China pledges USD25m more to Rwanda
RWANDABy BiztechAfrica - Sept. 11, 2012, 12:20 p.m.
China has pledged additional grants and loans to Rwanda, during a visit to China by the Rwandan President.
President Paul Kagame was received by China's Prime Minister, Wen Jiabao at his guest house for a courtesy call and discussion on bilateral relations in his hometown of Tianjin. With over 200 million dollars invested in Rwanda and over 200 jobs created, the Chinese government currently supports Rwanda in infrastructure, health, agriculture, ICT and education sectors.
The bilateral meeting was attended by Rwanda's Ambassador to China, Francois Ngarambe, Minister of Finance, John Rwangombwa and acting CEO of RDB, Clare Akamanzi. The discussion between the two Heads of States expressed their satisfaction with the current cooperation between nations. “The two leaders committed to ensuring that the current relationship remains one that is mutually beneficial for both the people of Rwanda and China,” Ambassador Ngarambe explained.
Both leaders pledged to continue strengthening bilateral cooperation with China pledging an additional USD25 million in grants and interest free loans. In a clear example of commitment to bilateral cooperation, China committed to removing tariffs for all Rwandan exports beginning in 2013.
Regarding the situation in Eastern Democratic Republic of Congo, the Prime Minister also expressed his support for a peaceful process in the region.
China's cooperation with Rwanda has continuously grown stronger and is likely to increase in the future as China continues to invest in areas that contribute to the economic growth and transformation of Rwanda.
MORE RWANDA NEWS
YouthConnekt Hangout scoops UNDP innovation awardRwanda’s YouthConnekt Hangout has won the first prize at the UNDP Regional Bureau for Africa's innovation fair. Read More
Rwanda gets RwandapediaRwanda has launched its Rwandapedia – a digital archive of cultural and historical information. Read More
ITU Telecom World 2013 sets agenda for change in ICT sectorITU Telecom World 2013 wrapped up this week following a packed programme of networking, knowledge sharing and industry showcasing. Read More
YouthConnekt Hangout launched in RwandaRwandan youth now have access to a series of Google+ Hangout sessions called YouthConnekt Hangout, enabling them to contribute to the country's development agenda. Read More
OLPC head visits RwandaThe Head of One Laptop Per Child has met President Paul Kagame after the Transform Africa summit. Read More
Skills development in the spotlight at Transform AfricaCarnegie Mellon University will lead discussions on the need for a highly skilled workforce at the Transform Africa Summit in Rwanda this week. Read More
Heads of state in Rwanda for 3rd infrastructure summitRwanda this week hosts the third infrastructure summit for Rwanda, Kenya, Uganda and South Sudan. Read More
Rwanda readies for continental ICT and Innovation SummitRwanda will host the Transform Africa 2013 Summit from 28 to 31 October 2013. Read More
Steady climb in Rwandan mobile penetrationRwanda’s mobile subscriber numbers now top 6.7 million, for a mobile penetration of 63.7%. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHCorporate cyber security threats of the year
91% of organisations polled suffered a cyber-attack at least once in the past year, says Kaspersky Lab in its security review of 2013.
COMPANY NEWSVMware announces general availability of latest VMware cloud management solutions
VMware has announced the general availability of new and updated offerings to the industry’s leading portfolio of management solutions purpose-built for the cloud era.