Rwanda approves nuclear plant deal with Russia

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THE Rwandan Cabinet has finally approved an agreement with Russia to set up a nuclear plant by 2024. The move is also expected to bolster relations between the two countries and advance the latter’s interests in the region.

The nuclear plant project

The Rwandan government maintains that the nuclear project will help in the advancement of technology in agriculture, energy production and environmental protection. Rosatom Global, a Russian nuclear parastatal, has already committed itself to execute the project, which is considered to be one of the biggest in Africa.

The nuclear power deal was first signed in Moscow last December and will see Russian scientists set up a Centre for Nuclear Science and Technology in Kigali. It has signed similar co-operation agreements with Kenya, Uganda and Tanzania even as questions over the appropriateness of the technology loom large.

International trade

The trade and political relationship between Rwanda and Russia have steadily grown over the years as the European country seeks to compete with the US, China and Western Europe for trade and political influence in Africa.

Minister of Trade and Industry, Soraya Hakuziyaremye, met top Russian politicians in Moscow early this year and invited more Russian investors to explore what Rwanda has to offer. Rwanda’s imports from Russia – mainly cereals, machinery, fertilisers, iron, and steel –increased from $20 million in 2017 to $31 million in 2018, according to Russia’s Export Centre data.

Exports to Russia, mainly agricultural products, however, remained a paltry $3.6 million, an increase from $2.4 million from 2017, which is a big negative balance of payment that Rwanda hopes to reverse. Kenya is Russia’s biggest trade partner in the EAC, followed by Tanzania, with main imports being chemicals, arms, and machinery.

 

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