European Investment Bank Archives

BANK OF KIGALI SECURE FUNDS TO BOOST SMEs IN RWANDA

Posted on March 26, 2019March 26, 2019 by Gambeta News

Bank of Kigali secure Rwf30bn from the European Investment Bank to boost SMEs. Rwanda Bank of Kigali has secure Rwf30bn from the European Investment Bank. This funds is to support Small and Medium Enterprises (SMEs) and further promote the nation SMEs for locals. The deal was signed during the ongoing Africa CEO Forum which is expected to tackle access to finance challenges among local SMEs. This will be for energy, manufacturing and trade, agriculture, transport and tourism sectors. Chief Executive Officer…

SOLAR POWER PROJECTS IN KENYA GETS US$75m FUNDING

Posted on February 6, 2018February 6, 2018 by Gambeta News

Kenya firms receive US$75m loan to fund solar power plants construction Two solar power plant projects in Kenya receive US$75m loan by the European Investment Bank (EIB). Interests in Kenya’s green project is rising as more world organizations are looking to finance them. The plants are developed by two Kenyan firms, Radiant Energy and Eldosol Energy. They are also located next to each other in Eldoret. The Solar plants have a capacity of 40MW each and the…

TANZANIA TO GET WATER PROJECT BY MWAUWASA

Posted on November 9, 2017 by Gambeta News

Mwauwasa to help reduce Tanzania water shortage by developing a US $16.7m water project. Tanzania which has been having a short supply of water in recent years is expected to have a US $16.7m water project that will be embark by Mwanza Urban Water Supply and Sanitation Authority (Mwauwasa) that will serve at-least 45,000 residents in the country. The mini-project which is jointly funded by the European Investment Bank (EIB), French Development Agency (FDA) and the Tanzanian government will…