Rwanda signs $300m loan deals with China, India

Paul Kagame, Rwandan President

Rwanda signed loan agreements worth more than $300 million with China and India to fund roads and irrigation, officials said, as leaders from the two Asian powers made their first visits to the East African nation.

Chinese President Xi Jinping was in Rwanda for a state visit from Sunday to Monday and granted a loan to build two roads.

India’s Prime Minister Narendra Modi arrived on Monday on the way to a summit in South Africa and agreed
$200 million in loans.

“With India we signed a loan of 100 million dollars for irrigation in three separate areas in the country
and 100 million dollars for developing special economic zones,” Rwanda’s minister of finance
Uzziel Ndagijimana told Reuters.

“With China we signed a loan agreement of 76 million dollars for the road from Huye to Kibeho and for the new
Bugesera airport access road it is 50 million dollars,” Mr Ndagijimana said.

(Reuters/NAN)

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