A Step Ahead Towards Africa: Deriv Chooses Rwanda

In line with the vision of becoming a truly global fintech entity, Deriv has now extended its footprint to Africa by opening a new office in Rwanda.

A Mission of Growth Through Diversity

A central part of Deriv’s global expansion plan is to encourage diversity in its teams and support the economic growth of the regions in which it operates.

The company already employs over 500 people from more than 45 countries worldwide, and it now looks forward to recruiting and nurturing young talents from across Africa who are keen to get involved in the fintech industry.

“We take pride in our commitment to ensuring equal opportunities for all through hugely diverse teams, not just in terms of ethnicity but also in terms of skills. This is what has helped us offer just the right support to local clients and establish a strong footprint in every region to which we have expanded,” states Head of Human Resources, Shyamala Siva.

Deriv’s Rwanda Office

The company established its office at Kigali Heights, a world class office complex in the heart of Kimihurura. The complex includes Class A office spaces spread across 12,750 sq.m.

Kimihurura is among the most highly developed areas of Kigali and centrally located, surrounded by some of the biggest names in retail and hospitality.

The African branch will reach a total staff count of 58, across different tech and non-tech departments, including: customer service, front end, website and business development

The financial markets across Africa are extremely promising at present, and Deriv believes this is a great time to put down roots in this rising country.

Why Rwanda?

According to Rwanda Finance LTD’s latest report, Rwanda ranks as the 2^nd country in Africa for ease of doing business, and at the same place for being among the top-3 most competitive economies in Africa.

One of the key reasons that led Deriv to choose Rwanda was indeed the flexibility this country offers, along with its inherent safety. In fact, the nation scores #38 globally for the ease of doing business according to the last World Bank report. The nation has also achieved significant progress on issues such as reliability of power supply and enforcing contracts.

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading boomed in 2020, with a 477% rise across the continent in the four months leading to June 2020.

Nigeria and South Africa are the two largest markets in Africa, although Rwanda, Tanzania, Kenya, Namibia, Botswana and Angola have also seen a huge surge in retail trader interest.

About us

Deriv.com is an online trading service provider offering a comprehensive suite of products with flexible pricing, where its customers can trade currencies, indices, commodities, and volatility indices 24/7. Committed to customer satisfaction and high ethical standards, the company delivers quality products and services with integrity.

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.