Through its principal investment company, Tony Elumelu Foundation is set to invest in Rwanda, mainly in agriculture and ICT, according to its top official.
“We want to be part of Rwanda’s success story and our visit was to study the market,”
Dr.Weibe Boer, the Chief Executive Officer told Business Times during his recent visit to the country.
The investment is subject to how quickly they will receive quality information.
The foundation intends to invest in agricultural production and processing as well as ICT through software development and a mobile payment system.
Rwanda has made a lot of progress in economic freedom, according to the global index of economic freedom released every year by the Wall street Journal and the Heritage Foundation.
“Rwanda has special attention from the donor community, it is a great model but well known in Europe. We hope we will be able to highlight what Rwanda has done and how other African countries can learn from the experience,” he hailed.
Boer added that they intend to work with the School of Finance and Banking (SFB) as part of their program to create a pipeline of entrepreneurs while supporting imaginative business leaders whose ideas can create sustainable employment and foster regional partnerships.
The foundation identifies and grooms business students, young entrepreneurs and CEOs of African corporations at various stages of their development.
During his visit, Weibe held meetings with different groups of the Rwandan business community including the Private Sector Federation on the opportunities available, young entrepreneurs, Rector of School of Finance and Banking and officials from Strategic Policy Unit in the president’s office.