A total of 137 students graduated from Rwanda Academy of Finance (RAF) at its fifth graduation ceremony on November 29 in Kigali. The graduates were encouraged to embrace technology and use their training to shape Rwanda’s financial sector, which is rapidly evolving due to technological advancements, climate challenges, and new solutions.

Christine Baingana, the Chairperson of RAF’s Steering Committee, emphasized the graduates’ critical role in Rwanda’s economic development.

"Whether you work in risk management, digital banking, or financial inclusion, you’re not just

professionals, you are nation builders,” Baingana said.

"As the world of finance evolves rapidly, technology reshapes how we interact with money, and new challenges like climate change arise. The training you received is at the core of these shifts, with trust remaining the bedrock of finance.”

Baingana stressed the graduates’ roles in the financial sector, particularly in driving Rwanda’s vision for economic transformation.

"Our financial sector is not just about numbers and transactions, it is an engine that empowers entrepreneurs, facilitates infrastructure development, and fosters sustainable growth,” she explained.

She challenged the graduates to lead with a long-term vision, noting that their success will be defined by their technical skills and their ability to inspire confidence, act ethically, and prioritize long-term impact over short-term goals.

Baingana highlighted the need for professionals who understand that financial inclusion is not just a slogan but a mandate.

"Innovators who can leverage technology to meet customer needs are the future,” she added.

Drawing from her personal experiences, Baingana shared a pivotal moment in her career.

"I remember early in my career as a branch network manager, we were increasing revenues and expenses at the same rate. My boss challenged me to fix the expense issue, which led us to innovate with faster bank cards and ATM services,” she recalled.

She added that when a boss doesn’t congratulate you, they are preparing you to think about how better you can serve.

Baingana urged graduates to use their knowledge to create value, build trust, and make a difference in their departments. She also announced plans for the introduction of RAF3, an executive-level program in partnership with the House of Training, which will focus on corporate governance, digital transformation, and other advanced topics.

Hannington Namara, the Chairperson of Rwanda Bankers Association (RBA), told graduates that economic development is impossible without the requisite knowledge. Namara said service delivery is central to economic growth, and the financial sector’s ability to provide quality service depends on professionals who are well-trained and innovative.

He called upon the graduates to learn and never stop, reminding them to apply the skills they had gained to their respective institutions.

"You will be expected to lead and inspire others. We look forward to seeing how you will transform the sector.”

Tony Francis Ntore, the CEO of Rwanda Bankers’ Association (RBA), said their commitment to enhancing skills is commendable.

"In today’s dynamic world, the financial sector requires not just expertise but also visionaries who can drive innovation and inclusivity. RAF graduates exemplify these qualities and are ready to navigate modern banking challenges,” he added.

Ben Lyon, from the House of Training Luxembourg, noted that it has been a privilege to collaborate with RAF and RBA. He told the graduates that their achievements are a testament to their hard work.

Phiona Wafula, one of the graduates, said the RAF program prepared them to contribute meaningfully to their industry, and acknowledged the support of mentors.

John Rwangombwa, the Governor of the National Bank of Rwanda (BNR), who graced the ceremony as the guest of honor, said the growth in numbers of RAF graduates is a testament to its success, and this growth reflects the Academy’s commitment to providing practical, career-relevant training that equips graduates to navigate the dynamic financial landscape.

Rwangombwa emphasized the need for professionalism, integrity, and ethical leadership in the financial sector.

He told the graduates that their work is not just about numbers but about serving clients.

"Your success will depend on how you serve your clients. Don’t focus solely on technicalities; think about the impact of your work, and let’s continue to nurture this legacy of progress and growth.”

The ceremony also recognized top performers, with four students receiving awards for excellence.