In a historic collaboration that sets the stage for Rwanda's economic transformation, the Rwanda Development Board (RDB) and the Rwanda Ministry of ICT and Innovation (MINICT), in partnership with Harambee, the Mastercard Foundation and The “Decent Work for a Just Transition” initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ) has launched the Rwanda Global Business Services (GBS) Growth Initiative. “The Rwanda GBS Growth Initiative is embarking on a transformational journey, with the primary objective of growing the GBS sector in Rwanda, creating high-quality jobs for Rwandan youth, boosting exports, "increase the government's revenue base and provide competitive benefits to operators," a statement said.
The Joint Industrial Initiative is driven by three main objectives. These include supporting market entry in Rwanda with a one-stop shop for investors, promoting conditions conducive to investment and educating and training a skilled workforce.
Figures that speak
It must be said that since its creation in Rwanda in 2019, the Global Business Services sector, 16 international GBS companies have chosen Rwanda as their operational base and they have become beacons of economic growth, creating more than 1,800 jobs for young Rwandans. “Rwanda’s ambitions go beyond simple numbers and its goal of creating at least 5,500 decent jobs by 2025 in the GBS sector. The long-term vision of the Rwanda GBS Growth Initiative extends well into the future. By improving the overall business climate, it aspires to position Rwanda as a leading global destination for premium global business services, thereby marking a promising trajectory for the country's economy and its global business ambitions. same source. For Paula Musoni, Minister of ICT and Innovation, it is heartwarming to see the Rwanda Global Business Services Growth Initiative come to life. “We have young people looking for opportunities and the Rwanda Global Business Services Growth Initiative will train them and create efficiencies across the economy that will have a multiplier effect for our economic growth . I look forward to seeing what the future holds for the global business services sector in Rwanda. For young people, now is the time. Take every opportunity you can. “, he indicated. In the same vein, adds Philip Lucky, Acting Investment Director at RDB, “the GBS Growth Initiative is a welcome development for Rwanda. The initiative will be key to identifying and removing barriers to success in the sector and ensuring that Rwandan youth are well prepared for successful careers in the sector.”
“Strengthening Rwanda’s value proposition in sustainable job creation and economic growth”
In addition to making Rwanda a GBS destination by ensuring readiness in infrastructure, skills and investor support, Charlotte Karera, director of the Rwanda GBS Growth Initiative, says the objective includes marketing, promotion of investment, skills and industry development, to create employment opportunities for young people with transferable skills. “Our vision is to strengthen Rwanda’s value proposition in sustainable job creation and economic growth. As Rwanda further opens its doors to the world, the call to action for businesses is clear. Whether already operating in Rwanda or exploring new opportunities, the Rwanda GBS Growth Initiative offers a golden opportunity to be part of a thriving sector,” she said.