An MOU between TradeMark Africa and Ministry of Trade and Industry marks the official completion and beginning of operationalising the markets Upcoming activities including space allocation to traders Construction of Rubavu and Rusizi markets was supported by TMA with funding from DFID and the Embassy of Belgium Rubavu 21st March 2019: The Rwanda Ministry of Trade and Industry (MINICOM) and TradeMark Africa (TMA) have today announced the official completion of Rusizi and Rubavu Cross Border Markets. The two organisations signed a Memorandum of Understanding to symbolise completion and official handover of the markets from TMA to the government of Rwanda. The handover marks opening the market space to traders for business. TMA partnered with MINICOM and Rubavu and Rusizi District administration to oversee construction of the markets for the last 1 year. United Kingdom’s Department for Foreign Development (DFID) and Embassy of Belgium in Rwanda provide funding of USD$ 3, 302 ,255.35 and 2,165,250.17 for Rubavu and Rusizi respectively. Rusizi market is all-inclusive with 186 spaces for trading in goods while Rubavu has 192 spaces. Markets facilities include cold rooms, Creche, warehousing, banks and forex bureaus, sanitary facilities as well as service parking. These cross-border markets directly respond to Rwanda’s National Cross Border Trade strategy that calls for the development of CBMS to promote trade between Rwanda and neighbouring countries; and it is expected that the markets will promote cross border trade between Rwanda and Democratic Republic of Congo. The MOU stipulates that TMA will provide a two-year technical assistance...
Rubavu and Rusizi cross border markets, completed, ready for occupation
Posted on: April 1, 2019
Posted on: April 1, 2019