Rwanda has become the latest beneficiary of China’s foray into East Africa as the Asian giant seeks to control the region’s economic landscape, also targeted by Japan and India. China last week gave Rwanda $15.7 million to boost trade between the two countries. Rwanda will receive half the amount as a grant and the remaining 50 million yuan as a five-year interest free loan, said Gao Hucheng, Chinese Deputy Commerce Minister and international trade representative. Read More
