Rwanda Development Digest

People looking at the light
  • Publication
  • December 08, 2025

Welcome to the Rwanda Development Digest, where we explore the intricate dynamics shaping Rwanda's development. As the nation pursues Vision 2050, our publications highlight the role of government policies, public financial management and reforms, corporate governance and partnerships with development partners in shaping the future of Rwanda.

This bulletin serves as a hub for professionals and stakeholders to stay informed about the latest trends, projects, and strategies driving Rwanda's sustainable development. We provide in-depth analysis and expert commentary on the policies, partnerships, and programs that are driving sustainable growth, from government institutions to transformative collaborations with development partners. Our goal is to keep you informed on the progress and future directions of Rwanda's public sector. Stay connected as we delve into milestones and trends shaping Rwanda's path to prosperity.

In this issue:

Green finance and ESG

Linked investments: Catalysing East Africa’s Economic Transformation

East Africa is at a crossroads where economic growth and sustainability must align to build a resilient future. Traditional financing alone can no longer support the scale of investments needed for climate-resilient infrastructure, clean energy, and sustainable agriculture. Green finance and ESG (Environmental, Social, and Governance) frameworks are emerging as game-changers, unlocking new capital and reshaping investment priorities across the region.

Countries like Rwanda, Kenya, Tanzania, and Uganda are leading the way with innovative initiatives from Rwanda’s Green Exchange Window and carbon credit programs to Kenya’s Green Bonds Programme and Tanzania’s growing green bond market. These efforts reflect growing investor demand for transparent, sustainability-linked investments that deliver measurable climate and social benefits.

However, challenges remain. East Africa faces a large funding gap and risks tied to loan-heavy financing structures, alongside the need for more bankable projects and stronger ESG data. Governments and financial institutions must work together to simplify policies, build capacity, and improve standards to fully tap green finance’s potential.

This article highlights East Africa’s green finance journey, focusing on key projects, regulatory advances, and strategic steps needed to accelerate sustainable investment positioning the region as a leader in the global transition to a greener economy.

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Mwangi Karanja

Mwangi Karanja

Partner, PwC Rwanda

Tel: +250 (252) 588203/4/5/6

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