The Rwanda Coding Academy Has Received $1.7m Investment From The Korea International Cooperation Agency

The Korea International Cooperation Agency (KOICA) has signed a Record of Discussion with Rwanda’s Finance and Education Ministries for the US$7.1 million Rwanda Coding Academy (RCA) Capacity Development Project.

This means that the government will contribute an additional $800,000 to the project, to bring the total to $7.9 million.

In accordance with Covid-19 protocols, the signing ceremony which bounds both parties in the agreement, was done virtually.

In attendance at the virtual event was The Minister of Finance and Economic Planning, the Minister of Education, and the Country Director of KOICA, Rwanda. They all signed the R/D.

According to Mr. Chon Gyong Shik, who is the Country Director of the KOICA, Rwanda Office, Agriculture, education, and ICT are the three major sectors of this initiative. RCA started in 2019, and was modelled after Korea’s Software Meister High School, with the goal of developing skilled software developers who can help Rwanda’s industrial and economic development.

The KOICA Rwanda office launched in 2011 and presently, there are ten active projects under its oversight in Rwanda.