Rwanda unveils ambitious fintech strategy

Africa's biggest telco says it is collaborating with partners to guarantee that the continent has adequate broadband access to support a thriving digital economy.

The telco launched 4G-enabled smartphone, IKOSORA+, as part of the Connect Rwanda 2.0 campaign during a ceremony in Kirehe.

Since its launch, today Irembo hosts over 40 e-services deriving from 6 different government agencies with more than 90,000 users a month.

Rwanda's Centre for the Fourth Industrial Revolution, together with the World Economic Forum, will host a high-level AI summit in Africa around the end of 2024.

According to the telco, this has resulted in a 25.7% increase in smartphone penetration, leading to increased mobile internet use.

The telecom provider says it will continue to invest in Rwanda and is committed to continuing to work with the government.

The group met in Kigali, Rwanda, to discuss the prospects and obstacles for stronger partnerships with African governments, to achieve digital inclusion.

Rwanda acknowledges role played by Secretary-General of the UN agency Houlin Zhao.

Data governance and emerging technologies, such as data governance, artificial intelligence and machine learning, will be critical areas of focus.

ICT and Innovation Ministry said the Agency will position the country to actively participate in the global space economy, valued at over US$400-billion.

President vows more action to address issues of cost and quality.