Africa Cooperation Development Economy Governance Government Rwanda SME

Rwanda signs €52M with Germany to support SMEs, development

Rwanda and Germany have signed a financing agreement worth €52.108 million (Rwf53 billion) to support Sustainable Urban Development, Decentralization and the Promotion of Growth and Export-oriented SMEs.

The Minister of Finance and Economic Planning, Dr Uzziel Ndagijimana, and the Ambassador of the Federal Republic of Germany to Rwanda, Dr Thomas Kurz, signed the agreement.

The grant agreement will support the Green City Kigali, a Sustainable Urban Development initiative (with additional €20 million), Decentralization and Good Governance (with additional €18 million) as well as the Promotion of Growth and Export oriented SMEs (with additional €14.1 million).

The financing agreement, according to a statement from the embassy, will contribute towards Government of Rwanda priority areas such as Decentralization/Good Governance, Employment Creation as well as Green Development which will contribute to the achievement of Rwanda’s long term development goals.

The sustained development cooperation as well as the current agreement illustrate th relations shared by Germany and Rwanda.

Within their Development Cooperation, Rwanda and Germany focus on Decentralization and Good Governance, TVET, Private Sector Development including export finance, Green Urban Development as well as improved access to energy and digitalization.

Source: Taarifa

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: