Ireme Invest opens doors for green entrepreneurs in Rwanda under its Project Preparatory Facility

On 21 February 2024 at 07:11

In a bid to bolster Rwanda’s commitment to environmental sustainability and green technology, Ireme Invest has officially opened its doors to applications from businesses eager to make a difference in the fight against climate change. This initiative, under the auspices of the Rwanda Green Fund’s Project Preparatory Facility (PPF), aims to inject vital financial support into innovative projects that align with Rwanda’s green growth ambitions.

Ireme Invest is an Investment Facility that supports Rwanda’s private sector to access green finance and increase the private sector’s contribution to Rwanda’s response to climate change.

It stands out by offering a comprehensive suite of financial instruments, including grants, recoverable grants, and equity options, tailored to meet the diverse needs of the burgeoning green sector in Rwanda.

With funding up to Rwf125 million in grants, Rwf300 million in recoverable grants, and equity investments reaching Rwf300 million, the facility is poised to make a transformative impact on eligible businesses that demonstrate a commitment to clean energy, smart mobility, sustainable cities, climate-smart agriculture, and the waste & circular economy sectors.

The eligibility criteria for this groundbreaking opportunity are broad yet focused, welcoming all entrepreneurs and businesses that operate in or are transitioning to green solutions within Rwanda.

Ireme Invest is particularly keen on projects that show a strong potential for scalability, financial viability, and a positive economic and environmental impact. This holistic approach ensures that the selected ventures will not only contribute to Rwanda’s climate resilience but also promote sustainable economic growth.

Applications for this game-changing initiative are open until Friday, 15th March 2024, at 17:00 Central Africa Time (CAT), offering a window of opportunity for forward-thinking entrepreneurs and businesses to step forward.

To facilitate a smooth application process, Ireme Invest has set up a dedicated portal at www.iremeinvest.rw/apply, where interested parties can find all the necessary information and support.

Additionally, the program will host a series of webinars and info-sessions throughout the application period, providing a platform for applicants to gain insights and clarify any queries by reaching out to [email protected].

For those looking to delve deeper into what Ireme Invest has to offer, further information can be accessed through the official website www.iremeinvest.rw or by contacting [email protected].

Ireme Invest, by offering a blend of financial products and services through both the Project Preparatory Facility and the Credit Facility hosted at the Development Bank of Rwanda, is set to play a pivotal role in advancing Rwanda’s green agenda.

By facilitating access to green finance, Ireme Invest is not just funding businesses; it is investing in a sustainable future for Rwanda and setting a benchmark for green investment across the African continent.

Ireme Invest has opened doors for green entrepreneurs in Rwanda under its Project Preparatory Facility.