Israel, Rwanda think of opening mutual embassies

Monday September 24, 2018 – Friday September 28, 2018

Diplomatic

President Paul Kagame and Israeli Prime Minister Benjamin Netanyahu ponder establishing embassies, on the side-lines of the United Nations 73rd General Assembly. The two leaders briefly spoke during the General Assembly.
 
Political

Rwanda’s main opposition figure, Victoire Ingabire, alongside other ‘political prisoners’ was released prison, but vowed to fight on for free speech and human rights. President Paul Kagame has urged Ingabire to be ‘grateful’ and modest.
 
 Economic

The Government of Rwanda and Japan International cooperation Agency (JICA) have signed a financing agreement worth USD 24 million to support the third phase of rehabilitation of substations and electricity distribution network. Yet, the World Bank Board is expected to approve a USD 150 million long-term credit line to finance Rwanda’s housing needs, while the government expects an additional USD 150 million from the International Finance Corporation (IFC) and India Housing Bank.
 
Additionally, the Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, have signed a financing agreement worth EUR 42 million, approximately FRW 42.2 billion. The grant agreement will support decentralization and good governance, the reform of Public Finance Management, technical and vocational training as well as financial support to Rwanda’s Green Fund (FONERWA).
 
The government of Rwanda has partnered with Yale University on Environmental Conservation. Swedish International Development Cooperation Agency (SIDA) has signed a USD 20 million (RWF 17.6 billion) guarantee with Rwanda Development Bank (BRD) to support renewable energy businesses. Rwanda’s central bank has maintained the lending rate at 5.5 per cent, citing the need to further stimulate banks’ lending to the private sector.

Monday September 24, 2018 – Friday September 28, 2018

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