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Rwanda - Leveraging Capital Markets for Small and Medium Enterprise Financing
The overarching goal of Rwanda’s Vision 2020 is to transform the country into a middle income economy by improving its competitiveness while ensuring unity and inclusive growth. The private sector employs the majority of the workforce which makes private sector led growth a core pillar of this vision. Small and Medium Enterprises are the bedrock of Rwanda’s private sector but most of these enterprises are informal and are yet to realize their full potential in terms of job creation and contribution to output and public revenues. High transport and energy costs, limited access to fi nance and defi ciencies in core business competencies such as business planning and management are some of the major impediments.