Rwanda Commits to Growing FinTech Sector with Ambitious Plan to Create 7,500 Jobs by 2029

Rwanda Commits to Growing FinTech Sector with Ambitious Plan to Create 7,500 Jobs by 2029

As part of its vision to build a tech-driven economy, the Government of Rwanda has launched a five-year strategy to promote financial technology (FinTech). The strategy aims to attract $200 million in investment and create 7,500 jobs within the sector by 2029.

The announcement was made at the Inclusive FinTech Forum held in Kigali from February 24 to 26, 2025. The event brought together key stakeholders, including high-level officials, global investors, and digital finance experts. It was co-hosted by the Kigali International Financial Centre (KIFC), the National Bank of Rwanda (BNR), and Elevandi—a Singaporean initiative focused on financial innovation.

The FinTech strategy seeks to increase digital financial service adoption to 80% of the population, grow the number of active FinTech companies by 30%, and create a regulatory environment that supports both startups and established players.

Rwanda is among 16 African countries with an active regulatory sandbox, a controlled environment that allows FinTech firms to test innovative products under the supervision of regulators. This positions Rwanda as an attractive destination for both local and international FinTech ventures.

The strategy is part of the broader Vision 2050 agenda, through which Rwanda aims to become a knowledge-based and technology-driven economy.