Written by Jenny Clover | From Reuters 

The World Bank signed off on a $70 million financing package for Rwanda on Wednesday, the last tranche of a three-year aid program, which will be partly used to make poverty-fighting programs more effective at combating natural disasters.

The deal, which will include a $46 million loan and a grant of $24 million, was signed shortly after typically tropical rains lashed the hilly capital, Kigali, sending torrents of water cascading through the streets.

President Paul Kagame has led Rwanda’s transformation into one of sub-Saharan Africa’s most investor-friendly nations in the two decades since the end of a genocide that killed 800,000 people.

Political stability and a raft of reforms to cut red tape and streamline regulations are luring investors to the country, which Kagame wants to become a middle income nation by 2020. His critics accuse him of being authoritarian and trampling on media and political freedoms.

Read more at Reuters