12 °c
London
Sunday, August 14, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Finance

France commits €200M in Rwanda in 2 years

Taarifa Rwanda by Taarifa Rwanda
April 4, 2022
in Africa, Finance, Rwanda
Reading Time: 3 mins read
802 60
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Rémy RIOUX, the CEO of French Development Agency (AFD) is in Rwanda for the 4th time since June 2019.

On this occasion, AFD Group will officially unveil its new country offices and sign a number of agreements, including one for allocating €200 million in the next two.

His visit highlights AFD’s contribution to the deepening of the relationship between France and Rwanda following the mutual commitment made by President Paul Kagame and French President Emmanuel Macron to reinforce the cooperation between the two countries in a wide range of sectors.

First, AFD Group now physically present in Rwanda, and will see quick execution of strategic agreements following the presidential visit in May 2021.

AFD’s offices in Kigali has been innaugurated.

Also read: Rwanda exported tea worth U$1,4 million last week

The action of AFD Group in Rwanda for 2022-2023 revolves around three pillars, in addition to the crosscutting theme of sport: human capital (health; education and vocational training; sustainable economic development, local development and access to basic services.

Since 2019, AFD has committed €218 million in Rwanda. The physical presence of AFD Group in Kigali will enable the group to further strengthen the ties with its Rwandan partners, as AFD will be allocating €200 million in the next two years, which will add to the funding operated by the French Treasury and the French Embassy.

Rwanda has agreed to see a successful implementation of the agreement and AFD Group will facilitate the creation of a favourable environment for Expertise France – which is already active in the health and education sectors – to develop its activities as well as for Proparco to provide direct funding to companies operating in the country.

During his visit, Mr. RIOUX is exploring future partnership opportunities in the areas of education/vocational training, digital tech and innovation, green finance as well as sport and development, launch the National Plan for the teaching and learning of French, a deal signed today morning.

Also read: Rwanda to impose tax on Netflix viewers

Also, two specific agreements were signed with BRD and the Ministry of Health. And partnership agreement with AFD’s long-standing partner, BRD is part of the deal.

The objective of the partnership agreement is to identify areas of cooperation between the two public development banks for the next 5 years.

They will explore collaboration in terms of green finance as well as new sectors, such as the mainstreaming of gender in their respective activities or sectors that have a high potential for growth and creation of decent jobs (i.e. digital, cultural and creative industries, sports etc.).

The agreement intends to foster knowledge and peer-to-peer exchanges. The two institutions will explore exchange of staff with a focus on skills transfers and knowledge sharing.

Finally, AFD will sponsor BRD’s application to the International Development Finance Club (IDFC), a network of 26 national, regional and bilateral development banks that are working together to implement the Sustainable Development Goals and the Paris Agreement Agendas.

Also read: Rwanda & KOKO signs US$25M to establish renewable cooking fuel utility

BRD and AFD will collaborate in the Framework of Finance in Common Summit (FICS), the global forum gathering all public development banks, and strive to keep it a dynamic coalition.

Another MoU is planned to be signed with the Ministry of Health. The objective of this MOU is to identify areas of cooperation between the two parties.

To enhance the Rwanda-French cooperation, the Ministry of Health and AFD Group will in turn commit to further their collaboration in the health sector.

Such cooperation should lead towards concrete projects such as the rehabilitation of the Musanze hospital, support to vaccine production, training of health human resources with peer-to-peer exchanges between health facilities and research institutions in France and Rwanda.

Related

Source: Taarifa Rwanda
Tags: AFDAFD Groupcooperationdigital techEducationFinanceFrance commits €200M in Rwanda in 2 yearsFrench Development Agencygreen financeHealthHuman CapitalIDFCInternational Development Finance ClubMusanze hospitalPresident Emmanuel MacronPresident Paul KagameRémy RiouxRwandaSportsSustainable Development Goalssustainable economic developmenруандаروانداルワンダ卢旺达
ScanSendShare345Tweet216Share60Pin78Send
Taarifa Rwanda

Taarifa Rwanda

Taarifa is a Rwandan news media house established to play a role in shaping the global agenda through telling Africa’s true stories by delivering quick, in-depth and exclusive news on issues and events affecting Africa’s political, economic and social landscape.

Related Posts

South Africa's trade surplus
Telecom

South Africa gets another unsolicited bid for a Telkom deal

by FurtherAfrica
August 14, 2022
Development

Ethiopia completes third phase of filling giant Nile dam

by FurtherAfrica
August 14, 2022
Discover Falcon Golf Club, secret jewel on Rwanda lake Muhazi shores
Travel

MSGBC Oil, Gas & Power launches Golf Tournament

by Energy Capital & Power
August 14, 2022
Travel

Affordable hotels in Maasai Mara for international budget travelers

by See Africa Today
August 14, 2022
Travel

10 Festivals worth catching a flight for

by See Africa Today
August 14, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

South Africa's trade surplus
Telecom

South Africa gets another unsolicited bid for a Telkom deal

by FurtherAfrica
August 14, 2022
0

The South African government received an unsolicited bid for its 40.5% stake in Telkom SA SOC Ltd., following an announcement...

Read more

Ethiopia completes third phase of filling giant Nile dam

August 14, 2022
Discover Falcon Golf Club, secret jewel on Rwanda lake Muhazi shores

MSGBC Oil, Gas & Power launches Golf Tournament

August 14, 2022

Affordable hotels in Maasai Mara for international budget travelers

August 14, 2022

10 Festivals worth catching a flight for

August 14, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,391 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?