Hotels Take Lion’s Share of Rwf 100 Billion COVID-19 Recovery Fund
Support our newsroom by MAKING A CONTRIBUTION HERE

Nearly 50 percent of the government’s emergency economic recovery fund set up to cushion companies from the impact of the COVID-19 pandemic, has been spent.
Figures released Friday by Prime Minister Edouard Ngirente show that Rwf 44.3billion of the Rwf 100b fund, has been spent. That is more than 44.3% of the fund.
The fund was established in June to help the economy get back to its feet. Large and small companies were to demonstrate they had lost more than 50% of their business to benefit.
The fund came as confidential findings shared by the UK’s international development agency DFID with government showed at least 60% of the population or more than 8m people, had lost entire livelihoods due to the pandemic.
ALSO READ: Government’s Emergency Loans Not Meant for Sector Employing 90% Workforce
Today at the signing of performance contracts by district mayors, known as IMIHIGO with President Paul Kagame, the PM Ngirente said the 138 hotels had got a combined Rwf 42billion from the recovery fund so far.
SMEs had got Rwf 800m, education institutions got Rwf 640m, while factories had received Rwf 370m.
Government said at the launch of the ongoing Fund that it was ready to add another Rwf 100billion – to reach Rwf 200billion.
However, as was reported by The Chronicles, the informal sector which employs 91% of the workforce, will not benefit from the economic recovery funds. One of the conditions to get the cash is that the business must be registered with the Rwanda Development Board.
Yes! Finally something about website.
After looking at a number of the blog articles on your site, I really appreciate your way of writing a blog. I book marked it to my bookmark website list and will be checking back in the near future. Please check out my web site as well and tell me what you think.
This is my first time pay a quick visit at here and i am
truly pleassant to read all at single place.
Your style is so unique compared to other people I’ve read stuff from.
Thanks for posting when you’ve got the opportunity,
Guess I’ll just bookmark this blog.
You’re so awesome! I do not suppose I’ve truly read through something like this before.
So good to find someone with some genuine thoughts on this topic.
Seriously.. many thanks for starting this up. This site is something that’s needed on the
web, someone with some originality!
I’m amazed, I must say. Rarely do I encounter a blog that’s equally educative and entertaining, and without a doubt, you have hit the nail on the head. The problem is something not enough folks are speaking intelligently about. Now i’m very happy that I came across this in my search for something concerning this.
6fAWegH1ROxqJKU1WUn7M3HJ94d3rmudEveHh4LIWLBw2HIHJApagfooHggtzzle94xmRIIc8irpJyOmwbzhA0lYBgXEyB2kKOVVmWJ8pNGJD8Cq4S0TLaWcTztz1IVwWFaus5UmPor4GfJwZPLau8qFVrarL2jEDuYYrW4UCIsg0DlEvji
Very great post. I just stumbled upon your weblog and wished to mention that I’ve
truly loved browsing your weblog posts. After all I’ll be subscribing in your feed and I’m hoping you write again very soon!
Right here, you can discover the very Best Online Casino oon the
internet roulette bpnuses for Filipino players.
What sets Unibeet Casino apart from lots of of its competitors is its unwavering commitment to cusomer satisfaction.
My web site :: 카지노사이트
Casino webb sites are all around tthe world, even areas where
casinos are illegal.
My web-site – https://qa.kitefights.com/44146/understanding-casino-gamble
Does your website have a contact page? I’m having a tough time locating it but,
I’d like to send you an email. I’ve got some suggestions for
your blog you might be interested in hearing.
Either way, great blog and I look forward to seeing it grow over time.
The highlight feature is the Virtual Reality technology
If you want to get much from this article then you have to apply these methods to
your won web site.
I pay a quick visit day-to-day a few websites and websites to read articles or reviews, but this
webpage offers feature based content.
Hi there, I enjoy reading all of your article post.
I like to write a little comment to support you.
Ι tгuly aрpreciate thіѕ post. I have been ⅼooking аll over for this!
Thank goodness I found it on Bing. You’ѵe made my day! Tһanks again!
My web-site: singapore Furniture mall online
Link exchange is nothing else but it is just placing the
other person’s webpage link on your page at
suitable place and other person will also do similar in favor of you.
After exploring a handful of the articles on your site, I truly like your
technique of writing a blog. I saved it to my bookmark webpage list and will be checking
back soon. Please visit my web site too and tell me your opinion.
We’re ɑ bunch of volunteers and opening a brand new scheme in ᧐ur community.
Your web site offered us ԝith helpful information to wоrk on.
Ⲩоu’ve performed ɑ formidable task ɑnd our wholе neighborhood ϲan be grateful to үou.
Feel free to surf to mу hоmepage dining chairs singapore (Merry)
It is in point of fact a great and useful piece of information. I am
satisfied that you shared this useful information with us.
Please stay us informed like this. Thanks for sharing.
Appreciate this post. Let me try it out.
We stumbled over here different web page and thought I might as well check things out.
I like what I see so now i am following you. Look forward
to checking out your web page yet again.