President Paul Kagame on Tuesday met with members of the World Alliance of International Financial Centers (WAIFC), who are in Rwanda for their board meeting slated for March 22 through 24.

The meeting took place at the President’s Office at Village Urugwiro in Kacyiru.

The meeting, happening in its third edition, is organized by the Kigali International Financial Center (KIFC). 

"Members had the privilege to meet with President Kagame at Urugwiro Village. The session has been an opportunity to discuss new opportunities for our members KIFC,” the Alliance announced in a tweet. 

Rwanda joined the body in 2020 and has since established partnerships with financial centers in Casablanca, Qatar, Belgium, Luxembourg and Jersey.

"The board members have underscored their willingness to strengthen cooperation,” the alliance added. 

Also on their three-day agenda include events on Fintech, sustainable finance and meetings with players in Rwanda’s financial sector.

Earlier in the day, KIFC senior management team received the visiting executives for a discussion on Rwanda’s vision, journey and achievements thus far, in establishing Kigali International Financial Centre.

The team was also received by Minister of Finance and Economic Planning Uzziel Ndagijimana for an overview of Rwanda's financial sector. 

Minister Ndagijimana commended the team for choosing Rwanda to host their meeting. 

"We are counting on your experience to grow our young financial centre.”

Meanwhile, the same group also held a meeting with Rwanda Development Board (RDB) CEO Clare Akamanzi

While it is considered as a young financial center, KIFC, has gradually emerged as Africa’s most promising financial centers alongside Casablanca and Mauritius. 

Just recently, KIFC launched a Pan-African membership Network (KIFC Club) with 24 initial members. 

The club among others aims to create a pan-African financial community, enabling members to promote their operations and network with national and international business leaders.