BADEA supports Rural Electrification Project in Nyamagabe and Nyaruguru Districts in Rwanda
BADEA supports Rural Electrification Project in  Nyamagabe and Nyaruguru Districts in  Rwanda BADEA supports Rural Electrification Project in Nyamagabe and Nyaruguru Districts in Rwanda with US $ 20 million

BADEA supports Rural Electrification Project in Nyamagabe and Nyaruguru Districts in Rwanda

Kigali, Rwanda– The Arab Bank for Economic Development in Africa – (BADEA) and the Republic of Rwanda have signed, Wednesday, 06 March 2019, in Kigali, a loan agreement worth US $ 20 million to help finance Rural Electrification Project in Nyamagabe and Nyaruguru Districts.

The signature took place on the sidelines of the Board of Directors meeting in Kigali.

This project covers supply and construction of distribution networks and meters and service cables to connect houses, commercial and public centers in Nyaruguru and Nyamagabe Districts.

The total number of people benefiting from the project is estimated at about 156,000.

Therefore, the access rate to electricity in the project areas is expected to increase from 33% currently to about 52%.

H.E. Eng. Yousif Bin Ibrahim AL BASSAM, Chairman of the Board of Directors has signed on behalf of BADEA, while Hon.

Dr Uzziel Ndagijimana, Minister of Finance and Economic Planning, has signed for the Republic of Rwanda.

With his new loan, the total commitments of BADEA to the Republic of RWANDA will amount to around US $ 190 million.

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