Over 4,800 university graduates’ projects to benefit from Rwf11 billion BDF funding

The Inspirer staff.

At least 4,826 projects worth Rwf11.5 billion are set to benefit from this funding scheme this year according to the Business Development Fund (BDF) Officials.

Last year, 2,083 bankable projects worth over Rwf11 billion were achieved. This funding will go to Small and Medium projects and will target fresh graduates. BDF announced this on Thursday January 31st, 2019 in a press conference in Kigali.

BDF Chief Executive Officer, Innocent Bulindi said that young graduates’ proposed projects will be funded, pointing out that they do not require huge budget as it is estimated  to an average of Rwf6.5 million, each.

Bulindi noted that the funding will not change the current requirements to fund the projects. He said that it will help create more jobs for youth annually to tackle unemployment challenge.

Unemployment rate is 13.2 percent in Rwanda as defined in current figures.

“In 2018, BDF impacted over 10,000 lives including men, women and youth through 2083 projects by spending Rwf11,035,396,916 on all projects, this year, we are planning to work very hard and achieve our target of 4,827 projects by spending Rwf 11,546,424,894,” he said.

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Elias Hakizimana

Elias Hakizimana, CEO&Founder of The Inspirer Ltd,(www.rwandainspirer.com) is a professional Rwandan Journalist with Bachelor’s Degree in Journalism and Communication, received from University of Rwanda’s College of Arts and Social Sciences (CASS) in 2014. He served various media houses in Rwanda including Rwanda Broadcasting Agency (RBA) in 2013 and became passionate with English Online and Print Media Publications where he exercised his talent as a Freelance News Reporter for The New Times, The Independent, The Rwanda Focus, Panorama and more before he became a Self-Entrepreneur as the CEO and Founder of The Inspirer Limited in early 2017.

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