Rwanda’s Diaspora to invest in national development

The announcement this week by members of the Rwanda Diaspora Global Network (RDGN), of their intention to set up an annual investment fund, is most welcome if not overdue. The RDGN hopes to raise a total of Frw 800m annually. The commitment by the Diasporan Community to invest in the country comes at a crucial time in Rwanda’s history. It comes when the country’s national leadership is making bold statements against over reliance on donor funding; given its unreliability as it comes with strings attached. Falling out of favour with those who control the purse only means drastic measures against a given country in question. Regardless of the socio-economic impact, the decision will result in, leading to more suffering concerned citizens might then have to endure. For years, developing countries have sought ways of doing away with donor dependency, given the hash reality of how disempowering it is.