Rwanda’s long-term development goals are embedded in its Vision 2020. Vision 2020 seeks to transform Rwanda from a low-income agriculture-based economy to a knowledge-based, service-oriented economy with a middle-income status by 2020.
World Bank’s Doing Business 2014 report cited Rwanda as a “top performer,” one of the most improved economies in 2013. The landlocked country is currently ranked the second easiest place to do business in sub-Saharan Africa. Yet, despite its business friendly reputation, Rwanda lags behind in foreign direct investment compared to some of its East African neighbors. In 2013 Rwanda’s GDP growth slowed to 5% compared to previous years where the growth had been around 8%.
According to Heritage Foundation’s 2015 Index of Economic Freedom, Rwanda’s economic freedom score is 64.8. Rwanda received the same score the year previous despite having improved in half of the 10 economic freedoms, including freedom from corruption and trade freedom. Its score was undermined by a significant decline in business freedom. Rwanda is ranked 4th out of 46 countries in the sub-Saharan Africa region.
According to World Bank’s Enterprise Surveys 2013 data, poor infrastructure, the lack of access to electricity and limited generation capacity are some of the major constraints to private investors in Rwanda. The Rwandan government has implemented numerous reforms to improve its business environment and reduce the cost of doing business.
United Nations Conference on Trade and Development STATS.
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Published on February 13, 2017
Over 200 innovators, researchers and individuals from Tanzania, Kenya, Uganda, Rwanda and Burundi are expected to showcase technologies to curb post-harvest food losses in Nairobi, Kenya on May.
The Inter Region Economic Network (IREN), Chief Executive Officer (CEO), James Shikwati said the exhibition has been organised to address challenges in the post-harvest management of food-crop commodities and enhance labor.
The competition will enable organisers to identify a range of technologies to ultimately mitigate post-harvest losses in East Africa. Read more. Source | Daily News
Published on January 27, 2017
Uganda coffee experts have asked for regular training for coffee farmers in the line of trajectory to ensure the coffee quality standards are maintained to encourage the product’s consumption in the country’s regional markets.It’s estimated that Uganda exports around 4 million bags of coffee currently.
In 2014 and 2015, Uganda exported 3.5 million 60kg bags and 3.45 million 60kg bags compared to Ethiopia’s 2.97 million and 2.21 million bags respectively.The government, however, is keen to expand the target to export about 20 million bags of coffee by 2040 which calls for more training for quality assurance to make sure that the coffee is exported is of quality.
This is according to Joseph Nkandu, the executive director of the National Union of Coffee Agribusiness and Farm Enterprises (NUCAFE), during a training session of people handling coffee right from the farm to the shop, at the Omukago Café, on Buganda Road. Read more. Source | The Exchange
Published on January 27, 2017
Makerere University Holdings Company has secured two acres of land within the university to construct the Emmanuel Mutebile Centre of Excellence to process and refine innovations and ideas.
Speaking to pension managers around the country during a pension schemes’ symposium on Wednesday, Mr Patrick Bitature, the board chairman Private Sector Foundation Uganda, said the Mutebile Centre of Excellence is a partnership between the academia, government and the private sector to come together and process their ideas and innovations which can move the country forward.
“We have many people with chunks of money but do not know how to move to the next level. There is no work in progress; there is dire need for this facility because the private sector is supposed to lead the economy but it is government leading,” he said. Read more. Source | Daily Monitor
Published on January 19, 2017
Uganda’s coffee exports have increased both in volume and value in the first two months of the calendar year.
Latest statistics from Uganda Coffee Development Authority (UCDA) show that in October and November, the country exported a total of 617,171 (60) kilogramme bags of coffee beans, up from 472,119 bags exported the same period the previous year.
“ In this period, the country earned $74 million (Shs264 billion), up from $47 million (Shs167 billion) earned the previous year,” UCDA report showed.Mr Emmanuel Iyamulemye Niyibigira, the executive director of UCDA, said the good volumes were facilitated by increased production in central and eastern main season which is still ongoing. Read more. Source | The Exchange
Published on January 18, 2017
Seizing AGOA Opportunities in East Africa is a production of the USAID East Africa Trade and Investment Hub (The Hub). It highlights the work of the Hub’s Component 3 – Trade Promotion and AGOA, and briefly describes the legislation AGOA.
The trifold also outlines the general steps to follow when exporting to the U.S. under AGOA, and provide information on how to engage with the Hub on issues of trade promotion and AGOA.
Published on January 12, 2017
The Uganda Coffee Development Authority (UCDA) is set to embark on registering coffee farmers across the country in a bid to document the activity for proper planning.Currently, there is no conclusive documented data that show the number of coffee farmers in Uganda and the prominent coffee types in Uganda. Mr Emanuel Lyamulemye, the UCDA managing director, said this exercise will start as a pilot project at the end of this month in Mukono District and later be rolled out to the entire country.
He revealed that in executing this exercise, they intend to use elite graduates in the community, who will use a newly developed application on smart phones to register farmers.The exercise will capture a farmer’s bio data, location, farming practice, acreage, the number of trees, types of coffee being grown, the age of the coffee trees and other basic details. Read more. Source | Daily Monitor
Published on January 11, 2017
The introduction of one-stop border posts has been hailed for improving trade among East African Community (EAC) member countries.
The border posts have also made EAC a major economic bloc in Africa, according East African Legislative Assembly (EALA) member and Kenya chapter secretary Judith Pareno.
Ms Pareno made the remarks during an EALA sensitisation forum in Isiolo on Tuesday.
She lauded the assembly for removing trade barriers at border points, saying the changes had resulted in faster and more efficient movement of people and goods. Read more. Source |Daily Nation
Published on January 11, 2017
The flower industry, once Uganda’s promising export revenue earner ranked among the top five market leaders, is gradually showing signs of recovery to its glory.Latest information from the industry shows that, against all odds, the country’s export volumes increased in the year ending 2016.
In an interview with Prosper Magazine Uganda Flower Exporters Association (UFEA)’s executive director, Ms Juliet Musoke, said: “This year we exported more flowers compared to the previous year 2015.”In 2015 the country through UFEA members exported 6,300 tonnes of flowers worth $27.5 million (Shs99 billion). Ms Musoke shared that in the year ending 2016 UFEA exported more than 6,500 tonnes of flowers, 200 tonnes more than what was exported the previous year. Read more. Source | Daily Monitor