Rwanda has received seven million Euros (Rwf5.5b) from the German government to finance rural development and create employment opportunities.
Finance minister, Claver Gatete says the funds, which are in form of a grant, will also be used to help to tackle effects of climate change.
Each district has special needs, ranging from water, electricity, roads, and markets. The funds, will thus be channeled through Local Administrative Entities Development Agency (LODA), to finance local projects such as markets, schools and feeder roads in rural Rwanda.
Germany, under its development organization, KFW, has supported Rwanda’s infrastructure development since 2006, at a tune of, Euro 34 million.
The Germany Ambassador to Rwanda, Peter Fahrenholtz, says his country is satisfied by Rwanda’s transparency and the utilization of donor funds.
“This is Germany taxipayers’ money, and I am confident that it will be well spent by Rwanda,” said Fahrenholtz, during the signing ceremony.
