Judul : AfDB Invests Over Rwf430bn in Rwanda's Agriculture
link : AfDB Invests Over Rwf430bn in Rwanda's Agriculture
AfDB Invests Over Rwf430bn in Rwanda's Agriculture
The African Development Bank (AfDB) has revealed intentions to invest roughly $300 million (approximately Rwf432 billion) in Rwanda's agricultural industry next year in order to boost the sector's development.
This occurs as the bank's portfolio keeps advancing development in infrastructure, especially in energy, water, and transportation, with an increased emphasis currently moving towards agricultural business.
The statement was released in Kigali on Wednesday, November 12, at the start of the 2025 Country Portfolio Performance Review (CPPR) seminar, organized together by the Government of Rwanda and AfDB. The two-day event is designed to improve project execution and increase the influence of AfDB's initiatives in Rwanda.
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Portfolio featuring a revolutionary impact
As stated by Aissa Toure Sarr, the AfDB's Country Manager in Rwanda, the bank is currently involved in 28 ongoing projects, with infrastructure making up 85 percent of the total portfolio.
In the last 10 to 15 years, she mentioned, the AfDB's presence in Rwanda has mainly focused on infrastructure development, especially in water and sanitation, transportation, and energy. The bank's projects in Rwanda amount to $2.5 billion, reflecting a significant investment in capital-heavy sectors crucial for long-term growth.
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Sarr mentioned that the AfDB's investments have influenced Rwanda's socio-economic environment. Water and sanitation make up 34 percent of the portfolio, followed by energy (30 percent) and transport (16 percent), with the rest focusing on the private sector and human capital development.
"Rwanda is among the nations that significantly advanced in terms of energy accessibility," she mentioned.
When I started working at the Bank just under five years ago, the access rate was approximately 60 percent. We have now reached nearly 85 percent [due to cooperation with the government].
She mentioned that the effect of these initiatives goes beyond the industries they are part of.
"Having access to energy enables schools and businesses to function properly; road access helps people reach hospitals and farming areas. The effect extends beyond the specific area we have invested in," she stated.
Agriculture and integrated investments
With Rwanda aiming for full electricity access by 2029 and significant energy projects nearing completion, Sarr mentioned that the planned strategy is to focus new AfDB investments primarily on agriculture and agro-industrial value chains, highlighting a comprehensive development approach.
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"Over the next year, around $300 million is available for two projects. One involves irrigation, serving as a second or third phase of a major irrigation initiative known as Muvumba, which we are implementing in Nyagatare," she stated.
We are making another significant investment in the agricultural sector. We will progressively move towards agriculture and agro-processing.
"Once more, remember that it's a combined strategy. This implies we won't deviate from the original investment," Sarr stated. She emphasized the bank's dedication to achieving better value for every dollar invested.
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Support for infrastructure and public services
Emmanuel Nuwamanya, the acting Head of Policy and Planning at the Ministry of Infrastructure, praised the AfDB's role in Rwanda's progress, especially in aiding socio-economic growth and enhancing people's quality of life.
Nuwamanya pointed out advancements achieved through the seven-year National Strategy for Transformation (NST1), which ended in June 2024, and the following five-year NST2, emphasizing the AfDB's essential involvement in energy, water, and transportation.
In the energy field, he mentioned that the AfDB had played a key role in increasing electricity availability. With the bank's assistance, we are progressing towards achieving full access by 2029, he noted.
"Energy access has already increased from 34 per cent to over 80 per cent of households, and more than 90 per cent of administrative units are now linked to the grid," Nuwamanya stated.
Shifting focus to water and sanitation, he mentioned that the AfDB's financial support has revolutionized the sector, which previously depended almost solely on local funding and had not received significant investments.
The water production capacity has risen from 329,000 cubic meters per day [under NST1] to more than 340,000 cubic meters today, he mentioned.
He noted that projects supported by the AfDB are anticipated to enable the country to increase its water production capacity to over 600,000 cubic meters daily.
In the transportation industry, he mentioned significant advancements in road infrastructure.
"If you examine the paved road system, Rwanda had approximately 1,279 kilometers of roads in good condition in 2017. Currently, this number has risen to almost 1,800 kilometers, with significant contributions from AfDB-funded projects," he stated.
Rwanda's robust collaboration with the African Development Bank
Rwanda's efficient handling of AfDB resources has maintained the Bank's trust, according to officials. Although the funding amounts for the 2026-2028 period will be finalized later this year, Sarr mentioned that the country is anticipated to receive an average of $300 million, with possible access to at least an extra $100-150 million through AfDB's performance-based annual allocation mechanism.
Maintaining outcomes via effective teamwork
Gerald Mugabe, the Director General for External Finance at the Ministry of Finance and Economic Planning, praised the AfDB's ongoing assistance and reemphasized Rwanda's dedication to enhancing the effectiveness of initiatives supported by the institution.
"The attained success highlights our shared responsibility and dedication to realizing the intended results of bank-funded initiatives," Mugabe stated.
"Collectively, we are dedicated to addressing implementation challenges and making sure that each franc invested leads to visible advancements for the people of Rwanda," he stated.
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Tagged: Rwanda, Agribusiness, Food and Agriculture, Central Africa, East Africa, Economy, Business and Finance
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