Financial and Banking News


OFID Lends $lOmn for Road Projects in Burundi and Rwanda

The OPEC Fund for International Development (OFID) has agreed to provide $10mn to co-finance road projects in Burundi and Rwanda, according to two agreements signed on 31 October. Burundi will receive $5mn for the Rugombo-Kayanza road project to improve communications in the country's northwest region, while Rwanda will be loaned $5mn to part-finance the 120-kms. Kayanza-Gabiro-Kagituba road...