MINICOM and TMA sign new USD 11.2Million deal to implement projects that will reduce barriers to trade at the policy and grassroots level Funding is provided by United States Agency for International Development and UK’s Department for International Development Kigali, 19 June 2019: TradeMark Africa (TMA) has committed to fund Rwanda’s Ministry of Trade and Industry with USD 11.2Million in support of programmes that will improve Rwanda’s regulatory environment to reduce barriers to trade. The funding has been provided by the United Kingdom’s Department for International Development (DFID) and United States Agency for International Development (USAID).. The announcement was made today during an MOU signing ceremony between TMA and MINICOM. The agreement with MINICOM is part of TMA’s USD 50Million programme with the government of Rwanda (GOR) that aims to support interventions that will improve the country’s competitiveness through investments in key sectors. The two partners committed to build on ongoing interventions that have reduced barriers to trade like automation of key trade processes and upgrading of physical trade infrastructure. Some of the new interventions will include the supporting trade and industry directorates to review and develop trade policies and strategies that will facilitate Rwanda private sector compete in global markets. This will be in addition to supporting National Trade Facilitation Committee (NTFC) to support the negotiation and implementation of trade agreements. The money will also be used for the construction and operationalization of cross border markets at Nkora, Rubavu, Rusizi, Burera and Karongi. The authorities noted successes of its...
TMA and MINICOM roll out programmes to improve Rwanda’s business environment and help local businesses compete internationally
Posted on: May 21, 2019
Posted on: May 21, 2019