Buy Our Writers A Coffee

Subscription Amount. Min £2

The MoU was signed last week by Yousuf Mohamed al-Jaida, chief executive, QFC, and Nick Barigye, chief executive, RFL. Photo Gulf Times

 

The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has signed a memorandum of understanding (MoU) with Rwanda Finance (RFL) to facilitate initiatives that will promote the international development of both the QFC and Kigali International Financial Centre.

The pact would also enable the creation of a community between the fintech ecosystems of Qatar and Rwanda and initiate sharing of best practices for the development of Islamic finance in both markets.

The MoU was signed last week by Yousuf Mohamed al-Jaida, chief executive, QFC, and Nick Barigye, chief executive, RFL. Under the agreement, both parties intend to encourage their respective regulatory authorities to enter mutual recognition agreements to open new business opportunities in both markets.

"This MoU marks the long-term cooperation between QFC and RFL to support businesses in Rwanda and Qatar through joint initiatives that open doors for skills development, knowledge exchange and investment and partnership opportunities," al-Jaida said.

The agreement takes QFC a step further in its efforts to forging durable partnerships with international markets that help support Qatar’s economic diversification and capacity building drive, according to him.

The agreement would also help promote capacity building and skills development through training programmes, knowledge transfer, and fostering a culture of continuous improvement within the financial landscape.

To support the development of both markets, QFC and RFL will work closely on developing joint initiatives, such as roundtables, conferences, seminars, and other events, to engage members of both Rwanda and Qatar’s business communities, further strengthening the economic ties between the two countries.

"This partnership between our financial centres builds on the excellent existing relations between Rwanda and Qatar. RFL and QFC will collaborate on international promotion, mutual recognition, and the creation of a strong fintech community for the benefit of both our jurisdictions, further enhancing the Kigali International Financial Centre’s attractiveness as a destination for investors and financial actors who want to effectively manage their wealth and structure their investments across Africa," Barigye said. - Gulf Times

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

24
Jan2021

Microsoft admits it...

This combination of file photos created on November 5, 2020 shows the PlayStation logo (top) on dis...

03
Feb2021

Tech CEOs including...

Jeff Bezos. MANDEL NGAN/AFP via Getty Images Jeff Bezos will step down as Amazon CEO in Q3 2021, th...

08
Feb2021

Kenyan Woman’s Start...

Photo UNEP/YouTube An absolutely brilliant young woman in Kenya has started a company manufacturing...

22
Feb2021

Nigeria’s ‘Techprene...

As recently as 10 years ago, Africa’s technology industry was sparse. But as a result of advancement...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.