Kigali, 6th November 2018: The Rwanda Development Board (RDB) and TradeMark Africa (TMA) have today signed an agreement that aims to help build the capacity of Rwandan businesses to tap into international and regional markets. The support, worth USD $2.4 million, aims to link 40 local producers of non- traditional exports to new markets by 2023 by providing business advisory services for export-ready companies. Furthermore, Rwandan university graduates will be placed in mentorship programmes to build their capacity in trade policy and export development. This will ensure the long-term sustainability of the outcomes of the programme. The support from TMA is part of the USD $50 million Memorandum of Understanding signed between TMA and the Government of Rwanda early this year. The funding to RDB is being provided by the United Kingdom’s Department for International Development (DFID) and United States Agency for International Development (USAID) through TMA. Speaking during the signing ceremony, RDB Deputy Chief Executive Officer and Chief Operating Officer Emmanuel Hategeka said, “the partnership with TMA couldn’t have come at a better time. Supporting local exporters will increase employment opportunities for Rwandans while at the same time helping to reduce Rwanda’s trade deficit.” Explaining the new partnership, TMA Country Director Ms. Patience Mutesi-Gatera said, “Growing Rwandan exports and getting Rwandan companies to compete at the international markets may seem complex. We believe it is possible with collaboration, and that is why we have renewed our partnership with RDB to especially support the Rwanda National Export Strategy. Our...
Rwanda Development Board and TradeMark Africa partner to build local business capacity and support access to export markets
Posted on: November 7, 2018
Posted on: November 7, 2018