{"id":41544,"date":"2020-06-17T18:18:40","date_gmt":"2020-06-17T18:18:40","guid":{"rendered":"https:\/\/new.igihe.com\/kifc-in-partnership-agreement-with-uk-company\/"},"modified":"2020-06-17T18:18:10","modified_gmt":"2020-06-17T18:18:10","slug":"kifc-in-partnership-agreement-with-uk-company","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kifc-in-partnership-agreement-with-uk-company\/","title":{"rendered":"KIFC in partnership agreement with UK company"},"content":{"rendered":"<p>Agreement signed on Tuesday, June 16, 2020, will help KIFC benefit from the CDC Group&#8217;s experience, enabling the new center to thrive. <\/p>\n<p>The CDC Group will work with KIFC through its experience to help it establish a better legal and regulatory framework, enabling it to achieve its goal of attracting investment firms that want to support business in Africa.<\/p>\n<p>KIFC is overseen by Rwanda Finance Ltd, which aims to help international and regional financial services providers control their operations.<\/p>\n<p>The agreement is part of an amendment to the Financial Services Regulations and Regulations, fiscal policy related to the financial sector and capacity building, and knowledge in financial services.<\/p>\n<p>Rwanda Finance Limited CEO Nick Barigye said the partnership was important in terms of capacity building in the legal, auditing, and corporate sectors.<\/p>\n<p>He went on to say that the agreement will enable KIFC to cooperate and enter into agreements with other agencies.<\/p>\n<p>CDC Group CEO Nick O\u2019Donohoe said they were confident of KIFC&#8217;s mission, which led to an agreement. Although KIFC has just started, they are confident that it will work well and very quickly.<\/p>\n<p>Last month Rwanda Finance Ltd signed a partnership agreement with Casablanca Finance City, to promote investment between Rwanda and Morocco, and to strengthen long-term cooperation between the two countries.<\/p>\n<p>The establishment of the Kigali International Finance Agency, KIFC, was approved at a Cabinet meeting chaired by President Paul Kagame on December 5, 2017.<\/p>\n<p>This center will be a host of institutions including banks, financial and stock markets, collateral, and lending institutions, which will enable Rwanda to move to the level of managing others&#8217; finances.<\/p>\n<p>In addition to contributing to the country&#8217;s GDP, GDP will enable Rwanda to manage its bank accounts in other countries, so that investors can participate in depositing their money in Rwanda, even if their operations are elsewhere.<\/p>\n<p>This means that Rwanda will have a vested interest in charging whoever brings in the money, which will be put at the agreed rate between the two sides. The interest rate is usually between 1-2%.<\/p>\n<figure class=\"spip-document spip-document-35909 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/3-2580-64eb9.jpg\" alt=\"Rwanda Finance Limited CEO Nick Barigye said the partnership was important in terms of capacity building in the legal, auditing, and corporate sectors.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Kigali International Financial Center, (KIFC) has signed a partnership agreement with the Certified Development Company, CDC Group.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[204],"hashtag":[],"class_list":["post-41544","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-elina-jonas-ruzindaza"],"bylines":[{"id":204,"name":"Elina Jonas Ruzindaza","slug":"elina-jonas-ruzindaza","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":103}],"contributors":[{"id":204,"name":"Elina Jonas Ruzindaza","slug":"elina-jonas-ruzindaza","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":103}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=41544"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41544\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=41544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=41544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=41544"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=41544"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=41544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}