6/19/08

Rwanda: EAC Block to Spend 40,5 Millions De Dollars


 

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Kigali

The Council of Ministers of the East African Community this week approved the 2008-2009 budget expected to be $40.5 million, RNA reports.

At a session in Arusha, the Ministers nodded to the spending plan that they said will give priority to the building of transportation infrastructure such as the railway line and a road network for easy link up of the community members - Rwanda, Uganda, Tanzania, Kenya and Burundi.

Electricity outreach, industrial development, agriculture and food security - as well as tourism will also be catered for in the new budget for the block.

According to the Council of Ministers, the member countries will contribute 24.4 million dollars of the total, with the rest amounting to 16.1 million dollars expected to come from donor partners.

This will be the first budget done with Rwanda and Burundi as full members of the block after joining just recently.

Relevant Links

Rwanda and Burundi are the members that seriously need a link up to the regional railway line and have been very active in campaigning for its development.

Last week, Uganda earmarked from its 2009 budget a landmark provision of sh320b (about $170 million) to construct the Northern Transport Corridor, a dual carriageway from Busia/Malaba at the Kenyan border to Katuna at the Rwandan border.

The Rwandan capital Kigali is to also host the fourth summit of Africa Management Forum (AMF), a network of Africa business executives from June 24-25.






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Jean-Louis Kayitenkore
Procurement Consultant
Gsm: +250-08470205
Home: +250-55104140
P.O. Box 3867
Kigali-Rwanda
East Africa
Blog: http://www.cepgl.blogspot.com
Skype ID : Kayisa66

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