RWANDA: AfDB finances electrification of 77,400 homes with a $180 million loan

The African Development Bank (AfDB) Group has announced the release of $180 million to Rwanda. This is a loan to finance a project to electrify rural areas, mainly in the south of the country.

Of the $180 million in financing granted to Rwanda, $140 million represents a loan from the African Development Bank’s (AfDB) sovereign window. The other $40 million is from the Growing Together in Africa Fund, a $2 billion facility funded by the People’s Bank of China (PBC) and administered by the AfDB.

The funding is for the implementation of the Transmission System Strengthening and Last Mile Connection Project (TSRLMC). This project aims to increase access to electricity in rural areas of Rwanda. It is part of the Rwanda Universal Electricity Access Program (RUEAP) which will be implemented until 2024.

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