Wednesday, 14 November, 2018

Rwanda signs $300 million in loan deals with China and India

PM Modi donates cows to 200 families in Rwanda PM Modi gifted cows to around 200 households in Rwanda
Glenn Montgomery | 25 July, 2018, 20:15

Modi's visit kicked off in Rwanda on July 23.

He will head to Johannesburg on Tuesday for a summit of the BRICS emerging economies - Brazil, China, India, Russia and South Africa.

He will pay a two-day state visit to the Republic of Rwanda from Monday.

During a visit to Rwanda on Tuesday, Modi donated 200 cows - considered sacred in India - to poor residents of Rweru model village, south of the capital Kigali.

In recent years, India has reinforced its relations with Africa to reclaim lost ground, focussing on lines of credit and capacity building, including skilling the local people. The embassy in Uganda also covers Rwanda.

China, he added, is willing to elevate the strategic significance of its relationship with the AU, set it as an example and make it more effective, so as to bring more benefits to the Chinese and African people.

Prime Minister also interacted with villagers there.

The cows are sourced from Rwanda itself
The cows are sourced from Rwanda itself

In their talks, the two leaders also spoke highly of the growth of bilateral ties over the past 47 years since their countries established diplomatic relations. India's development partnership now includes implementation of 180 Lines of Credit worth about $11 billion in over 40 African countries.

Six other agreements were also signed between both countries.

Uganda and India yesterday signed a defence pact that will see the two countries strengthen existing ties in military training.

"With India we signed a loan of $100 million for irrigation in three separate areas in the country and $100 million for developing special economic zones", Rwanda's minister of finance Uzziel Ndagijimana told Reuters.

India also extended two lines of credit - one of Dollars 100 million for development of industrial parks and Kigali special economic zone (SEZ) in Rwanda and another one for USD 100 million for agriculture. As the Girinka scheme had President Kagame's "personal touch", the MEA felt that "it was important that we get involved in it, " he said.

Modi will next visit Uganda, a country he had visited in 2007 when he was the chief minister of Gujarat. Today, some of the most prominent businesses and industries in Uganda are run by Ugandans of Indian decent.

He will visit the Genocide Memorial and participate in an event on "Girinka" (one cow per family), a national social protection scheme of Rwanda initiated by Kagame. Indian Vice President Hamid Ansari had visited Uganda in February previous year. Addressing the Ugandan Parliament, the Prime Minister said, "And, at the sacred site in Jinja, where a statue of Gandhiji now stands, we will build a Gandhi Heritage Centre". Prime Minister is also scheduled to visit Republic of Uganda and Republic of South Africa from July 25 to 27.

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