Ephraim Rwamwenge
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Ephraim Rwamwenge | |
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| Born | May 15, 1993 Ugandan |
| Nationality | Rwandan |
| Alma mater | Botswana Accountancy College |
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Ephraim Rwamwenge (born 15 May 1993) is a Rwandan entrepreneur and businessman. He is the founder and former CEO of the Rwa Business Group, a diversified conglomerate with interests in agriculture, manufacturing, real estate, and technology.[1] He is also a board member of several Rwandan companies and a prominent supporter of education and entrepreneurship in Rwanda and Africa.[2][3][4][5] He is a member of the alumni of the Global Shaper community with the World Economic Forum[6] and was a resident panelist on The Square Rwanda.[7]
Early Life and Education
Rwamwenge was born to a Ugandan father and Rwandan mother in Botswana. He was raised and educated in Botswana until he relocated back to Rwanda in 2012.[1][6] In 2011, he attended Botswana Accountancy College and is trained as a Chartered Management Accountant.[8][1]
Career
Prior to the founding of Rwa Business Group, Ephraim engaged in trade from an early age. He sold sweets, printed lyrics, photos and pies while still in primary and high school. After high school, he co-founded Stratiweb, a company specializing in technology solutions and software development.[1][6][8]
In 2012 during his first year in college, he moved back to Rwanda to start Rwa Business Group and continued his studies remotely.[1][6][8] He grew the company from a small trading business into a multi-faceted conglomerate whose growth was spurred on by angel investing in small business and consolidation of their operations.
Investigations into alleged embezzlement of one of the subsidiaries of Rwa Business Group in 2019 led to the gradual but eventual closure of each the group's holdings.[9]
Upon release from prison, Ephraim Rwamwenge resumed his business career with the founding of Salt Consulting Group[10] and Saltee Africa, an entrepreneurship learning resource platform.[11]
Controversies
At the age of 26, Rwamwenge was arrested in 2019 on charges of embezzlement of US$143,560[9] from a joint-venture with an American investor and was sentenced to 7 years in prison and a fine of US$430,680. On the 23rd of March 2023, he was pardoned by the President of Rwanda, Paul Kagame[12][13][14][15] after evidence was produced establishing his innocence.
Personal Life
Rwamwenge currently lives in Kigali, Rwanda.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 Reporter, Times (2016-05-09). "Rwamwenge turns passion for sweets into a business empire". The New Times. Retrieved 2023-12-01.
- ↑ "RATIN | News | Entrepreneurs: Lack of law on social enterprises". ratin.net. Retrieved 2023-12-01.
- ↑ Kwibuka, Eugene (2018-08-21). "Entrepreneurs: Lack of law on social enterprises hurting local businesses". The New Times. Retrieved 2023-12-01.
- ↑ "Seedstars World announces the nine startups set to pitch at Seedstars Kigali". Ventureburn. 2018-07-17. Retrieved 2023-12-01.
- ↑ "Living Entrepreneurship by Saltee". Spotify. Retrieved 2023-12-01.
- ↑ 6.0 6.1 6.2 6.3 "The Sweet and Fashionable Life Of Being Your Own Boss". www.forbesafrica.com. 2016-07-31. Retrieved 2023-12-01.
- ↑ The Square - Rwanda, retrieved 2023-12-01
- ↑ 8.0 8.1 8.2 "Young serial entrepreneur with roots in Botswana". The East African. 2020-07-06. Retrieved 2023-12-01.
- ↑ 9.0 9.1 https://www.ombudsman.gov.rw/index.php?eID=dumpFile&t=f&f=28839&token=63df6063d6b8cd350526e690a59e046d9b7d2aec
- ↑ https://rw.linkedin.com/in/ephraimrwa
- ↑ "Instagram". www.instagram.com. Retrieved 2023-12-01.
- ↑ Kagire, Edmund (2023-03-24). "More Details Emerge On Planned Release of Rusesabagina, Co-Accused Following Presidential Pardon". KT PRESS. Retrieved 2023-12-01.
- ↑ https://www.gov.rw/index.php?eID=dumpFile&t=f&f=68114&token=c7b3d9bc88efe1789ff4bfc578954af45f474374
- ↑ Bahati, Moise M. (2023-03-29). "Rwanda: Over 380 Terror, Corruption, Abortion Convicts Freed After Presidential Pardon". The New Times. Retrieved 2023-12-01.
- ↑ "MSN". www.msn.com. Retrieved 2023-12-01.
External links
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