Rwanda Green Fund Investment Partners Trained in Continuous Improvement & Financial Management
The Rwanda Green Fund and the UK Department for International Development (DFID) in Rwanda have trained the fund’s investment partners in continuous improvement, accountability, and financial and risk management. The training brought together many of the managers and accountants from the fund’s 35 investments to improve project implementation and outcomes.
Opening the training, Fund Coordinator Alex Mulisa stressed the importance of transparency in all aspects when implementing fund investments.
"The Rwanda Green Fund has a strong culture of continuous improvement and accountability. We are here today because we want to build on this and improve our understanding of fraud prevention and financial management. In doing so, we will be better placed to demonstrate our results to beneficiaries, partners and donors," he said.
The first session on fraud prevention was led by DFID Rwanda’s Director of Finance, Patrick Ngona, who asked participants to translate ‘fraud’ into Kinyarwanda. After an amusing conversation on how the word cannot be perfectly translated, Patrick took investment partners through some of red flags and control measures for preventing fraud.
“We must always be vigilant when it comes to fraud. As project managers, it is crucial that you are aware of any potential discrepancies in financial statements and take the time to investigate them. You should also ensure there is an avenue for reporting suspected fraud,” Patrick said.
The Acting Fund Manager, Augustin Hitimana, then presented on enhancing financial management to help improve performance of investment partners. In the afternoon, the fund’s Internal Auditor, Augustin Kamana, presented on risk management and encouraged participants to undertake comprehensive risk assessments and put in place mechanisms to ensure fund investments stay on track.
The training concluded with a review of the progress of the fund’s investments. The fund’s Monitoring and Evaluation Specialist, Florian Mugabo, presented the status of all projects and facilitated a discussion with participants on how to fast track implementation.
The fund’s investment partners committed to support one another as they work to support the country’s vision of building a low carbon, climate resilient economy.