Rwanda cushions ailing businesses with $350m economic recovery fund

Rwanda.

Rwandan businesses will get a helping hand from the government. PHOTO | FILE | NMG

Rwanda has unveiled an additional Rwf350 billion ($350 million) stimulus plan for its economy to support businesses hard hit by the pandemic, boost jobs and reduce poverty.

“Businesses negatively impacted by the restrictions put in place to prevent the spread of the virus, or exposed to consumer discretionary spending, and those with global supply chains that have been disrupted are eligible to apply for the support provided by the Economic Recovery Fund,” said Rwanda’s Prime Minister Edouard Ngirente, presenting the revised economic recovery plan in parliament on Thursday.