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Export growth facility fund; why are exporters shunning the facility?

Published on September 21, 2016

Last year, government launched the export growth facility fund as part of the strategy to boost  exports and narrow down the widening trade deficit gap.

 The aim according to Francois Kanimba, the Minister in charge of Trade and Industry was to channel more than Rwf1 billion, through the Development Bank of Rwanda (BRD), to facilitate exporters especially through SMEs .

 Exporters would then access the funds at about 8 per cent interest per annum, covering at least 50 per cent of the cost exporters incur as they try to seek new markets abroad. Read more. Source | New Times