Board of Directors



Board Chairman

Hon. John Rwangombwa was appointed Central Bank Governor on the 25th February 2013. His career started in Rwanda Revenue Authority where he grew through ranks to the Deputy Commissioner of Customs for Operations. He then joined the Ministry of Finance and Economic Planning in 2002 as the Director of the National Treasury Department. Having served as the Ministry’s first Accountant General in 2005, Mr. Rwangombwa was appointed Permanent Secretary and Secretary to the Treasury in the same year and in 2009 he became the Minister of Finance and Economic Planning.  At that time, he oversaw the elaboration and implementation of Rwanda’s first Economic Development and Poverty Reduction Strategy (EDPRS I), under which Rwanda’s economy was able to achieve high growth at an average of 8% and poverty was reduced by 12% in 5 years from 2006-2011.

Since his appointment as Central Bank Governor to date, Mr. Rwangombwa has been able to maintain the stability of the Rwandan Economy and its Financial Sector. He was voted Governor of the Year 2015 for the Sub-Saharan Region by Emerging Markets.

Mr. Rwangombwa serves as member of various advisory bodies including the Presidential Advisory Council and World Economic Forum on Global Agenda Council


Board Vice Chairperson


Dr Monique NSANZABAGANWA is the Deputy Governor of the National Bank of Rwanda since May 2011. She also served as Minister of Trade and Industry (2008-2011) and Minister of State for Economic Planning in the Ministry of Finance and Economic Planning (2003-2008). Prior to that, she lectured at the National University of Rwanda, currently University of Rwanda. Fluent in English and French, Dr Monique Nsanzabaganwa is an Alumnus of Stellenbosch University, South Africa where she studied Economics, with a Cum Laude Masters obtained in 2002 and a PhD in 2012.

As Minister of Trade and Industry, Dr Monique Nsanzabaganwa spearheaded the implementation of Doing Business reforms whereby a dozen of business related laws were drafted, defended and passed by Parliament in less than a year earning Rwanda the privilege of global best reformer (DB 2010 Report) and second best reformer the year after (DB 2011 Report). By the time she left the Ministry, Rwanda ranked 45th globally (DB 2012 Report). She contributed to the creation of RDB (Rwanda Development Board), a flagship institution for the development of the private sector in Rwanda. As the first woman to head the Ministry, she also focused on formulating policies and implementing reforms in the areas of consumer rights and protection, competition, intellectual property rights, handcrafts, cooperative movement and conservation whereby she led the setting up of the first compensation scheme for damages caused by protected animals.

Under her tenure of Economic Planning portfolio, Dr Monique Nsanzabaganwa contributed to the strengthening of the planning and statistical system both at the local and national levels. She coordinated the implementation, monitoring and evaluation of PRSP2 and the elaboration of the first EDPRS (Economic Development and Poverty Reduction Strategy). She also spearheaded the establishment of the National Institute of Statists of Rwanda and the formulation of the Microfinance policy and legal framework.

Dr Monique NSANZABAGANWA sits on a number of Boards, including the National Institute of Statistics of Rwanda where she chairs the Board of Directors, and the Women’s World Banking, a global nonprofit organization that promotes banking solutions for low-income women,   where she is a member of the African Advisory Council. Dr Nsanzabaganwa is also a founding member and chairperson of NFNV (New Faces New Voices) Rwanda Chapter. NFNV is a Pan-African movement that aims at empowering women in finance. Her other responsibilities in the civil society of Rwanda include leading executive work as 1st Vice Chairperson of Unity Club, a non-government organization composed of Rwandan former and current ministers and spouses and chaired by the First Lady of Rwanda. Unity Club objective is to reflect models of unity to inspire community in nation rebuilding and sustainable development.

Dr Monique NSANZABAGANWA is a Fellow of the Harvard University John F. Kennedy School of Government’s Executive Education in Public Financial Management, a Fellow of the Africa Leadership Initiative East Africa and the Aspen Global Leadership Network, and a member of the African Leaders Network, a premier community of dynamic and influential leaders in Africa. 


Board Member


For over 15 years, KYATENGWA Lilian has acquired strong commercial, strategic and financial management, planning and leadership skills in providing leadership and strategic advice in the development and implementation of broad-based management initiatives. She has strong understanding of strategic corporate planning, management principles and practices together with strong performance management and co-ordination skills, academic leadership, research background with strong quantitative and analytical skills. Lilian is currently serving as Chief Strategy Officer at Aviation, Travel & Logistics Holding (ATL) which is comprised of five subsidiaries: RwandAir (the national airline), Airports Company Rwanda Ltd-ACR, Akagera Aviation Ltd (the general aviation and training company), Rwanda Tours & Events Ltd-RTE (as the flagship of the tourism sector) and Rwanda Links Logistics Ltd-RLL (a new cargo and freight handling company). She previously served in various senior management positions at RwandAir which include: Ag. Chief Commercial Officer, Deputy Commercial Director, Director Global Sales Operations, Director Customer Experience; Head Corporate Planning & Strategy, Senior Manager Sales, Senior Regional Manager and Commercial Manager. Prior to joining the Aviation Industry, Lilian served as a Lecturer and Head of the department of Finance at the former School of Finance & Banking (SFB) which is currently under University of Rwanda (UR). As a consultant, Lilian is familiar with the ICT sector in Rwanda having served as Local Economist in the contract with the Rwanda Development Board (RDB), to conduct a Feasibility Study for the Communication Infrastructure Backbone Project. In this contract, ASTRO Systems was responsible for conducting a market analysis and traffic study, business and financial modeling, technical designs and project implementation strategy, evaluation of the regulatory framework, development impact assessment, environmental analysis, and preparation of procurement documents. She has experience in economic policy analysis, and she was designated to serve in this position for all ASTRO Systems projects in Africa. She is familiar with the execution of tasks related to Strategic Management, Economics, Financial, and Commercial aspects. Lilian holds a Bachelor’s Degree in Finance from former Kigali Institute of Science, Technology, and Management now under University of Rwanda; Postgraduate Diploma in Business Management and an MBA in Strategic Management from the University of KwaZulu Natal in South Africa.


Board Member


Mr. Leonard RUGWABIZA is the Chief Economist, Ministry of Finance and Economic Planning since 2015, prior to that Leonard Rugwabiza was the director general for national planning and research at Rwanda's Ministry of Finance and Economic Planning, he spent two years as an economist with the African Development Bank. Earlier, he served in the strategic planning unit of the Ministry of Finance.

He has been instrumental in shaping, strategizing and implementing Rwanda’s economic policies.

Prof. Alfred R. BIZOZA

Board Member


Prof. Alfred R. BIZOZA is the Director of Research in IPAR Rwanda, he has an experience of over 12 years in Research, Consultancy and the Academia fields. Prior to coming on board at IPAR-Rwanda, he was a Senior Research Adviser for the LAND Project funded by USAID and is a Senior Lecturer from the University of Rwanda (Part-time). Prior to the LAND Project, Prof. Bizoza was the Director of the former National University of Rwanda Consultancy Bureau.

Prof. BIZOZA joined Wageningen University in the Netherlands as a PhD candidate in January 2007 and completed his degree in June 2011, while working on his doctorate, he was a visiting scholar at the International Institute of Agriculture (IIA), Michigan State University, USA. He joined former National University of Rwanda in 2004 as an Assistant Lecturer in the Department of Economics and in 2006 he was nominated by the University to launch its Department of Agricultural Economics, for which he served as the first Head of the Department. Prof. Bizoza has published in multiple venues, including two books and articles in more than 25 peer reviewed journals in addition to several papers presented at national and international conferences.

Prof. BIZOZA earned an MSc in agricultural economics at University of KwaZulu-Natal, South Africa. 


Board Member


Ms. Chantal HABIYAKARE is the Chief Internal Auditor of RwandAir Ltd. since August 2011. She holds a Bachelor of commerce in accounting from Concordia University in Montreal Canada and a Post Graduate Degree in Public sector Accounting and Auditing. She is a qualified Chartered Accountant from the Canadian Institute of Certified Public Accountants and the Institute of Certified Public Accountants of Rwanda (ICPAR) with over 15 years’ experience in Auditing and advisory services. She previously held Managerial positions with the following accounting and audit firms: Fuller Landau LLP in Montreal, Canada and KPS Associates in Kigali Rwanda. 

She has a vast experience in financial management, Business Planning, systems reviews, Due Diligence, Corporate and Personal Tax, business management training and auditing, of banks, manufacturing, Aviation, telecommunication, transport, hospitals and NGOs sectors just to name  a few. In her carrier in the public audit sector she has handled numerous high profile clients across all sectors of business. She is fluent in English, French and Kinyarwanda.