April 12, 2025 by Global Business Desk
Rwanda has announced a new $150 million investment deal to boost its growing tech ecosystem. The funding is set to support startup hubs, incubators, and innovation accelerators across the country, with a focus on digital inclusion, fintech, health tech, and education technology.
The deal was signed between the Rwandan Ministry of ICT and a consortium of international venture partners, signaling strong foreign confidence in the country�s digital transformation agenda. Rwanda has already gained a reputation for being a leader in African innovation, with initiatives like drone delivery of medical supplies and digital ID systems.
�This partnership is a testament to Rwanda�s vision for a knowledge-based economy,� said Claudette Irere, Rwanda�s Minister of ICT and Innovation. �It will empower youth-led startups, create jobs, and enhance Rwanda�s competitiveness in the digital age.�
The funding is expected to be deployed over a five-year period, with key performance indicators tied to job creation, business formation, and regional innovation rankings. Part of the deal includes building new tech campuses in Kigali and secondary innovation clusters in Huye and Rubavu.
Analysts believe this deal could position Rwanda as a gateway for tech investment in Francophone Africa and further strengthen its role in the African Continental Free Trade Area (AfCFTA).
The project begins implementation in Q3 2025, with first disbursements earmarked for rural broadband expansion and seed funding programs.