The Rwandan government announced an investment of $7 million to promote locally manufactured products over the period 2020-21. The spending is mentioned in the 2020-21 state budget presented to the parliament last June 23.
As part of this project, the government wants to support the local production sector and help businesses to guarantee the security standards of their products. The new budget line will enable some 20 Rwandan factories to adopt the latest generation technologies to create new products for both the local and international markets. Six exporting companies in particular will benefit from the support of the Export Growth Fund, making them more competitive on the markets.
In recent years, Rwanda has deployed several measures to strengthen its production sector with the view of becoming self-sufficient in the local market and gain more on the export market. In January this year, Sam Kamugisha, Director-General for Industry at the Ministry of Trade and Industry, said particular focus will be on six agribusiness segments over the coming years. These include sugar, vegetable oil, rice, fertilizers, corn, and aquaculture by-products.
According to authorities, the promotion of “made in Rwanda” products is expected to reduce the trade gap, which increased by 17% in 2019.
Moutiou Adjibi Nourou
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
The MTN Nigeria Dabengwa Tier 3 Data Centre is more than just a physical infrastructure project — it’s a foundational investment in Nigeria’s digital...
• South Sudan initiates a $58 million, four-year project to transform basic education nationwide.• The program aims to directly benefit over 300,000...
• Cape Verde reclassified as an upper-middle-income country due to a 16.8% rise in GNI per capita.• Namibia downgraded to lower-middle-income after a...
• Ivory Coast grants two new four-year gold exploration permits to Global Industries Sarl and Rampage Exploration Sarl.• National gold production reached...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...