Rwanda, Germany Sign €52 Million Deal for Green Urban Development, SMEs

Rwanda has secured a 52.108 million euros (approximately Rwf53 billion) grant from Germany aimed at supporting sustainable urban development, decentralization and the promotion of growth and export- oriented SMEs.

The financing deal was inked Tuesday by Rwanda's Minister of Finance and Economic Planning Uzziel Ndagijimana and Thomas Kurz the ambassador of Germany to Rwanda.

Under the agreement, €20 million will be allocated to green development in the city of Kigali, €18 million will go towards decentralization and good governance, while € 14.1 million will be allotted towards promotion of Growth and Export oriented SMEs.

According to information from the Ministry of Finance and Economic Planning, the financing agreement will contribute to implementation of the government of Rwanda's priority areas, such as, employment creation, green growth which will contribute to the achievement of the country's long term development goals.

Cooperation between Rwanda and Germany focuses on decentralization and good Governance, TVET, private sector development including export finance, green urban development as well as improved access to energy and digitalisation.

See What Everyone is Watching

More From: New Times

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.