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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Rwanda parliament approves €91.4mn electrification funding

              May 19, 2020
              in Finance, Power & Electricity
              0
              Rwanda parliament approves €91.4mn electrification funding

              Rwanda Parliament yesterday approved an International Development Association (IDA) credit worth €91,4million to finance Rwanda’s energy sector supplemental development policy financing.

              The credit will be reimbursed at an interest rate of 0.75% over a period of thirty-two years, after a grace period of six years.

              Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning said the proposed supplemental financing aims to mitigate the impact of the ongoing Covid-19 economic crisis on the reform program supported by IDA.

              Ndagijimana, during an extraordinary parliamentary session which was opened by the speaker of the low chamber said: “The objective is to enable fiscally sustainable expansion of electricity services. The proposed operation is built around two pillars: containing the fiscal impact of the electricity sector; and improving the operational efficiency,” Ndagijimana said.

              Currently, the Government’s energy sector reform program aims at achieving three ambitious expansion targets of electricity generation, access while containing fiscal transfers to the sector and enhancing the affordability of electricity service for consumers.

              Government’s statistics indicate that electricity access rose to 54% countrywide (39 percent on-grid and 15 percent off-grid) in February 2020, up from 40.7% in September 2017, while system losses declined from 22% to 19%.

              After explaining the purpose and benefits of the IDA credit, Members of Parliament unanimously adopted and approved the law approving the ratification of the financing agreement between Rwanda government and IDA.

              Rwanda has resumed construction activities on development essential projects, which include electricity generation.

              This is expected to boost the country’s ambition to achieve universal electrification and be the first to achieve less than 50 percent reliance on traditional cooking fuels as enshrined in the National Strategy for Transformation (NST1).

              The NST1 targets a generation capacity of 564 MW from the current 224.63 MW of which, still more than 15%, is generated from diesel-run generators which will be replaced.

              There are several power plant projects in the pipeline in Rwanda including Rusizi Hydro Power III where 147MW will be shared between DRC, Burundi, and Rwanda with the latter taking a share of 49 MW.

              The Rusumo’s 80 MW will be shared between Burundi, Tanzania, and Rwanda which will get 27 MW.

              Hakan Peat to Power Project will give Rwanda 80MW while other 50 MW will come from Symbion Methane Gas Project.

              Moreover, another 40 MW is expected to be generated from other Micro or Mini-Hydro projects which are at different development stages.

              KT Press
              14/05/2020

              Tags: electricityfinanceprojectsRwanda
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