Rwanda has just signed some financial agreements with France, reflecting a thaw of tensions between the two nations. The African country will receive $56 million from the French Development Agency to deal with the challenges in this difficult global context.
The first agreement, consisting of a $45 million loan, will be used to combat the coronavirus pandemic and its impacts on the economy. A grant of $2.2 million will support vulnerable families and the action of the Rwandan Red Cross.
Another agreement worth $6.5 million will subsidize the development of the country's vocational training system to promote youth employment through the Integrated Polytechnic Regional Centers (IPRCs). Finally, nearly $2 million will be used to provide technical assistance to Rwanda's Polytechnic School.
According to Rémy Rioux, MD of AFD, these agreements “are part of a dynamic to revive the partnership” between Rwanda and France. Relations between the two countries have been tumultuous, to say the least, in recent years due to Paris' supposed role in the Rwandan genocide in 1994. In 2006, following an arrest warrant issued by Judge Jean-Louis Bruguière against relatives of President Paul Kagame, Kigali broke off relations with France. Although efforts to bring the two countries together have been made since then, it should be noted that France has not had official diplomatic representation in the East African country since 2015.
According to Uzziel Ndagijimana, Rwandan Minister of Finance and Economic Planning, the signing of these agreements marks the “beginning of a much stronger collaboration between the two countries,” adding that other collaborative projects in the sectors of energy, education and digital technologies are planned.
As a reminder, it was only in June 2020 during a visit by Rémy Rioux to Kigali that AFD resumed its collaboration with Rwanda; collaborations that had been suspended since 1992.
Moutiou Adjibi Nourou
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
Cameroon wins gold at 2026 Cacao of Excellence Awards Top sample selected from 191 entries worldwide Award boosts position in premium “fine flavour”...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private investment Progress slowed amid coordination,...
In 2025, the development of the Kamoa-Kakula copper complex, the largest in the Democratic Republic of the Congo (DRC), was marked by two major events: a...
DR Congo bans South African livestock imports over FMD Measure suspends permits for animals and animal products South Africa ramps up vaccination,...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...