Rwanda secures €40m EU funding for climate-smart agriculture

Rwandan Minister of Finance and Economic Planning Yusuf Murangwa. 

Photo credit: File | Nation Media Group

Rwanda has secured €40 million ($46.8 million) in financing from the European Union to speed up modernisation of its agriculture sector, with a focus on climate resilience and inclusive growth.

The five-year programme, dubbed HANGARIBIHE: Transformational Climate-Smart and Inclusive Agriculture in Rwanda, was signed by the Ministry of Finance and Economic Planning (MINECOFIN) and the EU. It will provide €36 million ($42.1 million) in budget support and an additional €4 million ($4.7 million) for technical assistance, capacity building and studies.