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Rwanda: Global Investment Bank Unveils Scholarships for Rwandan Women
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Rwanda News Agency/Agence Rwandaise d'Information (Kigali)
7 March 2008
Posted to the web 12 March 2008
Kigali
#Z Goldman Sachs, a top global investment bank has teamed up with the = William Davidson Institute to start a program that will see some 40 = women start business training immediately, RNA has established.
In the first phase of the project, the Institute will design and = implement a program to provide scholarships for 15 women from around = Rwanda to enroll for a degree program at the School of Finance and = Banking in Kigali.
The scholarship program will focus on underprivileged but qualified = women regardless of age, the Davidson Institute announced. The American = institute is also the brain behind the now much sought banking school. =
For the second program, the Goldman Sachs Entrepreneurship Certificate = Program will give participants the knowledge and skills needed to launch = or expand business enterprises in Rwanda.
Over the course of the six-month program designed and delivered by = Michigan-based William Davidson Institute, 30 women will create business = plans that can be transferred from school to the real world immediately.
The Rwandan women will be part of a new initiative '10,000 Women' that = was designed by William Davidson Institute and recently won approval = from Goldman Sachs - one of the world's largest global investment banks. = The initiative was launched on March 5.
It will provide 10,000 women, predominantly in developing and emerging = markets around the world, with a business education.
According to the William Davidson Institute, it is Goldman Sachs that = approached it several months ago, seeking ideas of ways to work together = to positively impact the lives of women in Rwanda.
The banking firm apparently knew of the Institute's successes in turning = the School of Finance and Banking (SFB) in Kigali, into a regional = center of excellence in business education.
Other partners of Goldman Sachs include Harvard Business School, = Wharton, Brown and Columbia.
Krishna Govender, the Rector of the banking school, said the WDI-Goldman = Sachs partnership could not have come at a better time.
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"At a recent conference on 'Gender, Nation Building and the role of = Parliaments,' (Rwanda) President Paul Kagame said 'whether one considers = access to education, ownership of business or participation in = decision-making, the story is the same-women are excluded from the = mainstream.", he said
"The generous support of the Goldman Sachs Foundation will be = particularly relevant to Rwanda, and go a long way in ensuring that = women are no longer marginalized but empowered to take up their rightful = places in all facets of society," Govender added.
This program comes at a time when the government of Rwanda has = substantially reduced funding for scholarships for the 2008 academic = year due to budgetary constraints. Government will only support the very = poor on outstanding academic excellence.
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