Rwanda: Government, Investors Sink $250 Million Bio-Fuel Deal
Kigali — The Government of Rwanda yesterday entered a groundbreaking agreement with US-based Eco-Fuel Global and UK’s Eco Positive Ltd-which will see the two companies sink $250m in a project to produce bio-diesel.
The deal will see the two companies grow Jatropha Curcas on 10,000 hectares of marginal land near Akagera National Park from which they will be extracting estimated 20 million litres of bio-diesel annually.
The signing ceremony held at the Rwanda Development Board (RDB) head office was witnessed by the former British Prime Minister Tony Blair who played a role in luring the investors.
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