According to the New Times on September 11th, Kigali is hosting the fifth Energy Week RE4SG event. This event is a platform that brings together policy makers, innovators, investors, and industry leaders to drive Rwanda's energy transition. The energy development story of Rwanda is both ambitious and urgent. The country has made significant progress, with over 82% of households now connected to electricity, thanks to the joint efforts of grid expansion and off grid solar energy. The government's National Transformation Strategy 2 (NST2) aims to achieve universal electricity supply, promote clean cooking solutions, optimize energy structure, and enhance the stability of energy supply. However, to achieve these goals, it is not only necessary to improve infrastructure and advanced technology, but also to have sufficient funding, widespread trust, and innovative financing models. This is where the financial sector plays a role and where Kigali Bank plays a leading role. At present, Kigali Bank has invested over 61 billion Rwandan francs in the energy sector, supporting projects such as the Rukarala VI hydroelectric power station, Gazmes Energy, Ngali Energy, and the EU Clean Development Mechanism. The bank has become a trusted partner for large-scale power generation and community driven projects, with its investment portfolio covering hydropower, biogas, solar energy, and clean energy distribution, which is in line with Rwanda's own diversification strategy.
