The Rwandese government signed an agreement this passed Wednesday with the World Bank to secure funding to the tune of $95 million. The funding is meant to be piped to the country’s urbanization strategy.
Six satellite cities, namely:Musanze, Muhanga, Rubavu, Huye, Nyagatare, Rusizi are meant to be the primary beneficiaries as the building of basic infrastructure as well as the support of activities geared towards economic development will mainly be channelled here.
500,000 people are meant to benefit directly from this project.
“The World Bank is delighted to be contributing to Rwanda’s sustainable development through this new operation which supports the government’s policy of prioritising the development of secondary cities to serve as regional pull factors for urbanisation through service provision, local economic development and job creation,” said Yasser El-Gamal, World Bank Rwanda country manager.
This project, if well executed, will definitely help strengthen the capacity of Kigali in managing of urban areas and attract more investors into the country. Both locally and internationally.