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
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...
COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...
The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...
Five-month “Tech for Growth” program to train over 1,500 participants Initiative combines in-person workshops and online learning via MTN Skills...
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group formed to draft national e-commerce strategy for...
Cameroon submits bill to ratify air transport deal with Qatar signed in January Agreement to boost connectivity, attract Qatar Airways, and cut...
AJN Resources to raise C$3M via private placement for African exploration Funds to support lithium in DRC, gold in Ethiopia, and possible...
Mali holds meeting to unify government communication amid rising disinformation threats Ministers urged to adopt coordinated, credible messaging as...
Benin to host first Cotonou Comedy Festival from December 1-6, 2025 Event includes performances, masterclasses, and global comedian...