PSF to rejuvenate district investment groups

The Private Sector Federation of Rwanda (PSF) will renew the mobilisation of Mini Investment Groups (MIG) at district level, in a move aimed improving the capacity of the private sector in fostering economic development. The Chief Operating Officer of PSF, Roger Munyapenda, said in an interview, yesterday, that the groups did not entirely meet goals set by PSF and needed quality management and leadership to do so.

The Private Sector Federation of Rwanda (PSF) will renew the mobilisation of Mini Investment Groups (MIG) at district level, in a move aimed improving the capacity of the private sector in fostering economic development.

The Chief Operating Officer of PSF, Roger Munyapenda, said in an interview, yesterday, that the groups did not entirely meet goals set by PSF and needed quality management and leadership to do so.

“We are sourcing for quality leadership both locally and outside Rwanda, so that they can manage these groups and foster development targets for all districts,” he said, adding that: “PSF will organize conferences across the country where communities will be urged to participate in investment and improve ownership of projects in their sectors.”

Munyapenda added that PSF will further develop Technical and Vocational Education and Training (TVET) programmes across Rwanda to help young people acquire employable skills.

He said that as a way of supporting SME’s and improving their access to funding, PSF extends business plan competitions to interns who complete TVET.

“So far 84 business plan proposals out of 100 have been successful; those that have got funding have created over 5,000 jobs in the short-run,” Munyapenda said in a statement.

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