The USAID East Africa Trade and Investment Hub (the Hub) and partners facilitated 175,616 metric tons of grain contracts at a Rwandan-based regional trade forum on November 28. This was the third large business-to-business (B2B) forum that the USAID Hub has hosted to connect the private sector across East Africa and ensure grain is moving from surplus countries to deficit countries. With the Rwanda forum, the USAID Hub has facilitated nearly 1.21 million MT in cross-border trade of staple grains in 2017, with an estimated value of $278.4 million. Once contract delivery is complete, grain traded through the USAID Hub's B2B forums will have contributed to the food security of 14.9 million East Africans.
The USAID Hub partners Eastern Africa Grain Council, the USAID Rwanda Private Sector Driven Agriculture Growth (PSDAG) program and the East Africa Exchange were integral to the success of the forum. PSDAG connected numerous local Rwandans sellers who signed contracts with regional buyers for their surplus mixed beans. Regional sellers and buyers of rice and maize also contributed greatly to the final volume of contracted metric tons.