East Africa
Rwanda, on international standards
Kigali works in English and keeps its books under IFRS for SMEs — the framework that lenders and international investors read. It is our door into East Africa, and the only one of our markets whose accounts read without translation from London or Nairobi.
- Quoting currency
- RWF
- Accounting framework
- IFRS for SMEs
- Working language
- English
- Time difference with Paris
- 0 to 1 h
The Rwandan franc. Outside the franc zone, like the kwanza.
Not an imposed chart of accounts: a presentation framework.
The language of business and of government.
Kigali is an hour ahead in winter, level with Paris in summer.
What the framework changes
SYSCOHADA and the Angolan PGC impose a numbered chart of accounts: the class states the nature of the entry. IFRS for SMEs does not work that way — it is a PRESENTATION framework, which says what the financial statements must look like without imposing the accounts that produce them. For management software the difference runs deep: it calls for a configurable chart and an explicit mapping from each account to its line in the statements.
Who you contract with
Being incorporatedThe Rwandan company is being incorporated. Until it is registered, our French entity issues the quote, signs the contract and invoices — in RWF, with no exchange costs on your side.
- Who invoices
- The Polman Technology Services
- Invoice currency
- RWF
- Governing law
- French law
- Contract language
- French; English version to be produced
Our contracts exist in French only today: that is the groundwork before any signature here.
What we do there
Bespoke work, in English
The site and Konseo’s screens already exist in both languages: English is not a translation bolted on afterwards.
Konseo, under IFRS for SMEs
The software’s third accounting framework. It too awaits sign-off from a local chartered accountant.
Hosting and upkeep
Go-live, backups, security patches. And a markedly more reliable network than elsewhere in the region.
Konseo keeps IFRS for SMEs accounts — a free chart of accounts, financial statements in the formats lenders expect.
See the screensA project in Rwanda?
Write to us in English: the reply, the quote in RWF and the paperwork will follow in the same language.