Rwanda - Banque Rwandaise de Développement


Project Summary

Approval Date 19 Nov 2010
Signature Date 04 Mar 2013
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 5,846,500.14
Status Implementation

Project General Description

The present intervention relates to a line of credit (LOC) for USD8 million to the "Banque Rwandaise de Développement (BRD)" to finance a pipeline of long term priority projects in various sectors, including agriculture, tourism, manufacturing, agribusiness and microfinance. The Line of Credit will have a maturity of 10 years maximum with a grace period of 2 years, this fits perfectly within the framework of the portfolio of projects and loans of BRD whose duration is 5 to 10 years In addition, the new LC will help maintain a balance between Rwanda's need to expand its manufacturing base and focus on export development. Although only 25% of the sample indicative pipeline comprises of projects from the agro-processing sector, this grouping however make up 23 (74%) of the 31 total individual projects in the indicative pipeline, indicating that MSME and SME comprise the majority of this project pipeline grouping.

Project Objectives

The project objectives are to: (i) increase availability of long term finance for financing on-going and newly identified projects in key sectors, and (ii) strengthen BRD Bank so that it can increase and sustain its development impact in Rwanda.

Beneficiaries

The beneficiaries of the intervention are: Rwandan Development Bank (BRD), SMEs, MSMEs, large companies and import-export companies, companies seeking long-term financing and foreign exchange, various companies in the subsectors of electricity, transport, telecommunications, as well as in the agribusiness and manufacture.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-RW-HAA-004
Last Update 31 Oct 2019

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Rwanda
Coordinates Location Name
-1.94995 30.0589 Kigali