China helps Rwanda to Boost Economic Development, Trade- Job opportunities to follow.

Bloomberg reports that, China’s government will give Rwanda 100 million yuan ($15.7 million) in grants and loans to encourage economic development and trade with China.

The fact that Rwanda doubled the size of its economy from 1994 to 2000 indicates that it is set to create many jobs in Africa.  Chinese investment and bilateral trade in Africa is expected to almost double by 2015.

China also plans to build infrastructure and provide medical l devices and pharmaceuticals to Rwanda, as well as providing support such as reduced tariffs for Rwandan exports to China, thus helping Rwanda to publicize and promote their products to the Chinese market.

 

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