{"id":5530,"date":"2021-11-30T11:33:45","date_gmt":"2021-11-30T11:33:45","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/german-rwanda-sign-e-8-666m-to-support-exporters"},"modified":"2021-11-30T15:27:11","modified_gmt":"2021-11-30T15:27:11","slug":"german-rwanda-sign-e-8-666m-to-support-exporters","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters","title":{"rendered":"German, Rwanda Sign \u20ac 8.666m to Support Exporters"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason to smile following a new financing opportunity that will revive their activities.<\/p>\n

According to details German and Rwanda have today signed a financing deal worth \u20ac8.666million for the expansion of the long-term refinancing line for on-lending to export-oriented Small and Medium Enterprises (SMEs).<\/p>\n

The signing involved the Development Bank of Rwanda (BRD) represented by Chief Financial Officer Vincent Ngirikiringo and Minister Dr. Uzziel Ndagijimana of the Ministry of Economic Planning and Finance, Honorable Ambassador Dr. Thomas Kurz of the Federal Republic of Germany alongside Rwanda\u2019s Minister of State, Richard Tusabe.<\/p>\n

\u201cThe purpose of this financing is to support Rwandan Exporters who have postponed their planned exports investments due to the economic impact of COVID-19 by providing them with affordable long-term loans under the Export Growth Fund (EGF),\u201d the presser reads in part.<\/p>\n

This financing will empower exporting Small and Medium Enterprises to exploit the recent re-opening of foreign markets. Indeed, EGF replenishment will provide for BRD to provide affordable additional capital to a unique opportunity to enable local partner Financial Institutions (PFIs) to serve exporting SMEs\u2019 thereby creating employment opportunities to more skilled workers.<\/p>\n

Since the inception of the Export Growth Fund in 2016, BRD has operationalized the EGF by providing affordable loans directly to SMEs and through participating Commercial Banks.<\/p>\n

With the support of the German Government through KFW, 34 projects have benefited from the fund through 5 partner Public Financial Institutions (PFIs), with total loans approved amounting to approximately EUR 12 million.<\/p>\n

These approved loans are distributed in different sectors including textile, essential oils, horticulture, coffee, pharmaceuticals, tea, food products, and minerals.<\/p>\n

Compared to 2020, loans extended to exporting SMEs as percentage of the total commercial loan portfolio increased by 8%; average revenue of these SMEs grew by 20% along with an average export revenue growth of 40%.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason to smile following a new financing opportunity that will revive their activities. According to details German and Rwanda have today signed a financing deal worth \u20ac8.666million for the expansion of the long-term refinancing line […]<\/p>\n","protected":false},"author":84,"featured_media":5529,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28],"tags":[760,763,758],"class_list":["post-5530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nGerman, Rwanda Sign \u20ac 8.666m to Support Exporters - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German, Rwanda Sign \u20ac 8.666m to Support Exporters\" \/>\n<meta property=\"og:description\" content=\"Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-30T11:33:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-30T15:27:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"482\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"German, Rwanda Sign \u20ac 8.666m to Support Exporters\",\"datePublished\":\"2021-11-30T11:33:45+00:00\",\"dateModified\":\"2021-11-30T15:27:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\"},\"wordCount\":330,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\",\"name\":\"German, Rwanda Sign \u20ac 8.666m to Support Exporters - Rwanda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg\",\"datePublished\":\"2021-11-30T11:33:45+00:00\",\"dateModified\":\"2021-11-30T15:27:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg\",\"width\":768,\"height\":482,\"caption\":\"German, Rwanda Sign \u20ac 8.666m to Support Exporters\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/rwanda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"German, Rwanda Sign \u20ac 8.666m to Support Exporters\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/\",\"name\":\"Rwanda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/rwanda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"German, Rwanda Sign \u20ac 8.666m to Support Exporters - Rwanda","description":"Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters","og_locale":"en_US","og_type":"article","og_title":"German, Rwanda Sign \u20ac 8.666m to Support Exporters","og_description":"Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason ...","og_url":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters","og_site_name":"Rwanda","article_published_time":"2021-11-30T11:33:45+00:00","article_modified_time":"2021-11-30T15:27:11+00:00","og_image":[{"width":768,"height":482,"url":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"German, Rwanda Sign \u20ac 8.666m to Support Exporters","datePublished":"2021-11-30T11:33:45+00:00","dateModified":"2021-11-30T15:27:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters"},"wordCount":330,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg","keywords":["Africa Press","Africa Press-Rwanda","Rwanda"],"articleSection":["all news","Economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters","url":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters","name":"German, Rwanda Sign \u20ac 8.666m to Support Exporters - Rwanda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/rwanda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg","datePublished":"2021-11-30T11:33:45+00:00","dateModified":"2021-11-30T15:27:11+00:00","author":{"@id":"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Rwandan exporters that had suspended their activities due to the grinding effects of covid-19 pandemic, now have reason ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#primaryimage","url":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg","contentUrl":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/11\/img-61a642bb0cea0.jpg","width":768,"height":482,"caption":"German, Rwanda Sign \u20ac 8.666m to Support Exporters"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/german-rwanda-sign-e-8-666m-to-support-exporters#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/rwanda\/"},{"@type":"ListItem","position":2,"name":"German, Rwanda Sign \u20ac 8.666m to Support Exporters"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/rwanda\/#website","url":"https:\/\/www.africa-press.net\/rwanda\/","name":"Rwanda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/rwanda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/posts\/5530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/comments?post=5530"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/posts\/5530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/media\/5529"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/media?parent=5530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/categories?post=5530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/tags?post=5530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}