Rwandan government aims to boost financial literacy

Sep 05, 2012

Policymakers in Rwanda have said they want to improve the financial awareness and knowledge of the country's population.

Policymakers in Rwanda have said they want to improve the financial awareness and knowledge of the country's population.

According to the nation's finance ministry, recent financial literacy campaigns have yielded positive results in many areas, the New Times reports.

However, savings coordinator and promotion specialist Remy Iyikirenga said these have not yet penetrated rural locations.

As a result, the ministry wants to do more to get those outside major towns and cities engaged with their money and using financial services providers.

Mr Iyikirenga said this could create a new culture of saving in rural communities and provide a "platform where all these stakeholders will be meeting to discuss their strategies and plans".

"We want to see these stakeholders going deep in rural areas," he added.

This comes after figures from Finscope Rwanda and the National Bank of Rwanda revealed almost three-quarters of people in the country can now access financial services and products, putting the government on track to meet its 2017 target.ADNFCR-2976-ID-801443140-ADNFCR