, Singapore
187 views

MAS, National Bank of Rwanda join hands for Rwanda Imbaraga SME ecosystem

It creates stronger connections between SMEs in Rwanda and Singapore.

The central bank in Singapore and National Bank of Rwanda partnered with Business Development Fund of Rwanda to form a Rwanda Imbaraga SME Ecosystem (RISE) programme.

The Memorandum of Understanding was signed between the Rwanda’s central bank and Monetary Authority of Singapore, BDF and Proxtera. 

It will form stronger connections between financial institutions and SMEs in both Rwanda and Singapore.

The programme seeks to equip SMEs in Rwanda with better capabilities to participate in domestic and cross-border trade opportunities, as well as enhanced access to trade financing. 

The programme components include:

• Financial literacy and capacity building: Provide SMEs with access to financial literacy courses and digital services.

• Access to financing: Extend the data sets and credentials that micro, small and mediumsized enterprises (MSMEs) can use to secure funding.

• Expanded trade opportunities: Create new and expanded trade opportunities within Rwanda, as well as between Rwanda and international markets, including Singapore, through business to business (B2B) marketplaces.

MAS and NBR will also provide strategic direction and back the RISE programme, including providing policy guidance on cross-border financial engagements and digital financial credentials building. 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

MAS fines doctor $120,000 for insider trading
The case involved purchases of Singapore Medical Group shares before its privatisation offer was announced.
Admiralty Walk EC site may draw up to four bids
Analysts expect developers to bid cautiously due to the site’s distance from the MRT station.

Exclusives

Singapore, Hong Kong take rival paths to capture global gold trade
One builds MAS-backed vaulting for central banks, the other opens a pipeline to Shanghai.
Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.