Metalgalante S.p.A.
MSC Mediterranean Shipping Company
CAF Data Centre Industry Outlook
Car Mix

twitter Facebook Linkedin acp Contact Us

Saudi fund boost for Burundi-Rwanda road

The total length of the multinational Burundi-Rwanda Road is 265.7km, with 185km on Rwandan side. (Image source: cogdogblog/Flickr)

The Saudi Fund for Development has sanctioned an amount of US$13mn for construction of the Burundi-Rwanda Kivu Belt Multinational Road

Rwandan ministry sources have revealed that the country's government had signed the financing agreement with the Saudi Fund for Development last week, providing a major boost to the road project.

The agreement was signed on the sidelines of the World Bank and International Monitory Fund Annual Meeting in Tokyo by the Rwandan minister of finance and economic planning, John Rwangombwa, and the vice-chairman and managing director of the Saudi Fund For Development, Yousef Ibn Ibrahim Al-Bassam.

The money was pledged by the Saudi Fund during a fundraising project to co-finance Lot 6, the Rubengera-Gasiza portion of the Kivu Belt Multinational Road, during the Ninth Government of Rwanda Development Partners Meeting in November 2010.

The total length of the multinational Burundi-Rwanda Road is 265.7km, with 185km on Rwandan side and expected to cost about US$350mn. According to Minecofin and the Saudi Fund financing, the mobilisation of the funding has now been concluded.

Other contributors funding portions of the road includes the government of Rwanda, Kuwait Fund For Arab Economic Development, the OPEC Fund for International Development and the Arab Bank for Economic Development in Africa.

The design studies were completed in 2008 by Saudi International and construction work started on portions of the road in 2010 with funding from the African Development Bank.

The Rwanda ministry of finance and economic planning said that when completed the multinational road would promote regional integration, contribute to trade and provide easier access to the land-locked countries to the sea ports.

The road will also increase the potential for tourism and fisheries on Lake Tanganyika and Lake Kivu, the ministry added.

African Review

Most Read

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Latest news

The HQ is expected to be completed and handed over by February 2025. (Image source: ECOWAS)

Africa’s share of global manufacturing only sits at around 2% today. (Image source: Adobe Stock)

There are numerous but not insurmountable challenges facing Africa's aviation sector, according to IATA. (Image source: Adobe Stock)

Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)

The quality design and manufacture of SEW-EURODRIVE South Africa’s panels and enclosures can be suited to any customer requirement wall mounts. (Image source: SEW-EURODRIVE)

African countries will require over US$45bn in the coming eight years to plug the gap in its transmission systems. (Image source: Synergy Consulting)

BII commits US$75mn to second Green Basket Bond with Symbiotics Investments to finance small-scale green projects in Africa, South, and South-East Asia. (Image source:

Transforming Africa's digital economy: Data Centres powering growth, innovation, and sustainability in the digital era. (Image source: Adobe Stock)

The Linnhoff TSD1500 Asphalt Mixing Plant is undertaking crucial work on two rural road projects in Kenya. (Image source: Lintec & Linnhoff)

AI-driven energy-sharing platform will be integrated with ABB energy management technology. (Image source: ABB)

ENGIE Energy Access starts mini-grid construction in Zambia. (Image source: ENGIE Energy Access)

ATIDI and Globeleq boost Kenya’s renewable energy with pioneering geothermal initiative, reinforcing regional sustainability goals.

This partnership aims to enhance sustainable development and advance climate action initiatives throughout the continent. (Image source: Adobe Stock)

Orange Energies has aimed to make energy more accessible, becoming a preferred partner for energy producers in regions where half the population lacks electricity. (Image source: Adobe Stock)

Global primary energy consumption overall was at a record absolute high in 2023. (Image source: Adobe Stock)

Genset BuyersGuide
Construction Buyers Guide