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Europe Daily Bulletin No. 10456

21 September 2011
Contents Publication in full By article 40 / 40
GENERAL NEWS / (ae) eu/eib

20/09/2011 (Agence Europe) - Loans to small Rwandan businesses. On Monday 19 September, the European Investment Bank (EIB) and the Banque Rwandaise de Développement (BRD) signed an agreement on an €8 million loan for small Rwandan businesses. The loan will fund long term investment by local companies, mainly SMEs, to support growth and job creation. The EIB notes in a press release that banking activity in Rwanda predominantly focuses on providing short-term loans, and that the lack of...

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