Search

Rwanda’s $214mn China-backed hydropower dam delayed to 2028

Dam sluice gate. Photo by Lynn Greyling @ Pixabay
Dam sluice gate. Photo by Lynn Greyling @ Pixabay
  • Nyabarongo II hydropower dam, financed by China’s Exim Bank, faces 3-year delay
  • Rwanda says it is closely monitoring the contractor to avoid further setbacks

 

KIGALI, RWANDA – Rwanda’s flagship Nyabarongo II hydropower project, backed by a $214 million loan from China’s Exim Bank, has been hit by financial constraints and technical setbacks that will push completion from 2025 to 2028.

Recent Business

The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
DR Congo eyes $1.5bn Eurobond return as IMF backing tests investor confidence
Read More »
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Morocco sees 4.2% growth in early 2026 as agriculture, services offset export headwinds
Read More »
A bustling marketplace in Benin. Photo by Greg Keelen @ Unsplash
Benin tests global appetite for Islamic bond in frontier-market return
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights