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Rwanda

OPEC Fund participates in SEforALL Forum in Kigali, advocates for progress towards SDG7- Affordable and Clean Energy

May 18, 2022: The OPEC Fund for International Development (the OPEC Fund) is stepping up its support for Sustainable Development Goal 7 - Affordable and Clean Energy (SDG 7). Led by Director-General Abdulhamid Alkhalifa, a delegation of the OPEC Fund is participating in the 2022 Sustainable Energy for All (SEforALL) Forum in Kigali, Rwanda, and presenting the institutions plans for an Energy Access and Transition Trust Fund. The facility’s aim is to support clean cooking solutions and will be rolled out as a model project in Madagascar. Household air pollution from cooking with traditional stoves and fuels is linked to four million deaths each year and a significant contributor to greenhouse gas emissions. According to World Bank estimates, more than 2.6 billion people worldwide do not have access to clean cooking solutions. On the opening day of the Forum, Director-General Alkhalifa hosted an OPEC Fund-led parallel session “Scaling Finance: Equitable Transitions and Clean Cooking” and delivered closing remarks for the Forum’s first day. The OPEC Fund’s session presented and promoted the planned trust fund. Showcasing Madagascar, the OPEC Fund demonstrated how integrated energy access planning, greater coordination among actors and innovative finance mechanisms can unlock investment opportunities. SEforALL is dedicated to drive faster action towards the achievement of affordable, reliable, and sustainable energy, and the OPEC Fund has partnered in the initiative since its launch in 2011. Director-General Alkhalifa said: “We are excited to support SEforALL and this significant meeting of stakeholders, who are all working towards the common goal of achieving SDG7. The OPEC Fund is committed to address the twin challenges of energy access and climate action helping to ensure that no one is left behind.” The annual global gathering, co-hosted by SEforALL and the Government of Rwanda, brings together nearly one thousand stakeholders who are united by their work to …


Source: MyPR International
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OPEC Fund provides US$18 million to “Nyacyonga–Mukoto Road Project” in Rwanda

May 17, 2022: The OPEC Fund for International Development (the OPEC Fund) is providing a US$18 million loan to the government of Rwanda to support the “Nyacyonga–Mukoto Road Project”, helping to improve living standards and economic livelihoods in the country. The project has a total cost of US$41 million and will be co-financed by the Arab Bank for Economic Development in Africa (BADEA) and the government of Rwanda. Uzziel Ndagijimana, Minister of Finance of Rwanda, and OPEC Fund Director-General Abdulhamid Alkhalifa signed the agreement at a meeting during the Sustainable Energy for All Forum, a global gathering focused on energy taking place in Kigali. OPEC Fund Director-General Abdulhamid Alkhalifa said: “We are proud to have partnered with Rwanda for decades, promoting socio-economic development and support key sectors as infrastructure, agriculture and the financial sector. Our new loan will further contribute to Rwanda’s sustainable development agenda and its efforts to achieve its ambitious 2050 Vision, which sets a strategic direction to lead the country to the living standards of high income countries by 2050.” The Nyacyonga–Mukoto route, currently a 36km gravel road, connects two major national paved roads from the northern part of the capital Kigali to the northern provinces. Upgrading the road will increase connectivity, promote economic livelihoods particularly agriculture, agro-industries, mining and tourism sectors. Rwanda is a land-locked and densely populated country in East Africa. Regional integration and international trade are key to support economic activity and sustainable economic growth. To date, the OPEC Fund has provided around US$ 285 million in financing for over 30 projects supporting key sectors in Rwanda. About the OPEC Fund The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The …


Source: MyPR International
Pages: Page 1 Page 2

Statement by Ambassador Linda Thomas-Greenfield on Kwibuka 28

April 13, 2022: As the people of Rwanda have paused for Kwibuka – 100 days of mourning to remember the 100 days of genocidal terror in 1994, we grieve for the innocent lives lost. We remember the Tutsi victims of genocide as well as others who were killed for their opposition to the genocide. And we stand with the survivors who bore witness to these crimes. And as a firsthand witness to the horrors, I am determined to keep the memory of those who perished front and center in our work at the United Nations. The United Nations must never again fail to act in the face of mass atrocities. In the wake of this genocide, Rwanda – united in reconciliation – has made remarkable progress in becoming a more peaceful and prosperous nation. The United States is proud to stand with the people and Government of Rwanda in their efforts to overcome the terrible legacy of one of the darkest chapters in human history. We take this opportunity to remember our common humanity and recommit to protecting the vulnerable, promoting accountability for atrocities, and upholding inherent human dignity. Let us renew our commitment to ensuring mass atrocities like this never occur again. CLICK HERE to submit your press release to MyPR.co.za International/. Statement by Ambassador Linda Thomas-Greenfield on Kwibuka 28 Submission Details Author: Africa Media from The Africa Regional Media Hub. More Info link: Images: For a high res version of THIS image please contact The Africa Regional Media Hub Facebook: Twitter: …


Source: MyPR International
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