The recently created Ministry of Public Investments and Privatisation was on August 22, dissolved, following a cabinet reshuffle made by President Paul Kagame and announced by the office of the Prime Minister.

According to a statement released by the Office of the Prime Minister, the functions of the 13 months-old ministry established in July 2022, will henceforth be carried out by the Ministry of Finance and Economic Planning (Minecofin).

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Jeanine Munyeshuli was appointed the Minister of State in charge of Public Investment and Resource Mobilization, Minecofin, taking over the duties that were previously handled by Eric Rwigamba.

Rwigamba is now appointed Minister of State for Agriculture and Animal Resources.

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Prior to her appointment, Munyeshuli served as Chief Strategy Officer at the University of Global Health Equity. She is an economist, Yoga teacher and sits on a number of boards for different institutions. She also holds a Master’s Degree in Econometrics and Statistics from the University of Geneva, Switzerland.

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At the establishment of the now defunct ministry, experts hailed the move saying that it will play a key role in curtailing losses from government investments while at the same time providing a better and more efficient oversight for better results.

The position has responsibilities including, among others; identifying opportunities for government investment, monitoring the performance of the existing government investments in various companies, and implementing privatization of public investments where necessary.