Joe Ritchie, who was the first CEO of Rwanda Development Board (RDB), died in the U.S at the age of 75.
Ritchie’s death, an American businessman and presidential advisor, which was announced on Tuesday, February 22.
Joe Ritchie’s passing follows that of Dr. Paul Farmer, another American physician and philanthropist who died on Monday, February 21, 2022.
Joe Ritchie, was also a member of the Presidential Advisory Council (PAC), which he had co-chaired since 2007 and a close friend of President Paul Kagame.
Coincidentally, Joe Ritchie and Dr. Farmer were both recognised President Paul Kagame, who awarded them with the country’s highest medal of honour ‘Igihango’ for their contribution to the country’s development.
Joseph Ritchie (born 1947) made a name as an options and commodities trader who became an international businessman, presidential advisor, serial entrepreneur, aviator and father of ten. In 1977 he founded Chicago Research and Trading (CRT) and currently serves as the head of Fox River Partners. According to BusinessWeek, “Ritchie is widely acknowledged to be one of the sharpest minds in the options business.
Ritchie’s businesses reach worldwide, with joint ventures in Russia in the early 1990s and companies in Japan beginning in the early 2000s. He was also involved in country development with foreign policy in Afghanistan in the late 1990s and economic development in Rwanda as the former CEO of the Rwandan Development Board up until the end of 2009.
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