Speaking to IGIHE, Bafakulera disclosed that he submitted his resignation to PSF’s Board of Directors on Friday 3rd February 2023.

“I have resigned over personal reasons,” he noted.

Bafakulera said that PSF has made good progress and expressed hope that his deputies will continue to lead the organization until the election of a new chairperson.

“This federation which currently stands firm is led by my former deputy, Jeanne Françoise Mubiligi whom we have been working together. She knows what to do and will work with the second assistant to help her discharge the duties until the election of a new chairperson,” he disclosed.

Bafakulera was re-elected to lead PSF for the second term in March 2022. He had been elected for the first renewable term in 2018.

Bafakulera is among Rwanda’s tycoons where he runs several investments including hotels.

He owns different hospitality establishments including Ubumwe Grand Hotel. Bafakulera is also involved in logistics business as well as trade of rice and cooking oil.

Robert Bafakulera, Chairperson of Rwanda’s Private Sector Federation has resigned.