National

BRD acquires Rwf6.4bn to boost SMEs

The European Investment Bank (EIB) has entered into a €8 million (approx Rwf6.4bn) agreement with the Rwanda Development Bank (BRD) that will be channelled towards medium and long-term financing for small businesses in Rwanda.The loan financing package will target crucial long-term investment by local companies, mainly Small and Medium Enterprises, to support growth and job creation.
(L-R) Flavia Palanza, Director Associate of the Central and Eastern Africa, Pacific Department of the EIB, CEO BRD, Jack Nkusi Kayonga, and Patrick Walsh, Director for Africa, Caribbean and Pacific at the EIB, after the signing yesterday. The New Times/Co
(L-R) Flavia Palanza, Director Associate of the Central and Eastern Africa, Pacific Department of the EIB, CEO BRD, Jack Nkusi Kayonga, and Patrick Walsh, Director for Africa, Caribbean and Pacific at the EIB, after the signing yesterday. The New Times/Co
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