KIGALI, Rwanda – In the margins of the Africa CEO Forum 2026 in Kigali, the Development Bank of Rwanda (BRD) signed a EUR 30 million financing agreement with Cassa Depositi e Prestiti (CDP), Italy’s national development institution, to fast-track green investments and boost climate resilience in Rwanda.
The relationship supports the expanding collaboration between Rwanda and Italy in the area of sustainable development and climate action.
Backing the IREME Invest Facility
The agreement will support high-impact projects under the IREME Invest facility, a Government of Rwanda initiative managed by BRD, which aims to fill financing gaps in green and climate-resilient investments.
Priority issues:
1. Green energy.
2. Electric mobility.
3. Urban development for sustainability.
4. Adjustment to climate.
5. Waste management.
6. Solutions of circular economy.
BRD CEO: Plugging Critical Gaps in Financing.
BRD Chief Executive Officer Ms. Stella Rusine Ntez said the alliance was important to accelerate Rwanda’s green transition.This agreement will close key financing gaps and unleash the potential of the private sector to be the main driver of our green transition. Together, we are making sure that Rwanda’s growth is inclusive and environmentally sustainable for future generations.”
She also said the cooperation is coming at a key moment as BRD mobilises long-term financing for Rwanda’s sustainable development aspirations. BRD has already approved green projects of more than FRW 73 billion through IREME Invest alone, with a pipeline of over FRW 264 billion.
CDP: A Strategic Move for Climate Action.
“The agreement is of a strategic importance,” said Mr. Davide Petrangeli, Head of Multilateral Institutions & Public Development Banks Financing at CDP.The partnership with BRD is a critical step for CDP in strengthening its commitment to mitigate the effects of climate change and assist the green transition in partner countries”.
“It will support the mobilization of resources for projects with high environmental impact and support sustainable and resilient growth in line with Rwanda climate priorities and Italy international commitments,” he added.
A Common Goal for a Cleaner Future.
“This collaboration highlights a common commitment to helping Rwanda transition to a low-carbon economy, better livelihoods and resilient communities.
BRD commended CDP for their relationship, trust and common vision for a greener future.“Together, we are forging sustainable solutions for a lasting impact for generations to come.”
Looking Forward.
Now that the EUR 30 million deal is in place, BRD and CDP are ready to enable substantial private sector investment in green initiatives across Rwanda. The agreement would strengthen not just the bilateral cooperation between Rwanda and Italy but also position Rwanda as a regional leader in climate finance and sustainable development.
