The OPEC Fund for International Development (the OPEC Fund) is supporting sustainable water supply in Rwanda with a new US$21 million loan. The expansion of the Karenge Water Supply System Project will benefit the population of Rwanda’s capital Kigali and surrounding areas in the Rwamagana District.
The OPEC Fund loan complements a US$143.3 financing package provided together with the Abu Dhabi Fund for Development (AFDF), the Saudi Fund for Development (SFD), the Arab Bank for Economic Development in Africa (BADEA) and the Export-Import Bank of Hungary.
OPEC Fund Director-General Abdulhamid Alkhalifa and Rwanda’s Minister of State in charge of Public Investment and Resource Mobilization Jeanine Munyeshuli signed the loan agreement on the sidelines of the Saudi-Arab-African Economic Conference in Riyadh, Saudi Arabia, today.
Source : Zawya