UK Minister for Africa, Lord Collins, confirmed the funding at the Africa Food Systems Forum 2024 in Kigali on Wednesday, September 4, 2024.
The contribution will be directed towards AgDevCo Ventures, a funding facility designed to help small and medium-sized agribusinesses grow.
With previous UK investments, AgDevCo has already made a significant impact on Rwanda's food security, improving nutrition and creating a substantial number of quality jobs in businesses such as Kigali Farms and Kivu Choice.
The Africa Food Systems Forum is the world's premier event for African agriculture and food systems, bringing together stakeholders to take practical action and share lessons to advance African food systems. The summit kicked off on Tuesday and will conclude on Friday, September 6, 2024.
Minister Collins is in the country for a three-day visit. As part of the visit, he will also review the successes of UK action on climate finance and sustainable cooling, and visit Trinity Metals to understand how responsible mining supports Rwanda's green energy transition ambitions.
'During my visit to Rwanda, I hope to gain a deeper understanding of our relationship. Our two countries continue to collaborate on a range of important issues, including climate change and mutual prosperity,' he stated.
The minister is also scheduled to hold discussions with the Minister of State for Foreign Affairs, James Kabarebe, focusing on bilateral relations and regional issues.
Wycliffe Nyamasege
Source : https://en.igihe.com/news/article/uk-announces-new-l25m-funding-to-scale-up-agribusinesses-in-rwanda
