiko Kishiue, World Bank Senior Urban Transport Specialist for Rwanda, the project “lays the foundation for a modern, efficient, and environmentally friendly urban transport system” that will create thousands of direct and indirect jobs.
A central focus of the project is gender inclusion. With women making up just 4.2% of the country’s transport workforce, RUMI seeks to expand opportunities for women in transport planning, construction, operations, and entrepreneurship, particularly at the Nyabugogo hub.
In addition, the project incorporates climate resilience measures, such as flood mitigation systems at flood-prone transit points and the promotion of electric mobility to reduce urban air pollution and greenhouse gas emissions.
The initiative is co-financed by the European Union and the European Investment Bank. Its implementation will be led by the City of Kigali in collaboration with the Ministry of Infrastructure, Rwanda Transport Development Agency, Rwanda Utilities Regulatory Authority, Rwanda National Police, and the University of Rwanda.
The RUMI project is aligned with Rwanda’s Vision 2050, the National Strategy for Transformation 2 (NST2), and the Kigali City Master Plan, which aims to ensure that 80% of Kigali’s population lives within a 10-minute walk of a public transport facility by 2030.
“In a countermeasure to the EU’s latest restrictions on eight Russian publications and information channels approved by the EU Council as part of the so-called 16th sanctions package in February this year, the Russian side has decided to impose counter-restrictions within its territory to web resources of 15 EU member state media outlets involved in spreading disinformation,” the ministry said in a statement.
“If these restrictions imposed on Russian media outlets and information channels are lifted, the Russian side will also revise its decision in respect of the European media outlets,” the ministry added.
The financing, approved on June 25 by the World Bank Board of Executive Directors, will fund the second phase of the Socio-Economic Inclusion of Refugees and Host Communities Project, locally known as Jya Mbere II—meaning “to progress” in Kinyarwanda.
The project is expected to directly benefit around 380,000 people, including 115,000 refugees and 265,000 members of host communities across six districts.
Building on the success of the first phase, Jya Mbere II aims to deepen inclusion and boost self-reliance among displaced populations while also easing pressure on surrounding communities.
The financing comes through the World Bank’s International Development Association (IDA), with $27.4 million of the total allocated from the Window for Host Communities and Refugees (WHR).
“Jya Mbere II reflects Rwanda’s leadership in delivering durable, inclusive solutions to displacement,” said Mathew Stephens, Lead Social Development Specialist at the World Bank. “We are building services that support integration, jobs that create dignity, and systems that strengthen resilience.”
Under the new phase, the government plans to expand access to education, healthcare, water, roads, and marketplaces, all built to meet national and climate-resilient standards. It is expected to generate more than 10,000 jobs, particularly through labour-based public works and support for small businesses, with specific targets to ensure the inclusion of women and youth.
Key investments include road rehabilitation in Gatsibo and Kirehe districts to improve market access, as well as new or upgraded schools and health facilities to integrate refugees into national systems and ease overcrowding. The project will also establish marketplaces and production centres to boost local trade and job creation.
In addition, a “graduation programme” will support vulnerable households with training, productive assets, and access to financial services to foster long-term economic independence.
“Rwanda’s development-focused approach to refugee management is setting a standard,” said Sahr Kpundeh, World Bank Country Manager for Rwanda. “Phase II of this project moves beyond service access to deepening economic inclusion and climate resilience for thousands of families.”
To enhance community resilience against climate-related shocks, Jya Mbere II will incorporate infrastructure such as flood mitigation systems, rainwater harvesting, and landslide protection in areas like Karongi, Nyamagabe, and Kirehe.
The Ministry in Charge of Emergency Management (MINEMA) will lead the project’s implementation in collaboration with local governments, the Rwanda Transport Development Agency (RTDA), the Development Bank of Rwanda (BRD), the Business Development Fund (BDF), and financial institutions. Community members—including refugees—will also take part in planning and execution through participatory processes.
Aligned with Rwanda’s National Strategy for Transformation (NST2) and the upcoming Refugee Sustainable Graduation Strategy (2025–2030), the initiative supports global efforts under the Global Compact on Refugees to integrate displaced populations into national development plans.
As the continent’s population is expected to exceed 3 billion in the next four decades, leaders stressed the importance of clean, reliable and scalable energy, particularly nuclear power.
“The future of the African energy landscape will continue to be driven by increasing energy demand and population growth,” said Rwandan Prime Minister Edouard Ngirente during the opening ceremony.
With over 600 million Africans lacking access to electricity, Ngirente said nuclear energy is important as a sustainable, low-carbon solution capable of ensuring energy security and supporting climate resilience across the continent.
Rwandan Minister of Infrastructure Jimmy Gasore noted that nuclear energy is central to Rwanda’s long-term energy strategy, and that Rwanda is actively exploring small modular reactors to meet rising energy demand and reduce carbon emissions.
“The first reactor is expected by 2026, with operational readiness targeted by 2028,” Gasore said.
Running through Tuesday, the summit seeks to elevate nuclear energy as a key pillar of Africa’s sustainable development.
NEISA 2025 is organized in collaboration with key international institutions, including the International Atomic Energy Agency, United Nations Economic Commission for Africa, Nuclear Energy Agency, World Nuclear Association, and leading regional financial institutions.