Editor,

RE: "PM hails new fund as one to ‘drive Rwanda into middle income status’” (The New Times, July 13).

The Government of Rwanda is always pro-active and well attuned to the need of the hour.

With the country poised for a major leap in her economic development, financial resources would inevitably play a key role. Kudos, therefore, to the Rwanda National Investment Trust (RNIT) for launching a new and innovative fund at this opportune moment.

RNIT could not have chosen more appropriate timing for this launch than at the peak of the AU Summit, which commenced over the weekend and will carry on until July 18.

Positioning of any product or service and choosing the right timing to launch such a product or service is of paramount importance.

RNIT have played their cards very well.

What is most interesting is the fact that RNIT have pegged the minimum investment for their growth option at just Rwf2,000, putting this attractive scheme within the reach of one and all. Even the growth option is reasonably priced with a minimum investment of just Rwf100,000.

With this great initiative Remarkable Rwanda will not only inculcate the savings culture among the people of this great nation, but it will also make available the much needed capital to take this great country to even greater heights.

Clarence Fernandes

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Editor,

A commendable initiative especially as it is friendly to all pockets with a minimum of Rwf2,000. However, I fault the location of the launch of the Fund.

The people most likely to benefit from this I suspect are those falling in the middle- to low-income groups.

I would urge RNIT to take this initiative to the grassroots, not in posh hotels, but in the market centres on market days and get money flowing in to the government coffers.

Kigali Girl