Good prices on the global market boosted Rwanda’s coffee export revenue during the first 11 months of the last year despite a drop in volumes, the National Agricultural Export Board (NAEB) report indicates.
According to the report, Rwanda’s total coffee export revenue rose to $59.8 million (Rwf51.4 billion) during the first 11 months of 2017, up from $53.8 million (almost Rwf46.3 billion) earned over same period in 2016, representing a growth in value of 11.1 per cent or $6 million. Read more. Source | New Times
Rwanda's tea export receipts increased to $78.1 million (about Rwf67.2 billion) during the first 11 months of 2017, up from nearly $57.4 million (Rwf49.4 billion) during same period in 2016, the National Agricultural Export Board (NAEB) report indicates. This indicates an increase of 36.16 per cent, which represents about $20.7 million growth in earnings, according to the report for November 2017.
The export body attributed the increase in export revenue to the high volume of tea sold during the period as well as a rise in global prices. Global tea prices averaged $3.21 per kilogramme during the reporting period compared to $2.56 per kilo in 2016. Read more. Source | New Times
The Ministry of Agriculture and Animal Resources has unveiled a new initiative aimed at addressing the challenges faced by farmers. Under the initiative, the ministry will partner with universities in research to help find solutions to the sector’s problems, Fulgence Nsengiyumva, the State Minister in charge of agriculture, has said.
According to the minister, universities and other higher learning institutions should be at the forefront of efforts geared at addressing problems in the sector. Read more. Source | New Times
The private sector is at the centre of the National Strategy for Transform, a seven-year roadmap that steer the country’s development.
This was highlighted by different leaders at the two-day National Dialogue Council, Umushyikirano, which has brought together over 2000 leaders from the public and private sector, as well as citizens. Read more. Source | New Times
Stimulating new exports and attracting foreign direct investment (FDI) are two important ways in which policymakers can drive structural transformation. This is achieved by transferring resources from traditional activities to new ones with the aim of uplifting and advancing the economy at large. However, it can often be difficult for government to plan and prioritize which sectors deserve support to realize such goals. Read more. Source | International Growth Centre
It is essential to strengthen efforts geared at boosting women’s financial empowerment to increase their contribution to national economic development, Donathile Mukabarisa, the speaker of Parliament has said.
Speaking during a workshop on gender equity and job-creation, Mukabarisa added that improving women’s skills (in different sectors) is also crucial to boost their contribution to national economic development. The workshop brought together 65 women working with different cooperatives and also aimed at equipping them with business proposal writing skills to increase their chances of access to finance. Read more. Source | New Times
Rwanda should increase national savings, improve the human capital resources, as well as transform the agriculture sector to achieve its development goals and ensure sustainable growth, experts have said. Speaking during a policy dialogue on “requirements for sustainable growth” in Kigali, the experts also called for more support to the private sector to ensure Made-in-Rwanda initiative succeeds and help reduce on the import bill.
“It is also essential to ensure citizen participation and inclusiveness and enhance good governance and accountability,” they added during the dialogue was organised by Rwanda Economic Policy Research Network (EPRN) in collaboration with Ministry of Finance on Tuesday. Read more. Source | New Times
International conference organisers are upbeat following the last week’s announcement of the new visa regime.
Under the new arrangement, travellers from across the world will from January 1, 2018, receive a 30-day visa on arrival at the country’s entry points.
The development comes at a time when countries across the world are closing their borders, with most citing reasons such as insecurity and influx of migrants. However, Rwanda is proceeding with the least taken path in regards to visa policy to increase openness. Read more. Source | New Times
Rwanda’s business community should take advantage of the recently installed modern infrastructure at Mombasa port to increase trade. Catherine Mturi-Wairi, the Kenya Ports Authority managing director, has said.
Mturi-Wairi said the authority is committed to facilitating regional trade through provision of efficient and convenient services, adding that they look to raise and sustain the port performance to world class standards.
“We are working on a plan that will further reduce unnecessary delays at the port. Already, we have expanded yards and berths to handle more cargo, revamped the ICT system for faster document processing, and modernized cargo handling equipment. Read more. Source | New Times
The industrial sector should take advantage of the East African Community (EAC) 150 million people and opportunities created by the regional Common Market Protocol to stimulate demand and competitiveness.
Alphonse Kwizera, the Rwanda Association of Manufacturers (RAM) technical expert, said the success of the EAC industrialisation programme will depend on the manufacturing sector’s ability to leverage the opportunities the bloc and other markets on the continent present them to deepen their reach and become sustainable. Read more. Source | New Times