Rwanda Gets US$12M loan For Agriculture

Rwanda has received a US $ 12m loan (est. Rwf 8bn) to help in the improvement of Agricultural activities aimed at increasing agricultural products.

The loan given by World Bank will be used to support various projects like land husbandry, water harvesting and hillside irrigation.

The minister of finance and economic planning John Rwangombwa signed on behalf of the Rwandan government, while Omowunmi Mimi Ladipo on behalf of the World Bank.

Rwanda’s minister of agriculture, Dr. Agnes Kalibata said that the projects aimed at increasing the productivity and commercialisation of hillside agriculture, enhancing food security and the livelihoods of the population.

“These are broad projects. They have been introduced in three districts of Karongi, Nyanza, and Gatsibo, but we have other projects to even help other districts that are facing low productivity due to hilly topography”. Kalibata said.

Omowunmi Ladipo said that Rwanda has had several partnership with World bank in promoting agriculture productivity, adding that this is the 17th financing agreement.

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