Accelerating Rwanda's sustainable transportation: The role of e-mobility infrastructure

Rwanda has been at the forefront of sustainable development, with the Rwanda Green Fund spearheading the environmental charge since its inception in 2012. The country is now taking bold steps to revolutionize its transportation sector by embracing electric mobility. CNBC Africa recently sat down with Teddy Mpinganzima Mugabo, CEO of Rwanda Green Fund, to delve into the latest advancements in e-mobility infrastructure and Rwanda's journey towards a greener future. The conversation highlighted the pivotal role of investments in fostering both mitigation and adaptation activities. By shifting towards electric mobility, Rwanda is steering away from carbon-emitting fuel-powered vehicles, thus paving the way for cleaner transport systems. This transition not only combats climate change but also enhances air quality, potentially mitigating respiratory diseases. Moreover, Mugabo emphasized the significance of public-private partnerships in driving innovation and investments in Rwanda's e-mobility landscape. He underscored the critical role of private sector collaboration in deploying advanced technologies, citing the partnership with ESPI to launch East Africa's fastest supercharger as a prime example. Mugabo acknowledged the pivotal role of the public sector in creating an enabling environment with clear policies and incentives to attract private sector investors. Looking ahead, Mugabo outlined the Rwanda Green Fund's commitment to accelerating the e-mobility sector through strategic partnerships and blended finance structures. The fund aims to provide patient capital early on to unlock additional financing and drive sustainable growth in mobility and renewable energy in Rwanda and the wider region. When queried about financing solutions for Rwandan citizens keen on purchasing electric vehicles, Mugabo highlighted the Ireme Invest initiative, a strategic partnership between the Rwanda Green Fund and the Development Bank of Rwanda. This collaborative effort has facilitated the financing of e-mobility projects, offering more accessible debt financing options to support the transition towards electric vehicles. Mugabo reiterated the fund's focus on engaging commercial banks to design innovative financial products that are affordable and appealing to potential buyers. As Rwanda continues to lead the e-mobility revolution in East Africa, the partnership between public and private sectors remains instrumental in driving sustainable transportation solutions and fostering a greener future for the nation.