East African countries could lead the world in growth in consumption of tea during the next decade, even as they occupy top positions in exports of the commodity. Estimates by the Food and Agricultural Organisation show that Rwanda will lead in growth at nine per cent followed by Uganda at five per cent and Kenya at 4.4 per cent. Read more. Source | East African
Globally, women’s contribute to agricultural development in various capacities as producers, labourers and marketers. They have an important role to play in agricultural development and food security through entrepreneurship. In developing countries women’s role as agriculture entrepreneurs is not fully explored and well recognized. Women entrepreneurs in agriculture are facing real challenges like access to financial resources, assets and training. Read more. Source | New Times
Like many other farmers across the region, Alice Akabera, the president of Gwiza cooperative, which works with over 290 cereal farmers in Rwamagana District, faced challenges related to post-harvest storage.
Often, the farmers would count losses when their cereals went bad for lack of proper storage.The farmers also had limited access to markets and lacked financing. Read more. Source | New Times
Foreign Direct Investment (FDI) has been appraised by many researchers, as an important contributor to the economic growth and development of nations (Borgean. C. 2015). However, there seems to be a required trend of performance for any economy to attain a sustainable flow of FDIs and maximise the expected benefits to the best of its national interest, especially when the welfare of its population is at its forefront.
Some economies tend to attract more FDIs than others while some sectors of the economy tend to receive more FDIs. Worldwide, FDIs tend to flow from developed to developing economies, though the current trend seems to be changing direction, where Chinese FDIs are currently flowing to US. Read more. Source | New Times
Rwanda became the latest country, alongside Niger to confirm the African Continental Free Trade Area Protocol. The two add up the tally to four countries now, with Kenya and Ghana being the first two to formalize the protocol . the African Union(AU).
One of the paramount objective of the trade agreement is to create a single continent market for goods and services to propel businesses and make trade better. They seek to have a free flow of movement of goods and people to encourage more investments for the growth and expansion of Africa’s economy. This move will catapult the intra-trade relationships in the continent to necessitate a better business environment. Read more. Source | The Exchange
East African country Rwanda recorded its first highest roasted beans shipment to the United States of America that generated $77,000 for the Rwandan government. The foreign earnings recorded a high due to its value to the country other than what the country used to export in the previous years.
Rwanda is a major coffee export earner and has since been looking for ways to make their product better and marketable beyond the regional territories, in a bid of venturing into new markets in the European and Asian countries. It is believed that the roasted coffee beans have high value as compared to the washed green coffee beans that would somewhat not bring a bigger revenue to the country. Read more. Source | The Exchange
East African country Rwanda recorded its first highest roasted beans shipment to the United States of America that generated $77,000 for the Rwandan government. The foreign earnings recorded a high due to its value to the country other than what the country used to export in the previous years. Read more. Source | The Exchange
A month after 44 African states signed the African Continental Free Trade Area (AfCFTA) agreement, members of the Lower House have given the green light to the deal that is aimed at making Africa the largest trade bloc in the world.
The MPs also passed the protocol on trade in services, free movement of persons, protocol on trade in goods, and the protocol on dispute settlement mechanism.Rwanda becomes the first country to ratify all the instruments. Read more. Source | New Times
Weather related disasters such as flooding and landslides affecting the livelihoods of residents of Gicumbi District, Northern Province could soon be curbed following the launch of a $32.8m initiative funded by the Green Climate Fund.
The initiative is a partnership with the Ministry of Environment and aims at building resilience of small-holder farmers and communities vulnerable to climate change who have often lost their harvest due to changing weather patterns. Read more. Source | New Times
Rwanda Development Board was on Monday night feted as one of the eastern Africa’s best investment promotion agencies at an annual investment meeting conference in Dubai, United Arab Emirates.
The Annual Investment Meeting is a Foreign Direct Investment summit bringing together investors, multinationals, financiers and governments from across the world. Read more. Source | New Times