Kigali International Financial Centre (KIFC) has announced the establishment of a $250 million Virunga Africa Fund I that will invest in vital sectors driving economic and social transformation across Africa. This fund invests in vital sectors aimed at driving economic and social transformation across Africa.
The top two anchor investors in Virunga Africa Fund I are Qatar Investment Authority (QIA) and Rwanda Social Security Board (RSSB). This fund is managed by Admaius – an independent investment firm with a highly experienced pan-African investment team. Virunga Africa Fund I has its Head Office in Kigali.
The fund targets investments delivering tangible change for Rwandans and other people across the continent. This helps produce a dynamic private sector across Africa that is self-reliant while reducing foreign imports. Investment projects will increase access to essential services such as education, healthcare, digital infrastructure, and financial services guiding businesses through digital transformation that create long-term value while capitalizing on post-Covid opportunities, secular growth trends, and strong demographic tailwinds.
Rwanda Finance Limited CEO, Nick Barigye described KIFC as a “compliant and attractive jurisdiction for Pan-African investment.” He further pointed out that Rwanda offers strategic advantages in “ good governance, high levels of connectivity, efficiency, transparency, and an ease of doing business.”