The Lower House on June 7, approved a law ratifying a €200m (approx. Rwf280 billion) loan agreement that Rwanda signed with JPMorgan Chase's London branch, to support the country's sustainable financing framework for green and social projects.
The Lower House on June 7, approved a law ratifying a €200m loan agreement that Rwanda signed with JPMorgan Chase's London branch, to support the country's sustainable financing framework for green and social projects.Richard Tusabe, the Minister of State in charge of the National Treasury at the Ministry of Finance and Economic Planning, said that one of the government's medium-term strategies is to look for means to back Rwanda 's efforts to be resilient to climate change.
The €180 million of the loan covered by security from ADF will be repaid within 10 years that are counted after five years , at 1.3 per cent interest rate per year plus an interest rate charged among European banks in a period of six months, Tusabe pointed out. The funds were mobilised to endorse the programme and will play a role in the implementation of the national programme to deal with climate change and promote the environment.There was a problem processing your submission. Please try again later.
News Politics Economy Trade Business Sports Current Events Travel Rwanda Economy Business And Finance East Africa Central Africa
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rwanda: University of Rwanda Researchers Study Feasibility of Turning Rwanda's Fuel Taxi Motorcycles Into ElectricResearchers from University of Rwanda's College of Science and Technology (CST) are investigating the feasibility of transitioning thousands of fuel-powered taxi motorcycles into electric as one way of providing e-mobility solutions.
Read more »
Rwanda: 'Rwanda Creates 1.3M Jobs, Doubles Export'Rwanda's exports more than doubled from slightly over $1 billion in 2017 to more than $2.4 billion in 2023, while the country created more than 1.37 million jobs under the National Strategy for Transformation (NST1), according to Prime Minister Edouard Ngirente.
Read more »
Rwanda: In Rwanda, Criticism Is Not WelcomePress Release - Four Human Rights Watch Researchers Denied Access Over 16 Years
Read more »
Rwanda: Over 670 Candidates Vie for Seats in Rwanda's ParliamentThe 2024 elections, scheduled for July, have attracted 675 aspirants for parliamentary seats in the Lower House. These include 400 candidates from political parties and 275 candidates in special interest groups, including women, youth, and people with disabilities, according to the National Electoral Commission.
Read more »
Rwanda: Fish Production Surges As Rwanda Restores Two LakesFish production in Cyohoha Lake in the Mayange, Mareba, and Ngeruka sectors of Bugesera district, as well as Kibare Lake in Kayonza District, has significantly increased following extensive restoration efforts.
Read more »
Rwanda: Philanthropist Eudoxie Bridges Reveals Plans to Visit Rwanda With Husband LudacrisGabonese author and philanthropist Eudoxie Mbouguiengue Bridges has said that she would love to be with her husband and rapper Ludacris and their children when she comes back to visit Rwanda.
Read more »