Rwanda received US$18 million to “Nyacyonga–Mukoto Road Project” from OPEC Fund

 

Rwanda received US$18 million to “Nyacyonga–Mukoto Road Project” from OPEC Fund

Dr. Uzziel NDAGIJIMANA Rwandan Minister of Finance and Economic Planning and OPEC Fund Director-General Abdulhamid Alkhalifa signed an agreement, May 17, 2022 to provide a US$18 million loan to the government of Rwanda to support the “Nyacyonga–Mukoto Road Project”, helping to improve living standards and economic livelihoods in the country. The loan will further contribute to Rwanda’s sustainable development agenda and its efforts to achieve its ambitious 2050 Vision, which sets a strategic direction to lead the country to the living standards of high-income countries by 2050.

 

The Nyacyonga–Mukoto route, currently a 36km gravel road, connects two major national paved roads from the northern part of the capital City of Kigali to the northern provinces. Upgrading the road will increase connectivity, promote economic livelihoods particularly agriculture, agro-industries, mining and tourism sectors.