https://www.engineeringnews.co.za
Africa|Business|Health
Africa|Business|Health
africa|business|health

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

23rd November 2021

By: Tasneem Bulbulia

Senior Contributing 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 Senior Deputy Editor Online

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th 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:0.117 0.172s - 159pq - 2rq
Subscribe Now