President Kagame launches Ireme Invest at COP27
The President of the Republic of Rwanda, His Excellency Paul Kagame has on November 7, 2022 launched Ireme Invest at the United Nations Climate Change Conference (COP27) happening in Egypt, Sharm El Sheikh.
Ireme Invest is a is a groundbreaking new investment facility powered by the Rwanda Green Fund and the Development Bank of Rwanda (BRD) with support from a range of valued partners. Ireme Invest – a one stop center for green and sustainable investment – was launched with an initial capitalization of $104M to support the Private sector to access green finance.
"Climate adaptation requires big changes in how we produce and consume energy. How we move around, all that depends on climate adaptation and change. What we eat, and how it's grown. All that comes together. In short the entire economy is affected, which means the private sector has a tremendous role to play" said President Kagame on the launch of Ireme Invest.
"Ireme Invest embodies Rwanda's commitment to achieving tangible results toward a green economy through public-private partnerships in key areas" President Kagame added.
Today’s launch of Ireme Invest marks a significant milestone on Rwanda’s sustainable finance journey.
President Kagame commended the Development Bank of Rwanda for the seed capital it has invested in this fund, building on the solid track record of the Rwanda Green Fund (FONERWA).
He also appreciated partner institutions including the Governments of France, Sweden and the United Kingdom, as well as the European Investment Bank an the Green Climate Partnership Fund noting that without them all that being done by Rwandan institutions would not go very far.
President Kagame noted that these partners have contributed to the first round of capitalisation, bringing the total to more than $100 million.
The launch of Ireme Invest at COP27 convened leaders from global finance institutions and partners who have committed to this green finance initiative.
Topics
More posts
In a ground-breaking move towards sustainable living, the Rwanda Environment Management Authority (REMA) is making significant strides in the fight…
The beneficiaries of the Ecosystem/Landscape Approach to Climate Proof the Rural Settlement Programme of Rwanda, also known as LDCF3 Project, who…
The Government of Rwanda has welcomed the ground-breaking decision made at the 28th Conference of the Parties (COP28) to the United Nations Framework…
Rwanda has today launched its National Carbon Market Framework in a significant stride towards a greener and more sustainable future. The framework…
Kigali, 17 November, 2023- Kigali, REMA, in collaboration with the African Institute for Mathematical Sciences in Rwanda(AIMS_Rwanda), celebrated the…
The Rwanda Environment Management Authority distributes 5,000 improved cookstoves to beneficiaries of the Landscape Restoration Approach to Climate…
The Biodiversity Finance Initiative (BIOFIN)’s Technical Advisor on Environmental Finance for Africa, Mr. Bruno Mweemba recently visited Rwanda from…
Rwanda in September 2023 joined the rest of the world to mark the World Ozone Day with the theme “Montreal Protocol: Fixing the Ozone layer and…
Rwanda will no longer outsource calibration services for meteorology, hydrology and air quality monitoring equipment, as these services will from now…