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Franz Fayot opens African Microfinance Week in Kigali and signs MoU with Rwanda

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On October 19 and 20, 2021, Franz Fayot, Minister for Cooperation and Humanitarian Action, is on a working visit to Kigali in Rwanda. He went there on the occasion of the African Microfinance Week (SAM), a bi-annual flagship event for inclusive finance on the African continent.

  1. (from left to right) Franz Fayot, Minister for Cooperation and Humanitarian Action; Dr. Uzziel Ndagijimana, Minister of Finance and Economic Planning of Rwanda

  2. Franz Fayot, Minister for Cooperation and Humanitarian Action

The SAM is organized by the Luxembourg NGO ADA Microfinance, which is co-financed by the Ministry of Foreign and European Affairs. The 2021 edition takes place around the theme of the resilience of the microfinance sector on the African continent, with a particular focus on the consequences of the pandemic and climate change.

During the visit, Franz Fayot and Dr. Uzziel Ndagijimana, Minister of Finance and Economic Planning of Rwanda, also signed a memorandum of understanding relating to the development of a financial center in Kigali. Four potential areas of cooperation have been identified: capacity building to foster employability in the financial sector; the development of sustainable finance; the establishment of a fintech ecosystem and an impact investment market.

Franz Fayot also met Vincent Biruta, Minister of Foreign Affairs and Cooperation, and Jeanne d’Arc Mujawamariya, Minister of the Environment, to discuss bilateral relations between Rwanda and Luxembourg.

The trip will end with a visit to the “Oasis of Peace” project, a community center for school children, with the aim of offering psychosocial support to victims of torture and rape and promoting sustainable development in the field of health. , education and vocational training in civil war refugee communities in Burundi.

Press release by the Directorate for Development Cooperation and Humanitarian Affairs



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