Rwanda Mountain Tea

Debt : December 2011

BIO has granted a USD 2,629,400 loan to Rwanda Mountain Tea for the installation and operation of a 4 MW hydropower project.

Amount

€ 1,986,637.72

Type of investment

Debt

Development impacts

  • Access to basic services & goods
  • Fight against climate change and preservation of natural resources

Beneficiary locations

Sub-Saharan Africa: Rwanda

Investment field

Infrastructure

Activity

Energy : hydropower

Organisation

Rwanda Mountain Tea

Domicile

Rwanda

Rwanda Mountain Tea Ltd. established in 2005 with the objective to engage in tea production and related activities. As per 25.08.2009 its articles of association include the generation and sales of electricity as well.

Since 01.03.2010 RMT can be regarded as a holding company responsible for the strategic management of the different tea factory companies it owns:

  • Rubaya and Nyabihu Tea Factory (Rubaya and Nyabihu were former business units of RMT, now bundled in one company)
  • Kitabi Tea Factory (“KTC”)
  • Tea Invest Company (“TIC”)

The present project is a diversification project of RMT: the installation and operation of a 4 MW hydropower project in Nyabihu District, 10-15 km of the Rubaya and Nyabihu tea factories. The electricity generated will be sold to RECO and RWASCO, the Rwandan Electricity and Rwandan Water Company (one public entity).

The hydro project will be a separate business unit of RMT, and will be responsible for an expected 38% of RMT operational revenues as of 2013.

Development impacts

  • Access to basic services & goods

    Currently there is a substantial electricity undersupply in Rwanda (100 MW). Economic development can only occur if basic infrastructure needs are met like improvement in electricity supply.

  • Fight against climate change and preservation of natural resources

    The project will be a run of the river hydro plant with an installed capacity of 4 MW.

View more of our investments in this region

Fefisol II

Investment Companies & Funds

Fefisol II

  350,000.00

  Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda

  29/11/2022

  Subsidy

Phatisa Food Fund 2

Investment Companies & Funds

Phatisa Food Fund 2

  240,396.00

  Tanzania, Uganda, Zambia

  28/11/2022

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  19,789.00

  Côte d'Ivoire

  21/11/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  01/11/2022

  Equity

KCB Kenya

Financial Institutions

KCB Kenya

  42,512.20

  Kenya

  27/10/2022

  Subsidy

Njeru Industries

Enterprises

Njeru Industries

  14,654.50

  Kenya

  19/10/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  29/09/2022

  Equity

Poa! Internet

Enterprises

Poa! Internet

  17,264.00

  Kenya

  08/09/2022

  Subsidy

Electrical Controls and Switchgear Ltd.

Enterprises

Electrical Controls and Switchgear Ltd.

  32,366.50

  Uganda

  04/08/2022

  Subsidy