{"id":7108,"date":"2021-12-24T16:56:32","date_gmt":"2021-12-24T16:56:32","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwanda-secures-another-100-million-for-digital-projects"},"modified":"2021-12-24T17:35:05","modified_gmt":"2021-12-24T17:35:05","slug":"rwanda-secures-another-100-million-for-digital-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects","title":{"rendered":"Rwanda secures another $100 million for digital projects"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda has borrowed more $100 million from Asian Infrastructure Development Bank (AIIB) to broadband and digitalise public services The loan agreement worth approximately Rwf100 billion was signed between the Ministry of Finance and Economic Planning and the bank on December 23.<\/p>\n

It will fund Rwanda\u2019s US$200 million Digital Acceleration Project, which is co-financed with World Bank. The project aims to support Rwanda\u2019s short and long-term recovery from the pandemic and build the country\u2019s resilience to future pandemics by increasing access to quality broadband, digital public services, and a digital innovation ecosystem.<\/p>\n

The Minister of ICT and Innovation Paula Ingabire said this a push in the back towards realising the country\u2019s vision to become a digital economy. \u201cWhile we are already cashing in on past investments in ICT and leveraging existing digital infrastructure, this financing agreement is a timely commitment that will allow us to further develop our broadband market and enhance Rwanda\u2019s digital innovation ecosystem.\u201d<\/p>\n

The project seeks to enhance government\u2019s ability to deliver digital services by equipping it with the capacity to harness the power of big data and develop at least 30 new or upgraded digital services through large-scale investments in shared digital standards, platforms, and infrastructure.<\/p>\n

It has four main components namely; Digital Access and Inclusion, Digital public service delivery, Digital Innovation and Entrepreneurship, and Project Management.<\/p>\n

According to officials, the project will directly support at least 300 digital start-ups, with a focus on those that are female-owned, to position the country for a data-driven and e-service based economy.<\/p>\n

Uzziel Ndagijimana, the Minister of Finance and Economic Planning, said: \u201cThe project will complement Government of Rwanda\u2019s efforts in recovery and resilience to and post covid-19 pandemic and in implementing the National Strategy for Transformation, with a focus on the priority to establish Rwanda as a globally competitive knowledge-based economy\u201d.<\/p>\n

Najeeb Haider, AIIB\u2019s Director General of the Banking Department, said; \u201cthis marks the first digital acceleration investment the bank is making in sub-Saharan Africa, It is also the second project we are funding in the region and both happen to be in Rwanda.”<\/p>\n

“We believe that these are first steps towards a long term development relationship between Rwanda and the Bank.\u201d<\/p>\n

Rwanda became a member of the Asian Infrastructure Investment Bank a year ago and has so far accessed financing worth $200 million to fund two key projects namely; the Economic Recovery Fund and the just signed Digital Acceleration Project.<\/p>\n

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

Africa-Press – Rwanda. Rwanda has borrowed more $100 million from Asian Infrastructure Development Bank (AIIB) to broadband and digitalise public services The loan agreement worth approximately Rwf100 billion was signed between the Ministry of Finance and Economic Planning and the bank on December 23. It will fund Rwanda\u2019s US$200 million Digital Acceleration Project, which is […]<\/p>\n","protected":false},"author":84,"featured_media":7107,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28],"tags":[760,763,758],"class_list":["post-7108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nRwanda secures another $100 million for digital projects - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda has borrowed more $100 million from Asian Infrastructure Development Bank (AIIB) to broadband and digitalise publ ...\" \/>\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\/rwanda-secures-another-100-million-for-digital-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda secures another $100 million for digital projects\" \/>\n<meta property=\"og:description\" content=\"Rwanda has borrowed more $100 million from Asian Infrastructure Development Bank (AIIB) to broadband and digitalise publ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-24T16:56:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-24T17:35:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/12\/img-61c6049e51700.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1556\" \/>\n\t<meta property=\"og:image:height\" content=\"1032\" \/>\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\/rwanda-secures-another-100-million-for-digital-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda secures another $100 million for digital projects\",\"datePublished\":\"2021-12-24T16:56:32+00:00\",\"dateModified\":\"2021-12-24T17:35:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects\"},\"wordCount\":424,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2021\/12\/img-61c6049e51700.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-secures-another-100-million-for-digital-projects\",\"name\":\"Rwanda secures another $100 million for digital projects - 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