Kigali reached that position from 81st place, which means that it has risen 14 places, making it third on the African continent, and second in sub-Saharan Africa.
Some of the most important criteria for rating the world’s financial institutions include five main pillars, which include knowledge where a city is assessed for people with skills or education, infrastructure including technology and transportation, and operational methods. including law enforcement and auditing.
Other considerations include the development of the financial sector, the way in which start-ups can easily get capital, and how the City is respected or seen on the international market.
In addition to Rwanda’s capital Kigali being the third largest in Africa, the Z/Yen collection showed it as the second most used technology in the financial sector in Africa, behind Casablanca, Morocco, where it showed that Kigali rose 18 places to the 62nd place in the world, while Casablanca is in the 53rd place in the world.
Financial and economic analysts find that Kigali continues to be one of the top financial centers in the world, which is a great opportunity for further growth in investment, as it allows many investors from around the world to work in Rwanda.
On the other hand, there is much that needs to be improved in order for Kigali to continue to rise to a better position, which includes learning from others who have reached a level higher than their own, learning from what they are better than, helping them to reach or surpass them.
Another gap that should be strengthened is the fact that there is still a very low number of investment analysis professionals as there are only seven, despite various measures taken by the Government of Rwanda to urgently increase that number.
