Upgrading transportation infrastructure in Rwanda

Photo: Tetyana Dotsenko/Shutterstock

The OPEC Fund’s US$18 million loan in support of the Nyacyonga–Mukoto Road Project will improve living standards and economic livelihoods in the country. 

The Nyacyonga–Mukoto route, currently a 36km gravel road, connects two major national paved roads from the northern part of the capital Kigali to the northern provinces. Upgrading the road will increase connectivity and promote economic livelihoods, particularly the agriculture, agro-industries, mining and tourism sectors. 

The project has a total cost of US$41 million and will be co-financed by the Arab Bank for Economic Development in Africa and the government of Rwanda. Uzziel Ndagijimana, Minister of Finance of Rwanda, and OPEC Fund Director-General Dr. Abdulhamid Alkhalifa signed the agreement at a meeting during the Sustainable Energy for All Forum in Kigali in May 2022. 

Rwanda is a landlocked and densely populated country in East Africa. Regional integration and international trade are key to support economic activity and sustainable growth. To date, the OPEC Fund has provided US$285 million in financing for over 30 projects supporting key sectors in Rwanda.