Tag: GreatLakesNews

  • Botswana Whips Amavubi U17

    The Rwanda Amavubi Under 17 football team has been walloped by their Botswana counterparts 1-0.

    This was during their encounter in Botswana ahead of the forthcoming CAF cup.

    The Amavubi side featured Bishira Latif(captain) Ndayisenga Kassim, Kubwimana Cedric, Rwatubyaye Abdoul,Rwigema Yves, Iradukunda Bertrand, Neza Anderson, Bizimana Djihad, Sibomana Patrick, Kalisa Djuma America and Nkinzingabo Fiston.

  • Kivu Belt Financing Mobilization Sealed

    Rwanda has signed a Financing Agreement with the Saudi Fund For Development to co-finance Lot 6, Rubengera-Gasiza of Kivu Belt Multinational Road.

    The MOU was signed October 12, in Tokyo-Japan as a sideline event to the World Bank/IMF Annual Meetings.

    The Government of Rwanda, represented by Honorable John Rwangombwa, Minister of Finance and Economic Planning and the Saudi Fund For Development, represented by HE Eng. Yousef Ibn Ibrahim Al-Bassam, the Fund’s Vice Chairman and Managing Director.

    The aforesaid signing ceremony is about the US$ 13,000,000 pledge that Saudi Fund For Development did during the fundraising round table to co-finance Lot 6, Rubengera-Gasiza of Kivu Belt Multinational Road as sidelines of the 9th Government of Rwanda Development Partners Meeting (DPM) November 2010 in Kigali.

    During its meeting in the 2nd quarter of 2012, the Fund’s board of Directors approved the Loan to Rwanda of US$ 13 Million under more good (concessional) terms.

    During the signing ceremony Rwangombwa, on behalf of the Government of Rwanda, and HE Eng. Ibrahim Al-Bassam, expressed their satisfaction on the development partnership between Rwanda and and the Saudi Fund.

    The road will be 23.6 Km long and 7 meters wide at a total cost of US$ 52.7 Million. The other contributors to the funding of the road section are: the Government of Rwanda (USD 4.35 Million), Kuwait Fund For Arab Economic Development (US$ 13 Million), The OPEC Fund for International Development (OFID, US$ 10 Million), Arab Bank for Economic Development in Africa (BADEA, US$11 Million).

    We have signed with all other 3 Arab co-financiers;

    Design studies were completed in 2008 by Saudi International and Construction Works started in 2010 by Lot 3, Rusizi-Mwityazo, 50 Km, under the funding from the African Development Bank, of US$ 63 Million.

    The African Development Bank and Government of Rwanda have also financed Lot 7, Gasiza-Rubavu (US$ 68 Million) of 47,8 Km.

    The Government of Rwanda contracted a US$ 113 Million China Export Import Bank to construct Lot 4 and Lot 5, 66 Km from Mwityazo (Nyamasheke) to Rubengera (Karongi).

    The total length of the multinational (Burundi-Rwanda) Road is 265.7km, with 185 Km on Rwandan side (Kivu Belt Road) to cost Rwanda on designs, construction and supervision of works US$ 350 Million.

    With the Saudi Fund financing, the mobilization of the funding is concluded.

    When completed, the multinational road will have among other benefits such as promoting regional integration, contribute to trade and provide easy access to these land locked countries to the sea ports.

    It additionally will increase the potential for tourism and fisheries on Lake Tanganyika and Lake Kivu.

    As internal benefits, the road will increase trade, reduce transportation time and costs in the western province, as well as the rest of the country. The Western province produces 70% of the nation’s coffee and 40% of the nation’s tea.

    Ongoing projects of the Fund include “Increased Electricity Access in Some Areas in Rwanda” project: US$ 11 .7 Million, the “Rehabilitation of Kitabi-Congo nil Road” Project : US$ 10 Million and the Rehabilitation and the “Extension of King Faisal Hospital” Project: US$ 12 Million.

  • Kivu Belt Financing Mobilization Sealed

    Rwanda has signed a Financing Agreement with the Saudi Fund For Development to co-finance Lot 6, Rubengera-Gasiza of Kivu Belt Multinational Road.

    The MOU was signed October 12, in Tokyo-Japan as a sideline event to the World Bank/IMF Annual Meetings.

    The Government of Rwanda, represented by Honorable John Rwangombwa, Minister of Finance and Economic Planning and the Saudi Fund For Development, represented by HE Eng. Yousef Ibn Ibrahim Al-Bassam, the Fund’s Vice Chairman and Managing Director.

    The aforesaid signing ceremony is about the US$ 13,000,000 pledge that Saudi Fund For Development did during the fundraising round table to co-finance Lot 6, Rubengera-Gasiza of Kivu Belt Multinational Road as sidelines of the 9th Government of Rwanda Development Partners Meeting (DPM) November 2010 in Kigali.

    During its meeting in the 2nd quarter of 2012, the Fund’s board of Directors approved the Loan to Rwanda of US$ 13 Million under more good (concessional) terms.

    During the signing ceremony Rwangombwa, on behalf of the Government of Rwanda, and HE Eng. Ibrahim Al-Bassam, expressed their satisfaction on the development partnership between Rwanda and and the Saudi Fund.

    The road will be 23.6 Km long and 7 meters wide at a total cost of US$ 52.7 Million. The other contributors to the funding of the road section are: the Government of Rwanda (USD 4.35 Million), Kuwait Fund For Arab Economic Development (US$ 13 Million), The OPEC Fund for International Development (OFID, US$ 10 Million), Arab Bank for Economic Development in Africa (BADEA, US$11 Million).

    We have signed with all other 3 Arab co-financiers;

    Design studies were completed in 2008 by Saudi International and Construction Works started in 2010 by Lot 3, Rusizi-Mwityazo, 50 Km, under the funding from the African Development Bank, of US$ 63 Million.

    The African Development Bank and Government of Rwanda have also financed Lot 7, Gasiza-Rubavu (US$ 68 Million) of 47,8 Km.

    The Government of Rwanda contracted a US$ 113 Million China Export Import Bank to construct Lot 4 and Lot 5, 66 Km from Mwityazo (Nyamasheke) to Rubengera (Karongi).

    The total length of the multinational (Burundi-Rwanda) Road is 265.7km, with 185 Km on Rwandan side (Kivu Belt Road) to cost Rwanda on designs, construction and supervision of works US$ 350 Million.

    With the Saudi Fund financing, the mobilization of the funding is concluded.

    When completed, the multinational road will have among other benefits such as promoting regional integration, contribute to trade and provide easy access to these land locked countries to the sea ports.

    It additionally will increase the potential for tourism and fisheries on Lake Tanganyika and Lake Kivu.

    As internal benefits, the road will increase trade, reduce transportation time and costs in the western province, as well as the rest of the country. The Western province produces 70% of the nation’s coffee and 40% of the nation’s tea.

    Ongoing projects of the Fund include “Increased Electricity Access in Some Areas in Rwanda” project: US$ 11 .7 Million, the “Rehabilitation of Kitabi-Congo nil Road” Project : US$ 10 Million and the Rehabilitation and the “Extension of King Faisal Hospital” Project: US$ 12 Million.

  • Mai Mai Militia Clash With FLDR

    Reports from Eastern DRC indicate that Rwandan FDLR Rebels engaged in a fierce battle with Mai Mai militia on October 10 resulting into the death of 13 people.

    The clash was reported along the Katwiguru kisharo axis, north-east from Rutshuru town.

    Mai mai Shetani militia lost three combatants and several deaths reported on the FDLR side.

    The security situation was still confused about this axis in the day Thursday.

    Residents in several villages in the area of fighting fled frightened by the violence.

    The fighting is said to have began Wednesday at 5:00 pm and continued until late evening.

    Some residents of the area say that the Mayi-Mayi Shetani have received a reinforcement of men in military uniforms from Nyakakoma sector.

    Frightened civilians said they heard heavy explosions and have crossed the border into Uganda.

  • Mai Mai Militia Clash With FLDR

    Reports from Eastern DRC indicate that Rwandan FDLR Rebels engaged in a fierce battle with Mai Mai militia on October 10 resulting into the death of 13 people.

    The clash was reported along the Katwiguru kisharo axis, north-east from Rutshuru town.

    Mai mai Shetani militia lost three combatants and several deaths reported on the FDLR side.

    The security situation was still confused about this axis in the day Thursday.

    Residents in several villages in the area of fighting fled frightened by the violence.

    The fighting is said to have began Wednesday at 5:00 pm and continued until late evening.

    Some residents of the area say that the Mayi-Mayi Shetani have received a reinforcement of men in military uniforms from Nyakakoma sector.

    Frightened civilians said they heard heavy explosions and have crossed the border into Uganda.

  • Uganda Wants Share on S.Sudan Oil Pipeline

    Uganda has proposed to South Sudan to consider a joint venture in the construction of an oil pipeline through Uganda to Port Lamu in Kenya.

    South Sudan and Kenya in August signed an agreement for the construction of a 2,000km oil pipeline to the Kenyan port of Lamu.

    It is expected to deliver South Sudan’s crude oil to the rest of the world via the port. The construction is expected to begin next June and will cost $3b.

    Uganda argues that the pipeline would benefit the region because more countries would contribute towards its construction and also use it.

  • Uganda Wants Share on S.Sudan Oil Pipeline

    Uganda has proposed to South Sudan to consider a joint venture in the construction of an oil pipeline through Uganda to Port Lamu in Kenya.

    South Sudan and Kenya in August signed an agreement for the construction of a 2,000km oil pipeline to the Kenyan port of Lamu.

    It is expected to deliver South Sudan’s crude oil to the rest of the world via the port. The construction is expected to begin next June and will cost $3b.

    Uganda argues that the pipeline would benefit the region because more countries would contribute towards its construction and also use it.