NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, April 22, 2013

The African Development Bank (AfDB) is contributing $38 million to boost entrepreneurship and job creation in Rwanda.

This is after the Tuni-based lender and the government of Rwanda, on April 16 signed financing agreements amounting to UA 25.61 million ($38 million) for a skills, employability and entrepreneurship programme.

The AfDB in a statement two days later, explained its support comprised a grant of UA17.19 million ($25.3 million) and a loan of UA 8.42 million ($12,623,264), adding that it will finance Rwanda’s financial year 2012-2013 budget.