Former Credit Suisse boss Tidjane Thiam recruited to develop Rwanda's attractiveness

Former Credit Suisse Group CEO Tidjane Thiam at the 2019 New Economy Forum in Beijing, China on November 21, 2019. REUTERS / Jason Lee / File Photo

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2 min

The Franco-Ivorian banker Tidjane Thiam was recruited by Rwanda to develop the attractiveness of its financial sector.

The former boss of Credit Suisse has been appointed chairman of the board of Rwanda Finance Limited, a state-owned company whose mission is to make Kigali an international financial center.

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With our correspondent in Kigali,

Tidjane Thiam

was appointed alongside Cameroonian Diko Jacob Mukete, former representative of the African Development Bank in Rwanda, and Lebanon Soleman Abdi, former chief of staff of Ali Bongo.

Their mission is to realize the ambitions of Kigali, which wishes to become a gateway to the African continent for international investors.

Focus on services

Rwanda has been relying since the early 2000s on services as the main lever for development.

First

and conference

, but also

the financial sector with the creation of Rwanda Finance Limited in 2018. Kigali highlights annual growth of nearly 8% and plans to set up a attractive tax regime.

A model, Mauritius

“ 

explains researcher Pritish Behuria.

hub

 ”.

Still, the appointment of Tidjane Thiam is the sign of a renewed commitment in this direction while

and the country needs foreign currency inflows.

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