Rwanda: Poland to provide a $24.3 million loan to support the dairy industry

In Rwanda, the dairy sector contributes 10% to the agricultural GDP, and with less than 20% of the locally produced milk being processed, preserving fresh milk stocks for the long term is a challenge for the local industry.

On October 26, the Ministry of Finance and Economic Planning in Rwanda signed a financing agreement worth $24.3 million with the Bank (BGK), a national development bank in Poland, in support of the National Office of Agriculture (RAB). This announcement was shared through a press release on the Ministry’s website.

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The allocated funds will be utilized to procure a milk cooling system and associated equipment from Faspol, a Polish refrigeration solutions provider. As outlined in the press release, this initiative will involve the delivery of nearly 400 cooling systems to local milk collection points, aimed at reducing losses due to inadequate storage.

According to data from the Ministry of Agriculture and Animal Resources, Rwanda’s fresh milk production exceeded 861 million litres in 2019.

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