Site icon MONEYINAFRICA

Rwanda borrows $86m from European Investment Bank to build first public sewage system

Rwanda targets $86m from EIB to build sewage system

The announcement will be made Tuesday when a delegation from the bank visits Rwanda, led by its director for lending outside Europe, Maria Shaw-Barragan.

Rwanda has struggled to implement a central sewage system; and to date, only a few hotels, hospitals and few small residential areas in Kigali have constructed sewers and waste treatment plants.

This will be the bank’s first public sector investment in Rwanda.

The European Investment Bank (EIB) is expected to announce a loan worth $85.7 million (Rwf73b) to the government of Rwanda, towards supporting construction of the country’s first public sewage system.

The announcement will be made Tuesday when a delegation from the bank visits Rwanda, led by its director for lending outside Europe, Maria Shaw-Barragan.
This will be the bank’s first public sector investment in Rwanda.

“The EIB has significantly increased engagement in Rwanda in recent years and we look forward to strengthened cooperation with Rwanda partners in the years ahead.

“The visit to Kigali marks the start of a new era of EIB support for public sector investment in Rwanda and enhanced support for private sector investment across the country,” Maria Shaw-Barragan, said in a statement.

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.
Exit mobile version