Rwanda's top officials arrested aver embezzling public funds

APA - Kigali (Rwanda)

The Permanent Secretary in the Rwanda's ministry of Finance and Economic Planning, Caleb Rwamuganza has been arrested along with other top senior managers over allegedly over embezzlement and mismanagement of public funds allocated to boosting energy sector, a judicial source confirmed Monday to APA in Kigali.

The officials  are being probed for embezzling and misusing funds meant for various  energy projects across the country, according to the same source.

According  to the Rwanda's National Public Prosecution Authority, investigations  and subsequent arrests are based on audits conducted this tear, which  unearthed fraudulent acts through which huge amount were embezzled.

The  arrest comes after after local players in the renewable energy sector  under their umbrella body, Energy Private Developers, had come out  seeking financing to help meet national targets.

Latest official  reports indicate that Rwanda has currently over 100 private sector  players in the local renewable energy sector with limited impact largely  due to financing challenges.

In the solar energy sub-sector, the existing operators have so far contributed about 11 per cent of national penetration.

The Rwandan government has a strategy to extend electricity to the entire country by 2024.

The tiny East African nation is endowed with natural energy resources including hydro, solar, and methane gas.

To date, 54.5% of Rwandan households have access to electricity, according to official statistics.


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