Rwanda and Poland through its Development Bank (BGK) have signed a financing agreement EUR 23million (Rwf 29 billion) to support the dairy sector. The agreement marks the first sovereign financing…
international banks
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The African Development Bank biannual report has shown that Rwanda’s economy is projected to grow at 7.8 percent in 2023 and 8.1 percent in 2024 among five pre-Covid-19 best performing…
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Rwanda has got from the World Bank $ 30 million that will be injected in the continued vaccination plan of reaching 60% of the population in 2022. The financing agreement…
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Economy
Rwanda Among Countries in Good Economic Recovery Trend – IMF Report
by Daniel Sabiiti 8:49 pmSub-Saharan Africa’s economic growth is set to recover in 2021 but the path to overcoming the long-lasting effects of COVID-19 pandemic will be difficult unless vaccination is given priority, International…
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Economy
Canada, AfDB Sign CAD 133 Million Gender Lens Climate Fund for Africa
by Marcellin Gasana 4:02 pmThe Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans…
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Rwanda’s Minister of Finance said last week, that the Covid-19 crisis compelled the government to borrow more money which has moved the country’s status from low risk to moderate risk,…
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President Kagame has given his full support to the re-elected President of the African Development Bank (AfDB), Dr. Akinwumi A. Adesina, saying that the continent will rally behind him to…
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African Development Bank will this week hold a virtual annual meeting with the election of its President on top of the two-day agenda. The meeting is scheduled to take place…
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Economy
IMF Approves $111.06 Additional Funding for Rwanda to Deal with COVID-19 Impact
by Edmund Kagire 11:26 pmRwanda will get an additional $111.06 funding from the International Monetary Fund (IMF) to support the country’s economic recovery efforts following the impact of the New Coronavirus impact on the…
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Rwanda has signed the ratification of the Africa Finance Corporation (AFC) agreement becoming the newest member in Africa to enter the continental infrastructure financing deal. Rwanda parliament today voted for…
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The former President of the African Development Bank (AfDB) and Chairman of the Global Fund board, Dr Donald Kaberuka has described the argument of Africa drowning into debt, particularly Chinese…
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International
EAC, COMESA, ECOWAS Launch Platform to Link African Women Entrepreneurs
by Edmund Kagire 8:34 amThe launch of the 50 Million African Women Speak Networking Platform to provide African women entrepreneurs with access to information on financial and non-financial services will be vital for the…