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Customs bodies and the business community across the East African Community (EAC) have praised the positive gains from the single customs territory, saying it has eased business and reduced malpractices that had characterized regional trade.
The initiative was introduced in 2013 to improve efficiency in doing business in the region. It seeks to ease doing business across the bloc by electronically processing goods and releasing them from the country of destination prior to loading and releasing from the port. Read more. Source | New Times
Rwanda’s agricultural exports generated over $515.9 million (over Rwf447 billion) in a period of one year from July 2017 to June 2018, representing an increase of 44.73 per cent compared to $356.5 million (over Rwf316.8 billion) generated in the same period in 2016-2017. Read more. Source | New Times
Earlier this month during the Central Bank’s launch of the Monetary Policy and Financial Stability Statement, the Minister for Trade and Industry, Vincent Munyeshaka, challenged financial sector players to introduce innovative products for Small and Medium Enterprises (SME’s)
The minister is right to give us such a challenge, and we in the financial sector should listen well to how it was phrased – innovate to serve the needs of SMEs. He did not challenge us to extend the reach of existing products through mere financial inclusion nor to improve the efficiency of service delivery. He challenged us to provide solutions that work for the SME sector. Read more. Source | New Times
Jeanne de Chantal Umuhorakeye is the cofounder of a shoe making company called Shoe Manufacturing and Shopping Limited, which is located in Kimironko sector, Gasabo District.
After graduating with a degree in Law from Kigali Independent University in 2013, she hopped from one office to another delivering job applications. Like most fresh graduates who don’t have work experience, her job applications—for four years—did not attract positive feedback from prospective employers. Read more. Source | New Times
President Paul Kagame has challenged African youth to adjust their mindsets on agriculture and increase involvement in the sector. Kagame was speaking yesterday during the Presidential panel at the African Green Revolution Forum.
Kagame said that to make agriculture more productive on the continent, among the necessary adjustments include a change of mindset among the youth in regards to agriculture to make it a career of choice. Read more. Source | New Times
Last week, a number of African leaders were meeting in Kigali, for the Africa Green Revolution Forumb (AGRF) and to discuss how to use agriculture as a way to transform African economies faster. This year the big question was: Will this forum be different from others or will it turn out to be just another talk show?
Yet there is always a frisson of excitement when leaders meet; a sense of opportunity hangs in the air that makes us want to believe that this could be the start of real change. Agricultural transformation by definition is all about change, but whether it is going to happen, particularly in Africa, rests in the hands of leaders who must paint the vision, and then make that vision reality. It is vital that agriculture is seen as an instrument to help leaders achieve their political ambitions and to drive economic goals. If not, agricultural-led economic transformation will remain a pipedream. Read more. Source | New Times
Regional coffee growers, exporters and sector policy makers are turning their focus to domestic consumption, a move they say is intended to cushion them against fluctuations on the international market, which sometimes adversely affects their incomes.
They were speaking Friday at the official launch of the 17th African Fine Coffee Conference and Exhibition (AFCC&E) in Kigali.The event is running under the theme, ‘Specialty Coffees at the Heart of Africa’, and it is focusing production and marketing of high quality coffee. Read more. Source | New Times
National Agriculture Export Board (NAEB) has projected tea export revenues to increase from $88M last year to $92m this year. Rwanda’s tea exports for 2017 increased by 15 per cent compared to 2016 and is further expected to do better owing to increased brand promotional activities. NAEB Tea Divison Manager Issa Nkurunziza said that Rwandan tea has been competitive on international markets. Read more. Source | New Times
Diego Dieudonné Twahirwa, a 30 year old Rwandan entrepreneur has been nominated for the Young Entrepreneur Awards at 2018 World Forum for Export Development 2018 (WEDF 2018).
The award is an initiative of the International Trade Centre (ITC) youth and trade programme, which aims at connecting young social entrepreneurs to markets. The programme also supports social entrepreneurship to help achieve the United Nations Sustainable Development Goals on quality education and inclusive and sustainable economic growth. Read more. Source | New Times