https://www.engineeringnews.co.za

Rwanda signs $300m in loan deals with China, India

24th July 2018

By: Reuters

  

Font size: - +

Rwanda signed loan agreements worth more than $300-million with China and India to fund roads and irrigation, officials said, as leaders from the two Asian powers made their first visits to the East African nation.

Chinese President Xi Jinping visited Rwanda from Sunday to Monday and granted a loan to build two roads. India's Prime Minister Narendra Modi arrived on Monday on the way to a summit in South Africa and agreed $200-million in loans.

"With India we signed a loan of $100-million for irrigation in three separate areas in the country and $100-million for developing special economic zones," Rwanda’s minister of finance Uzziel Ndagijimana told Reuters.

"With China we signed a loan agreement of $76-million for the road from Huye to Kibeho and for the new Bugesera airport access road it is $50-million," Ndagijimana said.

Edited by Reuters

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer
Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.142 0.194s - 157pq - 2rq
Subscribe Now