This year, the Rwanda Development Board (RDB) is partnering with KPMG and Rwanda Today, a publication of the Nation Media Group (NMG), to recognize and award midsized companies.
The partnership combines both the Rwanda Top 100 and Business Excellence Awards 2012 and the event will be held on November 30th, 2012.
This year’s awards will focus on fast growing mid-sized companies in recognition of the fact that the SME sector is a key contributor to the economic growth of Rwanda.
This partnership that brings together the Top 100 mid-sized companies and the 5th series of Business Excellence Awards is a combination of expertise that will see that companies grow.
“The objective remains to promote competitiveness among the Rwandan private sector, by recognizing those companies that make a noticeable positive difference in Rwanda’s economic development,” said the Head of Investment Promotion and Implementation at RDB Vivian Kayitesi.
“This year we will focus more on SMEs. We want to elevate the companies so as to be able to compete with multinationals,” she added.
Also speaking at the press conference, John Ndunyu, country leader KPMG-Rwanda explained that the Top 100 mid-sized companies is an initiative of KPMG East Africa, and the Nation Media Group.
It was first launched in Kenya in 2008, in Uganda in 2009 and in Tanzania in 2010, and now for the first time in Rwanda in 2012.
“The objective is to see businesses grow. If you grow beyond a turnover of Rwf 6 billion, you graduate to Club 101. It encourages competition in a good way and it encourages innovation,”
he said.
According to the Nation media group country representative Philip Velese, “we strongly believe that there is need to celebrate entrepreneurs who have contributed to wealth and job creation and also, it is an opportunity for companies to learn from each other.”
The criteria for participating companies includes: Having a turnover of Rwf50million to 6 billion, not being listed in the stock exchange, must not be a bank or Sacco or any financial institution and must have three years of audited accounts.
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