The European Investment Bank (EIB) and Bank of Kigali have teamed up to provide a 100 million euros ($106.8 million) financing package for agroecological projects in Rwanda. This collaboration aims to revolutionize rural Rwandan agriculture by enhancing access to credit for agriculture technology startups and agribusinesses, addressing climate change challenges such as extreme weather events, droughts, and heavy rainfall. The funding supports the creation of inclusive and resilient value chains, particularly in horticulture and aquaculture, ensuring food security for Rwanda’s 14 million citizens.
Germany has pledged technical assistance to assess climate risks for funded businesses, aligning with COP28 recommendations to prioritize investment in food and agricultural systems. Rwanda’s proactive embrace of agroecology, demonstrated through training programs for farmers, indicates a significant step towards building a more climate-resilient and sustainable agricultural future.