November 7, 2025 the Special Guarantee Fund (SGF) participated in a savings mobilization event held in Ngoma District, organized by the Ministry of Finance and Economic Planning (MINECOFIN) 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 that play a role in promoting savings and insurance services. The initiative provided a platform for community members to interact with financial institutions, receive information, and have their concerns addressed directly.

During the event, the Special Guarantee Fund had the opportunity to explain to participants its mandate, services, and procedures for obtaining compensation in cases of accidents caused by uninsured or unidentified motor vehicles. This engagement allowed participants to better understand the Fund’s role in providing financial protection and promoting road safety awareness.

Speaking at the event, Mr. Niyitegeka Jean Claude, a successful businessman from Ngoma Sector, shared his journey of financial growth through saving. He recalled starting his business in 1998 with only 4,000 RWF and saving 200 RWF coins regularly, which eventually enabled him to buy a bicycle to support his egg-selling business. Through consistent saving and hard work, he became 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 currently 96% of Rwandans are engaged with banks or microfinance institutions an indication of remarkable progress in financial inclusion. She also noted that many Rwandans are saving through programs such as Ejo Heza and various insurance schemes, further promoting economic resilience and financial literacy.

Representing MINECOFIN, the Director General emphasized that saving is the foundation of capital formation, which drives economic growth and financial stability. He encouraged all citizens to make saving a personal and collective priority, noting that the savings mobilization campaign, which ran from October 31 to November 7, 2025, aimed to inspire Rwandans to embrace saving as a lifelong habit that contributes to sustainable national development.