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Several economic operators and financial actors attended, this Wednesday, the presentation of the Kigali International Financial Center (KIFC, English acronym) at the Rwandan Embassy in Dakar. Rwanda wants to attract more Senegalese investors. In the premises of its diplomatic representation in the country of Teranga, a delegation that came specially from Kigali engaged in a real charm operation towards local businessmen. To convince them, Ntoudi Mouyelo, head of investments and strategic partnerships at Agence Rwanda Finance, which develops and promotes KIFC, praised the advantages offered by this center. “Africa generally lacks financial centers that allow capital to be deployed across the continent. And Rwanda’s position is to be the new home for those investors, both African and foreign, who seek to have a platform that allows them, in compliance with international regulations, to deploy their capital on the various projects and opportunities that ‘she offers,’ argued Mr. Mouyelo. In addition to being open to all of Africa, the KIFC stands out for its speed in processing the files of potential investors. “In Rwanda, setting up a business only takes six hours and the process of listing on the Kigali Stock Exchange only takes three months,” Ntoudi Mouyelo explained. This diligence is explained, according to him, by the strong collaboration between the KIFC and the various sectoral ministries. To attract more investors to KIFC, the East African country has also passed seventeen laws over the past two years. These have, among other things, made it possible to set tax rates between 3% and 15% on income depending on the sector of activity. “Rwanda has the ambition to become an emerging country. And for this, we are giving ourselves the ways and means to clean up the business climate and facilitate investments, while protecting them. We also provide investors with the possibility of repatriating the money they have earned in Rwanda as easily as possible and as quickly as possible,” noted the Rwandan Ambassador to Senegal, Jean Pierre Karabaranga. Through this Wednesday’s meeting, the diplomat hopes to take advantage of the excellent relations that his country maintains with Dakar to bring their respective private sectors closer together. Moreover, announced Mr. Karabaranga, a delegation of Senegalese economic operators will go to Kigali by the end of the year to discover the investment opportunities offered by Rwanda. Similarly, he added, it is planned, “in two months”, the establishment of a direct air link between the two capitals. “Senegalese economic operators are invited to come to Rwanda not only to take advantage of this link that we have been able to create with African and foreign investors, but also to benefit from the ecosystem that Rwanda offers in terms of access to professionals. of all sectors”, concluded Ntoudi Mouyelo.

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