June 21, 2024 | Kigali, Rwanda — The Rwanda Green Fund is pleased to announce its first round of investments through Ireme Invest - the country’s green investment facility. Sixteen groundbreaking investments will foster a vibrant circular economy, promote sustainable cities, supercharge smart mobility, and advance climate-smart agriculture.

They will also contribute to the country’s ambitious climate action and sustainable development goals. Through the Ireme Invest Project Preparatory Facility, a total of Rwf 2,700,000,000 will be invested in a range of startups, small, medium, and large-scale enterprises working to build a green Rwanda.

Investments made through the Circular Economy Programme amount to Rwf 350,000,000, which is being provided as grant funding following a four-month incubation programme. These investments have been made possible thanks to support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in Rwanda through the Sustainable Waste and Circular Economy (WCE) project.

The successful seven companies address various aspects of the circular economy, from food waste reduction and recycling to bio-waste composting and repurposing discarded batteries. The innovative businesses that will receive funding include: