African microfinance week 2021

The conference was organised in partnership with ADA and several regional microfinance networks, and was attended by over 700 experts (representing 53 countries, including 37 African countries). In the presence of Franz Fayot, Minister for Development Cooperation and Humanitarian Affairs, the event constituted the first meeting of key players in the sector since the beginning of the pandemic. Through this biannual event, Luxembourg was once again able to contribute its expertise for use on the African continent, as was the case two years ago in Ouagadougou, Burkina Faso. During the visit, Franz Fayot and Uzziel Ndagijimana, Rwanda’s Minister for Finance and Economic Planning, also signed a memorandum of understanding on the development of a financial centre in Kigali. Four potential areas of cooperation were identified: capacity-building to promote employability in the financial sector, the development of sustainable finance and the setting up of both a fintech ecosystem and an impact investment market.