April 24, 2017 IBOMLLC Team

Rwanda’s RNIT Iterambere Fund mutual fund turns to FinTech solution to democratize Savings and Investment

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Rwanda’s first Unit, RNIT Iterambere Fund launched in July 2016 and now boasting of worth over Rwf1.2 billion, is opening up to micro-investors via the mobile platform. [RNIT – Rwanda National Investment Trust]

RNIT Iterambere Fund wants to include small scale Rwandese investors into the investors’ bracket, by making investment simpler, quicker, and secure through a mobile phone. As it works out, the micro investors will be able to invest into the Fund from the comfort of their homes or office via mobile money. This initiative will also improve the Unit Fund’s collection and mobilization of funds to strengthen access to savings and investment vehicle.

We are working with different stakeholders and telecom firms to further ease collection of funds from investors… We are also assessing ways we can use mobile phones to save or invest with the Fund, said Andre Gashugi, the RNIT CEO. “We will install the system once the assessment is completed.”

RNIT Iterambere Fund is targeting small-scale investors because it wants “all Rwandans to benefit from the saving and investment opportunities offered by RNIT Iterambere Fund. This will also promote financial inclusion targeting, mainly …read more

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