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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Rwanda’s horticultural sector records sharp rise in 2017 

KIGALI Rwanda (Xinhua) -- Rwanda’s horticultural exports recorded a significant increase in 2017, a  top official of the National Agricultural Exports Board (NAEB) said on Thursday.

Speaking at a horticulture event, Bill Kayonga, chief executive officer of the NAEB, said Rwanda earned 21 million U.S. dollars in revenues from its horticulture exports in 2017, up from 12 million dollars in 2016.

“The horticulture sector, that is vegetables, fruits and flowers, in Rwanda witnessed remarkable progress in recent years,” he said. “From almost nonexistent five years ago, the sector is now a strong contributor to Rwanda export base.”

“We are so proud of the revenues the sector recorded last year,” Kayonga said.

He said the Rwandan horticulture industry is still not fully tapped and the country is looking for more investors to explore the young developing sector.

Rwanda targets to raise the horticulture sector’s annual export earnings to 140 million dollars by 2020, according to the ministry of agriculture and animal resources.

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EARLIER REPORT:

Rwanda urges donors to move beyond traditional financing

KIGALI Rwanda (Xinhua) -- Rwanda’s Finance Minister Claver Gatete Thursday urged Rwanda’s development partners to move beyond traditional financing.

Speaking at a meeting with development partners in the western district of Rubavu, Gatete stressed the important role the private sector is envisaged to play as the engine of Rwanda’s economic growth and urged development partners to move beyond traditional financing and consider new and innovative ways to finance the private sector.

Rwanda’s development partners need to “find ways to mobilize financing in different forms” and “evolve from the changing financing landscape” as what Rwanda wants is “unconventional and ambitious,” which is “very well deserved and justified,” said World Bank’s country manager to Rwanda Yasser El-Gammal at the annual meeting of Rwandan government officials and development partners.

Fode Nidaye, UN Resident Coordinator, said Rwanda will require more private sector engagement and investment, more human capital development, and more innovative finance to successfully implement its national strategy for transformation.

He said to increase private sector involvement, Rwanda needs to mobilize more domestic resources, given its vision of moving towards upper middle and high-income country status and its policy of more self-reliance.

The central African country, which has risen from a genocide that killed about one million people in 1994, seeks to transform the country from a low-income, agriculture-based economy to a knowledge-based, service-oriented economy with middle-income country status by 2020.

             

 

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