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TACKLING MEMBER SERVICES TO ENSURE A SUSTAINABLE FEDERATION One-on-One with PSF Chairman |
 By 2020, it is projected that Private Sector will be the engine for Rwanda’s economic growth—which is one of the key pillars in Rwanda’s socioeconomic development vision (2020). When the time comes, two main parties will be accountable: The Private Sector Federation (PSF), the umbrella body of the Rwanda’s business fraternity, and the Government of Rwanda. You would say the Government has really tried to do its part—creating an enabling environment in terms of policy and regulation—no wonder the country is topping the list of reforming economies globally. Big-up to the “CEO Rwanda Inc” President Paul Kagame for his exceptional visionary leadership. The ball then crosses to PSF’s court. In this interview with PSF Chairman Mr. Faustin Mbundu who is hardly a year in office, he talks extensively about critical administration and operational issues of the federation that will define its path to prosperity to become a sustainable member based organization. Question: The PSF National Elections that ended last year saw you at the helm (of the federation). There is a lot of anxiety and expectation among the business community, especially your members of the new leadership. In terms of administration, where are we today, a few months in office? Chairman: First of all, it is quite encouraging to note that during the just concluded PSF elections, we continued to register strong candidates who vied for leadership positions. This is indicative of the fact that they understand the importance and feel they want to play a role in engendering private sector development in Rwanda. |
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PSF District action plans to focus on MoU signed with Mayors |
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Recently PSF committees at the district level, and Mayors of their districts, signed an MoU aimed at promoting businesses, and supporting them in their daily activities. For this to happen, PSF committees have to put extra effort into the implementation of the MoU. In that regard, the Chairman of Private Sector Federation (PSF), Mr. MBUNDU Faustin, convened a consultative meeting on 6th January, 2012, at the PSF Headquarter, with all PSF District Presidents to discuss the way forward. |
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PSF Spearheads Establishment of Kigali International Arbitration Centre—KIAC |
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Preparations by Private Sector Federation (PSF) are in high gear and all is set for the official launch of the first ever international arbitration centre—dubbed Kigali International Arbitration Centre (KIAC) come January 30, 2012. Spearheaded by PSF, the KIAC project is a partnership between governments, private companies and development partners working to improve to doing business on the continent. Over the recent years, Rwanda has performed extremely well in terms of creating a conducive business environment, featuring among the top reforming nations, only beaten by Botswana in the whole of Sub Saharan Africa. Clearly, Rwanda is open for business and now attracting a lot of Foreign Direct Investments (FDIs). More so, the country has integrated with various economic blocs. The FDIs trend is projected to go even higher. As part of investor confidence building and facilitation, efforts are being made to establish an efficient and effective commercial arbitration system.
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PSF to boost efforts in Farmers’ Development through BDS |
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The Private Sector Federation (PSF), through the Business Development Services (BDS) center, is putting more efforts into developing farmers by facilitating them towards the attainment of funds. During a consultative meeting with BDS consultant that was held on 6th January, 2011, at the PSF Headquarters in Gikondo, the major issues discussed, among several others, was how to promote agricultural investment.
This is being done in partnership with the Ministry of Agriculture (MINAGRI) through the Rural Investment Facility (RIF2). RIF is a program that supports investment in rural area based in BNR with 10 Million dollars. The main aim is to encourage financial institutions and entrepreneurs to invest in agriculture. |
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