Rwanda Academy of Finance is an institute of vocational training aiming to provide with high quality training curricula for the different staff levels of the banking sector. There will be 3 programs to be developed: RAF 1 for employee level, RAF 2 for middle management level and RAF 3 for senior management level.
Every RAF program consists of 3 phases:
- A training curriculum per level in accordance with international standards and the organization of the production of on-site courses.
- An e-learning platform containing texts and exercises adapted to the Rwanda situation.
- The organization of yearly examinations on location, monitored by international experts and leading to high standard professional certificates per curriculum level (RAF 1,2 & 3)
Setting-up a high-quality self-supporting training centre for the financial sector in Rwanda.
Providing services reinforcing the development of a modern bank & insurance environment in Rwanda according to international best practice
Influence the educational system for those who are to enter into the sector
Being fully integrated in the financial community and acquire strong credibility and meeting the needs of the banks, insurance companies and microfinance institutions and, in this respect, follow the evolutions.
Striving for a lean organisation, in order to reduce the centre’s costs to a minimum.
Organise an accreditation system in agreement with the banking, insurance and microfinance sector in order to establish a guaranteed quality for all different competences required in the financial sector.
Recent studies proved that the competence of the personnel of the Rwandan financial sector was behind the competence level of other countries in Africa. Due to the development pace of Rwanda, this can harm the upcoming Rwandan economy. It is therefore necessary to catch up in two domains: organise further training of existing bank, insurance and microfinance personnel and secondly improve the curriculum of the present students that will enter the sector soon.
We are convinced that this effort of the financial sector to set up a high quality vocational training centre is absolutely complementary to the academic studies that we provide and can be beneficial for those students who have the ambition to enter into the financial sector
As a future trainer, being part of the Rwandan Academy of Finance (RAF) journey has been an enriching and unforgettable experience. From the initial training of trainers (ToT) to the customization of the proposed modules and oral presentations before the peers, I have learnt to become a better trainer of professionals as per the international standards, while remaining relevant to the local needs. I cannot wait to start applying the acquired skills and knowledge and to see the Rwandan banking industry reaching greater heights
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