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John Rwangombwa awarded as Africa’s Central Bank Governor of the Year

By IGIHE
On 30 November 2022 at 09:10

The Governor of National Bank of Rwanda (BNR), John Rwangombwa has been awarded as the Central Bank Governor of the Year at the Africa Financial Industry Summit (AFIS).

The second annual summit took place from 28th to 29th November 2022 in Lomé, the capital of Togo.

It brought together leaders from the African financial industry, teachers, lecturers and economic experts for discussions to contribute to the continent’s economic recovery through the development of a competitive, innovative, inclusive, and sustainable financial industry.

The first ever AFIS Central Bank Governor Award recognizes the role of Governors in the development of the continent’s economies.

Governor Rwangombwa was also recognized in the areas of Monetary policy, discipline and proactive approaches in public debt management, bank consolidation and support for private equity.

Rwangombwa was appointed Central Bank Governor in 2013. Since then, Rwanda’s economy grew at a commendable pace with an annual growth of over 7%.

During his tenure, Rwanda promoted cashless transactions. For instance, latest figures from BNR indicate that the number of funds transfers through mobile payment channels in the fiscal year 2021/2022 increased by 58 percent from 196 million to 310 million transactions and the value increased by 41 from Rwf4,707 billion to Rwf6,616 billion.

Rwangombwa contributed to Rwanda’s economy through different duties assumed previously where he worked in Rwanda Revenue Authority (RRA), Ministry of Finance and Economic Planning (MINECOFIN) which he led since 2009.

At the time, Rwanda was implementing the First Economic Development and Poverty Reduction Strategy (EDPRSI) aimed at eradicating poverty. EDPRSI saw Rwanda reducing poverty by 12% from 2006 to 2011.

In 2015, two years after assuming duties as Governor, BNR received an award as the Central Bank of the Year in the Sub-Saharan Africa Region.

AFIS is organized by Jeune Afrique Media Group and Africa CEO Forum.

John Rwangombwa has been awarded as Africa’s Central Bank Governor of the Year.
Governor Rwangombwa was also recognized in the areas of Monetary policy, discipline and proactive approaches in public debt management, bank consolidation and support for private equity.

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