https://www.engineeringnews.co.za

EIB, BRD to provide funds to Rwandan businesses impacted by Covid-19

23rd November 2021

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

New investments by Rwandan companies will benefit from a business financing initiative backed by the Development Bank of Rwanda (BRD) and lending institution the European Investment Bank (EIB).

Rwandan firms are expected to benefit from a €30-million new long-term facility funded by both the EIB through its East Africa Covid-19 Rapid Response facility and BRD’s own capital.

The long-term financing made available under the EIB’s East Africa Covid-19 Rapid Response will complement BRD’s efforts in curbing the impact of Covid-19.

The new targeted financing scheme will include support for companies in sectors most impacted by the trade, economic and health challenges triggered by Covid-19 and aims to unlock investment to accelerate private sector recovery from the pandemic.

Rwandan companies will be able to access long-term loans in Rwandan franc, dollar and euro, with tenors of up to ten years.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.056 0.969s - 122pq - 2rq
Subscribe Now