The agreement was signed by the Chief Executive Officer of the Rwanda Development Board (RDB), Clare Akamanzi and the German Federal Minister for Economic Cooperation and Development, Dr. Gerd Müller; according to a statement from RDB.
They also discussed how to increase the level of German investments in Rwanda.
The MoU outlined the planned partnership with RDB under Germany’s new “Special Initiative on Training and Job Creation”, which intends to support the Rwandan government in its efforts to implement its reform agenda set out in its National Strategy for Transformation (2017-2024).
The initiative is expected to foster economic development in Rwanda and create training and job opportunities, especially for young people, with a view of driving the Rwandan economy towards middle-income status.
Rwanda’s National Strategy for Transformation aims at creating 1.5 million decent jobs by 2024, which is slightly over 200,000 off-farm jobs per annum.
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