Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, has signed an agreement with the Government of Rwanda to finance the Rambura – Nyange section of the Rubengera- Muhanga road project. The concessionary loan is valued at US$15 million.
The road rehabilitation project covers 61 kilometers, connecting the country’s Southern and Western Provinces. The scope of works includes road repairs, expanding the width of the road from 6 meters to 7.5 meters, adding shoulders and rebuilding water drains.
ADFD provides a loan for a 22-km road section between the towns of Rambura and Nyange. The financed road project will support Rwanda government’s strategic transportation infrastructure development program.
Country updates
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May 20, 2021
TDB to provide financing for hospital PPP project in Rwanda
The Eastern and Southern African Trade and Development Bank (TDB) has agreed to provide the financing for the expansion of Kigali’s King Faisal Hospital (KFH)’s outpatient facilities....
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February 27, 2020
EIB signs financing grant for 147 MW Ruzizi III HPP project in Africa
The European Investment Bank (EIB) has entered into an agreement with the Democratic Republic of Congo, Burundi, and Rwanda for the EUR9.1 million (US$9.89 million) grant for the Ruzizi III...
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December 12, 2019
Qatar airways to buy 60% stake in Rwanda International airport
Qatar Airways agreed to buy a 60% stake in Rwanda International Airport from the Rwanda Development Board. Rwanda International Airport is located in the Bugesera district, about 25 km away from...
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December 02, 2019
RFQ launched for ferry services on Lake Kivu
Rwanda Transport Development Agency (RTDA) has launched a request for qualification seeking a private partner to develop ferry service on Lake Kivu. Lake Kivu is one of the biggest African lakes&...
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August 05, 2019
IPS, SN Power awarded 147 MW Ruzizi III hydropower project
The governments of Burundi, the Democratic Republic of Congo (DRC) and Rwanda have signed an agreement with IPS, the industrial and infrastructure development arm of the Aga Khan Fund for Ec...
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