ADGM collaborates with Kigali International Financial Centre

ADGM collaborates with Kigali International Financial Centre

Abu Dhabi Global Market (ADGM) and Kigali International Financial Centre (KIFC), a financial center that aims to transform Rwanda into a leading financial destination for investors seeking opportunities across the African continent, have signed a Memorandum of Understanding (MoU) establishing a comprehensive framework for collaboration between the two financial centers. The strategic collaboration was inked […]Abu Dhabi Global Market (ADGM) and Kigali International Financial Centre (KIFC), a financial center that aims to transform Rwanda into a leading financial destination for investors seeking opportunities across the African continent, have signed a Memorandum of Understanding (MoU) establishing a comprehensive framework for collaboration between the two financial centers.

The strategic collaboration was inked at ADGM’s Authority building with an esteemed delegation from Rwanda. The partnership aims to foster cooperation within both financial centers including but not limited to promotion and international development, mutual recognition, capacity building and skills development, sustainable finance, and Islamic finance.

Furthermore, the regulatory authorities of the IFCs will explore mutual recognition agreements for regulated entities based in either country with a view to opening opportunities in both markets. This also extends to sharing best practices and experiences in the development of financial centers and fostering a culture of continuous improvement