East Africa’s ambitious standard gauge railway line linking the port of Mombasa to the landlocked countries in the region has fallen behind schedule largely due to financing constraints, doubts over its economic viability, the cost of construction and indecisiveness on the part of some partner states to build their respective …
Read More »African Development Bank and Rwanda Sign financing agreements worth €115 million for water projects
Kigali, Rwanda, 16 January 2019 – The African Development Bank (AfDB) has signed financing agreements worth €115 million with the Government of Rwanda to support the Rwanda Sustainable Water Supply and Sanitation Programme as additional financing. The funding, which comprises €114.27 million from the AfDB window and €0.8 million from …
Read More »African Water Facility has raised €1.4 billion and funded 117 projects in 52 African countries
Abidjan, Cote d’Ivoire, 17 December 2018 – The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The Facility has also funded 117 national and regional projects in 52 countries, including transition states, since it began operations …
Read More »20,000 reflectors soon installed on the roads of Kigali City
In order to improve the safety on the roads of the country and to limit the number of accidents caused by skidding, 20 thousands ( 20,000)reflectors will be soon installed on the main roads of Kigali City thus adding to those already existing. While new roads are created day by …
Read More »Uganda secures oil refinery deal, following African Legal Support Facility interventions
Entebbe, Uganda, April 12, 2018 — With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a US $4-billion refinery in the country’s Hoima district. The project will be a …
Read More »EAC Heads of State Retreat to discuss on Infrastructure and Health financing
The Joint EAC Heads of State Retreat on Infrastructure and Health Financing and Development that will take place in Kampala on 22nd February this year brings together two events namely the 4th EAC Heads of State Retreat on Infrastructure Financing and Development and the 1st EAC Summit on Investment in …
Read More »Rwanda, Tanzania finance ministers meet over joint railway financing
Ministers of Finance of Tanzania, Dr Philip Isidore Mpango) and his Rwanda countpart, Amb.Claver Gatete, have met in Dar on Monday to discuss the financing mechanism of the joint 521KM Isaka-Kigali Standard Gauge Railway( SGR) project which is estimated to cost $2.5 billion. The two countries have agreed to lay …
Read More »VW to produce its first car in Rwanda within May 2018
While everything seems ready for the German automobile company “Volkswagen” (VW) to make up the first vehicles in Rwanda, the company “Awesomely Lab”, experienced in the programming of mobile phones and websites just won the market launched by VW to facilitate the use of its vehicles by a huge market. …
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