According to a statement released by the Office of the President, Village Urugwiro, Kagame and Dr. Ould Tah met following the Africa Mindset Reset Forum, a two-day gathering held in Kigali.
The two leaders discussed Rwanda’s partnership with the African Development Bank and exchanged views on priorities for boosting investment, economic growth and accelerating Africa’s development.
“They discussed Rwanda’s partnership with the Bank and exchanged views on key priorities for promoting investment, economic growth and accelerating Africa’s development,” the statement said.
The Africa Mindset Reset Forum was organized by the African School of Governance, an institution founded by a group of leaders including President Kagame.
The African Development Bank has played a significant role in supporting Rwanda’s development. By 2024, the Bank had provided Rwanda with support worth about $3.1 billion across 96 different projects.
At the time, the AfDB was working with 54 African countries and 27 countries outside the continent.
Between 1964 and 2024, the Bank provided a total of $112.5 billion in financing and support for 5,588 projects across different countries. Of these, 239 had been approved, 1,002 were under implementation and 4,130 had been completed.
The AfDB is also planning to invest more than $400 million in Rwanda’s agriculture sector over the next three years.
The planned investment is part of efforts to rebalance the Bank’s portfolio in Rwanda, where infrastructure currently accounts for the largest share of its investments, representing 87% of its total commitments.
Water and sanitation projects account for 34% of the Bank’s portfolio in Rwanda, followed by energy at 30%. Multi-sector projects represent 11%, the financial sector accounts for 10%, while transport represents 9%.
Meanwhile, agriculture, communication, social development and urban development combined account for only 6% of the AfDB’s total project portfolio in Rwanda.
The increased focus on agriculture is expected to support Rwanda’s efforts to strengthen food security, improve agricultural productivity and create more opportunities across the sector.
