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13 May, at 14 : 41 PM Print
The Rwanda Development Board (RDB) has signed a Memorandum of Understanding with Thomson Reuters to fast-track innovation in Rwanda.
The MoU which is in line with the government’s SMART Rwanda Master Plan and vision for the Kigali Innovation City will see training and development and capacity building through innovative solutions.
The deal was signed by Francis Gatare, the Chief Executive Officer of the Rwanda Development Board and Sneha Shah, Managing Director of Thomson Reuters Africa alongside the World Economic Forum, held between 11 and 13 May 2013 in Kigali.
Gatare said, “We are proud to enter into a partnership with Thomson Reuters Africa. We are confident that this collaboration aligns with Rwanda’s plan to stimulate economic innovation by helping our citizens grow their business through cutting edge technology.”
Shah stated that this is an effective public-private partnership which will see both sides work together to accelerate the economy and the ICT sector innovation.
“The offering from Thomson Reuters includes internship, data offering, analytics and innovation initiatives, all of which will be rolled out later this year.
Rwanda has set its eyes on becoming a regional ICT hub and this partnership will build on existing ICT initiatives- such as the recently launched Fabrication Lab, but specifically enable the younger generation to solve both the country and region’s challenges, ultimately leading to sustainable economic growth in the future.
Rwanda embraced this concept in its Vision 2020 implementation of which has systematically prepared the country for economic transformation from an agrarian economy to a knowledge based one, by investing heavily in the development of its human capital, its ICT infrastructure, and its business-friendly environment.
Kigali Innovation City is one of the key projects in the pipeline which falls in the SMART Rwanda Master Plan 2015-2020, other include the Rwanda Innovation Fund worth over $100 million to be initiated this year.
The Innovation City project with an estimated value of 1.9 billion USD will be built on the grounds of the Kigali Special Economic Zone, located 10km east of Kigali City’s business district.
City will comprise all elements of a typical urban centre including corporate buildings, retail, leisure, sports, accommodation, health care center and other amenities. Kigali Innovation City welcomes stakeholders to join on the path to digital transformation in Africa.