Rwanda has mobilised $10.5 million in export credit guarantees to subsidise production, market entry, financing and insurance costs for its exporters, especially to the US.
In the 2016/17 budget, Finance Minister Claver Gatete announced a $1.2 million allocation to grow the export credit guarantee scheme. Last week, Trade and Industry Minister Francois Kanimba said that entering external markets is costly for small and medium enterprises if they bear all the costs.
“We are looking for ways of sharing these costs,” he said while launching the Rwanda Africa Growth and Opportunity Act (Agoa) Action Plan. The initial plan is to support 30 exporters to sell high-value products in the US market. Read more. Source | East African