MINECOFIN and Partners Organize Savings Mobilization Campaign in Ngoma District
Ngoma, November 7, 2025 — The Ministry of Finance and Economic Planning (MINECOFIN), together with its partners, participated in a savings mobilization event held in Ngoma District as part of a nationwide campaign to promote financial inclusion and strengthen Rwanda’s culture of saving.
The event brought together key stakeholders in the financial sector, including the National Bank of Rwanda, insurance companies, and other institutions involved in promoting savings and insurance services. The initiative provided community members with a platform to engage directly with financial institutions, access relevant information, and have their questions or concerns addressed.
During the event, Mr. Niyitegeka Jean Claude, a successful businessman from Ngoma Sector, shared his inspiring journey of financial growth through saving. He recounted how he started his business in 1998 with only 4,000 RWF and saved 200 RWF coins regularly. His disciplined saving enabled him to purchase a bicycle to support his egg-selling business. Through persistence and hard work, he has become financially stable and now serves as the Private Sector Federation (PSF) Chairperson in Ngoma Sector.
Mrs. Kayibanda Ritha from the National Bank of Rwanda highlighted that 96% of Rwandans are now engaged with banks or microfinance institutions, a sign of remarkable progress in financial inclusion. She further noted that many Rwandans are saving through programs such as Ejo Heza and various insurance schemes, which contribute to financial literacy and economic resilience.
Representing MINECOFIN, the Director General emphasized that saving is the foundation for capital formation, which drives both economic growth and financial stability. He encouraged citizens to prioritize saving individually and collectively, noting that the savings mobilization campaign, which ran from October 31 in Gicumbi district to November 7, 2025 in Ngoma district, was designed to inspire Rwandans to embrace saving as a lifelong habit essential for sustainable national development.
Angelique MUKAMURENZI