Rwanda aims to become domicile for funds from Luxembourg, Sweden

The KIFC has “confirmed interest” from a Luxembourg fund, chief investment officer Ntoudi Mouyelo tells The Africa Report. The fund wants to use Rwanda as its domicile for investing in bonds from African small and medium-sized businesses and may establish a special-purpose vehicle in Rwanda in the third quarter, he says.

A Swedish fund is also planning to establish an entity in Rwanda for start-up investments, Mouyelo says. That initiative is likely to be announced at the Commonwealth heads of state meeting in Kigali in June, he adds.

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