Rwanda’s SWF Aims to End Dependence on Foreign Aid

August 04, 2016 by Loch Adamson

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Tony Blair, Paul Kagame and Howard Buffett at the World Economic Forum in Kigali, Rwanda. Picture: World Economic Forum. In May 2016, global leaders and policymakers descended on Kigali, the Rwandan capital, for a regional meeting of the World Economic Forum. The event ran smoothly and efficiently. Chauffeured cars ferried attendees along Kigali’s wide, tree-lined boulevards, while uniformed security guards kept order as various dignitaries, including former British Prime Minister Tony Blair and Kenyan President Uhuru Kenyatta, held forth in air-conditioned conference rooms. The Forum’s arrival in Rwanda burnished the country’s hard-won reputation as Africa’s answer to Switzerland or Singapore: a haven of stability and business-friendly policies. The conference also underlined Rwanda’s remarkable progress over the past two decades since the Rwandan Civil War of 1994, when Kigali was gripped by a paroxysm of violence and bloodshed. No one has yet forgotten the slaughter of 800,000 civilians by…

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