Medical cannabis project, Rwanda Innovation Fund to be financed

More than Rwf759 million has been allocated for the implementation of a high-value therapeutic crop (HVTC) off-site infrastructure project for medical cannabis in the next financial year, according to information from the Rwanda Development Board (RDB).

This is one of the projects that is expected to be funded under the Rwanda Development Board (RDB) 's proposed Rwf60 billion in the 2023/2024 fiscal year, RDB officials told lawmakers during a budget hearing on Thursday, May 11. This is about 34 percent higher than the institution's Rwf44.9 billion in the revised budget for the current fiscal year.

According to RDB, the main reason for the country's move to start producing therapeutic crops is to contribute to health and medicinal research around the world and improve the lives of people.

Other projects to be financed include the Rwanda Innovation Fund, which was allocated more than Rwf3.9 billion. This facility intends to finance ICT startups so that they grow into strong firms and, at the same time, support job creation and the country's economy.


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