Agriculture
Agriculture

He made the call on Friday while speaking to reporters during a live twitter session on investing in agriculture and smart agriculture in Rwanda.

Agriculture
Agriculture

“Rwanda agriculture sector is still virgin for investments and massive investment in the sector will address the problem of food security and transform one of the major engines for growth and prosperity,” he said.
“Following significant efforts and public investments made over the past 15 years, professional farmers and a strong private sector will be the driving force,” he added.

Rwanda’s ministry of agriculture and animal resources plans to give arable land to private investors to boost agriculture production.

About 50,000 hectares of land registered as government property countrywide that is not productive or is exploited in a disorganised way is waiting to be invested in.

Modernising agriculture is an essential part of the small central Africa country development targets under the second phase of the Economic Development and Poverty Reduction strategies (EDPRS II).

Nsanganira stated that more private sector investments will ensure that the objectives of the development agenda are realised, including creation of jobs for the youth.

The post genocide country has registered impressive growth in agriculture sector in the last 10 years of about five percent growth annually.

Rwanda has enhanced investments by introducing a new investment law that clarifies potential investment opportunities in the country as well as the key areas the government is marketing to investors.

The investment law, launched in Kigali June seeks to bring 1.12 billion U.S. dollars worth of foreign direct investments (FDIs) by the end of 2015.

Figures from Rwanda Development Board (RDB) put the country’s actual FDIs at 257 million U.S dollars in 2013 and 521 million U.S dollars in 2014.

According to 2014 World Bank’s Doing Business ranking, Rwanda was ranked 46 out of 189 economies surveyed globally registering improvements in the ease of obtaining construction permits, getting electricity and getting credit. Enditem

Source: Xinhua

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