Norrsken, an entrepreneurship hub housing 340 entrepreneurs and 120 companies in the Swedish capital of Stockholm, has announced Kigali as its East Africa hub.
This is Norrsken’s second global hub after its Stockholm hub.
“Rwanda to us is the natural gateway to the fast-growing markets and entrepreneurs of East and Central Africa”, says Norrsken CEO Erik Engellau-Nilsso.
The team for Norrsken Kigali will be recruited locally.
The Norrsken hub will be located at former École Belge.
Norrsken was founded by Niklas Adalberth in 2016.
Norrsken’s portfolio consists of Swedish and British companies, several of them with operations in Africa.
Norrsken aims to scale this with the opening of Norrsken Kigali and invest directly in African companies.
COO of Norrsken, Funda Sezgi, said that they chose Rwanda because of its “strong infrastructure, great connectivity, high economic growth and ease of doing business.”
The RDB Chief Investment Officer, Guy Baron, noted that RDB is focused on developing Rwanda as an investment hub.
“As a country we know the importance of innovation and entrepreneurship. This kind of investment is critical and we are very excited to have you,” he said.
Minister of ICT and Innovation, said that Norrsken’s entry fits into Rwanda’s strategy of becoming a Pan-African innovation hub. “We are happy that Norrsken is here for the long haul,” she said.
Big 🇷🇼🇸🇪 excitement as @norrsken_org presents decision to open 1st Norrsken office outside Sweden in #Rwanda! Old Belgian school in Kigali will be made into the biggest hub for entrepreneurs in East Africa & attract people fr many continents.#GoodChoice https://t.co/lafCrQ8Ow2 pic.twitter.com/9SHUfynZoR
— Jenny Ohlsson 🇸🇪 (@jennyohlssonMFA) June 12, 2019