China Gives 100 Million Yuan to Rwanda to Boost Economy, Trade

China’s government will give Rwanda 100 million yuan ($15.7 million) in grants and loans to encourage economic development and trade with China, Vice Commerce Minister Gao Hucheng said.

The East African country will receive half the amount as a grant and the remaining 50 million yuan as a five-year, interest-free loan, Gao told officials and reporters today in Kigali, Rwanda’s capital. Trade between the two countries doubled to $76.4 million in the first half from a year earlier, he said.