Rwanda's long-term savings scheme, Ejo Heza, has recorded significant growth, reaching RWF 49 billion as of 2025, up from RWF 80 million in 2019. The scheme, launched to encourage Rwandans to save for the future, has seen a substantial increase in contributors, from 19,000 in 2019 to 4 million in 2025. This growth was announced by Prime Minister Dr. Nsengiyumva Justin during a meeting with lawmakers.
The Prime Minister highlighted that the growth of Ejo Heza is a positive step towards building a culture of saving for the future and ensuring financial security for Rwandans. He emphasized that the scheme's success goes beyond the number of contributors, as it demonstrates a shift in mindset towards prioritizing long-term savings. The government's efforts to promote financial literacy and inclusion have contributed to the scheme's growth.
The Ejo Heza scheme is part of the government's strategy to develop the financial sector and promote economic growth. The Prime Minister noted that the scheme's success has also led to an increase in the number of companies listed on the stock exchange, from one in 2017 to 10 currently, with five being local and five foreign. This growth has provided more investment opportunities for Rwandans.
The Prime Minister also addressed concerns about the shortage of milk in the market, which has led to high prices. He attributed the shortage to a disease that affected livestock and a prolonged dry spell. However, he expressed optimism that the situation is improving, with the disease brought under control and rainfall increasing. This is expected to lead to an increase in milk production and a reduction in prices.
The milk shortage had been a concern for some time, with a survey in September showing that only one market in Kigali had milk available. The shortage was attributed to a combination of factors, including a prolonged dry spell and a disease that affected livestock. The government's efforts to address the issue have shown positive results, with the Prime Minister assuring lawmakers that milk production is expected to increase.
The growth of Ejo Heza and the development of the financial sector are part of the government's efforts to promote economic growth and financial inclusion. The Prime Minister emphasized that the government is committed to creating an enabling environment for businesses to thrive and for Rwandans to access financial services. The Ejo Heza scheme is an important part of this effort, providing a platform for Rwandans to save for the future.
The government's focus on financial inclusion and literacy has contributed to the growth of Ejo Heza and the financial sector. The Prime Minister noted that the government will continue to promote financial education and inclusion to ensure that more Rwandans can access financial services and benefit from the country's economic growth.
Key points
- The Ejo Heza long-term savings scheme has reached RWF 49 billion with 4 million contributors.
- The scheme's growth demonstrates a shift in mindset towards prioritizing long-term savings among Rwandans.
- The government is committed to promoting financial inclusion and literacy to ensure more Rwandans can access financial services.
