Rwandan Journalists Launch Investment Company, Seek Self-Reliance

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Members of the media during the launch Media-Ventures-Group at Rwanda Press House in the capital Kigali.

Rwandan journalists have formed an investment company – which they believe will bring an end to what has become a traditional bad perception about media practitioners in Rwanda.

For some time now, the public has in one way or another termed some members of the media as financially challenged, lunch and transport beggars and many others.

The new company – Media Ventures Group Limited (MVG Ltd) launched yesterday at Rwanda Press House offices in the capital Kigali, seeks to end this public perception, its members say.

“It has become a daily talk that Rwandan journalists do not have vision. We are regarded as unprofessional, beggars of free services like lunch, transport and other things. This is the right time we join hands and build a sustainable future and change this mindset,” said Didas Niyifasha, the Company President and legal representative.

According to Niyifasha, Rwandan journalists are tired of being undermined in nature, and the new media Company is a solution to self-sustaining.

While Rwandans in different sectors have teamed up to work together, journalists remain scattered, with existing media bodies not equipped enough to fund journalists’ projects.

Through the new established media company, shareholders say, journalists will get chance to work with financial institutions and execute bankable projects.

“First on our agenda is to ensure we build affordable houses for journalists. Most media practitioners have no contracts. We need to work on these changes,” Niyifasha said.

Under its structure, shareholders contribute Rwf10, 000 every month, with an open chance to new journalists wishing to join the company.

According to Niyifasha, Media Venture Group has established a plan to invest in different fields including hospitality, housing, transport and media, among others.

Building corporate bond

According to Media Ventures Group members, the company opens up doors to work with partners as it seeks to improve the welfare of Rwandan journalists.

“We also look at building partnership with donors and government institutions as part of harnessing our shared goal – the country’s development,” said Rene Anthere Rwanyange, the company secretary general.

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