Africa's rising stars: Kampeta Sayinzoga, permanent secretary to the ministry of finance and economic planning, and secretary to the Treasury, government of Rwanda
Kampeta Sayinzoga was an interesting addition to the Rwandan ministry of finance when she joined the senior and experienced team in 2009 at just 27.
However, she has done anything but shy away from her position within the ministry. Sayinzoga is making waves, pushing forward with the government’s target to develop the capital markets and push for economic growth in Rwanda.
She worked on Rwanda’s first IPO in 2010 – the sale of the 25% stake in Rwandan brewery company Bralirwa, which was owned by the government.
The sale has set a precedent for the country’s privatization process through the equity capital markets, as the government continues to divest its interest in some of Rwanda’s largest companies. Taking advantage of a window of opportunity last year – before the dreaded announcement of Fed tapering – Sayinzoga and her team successfully issued the sovereign’s first Eurobond on April 25, 2013.
The $400 million Eurobond was sold at a yield of 6.875% – the bottom of the indicated range – and was more than 8.5 times oversubscribed; a landmark deal for Rwanda.
“Working closely with Kampeta on Rwanda’s debut international bond, it’s obvious that she’s very smart,” says Rajiv Shah, head of DCM Africa for BNP Paribas, one of the banks that worked on the deal.
“Her humble demeanour charmed investors on the roadshow and despite being her first experience with the international bond markets, she led her team through the entire process efficiently and calmly. There’s no doubt in my mind that she will go far.”